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Outbound tourism in India is taking off: the market will reach USD 55388.41 million by 2034, a CAGR of 11.4%

India outbound tourist market
India outbound tourist market

India’s outbound tourism market is taking off and is expected to reach a staggering size $55388.41 million by 2034, with a growth rate of 11.4% CAGR. This wave of travel desires presents a golden opportunity for travel agents, airlines and hospitality companies to capture the hearts (and wanderlust) of Indian holidaymakers. But how can your brand become their favorite travel partner?

Feeding the dreams of Indian travelers

  • Experiences with souvenirs: Tap into the growing thirst for adventure. Offer unique and experiential travel packages that go beyond sightseeing and meet the millennial desire for cultural immersion and exploration.
  • Global connectivity made easy: Become a one-stop travel store. Facilitate seamless travel experiences by providing information on direct flight routes, competitive airfares and visa requirements for popular destinations.

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  • Affordability is crucial: Price is important. Develop attractive travel packages and discounts that appeal to the growing but price-conscious Indian middle class.
  • Embrace digital travel planning: Meet travelers where they are. Develop a user-friendly online platform with easy access to travel information, booking options and customer support.
  • The power of social influence: Collaborate with social media influencers. Leverage the travel inspiration on platforms like Instagram to showcase exotic destinations and curate travel experiences for the Indian audience.
  • Wellness on the horizon: Tap into the health and wellness trend. Offer travel packages that focus on rejuvenation and relaxation, tapping into the growing awareness of wellness tourism.

Understanding the growth drivers:

  • Increasing disposable income: Target the affluent Indian traveler. The increase in discretionary spending is creating an important market for international travel experiences.
  • The millennial mentality: Embrace the experience-oriented generation. Millennials’ preference for cultural exploration fuels the demand for outbound tourism.
  • A connected world: Make travel accessible. The expansion of the internet and travel booking platforms allows Indians to plan and book international trips with ease.

Moreover, demand for package holidays offered by companies like Cox & Kings is increasing as more Indians travel abroad for the first time. Indian travelers are becoming increasingly daring and like to customize their trips by selecting unexpected locations and new activities. To improve the outbound tourism sector, the government could take measures such as increasing direct connectivity to popular and emerging places, allowing foreign cruise ships to ply in Indian waters, and undertaking deliberate and coordinated efforts at various fronts.

Key points from the India outbound tourism market study:

  • European and North American destinations currently face problems such as exceptionally long visa processing times and scarce air connections with high prices.
  • The top three tourist destinations for Indians are expected to be Thailand, Singapore and the US
  • Business travel and holiday/leisure are the most popular purposes in the Indian outbound tourism market
  • Online booking channels are expected to dominate the Indian outbound tourism market in terms of booking channels.

Discover the methodology of the report:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15747

Main actors:

  • Track
  • Thomas Cook
  • SOTC Kuoni
  • Raj travels
  • In Orbittours
  • Cox and Kings
  • TCI
  • Kesari
  • Travel market India
  • Riya travels
  • Akbar travel
  • BTI Sita
  • BCD travel
  • Mercury travels
  • Golden chip
  • Kesari
  • Amadeus (according to request)

India Outbound tourism market by category

Per goal type:

  • Company
  • Holiday/free time
  • VFR and others

Per booking channel:

  • Telephone booking
  • Book online
  • Personal booking

By tourist type:

By type of tourism

  • Cultural and heritage tourism
  • Medical tourism
  • Eco/Sustainable Tourism
  • Sports tourism
  • Wellness tourism and others

By tour type:

  • Independent traveler
  • Package traveler
  • Tour group

According to consumer orientation:

By age group:

  • 15-25 years
  • 26-35 years
  • 36-45 years
  • 46-55 years
  • 66-75 years

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Recipient and Member of the Greater New York Chamber of Commerce) provides deep insights into the driving factors driving demand in the market. FMI is the leading global provider of market information, advisory services, consultancy and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial and Chemical markets. With a vast team of more than 400 analysts worldwide, FMI offers global, regional and local expertise on diverse domains and industry trends in more than 110 countries.

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