From India to the world: Unleashing the potential of India’s tourists

Boosted by rising economic prosperity  and a fast-growing economy, India is set to be an important global source market for leisure travel. India is now the fifth-largest economy, and its population has surpassed China’s to become the largest in the world, at over 1.4 billion people. 1 World Bank national accounts data, GDP (current US$) India, accessed September 2023; World population prospects 2022 , United Nations Department of Economic and Social Affairs, Population Division, 2022. And the population is young—the median age is 27.6, more than ten years younger than that of most major economies. 2 World population prospects 2022 . What's more, consumption of goods and services, including leisure and recreation, is forecast to double by 2030. 3 “India’s impending economic boom,” Morgan Stanley, November 8, 2022. Adding a strong postpandemic travel recovery, and a growing appetite for international travel, these factors point to India’s significant potential for outbound tourism.

India is now the fifth-largest economy, and its population has surpassed China’s to become the largest in the world, at over 1.4 billion people.

Through nine charts, this article unpacks trends and opportunities in the Indian travel market. Selected country examples shed light on how destinations can enhance their value propositions to attract and delight Indian travelers.

Indian globetrotters set to soar

Racing ahead: indian wanderlust is taking off, top picks: united arab emirates reigns, new gems discovered, regional flavors; global explorers.

Indian travelers are not a homogenous group; destination preferences vary across regions. For example, travelers from North India constitute a large share of travel to the United States and Canada, while two-thirds of travelers from Kerala prefer destinations in the Middle East. 1 India tourism statistics 2020 , Ministry of Tourism, Government of India, January 2021; MarketIS. Purpose of travel, distribution of the diaspora, and cultural linkages play a role in destination choice.

Destination matchmaking: Five ways to build value

Destinations looking to harness the full potential of the growing Indian market could consider tailoring their value propositions in alignment with one or more of the five key decision points that influence where travelers choose to go. Destinations might ask the following questions to determine which factors align with what Indian travelers look for when planning a trip.

  • Research. How attractive and popular is the destination with Indian tourists?
  • Accessibility. Is it easy to obtain a travel visa?
  • Connectivity. Are there convenient flights that connect India to the destination?
  • Booking. Is the destination affordable for Indian travelers, and is there an adequate supply of hotels in the appropriate price range?
  • Travel experience. What is the on-the-ground experience like for Indian tourists in terms of weather, attractions, and whether or not the local population is English speaking?

There’s something for everyone in Thailand

Azerbaijan’s visa policy wows indian travelers, vietnam takes off: direct flights skyrocket arrivals.

In 2019, Kolkata was the only city in India with direct connectivity to Vietnam, and three other Indian cities offered sporadic flights. To stand out from Southeast Asia neighbors and gain popularity with Indian travelers, Vietnam improved direct connectivity from India by increasing flight frequency and adding new routes. Indian arrivals are now at an all-time high. 1 Data from Google trends and Diio Mi.

The luxury of Dubai is within reach

In 2022, India was the largest source market for leisure travelers to Dubai. 1 “1.24 million Indian tourists visit Dubai in first 9 months of 2022,” Business Standard , December 10, 2022. The city is known for its luxury offerings and, perhaps surprisingly, also offers a wide range of accommodations, such as 3-star options. And flights from India are affordable when compared with flights of similar distances. Taken together, these factors make the luxury of Dubai accessible to Indian travelers. 2 MarketIS.

Bollywood magic in Switzerland

While only 9 percent of Indian travelers focus on long-haul destinations in Western Europe, Switzerland has been an Indian top-20 destination for over a decade. Switzerland may be popular, as it feels familiar to Indian travelers: many Bollywood hits feature Swiss attractions, there are plenty of Indian restaurants and cultural festivals, and English is widely spoken. 1 “Switzerland and romantic songs of Indian movies,” Solo Backpacker, September 20, 2019; India-Switzerland relations , Ministry of External Affairs, Government of India, February, 2020; Festival of India in Switzerland and Liechtenstein – Events , Ministry of Culture, Government of India, 2018; Swiss hospitality for Indian guests , a joint report from HotellerieSuisse, Berne and Switzerland Tourism, November, 2019.

Namaste, India!

India is a high-potential, growing source market for leisure travel. Destinations looking to attract Indian leisure travelers could consider targeted marketing, an expanded range of affordable options, and customized on-the-ground hospitality that caters to Indian preferences. Destinations may need to take steps now to build a strong value proposition and distinguish themselves as a preferred location. To do so, they could take action in the following areas:

Destinations looking to attract Indian leisure travelers could consider targeted marketing, an expanded range of affordable options, and customized on-the-ground hospitality.
  • Connect. Make travel seamless, for instance, by simplifying visa application processes and providing direct connectivity.
  • Entice. Offer affordable packages with a range of choices that appeal to specific groups, such as families, couples, or solo travelers.
  • Welcome. Make the experience traveler-friendly, for example, by providing appropriate food and beverage options like vegetarian and Indian cuisine.
  • Attract . Design targeted campaigns to showcase experiences that Indian travelers want, and use appropriate channels to get the word out, for example leveraging over-the-air partnerships and social media.
  • Unlock. Include the MICE (meetings, incentives, conferences, and exhibitions) and business tourism segments in marketing efforts to boost interest in leisure travel.

Divya Aggarwal is an associate partner in McKinsey’s Gurugram office, Margaux Constantin is a partner in the Dubai office, and Kanika Kalra is a partner in the Mumbai office, where Neelesh Mundra is a senior partner.

The authors wish to thank Ashu Airan, Steffen Köpke, Richa Kothari, Karthik Krishnan, Kargil Mishra, and Jean Petersen for their contributions to this article.

Explore a career with us

Related articles.

Amit Dixit

How Blackstone is helping to build India’s next generation of global companies

Opportunities for industry leaders as new travelers take to the skies

Opportunities for industry leaders as new travelers take to the skies

logo

India Online Travel Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

India's Online Travel Market Report is Segmented by Service Type (transportation, Travel Accommodation, Vacation Packages, and Others), by Booking Type (online Travel Agencies, Direct Travel Suppliers), by Platform (desktop, Mobile) and by Tour Type (Independent Traveller, Tour Group, Package Traveller). the Market Size and Forecasts for the India Online Travel Market are Provided in Terms of Value (USD) for all the Above Segments.

  • India Online Travel Market Size

India Online Travel Market Summary

Need a report that reflects how COVID-19 has impacted this market and its growth?

India Online Travel Market Analysis

The India Online Travel Market size is estimated at USD 17.24 billion in 2024, and is expected to reach USD 28.40 billion by 2029, growing at a CAGR of 10.5% during the forecast period (2024-2029).

India's online travel industry was hit hard by COVID-19. However, long-term growth fundamentals were intact. The pandemic was a major challenge, but it was also an acquisition opportunity for stronger players as the industry consolidated. Domestic tourism, on the other hand, is expected to pick up faster, with plenty of pent-up demand to support a relatively quick recovery. Indian travel firms have reportedly seen a 25%-30% increase in bookings, both for air travel and accommodations, for the Christmas and New Year holidays.

Mobile apps have become a significant channel for travel bookings. Many of the leading travel companies in India have developed user-friendly mobile apps, allowing travelers to book tickets and accommodations on the go.

The online travel industry in India is highly competitive and features several prominent players, including MakeMyTrip, Yatra, Cleartrip, Goibibo, and Booking.com, among others. These companies offer a variety of services, including flight and hotel bookings, holiday packages, car rentals, and more.

  • India Online Travel Market Trends

Growth of the Tourism Industry in India is Driving the Market

The travel and tourism industry in India was the seventh-largest contributor to the country's GDP according to a new report by the World Travel and Tourism Council (WTTC). India's economic growth has been among the highest in the world in the past decade. Positive developments on the economic front should contribute to propelling the country's tourism industry as an increasing number of Indians with rising disposable incomes make a greater number of domestic and international trips.

Players looking to capitalize on growing inbound and outbound international trips from India include MakeMyTrip, which announced its plans to expand into the UAE, and EaseMyTrip, which is expanding its international footprint, particularly in international cities where Indians travel the most. With an expanded international presence, EaseMyTrip expects to provide better service to their customers as well as better rates on local hotels and restaurants that are reluctant to work with companies outside their home countries.

India Online Travel Market : Number Of Domestic Tourist Visits, By Leading State, India, 2021

Increasing trend of YOLO and desire for education in international universities will boost the market.

Since March 2020, all of us have faced several losses and challenges. The COVID-19 epidemic left the entire world in a state of lockdown, affecting businesses and households in general. As the world looked forward to a new dawn in 2021, the effects looked slightly different than last time.

According to Ministry of External Affairs (MMEA) data, a significant drop in scholars studying overseas has been observed. Around 2.6 lakh scholars went abroad in 2020, compared to 5.9 lakh scholars in 2019. In 2021 (until February 28, 2021), an estimated 7,699 Indians studied abroad. According to another report, as the number of Indian scholars completing advanced education abroad increases year after year, their overseas spending is expected to increase from USD 28 billion to USD 80 billion by 2024.

India Online Travel Market : Number of Indian Students Studying Abroad, in 1000s, 2019-2022

India Online Travel Industry Overview

The report covers major international players operating in the Indian online travel market. In terms of market share, a few of the major players currently dominate the market. However, with technological advancement and product innovation, midsize to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

India Online Travel Market Leaders

Booking.com

*Disclaimer: Major Players sorted in no particular order

Via.com, Booking.com, MakeMyTrip, Yatra, Expedia

India Online Travel Market News

  • August 2023: Skyscanner launched its Hindi language experience across all its products and services to penetrate deeper into the Indian market. Skyscanner acts as a one-stop solution for travelers looking to compare ticket fares, hotel tariffs, and intra-city commutes by curating data from its partner Online Travel Agent (OTA) sites.
  • August 2023: MakeMyTrip long with the Ministry of tourism has launched a unique Travellers' Map of India that showcases 600 plus destinations beyond the popular travel spots in the country.

India's Online Travel Market Report - Table of Contents

1. INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Industry Value Chain Analysis

4.5 Porter's Five Forces Analysis

4.5.1 Threat of New Entrants

4.5.2 Bargaining Power of Buyers/Consumers

4.5.3 Bargaining Power of Suppliers

4.5.4 Threat of Substitute Products

4.5.5 Intensity of Competitive Rivalry

4.6 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

5.1 Service Type

5.1.1 Transportation

5.1.2 Travel Accommodation

5.1.3 Vacation Packages

5.1.4 Other Service Types

5.2 Booking Type

5.2.1 Online Travel Agencies

5.2.2 Direct Travel Suppliers

5.3 Platform

5.3.1 Desktop

5.3.2 Mobile

5.4 By Tour Type

5.4.1 Independent Traveller

5.4.2 Tour Group

5.4.3 Package Traveller

6. COMPETITIVE LANDSCAPE

6.1 Market Concentration Overview

6.2 Company Profiles

6.2.1 Via.com

6.2.2 Booking.com

6.2.3 MakeMyTrip

6.2.4 Yatra

6.2.5 Cleartrip

6.2.6 EaseMyTrip

6.2.7 Expedia

6.2.8 Thomas Cook Ltd.

6.2.9 Cox & Kings Ltd.

6.2.10 Oyo Rooms

6.2.11 ixigo

  • *List Not Exhaustive

7. FUTURE OF THE MARKET

8. DISCLAIMER

India Online Travel Industry Segmentation

The online travel market consists of sales of travel services through online channels. Online travel agents or agencies are individuals or companies with websites allowing consumers to book travel-related services via the Internet. A complete background analysis of the market, including the analysis of market size and forecast, market shares, industry trends, growth drivers, and vendors, is provided. Additionally, the report features qualitative and quantitative assessments by analyzing the data gathered from industry analysts and market participants across key points in the industry's value chain.

India's Online Travel Market Report is segmented by service type (transportation, travel accommodation, vacation packages, and others), by booking type (online travel agencies, direct travel suppliers), by platform (desktop, mobile) and By Tour Type (Independent Traveller, Tour Group, Package Traveller). The market size and forecasts for the India Online Travel Market are provided in terms of value (USD) for all the above segments.

India's Online Travel Market Research FAQs

How big is the india online travel market.

The India Online Travel Market size is expected to reach USD 17.24 billion in 2024 and grow at a CAGR of 10.5% to reach USD 28.40 billion by 2029.

What is the current India Online Travel Market size?

In 2024, the India Online Travel Market size is expected to reach USD 17.24 billion.

Who are the key players in India Online Travel Market?

Via.com, Booking.com, MakeMyTrip, Yatra and Expedia are the major companies operating in the India Online Travel Market.

What years does this India Online Travel Market cover, and what was the market size in 2023?

In 2023, the India Online Travel Market size was estimated at USD 15.60 billion. The report covers the India Online Travel Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Online Travel Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Our Best Selling Reports

  • Battery Management System Market
  • Crypto Asset Management Market
  • Pharmacy Automation Market
  • Peptide Therapeutics Market
  • Offshore Wind Turbine Market
  • Controlled Release Fertilizer Market
  • Battery Recycling Market
  • Shale Gas Market
  • Uganda Agriculture Market
  • Inventory Tags Market

India's Online Travel Industry Report

Statistics for the 2024 India Online Travel market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Online Travel analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

India Online Travel Market Report Snapshots

  • India Online Travel Market Share
  • India Online Travel Companies
  • India Online Travel News

Please enter a valid email id!

Please enter a valid message!

download-sample-pdf-icon

India Online Travel Market Get a free sample of this report

Please enter your name

Business Email

Please enter a valid email

Please enter your phone number

Get this Data in a Free Sample of the India Online Travel Market Report

Please enter your requirement

sucess-icon

Thank you for choosing us for your research needs! A confirmation has been sent to your email. Rest assured, your report will be delivered to your inbox within the next 72 hours. A member of our dedicated Client Success Team will proactively reach out to guide and assist you. We appreciate your trust and are committed to delivering precise and valuable research insights.

Please be sure to check your spam folder too.

Sorry! Payment Failed. Please check with your bank for further details.

Add Citation APA MLA Chicago

➜ Embed Code X

Get Embed Code

Want to use this image? X

Please copy & paste this embed code onto your site:

Images must be attributed to Mordor Intelligence. Learn more

About The Embed Code X

Mordor Intelligence's images may only be used with attribution back to Mordor Intelligence. Using the Mordor Intelligence's embed code renders the image with an attribution line that satisfies this requirement.

In addition, by using the embed code, you reduce the load on your web server, because the image will be hosted on the same worldwide content delivery network Mordor Intelligence uses instead of your web server.

Business Wire

India Travel & Tourism Market has valued at USD 18.92 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 13.45% through 2029.

The India Travel & Tourism market is a vibrant and diverse sector that plays a significant role in the country's economy. India's rich cultural heritage, diverse landscapes, historical monuments, and unique experiences attract travelers from around the world.

India's travel and tourism industry continues to thrive, offering a diverse range of experiences that cater to both domestic and international travelers. With a rich cultural heritage, natural beauty, and historical landmarks, India has become a sought-after destination for those seeking adventure, spirituality, and culinary delights.

The North region of India, with its iconic cities like Delhi, Agra, and Jaipur, stands out as a cultural and historical hub. UNESCO World Heritage Sites such as the Taj Mahal and Amer Fort, along with spiritual centers like Varanasi and Rishikesh, attract visitors from all over the world. The region's diverse landscapes also make it a hotspot for adventure tourism, with opportunities for trekking, mountaineering, and rafting in the Himalayas.

Food enthusiasts are drawn to the North region's flavorful cuisine, which includes kebabs, biryanis, and an array of sweets. Travelers can explore local markets and street food stalls to savor these culinary delights.

The North region is not only a place of cultural and historical significance but also a gateway to the majestic Himalayas. Its well-developed infrastructure and connectivity make it easy for tourists to access various destinations within the region.

As India's travel and tourism market continues to grow, it is important to address challenges such as infrastructure deficiencies, regulatory hurdles, and seasonality. Sustainable and responsible tourism practices are on the rise, with travelers seeking eco-friendly accommodations and experiences that minimize their impact on the environment.

The adoption of digital technology, including online booking platforms and contactless travel, has transformed the way travelers plan and experience their journeys. This digital transformation has enhanced convenience and efficiency, making travel more accessible and enjoyable.

Overall, India's travel and tourism sector hold immense potential for further growth. With ongoing government initiatives, infrastructure development, and a focus on sustainability, India is poised to regain its position as a top global travel destination as international travel resumes post-pandemic. Travelers can look forward to discovering the diverse and captivating landscapes, cultures, and experiences that India has to offer.

Key Attributes:

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India travel & tourism market.

  • Makemytrip Pvt. Ltd.
  • Thomas Cook Ltd.
  • Country Holidays Inn & Suites Pvt Ltd
  • Yatra Online Limited
  • Riya Travel And Tours (India) Private Limited
  • Cox & Kings Limited
  • Cleartrip Private Limited
  • Ibibo Group Private Limited
  • Le Travenues Technology Pvt. Ltd. (Ixigo)
  • Sotc Travel Services Private Limited

Report Scope:

India Travel & Tourism Market, By Type:

India Travel & Tourism Market, By Service Offering:

  • Ticket Reservation
  • Hotel Booking
  • Holiday/Tour Packages

India Travel & Tourism Market, By Purpose of Visit:

  • Leisure & Recreation
  • Social Activity

India Travel & Tourism Market, By Booking Type:

  • Travel Companies
  • Travel Agencies

India Travel & Tourism Market, By Region:

For more information about this report visit https://www.researchandmarkets.com/r/8pp8b5

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

india travel market

Official Website of the International Trade Administration

Official websites use .gov A .gov website belongs to an official government organization in the United States.

Secure Website

Secure .gov websites use HTTPS A lock ( A locked padlock ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

  • Search ITA Search

India Travel and Tourism

Visitor statistics from india:.

The number of Indians visiting the United States increased by 190 percent from 2021 to 2022, according to data from the U.S. Department of Commerce’s National Travel & Tourism Office (NTTO). According to NTTO statistics, a total of 1,256,915 Indians traveled to the United States, making India the 6th largest market for arrivals. The total value of U.S. tourism exports to India stood at $13.3 billion in 2022.

With the number of visitations to the United States increasing year-on-year, industry sources forecast that India will surpass its pre-Covid visitation levels to reach 1,556,000 travelers by 2024.

Current Trends in Travel:

India has witnessed a significant rise in outbound tourism to various international destinations, including the United States. With its rapidly growing younger and more educated population, combined with a burgeoning middle class and increasing amounts of disposable income, India is the second fastest growing outbound travel market in the world, second only to China.

One of the key features of India’s population is its young demographic composition, which will continue to drive outbound travel in the coming years. The 15-54 age group (47 percent of the total population) is the fastest growing age segment and is expected to represent 60 percent and 56 percent of the country’s total population by the year 2025 and 2050, respectively.

Student Travelers:

According to the Open Doors Report released in November 2022, nearly 200,000 Indian students chose the United States as their higher education destination in the 2021-22 academic year, a 19 percent increase over the previous year.   Of the over one million foreign students studying in the United States, one in five are Indian.

With an increasing number of students choosing the United States as their study destination, direct and indirect destination tourism in the form of student and family travel is a segment that is expected to see growth.

Repeat Travelers:

Among Indian travelers who currently have a U.S. visa, a high number are repeat travelers to the United States, and second- and third-time travelers demand new destinations and experiences.  Interest in niche tourism sectors such as medical, wellness, or adventure tourism is growing.  According to the U.S. Travel Association’s 2019 report, top activities that Indian visitors to the United States seek include shopping, sightseeing, national parks, art galleries/museums, fine dining, small towns, and historical locations while adventure, visiting friends and family, shopping, food and cuisine, and connecting with nature were the top incentivizing factors for Indians to visit the United States.  These interests align well with off-the-beaten path locations and activities in the United States that will appeal to the repeat traveler who has already seen the more well-known destinations (e.g., New York City, California, Hawaii, Washington DC, etc.).

Niche and Luxury Travelers:

One of the key segments being targeted by destinations and tourism stakeholders as they look at India for revival of tourism is luxury travel. In 2021, pleasure travelers accounted for nearly 52 percent of total Indian travelers to the United States, which is higher than the category of student travel. Many of these travelers are high-net-worth individuals (HNIs) whose preference appears to be wellness resorts and villa staycations in the most stunning and exclusive locations.  Data shows that the average Indian visitor to the United States spends $5,200, among the highest of all international visitors.

MICE Travelers:

India is poised to be the world’s fastest growing outbound MICE tourism market, expected to exceed $45 billion by 2025. It is the largest source market for Dubai and Singapore. The United States is one of the most aspirational destinations for MICE travelers who have the potential to become major spenders.

Opportunities and Way Forward:

The U.S. Travel and Tourism industry offers a number of opportunities to Indian travelers in terms of diverse tourist offerings: i.e., tourism to iconic landmarks, vibrant cities, natural wonders, cultural experiences, educational exchanges, as well as advanced healthcare facilities that attract medical and wellness tourism.

While there are currently long wait times for obtaining a first time B1/B2 visa, the U.S. Embassy and Consulates have taken several steps to streamline the visa application process and reduce wait times for Indian travelers. Initiatives such as the interview waiver program and the global entry program have been implemented to facilitate smoother travel for eligible individuals.  In addition, there are currently over 3 million Indians who have a valid 10-year U.S. visa and constitute a major share of repeat travelers.

For more information about U.S. travel and opportunities from India, please contact the nearest U.S. office  or one of our U.S. Commercial Service India offices. 

  • Screen Reader
  • Skip to main content
  • Text Size A
  • Language: English

Case Studies

  • EXIM Procedure

Media & Events

  • Image Gallery
  • Media Coverage

Other Links

  • GI of India
  • Experience India
  • Indian Trend Fair 2022

India Organic Biofach 2022

Gulfood dubai 2023, tourism and hospitality, tourism & hospitality industry in india, the tourism sector is projected to contribute us$ 250 billion to the country’s gdp by 2030, generating employment for 137 million individuals., advantage india, robust demand.

* The Medical Tourism sector is predicted to increase at a CAGR of 21.1% from 2020-27.

* The travel market in India is projected to reach US$ 125 billion by FY27 from an estimated US$ 75 billion in FY20.

* International tourist arrivals are expected to reach 30.5 million by 2028.

* According to WTTC, over the next decade, India’s Travel & Tourism’s GDP is expected to grow at an average of 7.8% annually.

Robust Demand

Attractive Opportunities

* India is geographically diverse and offers a variety of cultures that come with its own experiences, making it one of the leading countries in terms of international tourism expenditure.

* Travel and tourism are two of the largest industries in India, with a total contribution of about US$ 178 billion to the country’s GDP.

* The country’s big coastline is dotted with attractive beaches.

Attractive Opportunities

Policy support

* US$ 2.1 billion is allocated to Ministry of Tourism in budget 2023-24 as the sector holds huge opportunities for jobs and entrepreneurship for youth. Rs. 2,400 crore (US$ 289.89 million) allocated to the Ministry of Tourism as the sector holds huge opportunities for jobs and entrepreneurship for youth.

* Under the Union Budget 2023-24, an outlay of US$ 170.85 million has been allocated for the Swadesh Darshan Scheme.

* 68 destinations/sites have been identified in 30 States/UTs for development under the PRASHAD Scheme as on March 31, 2022.

Policy Support

Diverse Attractions

* According to WTTC, the contribution of India's travel and tourism sector to India's economy was worth Rs. 15.9 trillion (US$ 191.25 billion) in 2022.

Diverse Attractions

Tourism and Hospitality Industry Report

Introduction.

With a total area of 3,287,263 sq. km extending from the snow-covered Himalayan heights to the tropical rain forests of the south, India has a rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country. This provides a significant opportunity to fully exploit the potential of the tourism sector.

India being one the most popular travel destinations across the globe has resulted in the Indian tourism and hospitality industry emerging as one of the key drivers of growth among the services sector in India. The tourism industry in India has significant potential considering that Tourism is an important source of foreign exchange in India similar to many other countries.

It is widely acknowledged that the tourist and hospitality sector, which encompasses travel and hospitality services like hotels and restaurants, is a development agent, a catalyst for socioeconomic growth, and a significant source of foreign exchange gains in many countries. India's rich and exquisite history, culture, and diversity are showcased through tourism while also providing significant economic benefits. The consistent efforts of the central and state governments have helped the tourism industry to recover from the COVID-19 pandemic shock and operate at the pre-pandemic level.

tourism and hospitality industry

Market Size

According to WTTC, India is ranked 10th among 185 countries in terms of travel & tourism’s total contribution to GDP in 2019. According to WTTC, the contribution of India's travel and tourism sector to India's economy was worth Rs. 15.9 trillion (US$ 191.25 billion) in 2022.

According to WTTC, over the next decade, India’s Travel & Tourism GDP is expected to grow at an average of 7.8% annually. In 2020, the Indian tourism sector accounted for 39 million jobs, which was 8% of the total employment in the country.

In 2021, the travel & tourism industry’s contribution to the GDP was US$ 178 billion; this is expected to reach US$ 512 billion by 2028. By 2029, it is expected to account for about 53 million jobs. In India, the industry’s direct contribution to the GDP is expected to record an annual growth rate of 7-9% between 2019 and 2030.

The travel market in India is projected to reach US$ 125 billion by FY27 from an estimated US$ 75 billion in FY20. The Indian airline travel market was estimated at ~US$ 20 billion and is projected to double in size by FY27 due to improving airport infrastructure and growing access to passports. The Indian hotel market including domestic, inbound and outbound was estimated at ~US$ 32 billion in FY20 and is expected to reach ~US$ 52 billion by FY27, driven by the surging demand from travellers and sustained efforts of travel agents to boost the market.

Contribution of travel and tourism to GDP

By 2028, international tourist arrivals are expected to reach 30.5 billion and generate revenue of over US$ 59 billion. However, domestic tourists are expected to drive the growth, post-pandemic. International hotel chains are increasing their presence in the country, and they will account for around 47% share of the tourism and hospitality sector of India by 2020 and 50% by 2022.

As per the Ministry of Tourism, Foreign Tourist Arrivals (FTAs) in October 2023 were 8,11,411. FTAs during the period January-October 2023 were 72,43,680 as compared to 46,55,160 in January-October 2022.

The percentage share of Foreign Tourist Arrivals in India during October 2023 among the top 5 ports was highest at Delhi Airport (34.74%) followed by Mumbai Airport (14.75%), Haridaspur Land Check Post (9.03%), Chennai Airport (7.05%), Bengaluru Airport (5.71%). FTAs during the period January-September 2023 were 6.43 million.

The percentage share of Foreign Tourist Arrivals in India during October 2023 among the top 5 source countries was highest from Bangladesh (21.41%), followed by USA (15.65%), UK (11.27%), Australia (4.38%) and Canada (3.81%).

In 2023-24* (January-October), 24.97% of foreign tourists visited for Indian Diaspora which marks 72,43,680 foreigners.

FEE during the period January-October 2023 were US$ 22.32 billion.

Domestic visitor spending increased by 20.4% in 2022, only 14.1% below 2019. International visitor spending rose by 81.9% in 2022, but still 40.4% behind 2019 numbers.

Cumulative FDI equity inflow in the Hotel and Tourism industry is US$ 17.29 billion during the period April 2000-September 2023. This constitutes 2.60% of the total FDI inflow received across sectors.

Investments/Developments

  • In December 2023, IHCL expanded its presence in Maharashtra as it signed a hotel in Bandra, Mumbai. The Brownfield project will be branded an IHCL- SeleQtions hotel.
  • In December 2023, TAJ won the ‘World’s finest luxury grand palaces’ award at the ‘101 Best Executive Summit’ in Germany.
  • In November 2023, Indian Hotels Company (IHCL) announced the opening of Ginger Mumbai, Airport. The 371 Keys flagship Ginger hotel, strategically located near the domestic airport will introduce the brand’s lean luxe design and service philosophy of offering a vibrant, contemporary, and seamless hospitality experience to its guests.
  • In September 2023, Mahindra Holidays & Resorts (MHRIL) signed an MOU with the Government of Uttarakhand (UK) to invest Rs. 1,000 crore (US$ 120.16 million) and build 4-5 large marquee resorts over the next few years in Uttarakhand.
  • An investment of Rs. 2,400 crore (US$ 289.89 million) was allocated to the Ministry of Tourism as the sector holds huge opportunities for jobs and entrepreneurship for youth.
  • An investment-linked deduction under Section 35 AD of the Income Tax Act is in place for establishing new hotels under the 2-star category and above across India, thus permitting a 100% deduction in respect of the whole or any expenditure of capital nature.
  • In 2019, the Government reduced GST on hotel rooms with tariffs of Rs. 1,001 (US$ 14.32) to Rs. 7,500 (US$ 107.31) per night to 12% and those above Rs. 7,501 (US$ 107.32) to 18% to increase India’s competitiveness as a tourism destination.
  • In Union Budget 2023-24, US$ 290.64 million was allocated to the Ministry of Tourism as the sector holds huge opportunities for jobs and entrepreneurship for youth in particular and to take the promotion of tourism on mission mode, with the active participation of states, the convergence of government programmes and public-private partnerships.
  • An app will be developed covering all relevant aspects of tourism. States will be encouraged to set up Unity Malls in State Capital as the most prominent tourism centres to promote One District One Product, GI products, handicrafts and products of other States.
  • In 2021, Government of India announced 40,000 e-tourist visas out of 500,000 free regular visas to the tourist, to ensure a geographical spread of the incentive to important source markets globally.
  • Government of India has set a target to create 220 new airports by 2025.
  • The Emergency Credit Line Guarantee Scheme (ECLGS) covered through a liberal definition of MSME (micro small and medium enterprises) has been expanded to include tourism and hospitality stakeholders. Infrastructure status has been granted to exhibition-cum-convention centres.
  • A separate liquidity window of Rs. 15,000 crore (US$ 1.8 billion) has been released for the sector.
  • A total of 48,775 accommodation units (both classified and unclassified) have been registered on the National Integrated Database of Hospitality Industry (NIDHI) portal and 11,220 units have self-certified for SAATHI standards in September 2022.
  • In October 2022, Indian Hotels Company (IHCL) announced the launch of its new Indian-concept restaurant brand, Loya. Debuting at Taj Palace, New Delhi, Loya captures the culinary essence traversing the landscape of North India.
  • Hospitality unicorn OYO has acquired Europe-based vacation rental company Direct Booker for US$ 5.5 million in May 2022.
  • Accor, a French hospitality major will expand its India's portfolio by adding nine additional hotels in the mid-scale and economy categories, bringing the total number of hotels 54 in India.
  • The Medical Tourism sector is expected to increase at a CAGR of 21.1% from 2020-2027.
  • India was globally the third largest in terms of investment in travel and tourism with an inflow of US$ 45.7 billion in 2018, accounting for 5.9% of the total investment in the country.
  • Indian government has estimated that India would emerge with a market size of 1.2 million cruise visitors by 2030-31. Dream Hotel Group plans to invest around US$300 million in the next 3-5 years for the development of the cruise sector in India.
  • India is the most digitally advanced traveller nation in terms of digital tools being used for planning, booking, and experiencing a journey. India’s rising middle class and increasing disposable income has supported the growth of domestic and outbound tourism.
  • The United Nations World Tourism Organisation selected Pochampally in Telangana as one of the best tourism villages in November 2021.

Government Initiatives

The Indian Government has realised the country’s potential in the tourism industry and has taken several steps to make India a global tourism hub. Some of the major initiatives planned by the Government of India to boost the tourism and hospitality sector of India are as follows:

In the Union Budget 2023-24, US$ 290.4 million has been allocated to the Ministry of Tourism. Under the Union Budget 2023-24, an outlay of US$ 170.85 million has been allocated for the Swadesh Darshan Scheme to develop a complete package of 50 tourist destinations for providing a wholesome tourism experience by facilitating physical, digital and virtual connectivity, availability of tourist guides and tourist security.

Ministry of Tourism has sanctioned 76 projects under the scheme since its inception under 13 themes for a revised sanctioned cost of US$ 668.95 million and has released US$ 534.9 million (till December 31, 2021).

Under Budget 2023-24, the Government has allocated US$ 30.25 million for the development of tourist circuits under PRASHAD. Since its launch in January 2015 and Ministry has sanctioned 37 projects in 24 states with estimated expenditure of US$ 146.4 million and a cumulative amount of US$ 91.6 million has been released for these projects. 68 destinations/sites have been identified in 30 States/UTs for development under the PRASHAD Scheme as on March 31, 2022.

Ministry of Tourism has partnered with the Quality Council of India (QCI), to assist the Hospitality Industry in their preparedness to continue operations safely and mitigate risks arising out of the COVID-19 pandemic through an initiative called SAATHI (System for Assessment, Awareness and Training for Hospitality Industry). A hotel/unit goes through the SAATHI framework and agrees to fully follow the requirements wherever applicable possible, and a self-certification is issued. Self-certified Hotel/units attend webinars to clarify doubts through live interactions. If Hotel/unit desires, they may undertake site-assessment based on SAATHI framework through QCI accredited agencies and an assessment report with opportunities for improvement is shared with the assessed unit.

Under this Loan Guarantee Scheme for Covid Affected Tourism Service Sector (LGSCATSS), loan upto US$ 12,110 will be extended to each Tour Operators/ Travel Agents/ Tourist Transport Operators approved/recognized by the Ministry of Tourism.

Guarantees for Skill Development Loans by the member banks of IBA up to Rs. 1.5 lakh (US$ 1,801) extended by lending institutions to eligible borrowers without collateral or third-party guarantee.

  • Visa reforms include a significantly expanded Golden Visa scheme, a five-year Green residency and new entry permits, including one for job seekers. The new system also offers additional benefits to sponsor family members
  • To ease travels for international tourists, the Government of India has launched a scheme wherein five lakh tourists will get free visas.
  • In August 2022, Ministry of Tourism sanctioned 76 projects for Rs. 5,399.15 crore (US$ 678.39 million) under Swadesh Darshan Scheme for development of tourism infrastructure in the country.
  • In June 2022, the Ministry of Tourism along with Associations of Indian Universities (AIU) initiated a 12 episode webinar series under ‘Azadi Ka Amrut Mahotsav’ (AKAM) to engage and expose young minds of our country to the rich and diverse heritage of the country.
  • Till the end of September 2022, a total of 155 Dekho Apna Desh webinars have been organized by Ministry of Tourism.
  • The Ministry of Tourism has launched the National Strategy for Sustainable Tourism and Responsible Traveller Campaign in June 2022.
  • From November 15, 2021, India allowed fully vaccinated foreign tourists to visit India, which in turn will help revive the Indian travel and hospitality sector.
  • In November 2021, the Ministry of Tourism signed a Memorandum of Understanding (MoU) with Indian Railway Catering and Tourism Corporation to strengthen hospitality and tourism industry. The ministry has also signed a MoU with Easy My Trip, Cleartrip, Yatra.com, Make My Trip and Goibibo.
  • In November 2021, the Indian government planned a conference to boost film tourism in the country with an aim to establish domestic spots as preferred filming destinations. This move is expected to create jobs and boost tourism in the country.
  • In September 2021, the government launched NIDHI 2.0 (National Integrated Database of Hospitality Industry) scheme which will maintain a database of hospitality sector components such as accommodation units, travel agents, tour operators, & others. NIDHI 2.0 will facilitate the digitalisation of the tourism sector by encouraging all hotels to register themselves on the platform.
  • Government is planning to boost the tourism in India by leveraging on the lighthouses in the country. 71 lighthouses have been identified for development as tourist spots.
  • The Ministry of Road Transport and Highways has introduced a new scheme called ‘All India Tourist Vehicles Authorisation and Permit Rules, 2021’, in which a tourist vehicle operator can register online for All India Tourist Authorisation/Permit. This permit will be issued within 30 days of submitting the application.
  • The Indian Railway Catering and Tourism Corporation (IRCTC) runs a series of Bharat Darshan tourist trains aimed at taking people to various pilgrimages across the country.
  • During 2019-20, an additional fund Rs. 1,854.67 crore (US$ 269.22 million) was sanctioned for new projects under the Swadesh Darshan scheme.
  • Ministry of Tourism sanctioned 18 projects covering all the North Eastern States for Rs. 1,456 crore (US$ 211.35 million) to develop and promote of tourism in the region under Swadesh Darshan and PRASHAD schemes.
  • Statue of Sardar Vallabhbhai Patel, also known as ‘State of Unity’, was inaugurated in October 2018 and the total revenue generated till November 2019 stood at Rs. 82.51 crore (US$ 11.81 million).

State Government Initiatives

  • In Jammu and Kashmir, in April 2021, a mega tourism promotion event “Tapping the Potential of Kashmir: Another Day in Paradise” was organised in Srinagar. The event aimed to showcase the myriad tourism products of Jammu & Kashmir and promote tourism in the region as the destination for leisure, adventure, eco, wedding, films and MICE tourism steps have been taken by the government to provide better facilities to the old.
  • The strategy of Uttarakhand Tourism is to identify key originating regions and tourist segments, which would then be the focus of marketing campaigns.
  • Madhya Pradesh tourism board has opened the door for private investment within the state by providing all the aid and facilities to the investors.
  • The AP Tourism Development Corporation (APTDC) plans to establish 100 kiosks across the state in the first phase, providing employment opportunities to the youth.
  • In October 2021, the Tripura government collaborated with Infovalley Educational & Research (P) Ltd. as part of a public-private partnership (PPP) to run the State Institute of Hotel Management (SIHM). Through the SIHM, the government aims to empower the youth and contribute to the growth of hotels and hospitality management in the state.
  • The Ministry of Tourism sanctioned three projects for a total amount of Rs. 179.68 crore (US$ 24.24 million) under the Swadesh Darshan scheme in Gujarat. The Ministry of Tourism has approved 16 projects for over Rs. 1,300 crore (US$ 171.2 million) in India's North East under the “Swadesh Darshan” Scheme.
  • In July 2021, the Tamil Nadu state government decided to implement an integrated mega tourism plan, which included new lighting arrangements for the Thiruvalluvar statue at Kanyakumari, starting renovations at Poompuhar tourist spot and improving roads leading to tourist spots, spiritual places and adventure tourism spots. It also includes unveiling a new tourism policy, establishing more hotels, resorts, and convention centres and increasing contribution of public and private sectors in the tourism sector.
  • In July 2021, Andhra Pradesh Tourism Authority urged stakeholders in the tourism sector in the state to register with the Andhra Pradesh Tourism under the Tourism Trade Registration and Facilitation Guidelines 2020.
  • Jharkhand Tourism Policy Offers Attractive Incentives and Opportunities for Investors.
  • Nagaland Launches Initiatives to Promote Off-Road Tourism

Staycation is seen as an emerging trend were people stay at luxurious hotels to revive themselves of stress in a peaceful getaway. To cater to such needs, major hotel chains such as Marriott International, IHG Hotels & Resorts and Oberoi hotels are introducing staycation offers were guests can choose from a host of curated experiences, within the hotel. India’s travel and tourism industry has huge growth potential. The industry is also looking forward to the expansion of e-Visa scheme, which is expected to double the tourist inflow in India. India's travel and tourism industry has the potential to expand by 2.5% on the back of higher budgetary allocation and low-cost healthcare facility according to a joint study conducted by Assocham and Yes Bank.

It is irrefutable that the tourist industry is becoming a more significant economic force and has the potential to be used as a tool for development. The tourist industry not only drives growth, but it also raises people's standards of living with its ability to provide significant amount of diverse employment opportunities. It promotes environmental preservation, champions diverse cultural heritage, and bolsters international peace. By 2028, Indian tourism and hospitality is expected to earn US$ 50.9 billion as visitor exports compared with US$ 28.9 billion in 2018.

India's travel and tourism industry

Note: *in US$ terms

Note: Conversion rate used in November 2023, Rs. 1 = US$ 0.012

References: Media Reports, Ministry of Tourism, Press Releases, Department for Promotion of Industry and Internal Trade (DPIIT), Press Information Bureau (PIB), Union Budget 2023-24, Economic Survey 2022-23

Related News

The Indian Staffing Federation reports 3.6% growth in the staffing industry during Q3 FY24, driven by demand for a flexible workforce across key sectors like e-commerce, retail, and manufacturing.

Indian enthusiasm for global sports peaks as bookings rise 25-30%, reflecting rising incomes and youthful zeal, signalling a vibrant economy and aspirational culture.

India's hospitality sector experienced a notable increase in investment in fiscal year 2023, reaching an unprecedented US$ 401 million.

Retail brands are expanding into religious cities to cater to growing tourism, offering tailored experiences for pilgrims' needs.

Digi Yatra app surpasses 45.8 lakh users, transforming air travel with contactless experiences and rapid adoption.

States with Largest Domestic Tourist Arrivals in 2021

  • Uttar Pradesh
  • Andhra Pradesh
  • Maharashtra

Tourist Spots in India

Industry Contacts

  • Department of Tourism
  • Palace on Wheels
  • Hotel Association of India
  • Federation of Hotel and Restaurant Associations of India

ANCIENT AND RICH

ANCIENT AND RICH

Approximately 8000 years old, India is the world's oldest surviving civilsation.

IBEF Campaigns

Gulfood Dubai 2023

APEDA India Pavilion Gulfood February 20th-26th, 2022 | World Trade Centre,...

India Organic Biofach 2022

Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nuremberg, ...

Promoting Indigenous Start-ups: Case Study of Investor Interest in Small-town Start-ups

Promoting Indigenous Start-ups: Case Study of Investor Interest in Small-town Start-ups

As urban markets become saturated, investors are turning their gaze towards the untapped potential of small-town innovation, driven by a desire to fos...

India's White Revolution

India's White Revolution

The "White Revolution" in India refers to the successful implementation of Operation Flood, a dairy development program launched on January ...

The Growth of Ayurveda in India

The Growth of Ayurveda in India

Ayurveda, an ancient health system originating from India, has a longstanding history. It revolves around using plants and herbs to maintain health an...

India's Solar Power Revolution

India's Solar Power Revolution

India is leading the renewable energy revolution, with a strategic emphasis...

Empowering MSMEs: Fintech Solutions for Small Businesses in India

Empowering MSMEs: Fintech Solutions for Small Businesses in India

Micro, small, and medium enterprises (MSMEs) are the backbone of the Indian...

Unlocking India's Digital SME Credit Gap and Economic Potential

Unlocking India's Digital SME Credit Gap and Economic Potential

The Indian economy thrives on the contributions of the Micro, Small, and Me...

Swatch Bharat

Not a member

We have updated our terms and conditions and privacy policy Click "Continue" to accept and continue with ET TravelWorld

We use cookies to ensure best experience for you

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalize content and targeted ads, analyze site traffic, and understand where our audience is coming from. You can also read our privacy policy , We use cookies to ensure the best experience for you on our website.

By choosing I accept, or by continuing being on the website, you consent to our use of Cookies and Terms & Conditions .

  • Leaders Speak
  • Brand Solutions
  • India's travel and tourism sector poised for growth: Projected revenue to reach USD 23.72 bn by 2024

The total FDI inflows in India for the fiscal year 2023-2024 stand at a USD 17.96 billion, with USD 11.54 billion attributed to FDI equity. This announcement comes as the nation charts a course towards bolstering its tourism industry, positioning it as a major contributor to economic growth and job creation.

india travel market

  • Updated On Apr 16, 2024 at 01:37 PM IST

<p>India's travel and tourism sector poised for growth: Projected revenue to reach USD 23.72 bn by 2024</p>

New York City expects 65 million visitors this year with over 3.8 lakh visitors from India

New York City is home to the world’s busiest airport system and the number one port of entry for US international travellers. New York City welcomed a total 61.8 million travellers in 2023, marking a recovery of 93 per cent of the City’s record 2019 visitation levels. New York City welcomed 336,000 India travellers – marking full recovery of the market’s pre-pandemic visitation levels.

  • Published On Apr 16, 2024 at 01:36 PM IST

All Comments

By commenting, you agree to the Prohibited Content Policy

Find this Comment Offensive?

  • Foul Language
  • Inciting hatred against a certain community
  • Out of Context / Spam

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis., download ettravelworld app.

  • Get Realtime updates
  • Save your favourite articles

india travel market

  • tourism sector growth
  • India travel market
  • FDI in tourism
  • Prime Minister Narendra Modi
  • tourism industry projections
  • package holidays market
  • tourism infrastructure development
  • global tourism destination
  • tourism initiatives
  • India Brand Equity Foundation (IBEF)
  • fdi policy ,
  • taxation in india ,
  • major investors

Tourism & Hospitality

India ranks 6th according to wttc in terms of travel & tourism total contribution to gdp in 2022  .

Sector Expert Manas Prakash

  • ALL SECTORS
  • TOURISM & HOSPITALITY

Industry Scenario

Investible projects, major investors.

  • Infrastructure Map
  • Gallery/Latest News

Latest In Tourism & Hospitality

  • FAQs/Market Research

Invest India closely works with

Quick links, unlock the marvels of incredible india, powerhouse of tourism and hospitality.

Tourism and Hospitality, as one of India's largest service industries, plays an extraordinary role in driving the nation's growth and prosperity. 

The Tourism and Hospitality sector is an integral part of the Make in India initiative, serving as a vital economic catalyst that fuels job creation and rapid development. 

It acts as a stimulant for the growth of multi-use infrastructure, including world-class hotels, resorts, exquisite restaurants, efficient transportation networks (aviation, roads, shipping, and railways), and state-of-the-art healthcare facilities. 

India proudly boasts a tapestry of geographical diversity, encompassing awe-inspiring world heritage sites and niche tourism offerings such as captivating cruise tourism, exhilarating adventure tourism, renowned medical tourism, and mesmerizing eco-tourism. These unique offerings have resulted in an exponential increase in tourist arrivals, opening up vast employment opportunities. 

The recently announced 2023 Union Budget has firmly placed tourism as a key sector in the spotlight. The Ministry of Tourism, in its mission mode, is dedicated to promoting the industry through active participation from all States, the convergence of Government Programs, and the establishment of impactful Public-Private Partnerships. This visionary approach will facilitate comprehensive development in at least 50 selected destinations through a challenge mode process. 

Recognizing the importance of diversity and gender empowerment, the tourism industry stands as a leading employer of women. The government proactively collaborates with industry stakeholders to create a conducive work environment that fosters equal opportunities and celebrates the contributions of female employees. 

The Ministry of Tourism has also designated the Year 2023 as the 'Visit India' year, an invitation to the world to witness the splendor and magnificence that our nation has to offer. 

Embracing a progressive outlook, India welcomes 100% Foreign Direct Investment (FDI) in the tourism industry under the automatic route.  

Additionally, 100% FDI is permitted for tourism construction projects, including the development of exquisite hotels, resorts, and unparalleled recreational facilities. 

For comprehensive details, please refer to the FDI Policy, which highlights the investment opportunities and guidelines in the tourism sector. 

India's tourism industry stands as a beacon of boundless possibilities, with its rich heritage, cultural tapestry, and captivating destinations. We invite you to embark on an extraordinary journey of investment and partnership, where your vision aligns with the immense potential India holds

Foreign Tourist Arrivals (Jan-Dec 2023)

Domestic Tourist Visits to all States/UTs (2022)

Annual Growth Rate of FTAs in India (2022)

Foreign exchange earnings (FEE) from tourism (Jan-Dec 2023)

Share of India in International Tourism Receipts (ITRs) in World

6th in terms of Travel & Tourism total contribution to GDP, WTTC (2021)

2nd in terms of Travel & Tourism Employment, WTTC (2021)

54 th  on the World Economic Forum Travel & Tourism Development Index (2022)

  • FOREIGN INVESTMENT
  • INDUSTRY TRENDS
  • POLICIES & SCHEMES

Government of India envisions $56 Bn forex, creating around 140 Mn jobs in tourism by 2030 through inclusive growth and  particularly focusing on cruise tourism, ecotourism and adventure tourism.   

The Indian Tourism sector ranks among the fastest-growing economic sectors in the country. The industry significantly impacts employment and drives regional development, while also creating a multiplier effect on the performance of related industries.

By 2028, India's tourism and hospitality industry is projected to generate revenue of over $59 Bn. Additionally, Foreign Tourist Arrivals (FTAs) are anticipated to reach 30.5 Mn by 2028.

In light of India's G20 Presidency and the India@75 Azadi ka Amrit Mahotsav celebrations, the Ministry of Tourism has designated 2023 as the 'Visit India Year' to promote inbound travel.

The Honorable Prime Minister has envisioned a mission mode approach to develop tourism during Amrit Kaal, with a strategic roadmap for the next 25 years. The objective is to position India as the foremost travel destination globally by the time we celebrate India@100 in 2047, creating unparalleled appeal for visitors from around the world. 

Ministry of Tourism is planning to organize a Global Tourism Investors Summit along with Central Ministries and State/UT Governments to showcase opportunities for investment and trade. The event will allow global investors to explore Indian Tourism products and services.

Union Budget 2023 Highlights:

  • 50 tourist destinations will be selected through challenge mode to be developed as a whole package for domestic and international tourism
  • Sector-specific skilling and entrepreneurship development to be dovetailed to achieve the objectives of the ‘Dekho Apna Desh’ initiative
  • Tourism infrastructure and amenities to be facilitated in border villages through the Vibrant Villages Programme
  • Unity Malls to be set up in State Capitals or prominent tourist centres

GROWTH DRIVERS

Infrastructure development.

More than half of the Ministry of Tourism’s budget is channelised for funding the development of destinations, circuits, mega projects as well as rural tourism infrastructure projects.

Hotels & Accommodation

Revenue is projected at $7.66 Bn in 2023. CAGR of 8.29% between 2023-27. 61.3 Mn potential customers by 2027

Adventure Tourism

India has 70% of the Himalayas, a 7,000+ Km of coastline, ranks 10th in total area under forest cover, and is one of the three countries in the world with both hot and cold deserts.

Medical tourism

Medical tourism and wellness retreats attract 21% of international travelers, leveraging world-class healthcare facilities and traditional healing practices.

Cruise Tourism

Cruise passenger traffic expected to increase from 0.4 Mn to 4 Mn by 2032. Increase in economic potential from $110 Mn to $5.5 Bn.

Eco-Tourism

Expected to grow at 15.7% between 2019-27 & reach $4.55 Bn. India offers unique destinations, exploration of wildlife, and pristine undisturbed natural areas.

Meetings, Incentives, Conferences, and Exhibitions

The Indian MICE market has less than 1% share currently, but with initiatives such as ‘Meet in India’, National Advisory Council for Mice, India Mice Board, MICE Tourism is projected to double in next 5 years.

Entrepreneurial Opportunities

The tourism sector has 1,300+ DPIIT recognized startups.

arrow

Industrial Land Bank Portal

Gis - based map displaying available infrastructure for setting up business operations in the state., investment opportunities in tourism & hospitality.

PM Modi's address at the laying of the foundation stone of Maharaja Suheldev Memorial in UP

Latest News

Diversified conglomerate ITC, launches maiden overseas hotel venture …

Radisson Hotel Group expands portfolio with Svelte Delhi, to be opera…

British multinational hospitality company, IHG Hotels & Resorts and B…

Indian Hotels Company Limited (IHCL) plans INR 3,500 Cr capex over fi…

India's diversified entity ITC plans to open more hotels overseas

Year End Review 2023: Ministry of Tourism

Invest India and World Association of Investment Promotion Agencies (WAIPA) to host the 27th World Investment…

Tourism: An Enriching Journey Awaits

1st Global Tourism Investors' Summit

Monthly Tourism Statistics April 2023

Goa Roadmap for Tourism as a Vehicle for Achieving the Sustainable Development Goals

Ministry of Tourism to undertake a special initiative of “100 Episodes of Mann ki Baat – 100 days of Action…

Massive Investment Opportunities for both Start-ups and Conglomerates in the Tourism Industry

Ministry of Tourism organizes G20 Tourism Expo in Jaipur

Green Tourism: G20

Sagarmala Program Boosting Tourism Economy in Karnataka and Tamil Nadu

Shri G. Kishan Reddy launches ‘Best Tourism Village Competition Portal’, Global Tourism Investor Summit 2023…

Longest river cruise by Ganga Vilas to benefit local markets and help in providing employment in hinterland…

50 destinations will be selected and developed as a complete package of tourism

Shri G Kishan Reddy launches the Visit India Year 2023 logo in New Delhi

Year End Review: Ministry of Tourism

India Tourism Statistics 2022

Press Release

Invest India and World Association of…

Goa Roadmap for Tourism as a Vehicle for…

Ministry of Tourism to undertake a special…

Massive Investment Opportunities for both…

Ministry of Tourism organizes G20 Tourism…

Sagarmala Program Boosting Tourism Economy…

Shri G. Kishan Reddy launches ‘Best Tourism…

Press release

Longest river cruise by Ganga Vilas to…

50 destinations will be selected and…

Shri G Kishan Reddy launches the Visit India…

Frequently Asked Questions

The Ministry of Tourism is set to host the First Global Tourism Investors Summit in 2023 in collaboration with Central Ministries and State/UT Governments. 

This mega event aims to highlight investment and trade opportunities while providing a platform for international investors to discover India's diverse tourism products and services.  

Was it helpful?

Recognising the potential of rural tourism in the country, the Ministry of Tourism has identified Rural Circuit as one of the fifteen thematic circuits for development under the Swadesh Darshan Scheme and is aimed at leveraging tourism as a force multiple for revitalizing the rural economy and for giving both domestic and international tourists a glimpse of rural aspect of the country.

Further, Ministry of Tourism has formulated a Draft 'National Strategy and Roadmap for Development of Rural Tourism in India - An initiative towards Atmanirbhar Bharat', which, inter alia, focuses on generating income and jobs in rural areas and empower local communities, youth and women, fulfilling the vision of Aatmanirbhar Bharat.

The GOI has identified 78 lighthouses in the country as centres of tourism, which are in the first phase under Public Private Partnership (PPP). The identified lighthouses are in Gujarat, Maharashtra, Goa, Karnataka, Kerala, Lakshadweep, Tamil Nadu, Puducherry, Andhra Pradesh, Odisha, West Bengal and Andaman and Nicobar Islands. The GOI has kick started the ‘lighthouse tourism’ project by inviting initial qualification bids to develop eight lighthouses in the first phase, at a cost of INR 128 crore, under the public-private-partnership model for 7 lighthouses.

The goal of the revamped Swadesh Darshan 2.0 Scheme is to develop sustainable and responsible tourism destinations in the country. The scheme is aimed at 360-degree holistic development with a focus on increasing self-employment, youth skilling, private sector investments, and preserving local cultures.

The strategic objectives of the Scheme are: (i) To enhance the contribution of tourism to the local economies (ii) To create jobs including self-employment for local communities (iii) To enhance the skills of local youth in tourism and hospitality (iv) To increase private sector investment in tourism and hospitality (v) To preserve and enhance the local cultural and natural resources  

Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD) scheme focuses on developing and identifying pilgrimage sites across India for enriching the religious tourism experience. It aims to integrate pilgrimage destinations in a prioritised, planned and sustainable manner to provide a complete religious tourism experience. As on date, total number of destinations/sites identified for development under the scheme at present are 68 in 30 states/UTs.

Market Research

Annual report 2022-23 | ministry of tourism, india tourism statistics at a glance 2022, union budget 2023-24: analysis report, economic survey 2022-23, global innovation index 2022, government ministry/department.

  • Indian Institute of Tourism and Travel Management
  • India Tourism Development Corporation
  • Institute of Hotel Management
  • Ministry of Tourism, Government of India
  • National Medical and Wellness Tourism Board
  • National Council for Hotel Management and Catering Technology

Industry Associations

  • Association of Tourism Trade Organizations, India
  • Adventure Tour Operators Association of India
  • Federation of Hotel & Restaurants Associations of India
  • Hotel Association of India
  • Indian Association of Tour Operators
  • Indian Exhibition Industry Association
  • Indian Heritage Hotels Association
  • National Restaurant Association of India
  • Doing Business in India
  • Team India News

New India Timeline @2047

Invest India

30 November , 04:36 PM

FDI and Tourism: A Sustainable Alliance

02 November , 11:23 AM

At the 3rd Northeast India Festival, Invest India, in collaboration with TREND ... Read More

17 October , 06:04 PM

Team Invest India hosted a roundtable for Nagaland's Investment & Development ... Read More

27 September , 02:25 PM

India’s Push for Sustainable Tourism

22 August , 01:08 PM

Hotel industry's contribution to India's GDP to hit $1 Tn by 2047

The direct contribution of Indian hotel industry to the country's GDP is ... Visit Page

23 June , 12:43 PM

Establishing best practices to attract investments in tourism: The case of Invest India and the Ministry of Tourism, Government of India

14 June , 04:47 PM

Tourism: Discovering the Top 5 Tourist Destinations in India: A Journey Through Beauty and Culture

22 May , 01:40 PM

Department for Promotion of Industry and Internal Trade : Annual Report 2022-23

05 May , 10:05 AM

Invest India

Overall booked nights in India on Airbnb grew by 70% when comparing full-year ... Visit Page

26 April , 04:48 PM

Hotels expand presence in tier-II cities amid booming leisure travel.

20 April , 04:45 PM

Economic Survey 2022-23

19 April , 11:37 AM

IHCL inks deal for Taj, Vivanta hotels in Dhaka.

Invest India

18 April , 12:09 PM

World Heritage Day

13 April , 10:40 PM

Annual Report 2022-23 | Ministry of Tourism

Disclaimer : All views and opinions that may be expressed in the posts on this page as well as post emanating from this page are solely of the individual in his/her personal capacity

Dream Big, Travel Far logo

What are you looking for?

50+ india travel & tourism statistics [fresh for 2024].

Cazzy Magennis

India brims with countless cultural and natural attractions, making it one of the most vibrant travel destinations in the world.

From five-star hotels to the most delicious food and beautiful architecture, there’s a lot to discover in this South Asian country.

But did you know how many tourists visit India every year?

How many jobs does the Indian travel industry provide?

In this statistics round-up, we’ve summarized everything you’ve ever wanted to know about travel and tourism in India.

Let’s dive in!

Sources : You can find the source for every statistic listed at the end of this blog post.

Travellerspoint

Which country visits India the most?

In 2020, 20.01% of all international tourists arrivals in India, or 549,273 arrivals, were by people from Bangladesh.

2020 Indian tourist arrivals by country

In 2021, the USA surpassed Bangladesh as the leading source of foreign tourists in India with 429 thousand arrivals.

2021 Indian tourist arrivals by country

How many tourists come to India every year?

In 2021, India recorded 7 million international tourists arrivals, down from about 17.9 million in 2019.

international tourist arrivals in India 2014-2021

What is the total travel market in India?

  • The travel market in India was valued at 75 billion U.S. dollars in 2020 and is expected to hit 125 billion U.S. dollars by 2027.

Which is the No 1 tourist place in India?

The Taj Mahal in Agra is the most popular tourist destination in India, attracting both domestic and foreign visitors.

It was the most visited ticketed monument among domestic tourists in India, welcoming 3.29 million visitors in the period of 2021-2022.

What is the rating of India for tourism?

India sat on 54th place in the travel and tourism development index in 2021, a decline from 34 in 2019. 

The first place went to Japan and second to the US.

The travel and tourism development index was based on enabling environment, policies, infrastructure, demand drivers, and sustainability. 

Main India travel statistics

  • In 2021, India recorded 7 million international tourist arrivals, down from about 17.9 million in 2019.
  • The top 10 countries for foreign tourist arrivals to India in 2020 were Bangladesh, USA, UK, Canada, Russian Federation, Australia, France, Germany, Malaysia, and Sri Lanka.
  • In terms of region, the majority of international tourists in India is from South Asia, representing 27.33% of the total market in 2020.
  • In 2019, there were 2.32 billion domestic tourist visits in India, which unfortunately fell to 610 million in 2020.
  • In 2021, the Indian travel and tourism industry generated around US $178 billion to the country’s GDP.
  • The most popular protected monuments in Delhi are Red Fort (2.29 million visits in 2019) and Qutub Minar (2.3 million visits in 2019).
  • The Indian hotel market was valued at around 32 billion U.S. dollars in 2020 and expected to grow to 52 billion U.S. dollars by 2027.
  • The average daily rate (ADR) for a hotel room in India in Q1 2022 was 5,232 Indian rupees, a fall from 6,117 Indian rupees in Q1 2020 pre-pandemic.

India inbound travel statistics

1. in 2021, india recorded 7 million international tourist arrivals, down from about 17.9 million in 2019., 2. the port of entry in india with the most foreign tourist arrivals was indira gandhi international airport in delhi, with more than 606 thousand arrivals in 2021. .

This figure accounted for 45.3% of the foreign tourist arrivals in India in 2021.

India international tourist arrivals by port of entry

3. Based on number of foreign tourist arrivals, in 2019, India was the 24th most visited country in the world.

[India Tourism Statistics]

4. Overall, in 2021, India ranks 54th in the travel and tourism development index, falling from its 34th place in 2019.

The index was based on enabling environment, policies, infrastructure, demand drivers, and sustainability. 

Demographics of tourists in India

4. the top 10 countries for foreign tourist arrivals to india in 2020 were bangladesh, usa, uk, canada, russian federation, australia, france, germany, malaysia, and sri lanka., 5. in 2020, 20.01% of all international tourists arrivals in india (549,273 arrivals) were made by tourists from bangladesh..

Bangladesh and India share the fifth-longest land border in the world, which might explain the popularity of India for Bangladeshi travellers.

6. However, in 2021, the USA became the top source of foreign tourists in India with 429 thousand arrivals.

7. there were 394 thousand visitors arriving from the usa, which made up 14.36% of all foreign tourist arrivals in india in 2020..

The pandemic had caused the 1.5 million American tourists in India in 2019 to decline to just 394 thousand in 2020.

8. In 2021, American arrivals in India rose again to 429 thousand, though it’s still well below the 2019 figure.

9. the uk contributed 291,874 arrivals to india in 2020, or 10.63% of all tourist arrivals, which fell again to 164,140 in 2021..

In 2020, the number of British tourists visiting in India fell to just 291 thousand because of the Covid-19 pandemic, from over 1 million in 2018 and 2019 . This continued to decline to just over 164 thousand in 2021.

British tourist arrivals in India

10. Sitting in 10th place, Sri Lankans made up 2.5% of all foreign tourist arrivals to India in 2020.

The 68,646 tourist arrivals from Sri Lanka is down from the 353,684 in 2018 and 330,861 in 2019, when they sat in 8th place.

In 2021, Sri Lanka fell out of the top 10 rank of source markets for foreign tourist arrivals in India.

11. In terms of region, the majority of international tourists in India is from South Asia, representing 27.33% of the total market in 2020.

They’re followed by tourists from Western Europe (22.76%) , North America (18.83%), South East Asia (8.44%), and East Asia (4.75%).

12. In 2020, the biggest age group of international visitors in India was 35-44 year olds (20.2%).

Meanwhile, 25-54 year olds make up more than half (58.3%) of all foreign visitors in India.

13. In 2020, 57.8% of international visitors in India were males.

42.4% of tourists arriving in India in 2020 were females. This ratio has become more evenly distributed compared to the percentage share in 2001, when only 24.5% of foreign tourists in India were females.

Tourists in India by gender

14. On the other hand, only 29.7% of all departure from India by Indian nationals were made by females, as opposed to 70.3% of males.

This figure is interesting as it shows that significantly fewer Indian females travel abroad.

Outbound & domestic tourism from India statistics

What is the size of outbound travel market in India?

15. In 2019, there were 2.32 billion domestic tourist visits in India, which unfortunately fell to 610 million in 2020.

Domestic tourist arrivals in India 2017-2021

16. Domestic spending contributed 94% of all tourism revenues to India in 2021, up from 82% in 2019.

Domestic vs foreign tourism spending in India

17. Domestic visitor spending across India in 2021 was at 151 billion U.S. dollars. This put India in fourth place worldwide in terms of domestic tourism expenditure.

18. in 2021, the state of tamil nadu had the largest share of domestic tourist visits (17% of total, or 115 million tourist visits)., 19. the number of indian nationals’ departures from india during 1991 was 1.94 million, which grew to 26.9 million in 2019 (and fell again to 7.29 million in 2020)., 20. in 2020, the most visited country by indian nationals was uae, with 2,974,002 departures..

Most visited countries by Indian tourists

Indian tourism industry statistics

How big is the tourism industry in India?

21. In 2021, the Indian travel and tourism industry generated around US $178 billion to the country’s GDP.

The figure has yet to reach its all-time high of US $247 billion in 2018.

Travel and tourism contribution to GDP in India

22. Meanwhile, the government in India spent a total of $2.61 billion across the tourism sector in 2017. It’s forecast to reach $5.65 billion in 2028.

Government spending on tourism in India

23. The total domestic visitor spending in India in 2021 was US $151 billion.

24. the travel market in india was valued at 75 billion u.s. dollars in 2020 and is expected to hit 125 billion u.s. dollars by 2027..

Hotels and airlines made up the majority of the Indian travel market. 

25. The travel and tourism industry in India provided almost 80 million jobs in 2020, or 15.3% of all jobs overall.

Tourist destinations in india, 26. the most popular ticketed monument among in india for domestic tourists in 2021-22 was the taj mahal, with 3.29 million visitors that year..

For domestic visitors in India, the most visited ticketed tourism site is the Taj Mahal, which saw 3.29 million visitors between 2021 and 2022 .

27. The top five states for domestic tourists in India in 2020 were Tamil Nadu (140.7 million), Uttar Pradesh (86.1 million), Karnataka (77.5 million), Andhra Pradesh (70.8 million), and Telengana (40 million).

Top states in India for domestic tourism

28. The most popular protected monuments in Delhi are Red Fort (2.29 million visits in 2019) and Qutub Minar (2.3 million visits in 2019).

As the capital city, Delhi is very popular among foreign and domestic tourists. It has lots of interesting places to visits , including Red Fort and Qutub Minar.

29. Meanwhile, Chittaurgarh Fort is the most visited protected monument in Jodhpur, with 580,321 visits in 2019.

Jodhpur is a charming blue city with many excellent hotels , especially for couples.

30. In the Chennai circle, the most visited monument was the Group of Monuments with 1.1 million visitors in 2022.

31. in goa, the portuguese fort of aguada welcomed 656 thousand visitors in 2022..

Goa itself bursts with so many interesting things to do and beautiful beaches .

Tourism trends and behavior in India

32. december tends to be the most popular month for foreign tourists in india, with 1,226,398 tourist arrivals in december 2019 alone..

January and November are the next busiest months in terms of foreign tourists arrivals in India, with 1,111,040 and 1,012,569 arrivals respectively.

33. In 2020, 58.4% of foreigners arriving in India was there for leisure purposes. 11.8% visited for business and professional reasons.

11.8% of foreign tourists in India in 2020 were there for business.

Top reasons for visiting India

34. The share of business travel revenues in India compared to leisure spending has been slowly declining, from 21.1% in 2013 to just 4% in 2021.

35. as of june 2022, there are 211 government recognized tour operators in india., 36. in 2020, the travel agent market in india was worth 38 billion u.s. dollars. 35% of bookings made through travel agents were for airlines, while another 35% were for hotels., 37. travel apps are huge in india, with downloads growing by 38% cagr since 2019. in q4 2022, there were almost 66 million app downloads in the transportation category., accommodation in india statistics.

How big is the Indian hospitality industry?

38. The Indian hotel market was valued at around 32 billion U.S. dollars in 2020 and expected to grow to 52 billion U.S. dollars by 2027.

The hotel market in India is a booming industry, valued at US$ 32 billion in 2020 and forecast to reach US$ 52 billion in 2027.

39. In 2020, domestic travel made up 80% of the hotel market in India.

40. as of 2023, the occupancy rate of hotels in india was 68%, an increase from 34% in 2021..

The hotel industry in India is recovering in 2023, reaching a 68% occupancy rate after dipping to 34% in 2021.

Occupancy rate of hotels in India

41. There were more than 152 thousand hotel rooms in India in 2022, which is expected to reach 200 thousand by 2027.

The leading cities with the highest number of hotel rooms in India are Bengaluru, New Delhi, and Mumbai.

As one of the most popular cities in India with plenty of things to do , it’s no wonder that Mumbai sits among the top three.

42. As of March 2022, the Indian Hotels Company Limited (IHCL) was the leading Indian hotel or restaurant company, with a market capitalization of 318 billion Indian rupees. 

IHCL is known for its Taj hotels.

IHCL was followed by EIH and Sapphire foods, with 99.4 and 88.9 billion Indian rupees of market cap respectively.

43. The average daily rate (ADR) for a hotel room in India in Q1 2022 was 5,232 Indian rupees, a fall from 6,117 Indian rupees in Q1 2020 pre-pandemic.

When the pandemic hit and restrictions took place in March 2020, the ADR for hotel rooms in India declined to 3,365 Indian rupees.

44. In 2022, the city with the most hotel rooms was New Delhi, with more than 15 thousand hotel rooms in total.

It’s followed by Bengaluru and Mumbai.

45. In total, there were 153 thousand hotel rooms across India in 2022.

46. airbnb india made a total of 687 million indian rupees in revenue in 2020, a significant increase from 2018 and 2019 despite the second half of the year being impacted by the pandemic..

Airbnb India recorded a revenue of 687 million rupees in 2020.

Aviation sector in India

47.travel by ‘air’ is the most preferred mode of transport. in 2020, 79.2% of foreign tourists arriving in india did so by air, followed by land (19.3%) and sea (1.5%)..

The respective figures for 2019 were 77.4%, 21.7% and 0.9%. 

48. In 2023, passenger traffic in Indian airports amounted to over 327 million, 56.9 million of which were international passengers. 

Domestic vs foreign airline passengers

49. Meanwhile, the number of domestic passenger arrivals in airports across India in 2023 was over 270 million.

50. the leading indian passenger carrier airline was indigo, which had a 55% market share in 2022..

IndiGo was followed by SpiceJet, with a 13% market share.

51. Airasia has the sixth largest domestic market share (5.7%) of passenger airlines in 2022.

Overall, India is a beautiful country everyone should visit at least once in their lives.

We hope these statistics have helped you understand more about travel and tourism in India.

Did we miss anything interesting?

Drop us a comment below.

Here’s a 3-week itinerary to inspire your trip!

And if you’re planning to visit India on a budget, this backpacking guide might be useful.

In the meantime, here are some more statistics to read:

  • Mexico Travel & Tourism Statistics
  • Peru Travel & Tourism Statistics
  • Italy Travel & Tourism Statistics
  • India Tourism Statistics

Tinggly badge

Leave a comment

Let us know what you think.

Footer banner image

5 million people can't be wrong

Related Travel Research

India travel market report 2020-2024.

Free for Open Access Subscribers

The India travel market faces significant challenges, following a year of pandemic-related lockdowns and restrictions. While coronavirus case rates initially fluctuated, by the beginning of 2Q21 the country was paralyzed by a second wave of infections that is likely to derail travel recovery in the short term. Still, mobile penetration has set new records as travelers increasingly turn to their mobile devices to plan and book their trips. Regardless, it will be several years before there is a full recovery to pre-pandemic levels. This report provides an overview of the India travel market, including key developments, market characteristics, distribution trends and major players in each segment.

When you purchase this publication, you will also receive:

  • India Travel Market 2020-2024: By the Numbers

For more on the Asia Pacific travel marketplace, check out the following:

  • Australia-New Zealand Travel Market Report 2020-2024
  • China Travel Market Report 2020-2024
  • Japan Travel Market Report 2020-2024

Chetan Kapoor

What is Open Access

An Open Access subscription provides company-wide access to the whole library of Phocuswright’s travel research and data visualization.

Curious? Contact our team to learn more:

What is open access+.

With Open Access+, your company gets access to Phocuswright's full travel research library and data visualization PLUS Special Project deliverables.

Provide your information and we'll contact you:

Curious contact our team to learn more:.

Hyatt Hotels Sets Sights on India’s Thriving Leisure Market

Bulbul Dhawan , Skift

April 18th, 2024 at 9:30 AM EDT

Hyatt currently has 50 hotels in 17 markets in India. Its next 50 will be in more diversified markets of India.

Bulbul Dhawan

Hyatt Hotels definitely has its eyes on India and the focus specifically is on domestic Indian leisure travelers. “The leisure travel market is primarily driven by Indians traveling within India and discovering the country,” said CEO Mark Hoplamazian during his recent visit to the country . 

Hyatt currently has 50 hotels in 17 markets in India. The next 50, Hoplamazian said, would be spread over 28 markets. “People are seeking out different destinations in India, and we are trying to be in many more markets around the country,” he said. 

Positive Time for Hospitality in India

The Hyatt chief also asserted this is a positive time for India as there is an increased interest in investments in the hospitality industry . The company has a long-standing partnership with the Saraf Group and jointly operates the Juniper Hotels brand.

Through the partnership, Hyatt has not only gained a better understanding of the market but has also received a significant return on investment, according to Hoplamazian. 

The hospitality sector in the East, including in India, has a high barrier to entry. “If you’re willing to put up with that barrier to entry, your returns can be very high. That is coming true, because India is ascending in terms of its demographic profile, economy, and spending power of Indians ,” he asserted while speaking at the Hotel Investment Conference South Asia (HICSA).

Hoplamazian admitted that despite being a strong proponent of India over the past 15 years, he was wrong most of the time due to the difficulty. “But now, with operating performance improving so dramatically, the math works for projects,” he shared. 

He also said that the supply growth has remained low as compared to demand everywhere in the world, be it China, the U.S., or India. “This is a positive attribute,” he said. 

The Hyatt chief is, however, concerned about capital formation due to high interest rates. “New starts and new construction has declined in the U.S. In India, the same has been true. But operating performance in India is continuing to improve, so hotel owners understand that with sustained limited supply growth and the growth in demand, the longer they take to construct a hotel, the longer it will take them to reach the economies which would allow them to sustain higher interest rates,” he explained.

Have a confidential tip for Skift? Get in touch

Tags: hotels , hyatt , Hyatt Hotels , india travel , Leisure , leisure travel , mark hoplamazian , tourism

Photo credit: The Hyatt chief asserts that this is a very positive time for India. (Image: Hyatt Regency Dehradun)

  • Tata Steel share price
  • 165.85 -1.04%
  • Kotak Mahindra Bank share price
  • 1,608.40 -2.11%
  • Wipro share price
  • 464.65 0.79%
  • ITC share price
  • 439.95 0.56%
  • Tech Mahindra share price
  • 1,277.45 7.34%

Back

Indians are travelling abroad more than ever: Check where we prefer to go, where not

India's tourism industry is experiencing remarkable growth, with indians set to spend over $42 billion annually on outbound travel by 2024..

Vietnam is predicted to witness a staggering growth of over 1,000% compared to pre-pandemic levels.

As India takes the centre stage on the global platform by being the world’s most populous country, its tourism industry is also experiencing a remarkable surge. Indians are poised to spend over $42 billion annually on outbound travel by 2024, according to an earlier report by PTI. The country has emerged as the fastest-growing outbound destination, surpassing other nations in terms of tourism sector growth.

The number of airports and terminals has significantly increased over the past decade, reflecting India's commitment to expanding its aviation industry . Under the regional connectivity scheme, at least 73 airports have become operational since 2017.

Also Read: India could learn from Thailand how to boost tourism

Moreover, Delhi's Indira Gandhi International Airport has entered the list of the world's busiest international airports, with 59.5 million passengers in 2022. These bold moves have been driven by both government investments and the proactive approach of private airlines, increasing overall capacity and accessibility.

Preferred destinations

Indian travellers are increasingly exploring a more diverse range of countries. While Southeast Asia remains a popular destination, with Vietnam, Singapore, Indonesia and Malaysia experiencing significant growth in Indian tourists , CNN reported while adding that, European destinations like France and Switzerland have also gained prominence.

The anticipated surge in Indian travel to Vietnam post-pandemic is remarkable, with experts predicting a staggering growth of over 1,000% compared to pre-pandemic levels. On the contrary, Agoda's data reveals that there is comparatively-less travel from Indians to destinations such as Japan, Korea or Taiwan.

Also Read: Spot airfares likely to stay high in near term

Omri Morgenshtern, CEO of travel and bookings website Agoda, suggests that this trend can be attributed, to some extent, to the geographical distance between these countries and India. However, it may also indicate a certain degree of unfamiliarity or limited awareness among Indian travellers regarding the potential offerings of these destinations.

Rise of low-cost carriers

Low-cost carriers have played a vital role in India's tourism growth, catering to the price-sensitive market, according to Morgenshtern. Carriers like Air India have strategically positioned themselves in the low-cost carrier segment, recognising its significance in India's aviation market expansion.

Also Read: Int’l travel lags despite surge in bookings

Low-cost airline Indigo recently made an exciting announcement, revealing their plans to introduce 174 additional weekly flights and expand their route network to include six new captivating destinations across Africa and Asia.

Milestone Alert! Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

india travel market

Wait for it…

Log in to our website to save your bookmarks. It'll just take a moment.

You are just one step away from creating your watchlist!

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.

Your session has expired, please login again.

Congratulations!

You are now subscribed to our newsletters. In case you can’t find any email from our side, please check the spam folder.

userProfile

Subscribe to continue

This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp

close

  • India Today
  • Business Today
  • Reader’s Digest
  • Harper's Bazaar
  • Brides Today
  • Cosmopolitan
  • Aaj Tak Campus
  • India Today Hindi

india travel market

Indian airlines are on a shopping spree. Here’s proof

The indian aviation industry has been aiming for expansion with the rising demand for air travel..

Listen to Story

Parliamentary panel mulls route-specific capping of airfares

  • IndiGo orders 30 A350-900 aircraft from Airbus
  • Indian carriers collectively ordered 1150 aircrafts in past 15 months
  • Total orders, including purchase rights, sum up to 1590 aircrafts

The Indian aviation industry is experiencing a surge in air travel demand, prompting airlines to invest in expanding their fleets through substantial aircraft orders.

The most recent development involves IndiGo, placing an order for 30 A350-900 widebody aircraft from European manufacturer Airbus on April 25, 2024.

The deal, estimated to range between $4 billion and $5 billion, marks IndiGo's first purchase of widebody planes for its operations.

IndiGo currently operates two B777 aircraft, which are on lease from Turkish Airlines. The airline stated that the exact configuration of the A350-900 aircraft will be determined later, with deliveries scheduled to commence from 2027.

Additionally, IndiGo has purchase rights for an extra 70 Airbus A350 family aircraft for potential future needs under specific conditions .

Over the past 15 months, Indian carriers have collectively ordered 1150 aircrafts to meet the rising demand for air travel in the country.

Earlier, in February 2023, the Tata-run Air India Group made headlines with an order for 470 planes — 250 from Airbus and 220 from Boeing. Media reports estimate the value of this order to be around $70 billion.

The order comprises 470 firm aircraft along with 370 options and purchase rights to be procured over the next decade from both Airbus and Boeing.

IndiGo also made headlines in June 2023 with the world's largest aircraft order, securing 500 A320neo family planes from Airbus. The delivery of these aircraft is expected between 2030 and 2035.

Although the list price for this order stands at $55 billion, actual sale prices, typically undisclosed, are usually lower.

Further expanding the fleet, the new airline Akasa Air placed an order for 150 Boeing 737 MAX aircraft in January 2024, valued at approximately $20 billion based on current list prices.

This order includes a mix of 737 MAX-8 and 737 MAX-10 variants, accommodating up to 230 passengers per aircraft.

In total, the orders placed over the past 15 months, including purchase rights, sum up to 1590 aircrafts, underlining the industry's commitment to meeting the growing air travel demand in India.

With the country witnessing a surge in air travel demand and plans to establish new airports, the trajectory suggests that aircraft orders may continue to climb in the coming years. Published By: Sonu Vivek Published On: Apr 26, 2024

India's IndiGo orders 30 Airbus A350s in bet on long-haul routes

  • Medium Text

An IndiGo airlines passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International airport in Mumbai

Sign up here.

Reporting by Nandan Mandayam in Bengaluru and Aditi Shah in New Delhi, additional reporting by Tim Hepher in Paris; Editing by Sohini Goswami, Savio D'Souza and Tomasz Janowski

Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab

Ukraine's President Zelenskiy attends a news conference in Kyiv

The emergency exit slide fell off a Delta Airlines jet after taking off from New York en route to Los Angeles on Friday, Delta said.

The logo and ticker for L3Harris are displayed on a screen on the floor of the NYSE in New York

Business Chevron

The European Union criticised Russia on Saturday for putting subsidiaries of one Italian and one German company under the "temporary external management" of a Gazprom entity, saying the move underscored Moscow's disregard for international norms.

A worker is seen at Anglo American's Los Bronces copper mine in Chile

We've detected unusual activity from your computer network

To continue, please click the box below to let us know you're not a robot.

Why did this happen?

Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy .

For inquiries related to this message please contact our support team and provide the reference ID below.

  • English English
  • தமிழ் தமிழ்
  • বাংলা বাংলা
  • മലയാളം മലയാളം
  • ગુજરાતી ગુજરાતી
  • हिंदी हिंदी
  • मराठी मराठी
  • Business Business
  • बिज़नेस बिज़नेस
  • Insurance Insurance

The Financial Express

  • Mutual Funds
  • Stock Market Stats
  • Gold Rate Today
  • Top Indices Performance
  • Loksabha Election
  • Budget 2024
  • Stock Market Quotes
  • Mutual Fund
  • Stock Stats
  • Top Gainers
  • CaFE Invest
  • Investing Abroad
  • Gold Rate in India
  • Silver Rate in India
  • Petrol Rate in India
  • Diesel Rate in India
  • Express Mobility
  • Banking & Finance
  • Travel & Tourism
  • Brand Wagon
  • Entertainment
  • Web Stories
  • Auto Web Stories
  • Infographics
  • Today’s Paper
  • International
  • Edits & Columns
  • Personal Finance Print
  • PRIVACY POLICY
  • TERMS AND CONDITIONS

india travel market

Lok Sabha Elections 2024 Voting Highlights: Nearly 61 per cent turnout in Phase 2 polls

Lok sabha elections 2024 phase 2 voting highlights: according to election commission data, tripura recorded the highest voter turnout at 78.53 percent, followed by manipur at 77.18 percent..

Phase 2 Lok Sabha Election 2024 Voting Live Updates: Polling underway across 89 seats

India Election 2024 Phase 2 Voting Highlights: In the second phase of Lok Sabha elections, covering 88 seats across 13 states, nearly 61 percent voter turnout was reported. Polling for the second stage of the seven-phase elections started at 7 am and ended at 6 pm, with several states experiencing intense heat conditions. The first phase of polling took place on April 19, covering 102 seats across 21 states and Union territories. The Election Commission (EC) said that polling remained largely peaceful. The initial figure at 7 pm indicated a voter turnout of 60.96 percent, which is expected to increase as reports from all polling stations are compiled.

The National Democratic Alliance (NDA), led by Prime Minister Modi, is aiming for a stronger majority for a third consecutive term, while the opposition bloc, INDIA , hopes for a resurgence after setbacks in the 2014 and 2019 elections. According to Election Commission data, Tripura recorded the highest voter turnout at 78.53 percent, followed by Manipur at 77.18 percent. In Uttar Pradesh, the turnout was 53.71 percent, and in Maharashtra, it stood at 53.84 percent.

india travel market

Key contenders in this pha se were leader Shashi Tharoor, Union minister Rajeev Chandrasekhar, and actor-turned-politician Arun Govil. Notable figures such as Karnataka Deputy Chief Minister DK Shivakumar ’s brother DK Suresh ( Congress ) and former Karnataka Chief Minister HD Kumaraswamy (JDS) are also in the fray. Meanwhile, BJP stalwarts Hema Malini, Om Birla, and Gajendra Singh Shekhawat are seeking re-election to continue their winning streaks. Other notable contests include Tejasvi Surya (BJP) defending his Bangalore South seat against Congress’s Sowmya Reddy, and former Chhattisgarh Chief Minister Bhupesh Baghel (Congress) contesting from Rajnandgaon, a BJP stronghold for over three decades.

Phalodi Satta Bazar Predictions: Lok Sabha elections 2024

Lok Sabha Elections 2024 Second Phase Voting Live Updates: Polling was held across 88 parliamentary constituencies in 13 States/UTs, along with one part PC (Outer Manipur).

Polling concludes in all 20 Lok Sabha seats in Kerala. With less than an hour remaining for the conclusion of polling in the 20 Lok Sabha seats in Kerala, the state registered a turnout of 64.73 per cent at 5.20 pm on Friday.

Officials searched the chopper of BJD leader K Pandian during election campaigning in Odisha’s Umerkote earlier today.

https://twitter.com/PTI_News/status/1783811985651421255

Former BJD member, who was denied a Lok Sabha ticket by the party, joined BJP in Odisha’s Bhubaneswar on Friday, in the presence of state party chief Manmohan Samal and former Union Minister Pratap Chandra Sarangi.

https://twitter.com/PTI_News/status/1783797955230621828

Union Minister Anurag Thakur, the BJP candidate from Himachal Pradesh’s Hamirpur, expressed enthusiasm and encouraged voters during the Lok Sabha elections , urging them to turn out in large numbers despite the extreme heat.

“Not even extreme heat could stop voters from casting their votes. This kind of enthusiasm should be there among all voters because the opportunity to elect the 18th Lok Sabha has arrived in the world’s largest democracy,” Thakur said.

He also appealed to the youth to turn out in large numbers to vote, stressing that every voter should exercise their right. (ANI)

Former Indian cricketer Javagal Srinath cast his vote at a polling booth in Mysuru during the Lok Sabha Polls on Friday.”It is our right to come and vote. We want the people to come out and vote…I think people should come out. Voting is important…” Srinath told ANI.

Karnataka is voting for 14 seats in the second phase of Lok Sabha elections on Friday, with the remaining 14 scheduled for May 7th.

AAP MP Swati Maliwal, alongside Delhi Assembly Speaker Ram Niwas Goel, campaigns in the East Delhi Lok Sabha constituency in support of AAP Lok Sabha candidate Kuldeep Kumar, where as BJP has pitted Harsh Malhotra for the East Delhi seat.

https://twitter.com/ANI/status/1783793714256826650

In Porbandar, Gujarat , Union Minister Ashwini Vaishnaw stated that, in his conversations with young men and women today, it’s evident that every first-time voter, every youth, has made up their mind to choose Modi ji as their leader.

“They want to bring the leadership of Mansukh Mandaviya to Porbandar. Work is going on to make Porbandar Railway Station world-class. Today all the youth also decided how to utilize the area around Porbandar station in a better way…” he said.

Voting is ongoing at 857 polling stations, covering 13 assembly segments across eight districts. In the first phase of elections, sections of the Outer Manipur seat, including 15 assembly segments, and 32 assembly segments of the Inner Manipur, went to the polls on April 19th.

As the polling for the second phase of the 18th Lok Sabha elections is currently underway, BJP leader Rajiv Pratap Rudy, predicting a landslide victory for the BJP and NDA, said, “In 13 states, 88 constituencies are going to polls, with five in Bihar. What I have heard from my friends, colleagues, and analysts is that we are surging… the BJP is surging, the NDA is surging. It is obvious that the BJP and NDA are heading for a landslide victory, and PM Modi is going to come back with a thumping majority.”

A groom arrived at his designated polling station in Udaipur, Rajasthan, to cast his vote in the Lok Sabha elections .

https://twitter.com/ANI/status/1783786171593867394

After casting her vote, Aisshwarya DKS Hegde, daughter of Karnataka Deputy CM DK Shivakumar said, “It’s about the country today. If only the country grows, I or any other individual will grow…I have no intentions (to join politics). I am an educationist and I am happy doing that. Everyone needs to work in different fields to make India proud and I am working in a field which is so required right now.”

https://twitter.com/ANI/status/1783763872522104959

88 seats have gone to polls across 13 states and Union territories in phase 2 of the Lok Sabha elections . Here is the voter turnout till 1 pm according to the ECI data:

Assam – 46.31%

Bihar – 33.80%

Chhattisgarh – 53.09%

Jammu and Kashmir – 42.88%

Karnataka – 38.23%

Kerala – 39.26%

Madhya Pradesh – 38.96%

Maharashtra – 31.77%

Manipur – 54.26%

Rajasthan – 40.39%

Tripura – 54.47%

Uttar Pradesh – 35.73%

West Bengal – 47.29%

After the abrogation of Article 370 and the division of the erstwhile state into Union territories on August 5, 2019, this is the first significant electoral contest being conducted in Jammu and Kashmir. Incumbent MP Jugal Kishore Sharma of the Bharatiya Janata Party ( BJP ) is vying for a third consecutive term in the Lower House of Parliament after winning the 2014 and 2019 elections. The other key candidates contesting for this seat against Sharma are Raman Bhalla from the Congress and Ankur Sharma from the Ekam Sanatan Bharat Dal. Read more

88 seats have gone to polls across 13 states and Union territories in phase 2 of the Lok Sabha elections . Here is the voter turnout till 11 am according to the ECI data:

Assam – 27.43%

Bihar – 21.68%

Chhattisgarh – 35.47%

Jammu and Kashmir – 26.61%

Karnataka – 22.34%

Kerala – 25.61%

Madhya Pradesh – 28.15%

Maharashtra – 18.83%

Manipur – 33.22%

Rajasthan – 26.84%

Tripura – 36.42%

Uttar Pradesh – 24.31%

West Bengal – 31.25%

Amid phase 2 of polling for the Lok Sabha elections 2024, the Trinamool Congress (TMC) has lodged several complaints over EVM issues and central forces intimidating female voters in West Bengal.

The party lodged 58 complaints between 7 to 8 am and 54 complaints between 8 to 9 am.

BJP ‘s Bengal chief and Balurghat candidate Sukanta Majumdar on Friday went to cast vote along with his wife but did not find his name on the list. The name was found later after he created a scene at the polling booth.

https://twitter.com/ANI/status/1783714530666983535

Voters present there started protesting against Majumdar, who was accompanied by Central forces for troubling them. Majumdar was also seen entering into a verbal spat with the voters at the booth. The Bengal BJP chief claimed one of the workers of his party was beaten up outside the booth and there were Trinamool Congress (TMC) workers within 100 metres of the booth.

“The police is doing nothing. TMC workers within 100 metres of the booth is shouting slogan at us. Our booth agent was beaten up. The TMC is indulging in hooliganism to win the election ,” said Majumdar, IE reported.

Amid the polling for phase 2, Karnataka Deputy CM DK Shivakumar said, “Karnataka is going to poll; the state is giving very big results and people are very happy as whatever we said in the last elections we have delivered…Women are cutting across the party line, all of them are favouring us and I thank all of them…For the first-time voters- the youth of this country, I have to say that Congress has put up a beautiful manifesto…You have to make a change as it is needed, you have given 10 years and now let’s go for a change…”

Karnataka CM Siddaramaiah casts his vote at a polling booth in Siddaramana Hundi village of Chamarajanagar, while Indian cricketer Rahul Dravid casts his vote in Bengaluru.

Congress candidate from Kerala’s Thiruvananthapuram seat Shashi Tharoor says that the Lok Sabha Elections 2024 is about India ‘s future. “The country we have grown up in and took for granted have changed in the last 10 years. It has veered in a very different direction,” he says.

https://twitter.com/PTI_News/status/1783725905539416257

Senior Congress leader AK Antony cast his vote in Thiruvananthapuram. Second phase of polling for Lok Sabha Elections 2024 is underway across 13 states today.

88 seats have gone to polls across 13 states and Union territories in phase 2 of the Lok Sabha elections. Here is the voter turnout till 9 am according to the ECI data:

Assam – 9.71%

Bihar – 9.84%

Chhattisgarh – 15.42%

Jammu and Kashmir – 10.39%

Karnataka – 9.21%

Kerala – 11.98%

Madhya Pradesh – 13.82%

Maharashtra – 7.45%

Manipur – 15.49%

Rajasthan – 11.77%

Tripura – 16.65%

Uttar Pradesh – 11.67%

West Bengal – 15.68%

Union Finance Minister Nirmala Sitharaman, businessman N R Narayana Murthy, his wife and Rajya Sabha member Sudha Murty and former cricketer Rahul Dravid were among the early voters as polling began in 88 Lok Sabha constituencies.

Union Minister and Bengaluru North BJP candidate Shobha Karandlaje cast her vote on Friday. She said, “For its security and development, the country needs PM Narendra Modi for the third time. So, we are celebrating that festival today. We hope to win with a large margin from here…”

Congress MP and candidate from Thiruvananthapuram, Shashi Tharoor queued up outside a polling booth in the constituency as he waited for his turn to cast his vote. He is up against BJP candidate and Union Minister Rajeev Chandrasekhar.

https://twitter.com/ANI/status/1783705428188070223

As 88 seats went to polls on Friday in phase 2 of the Lok Sabha elections, Prime Minister Narendra Modi urged voters to participate in record numbers.

He took to X and stated, “Urging everyone in constituencies voting today, in the second phase of the Lok Sabha elections, to participate in record numbers. A high voter turnout strengthens our democracy. I especially urge our young voters and women voters to turn out in great numbers. Your vote is your voice!”

https://twitter.com/narendramodi/status/1783666704591048835

Former Rajasthan Chief Minister Ashok Gehlot and his family cast their votes at a polling booth in Jodhpur on Friday during phase 2 of the Lok Sabha elections.

https://twitter.com/ANI/status/1783694505621004521

After exercising her franchise in Bengaluru, Union Minister Nirmala Sitharaman said, “… I want more and more people to come out and vote…I think it is clear that people want a stable government, they want good policies, progress and development and that is why they are coming out. They want to see PM Modi continue his term…”

https://twitter.com/ANI/status/1783694932026466364

Union Minister and BJP candidate from Rajasthan’s Jodhpur, Gajendra Singh Shekhawat, cast his vote at polling booth number 81-83 in Jodhpur. Voting is underway in 13 seats in Rajasthan in the second phase of Lok Sabha elections, With this polling on all the seats in Rajasthan will be completed.

Congress candidate from Alappuzha, KC Venugopal, cast his vote at a polling booth in the constituency on Friday. He is in the fray with CPI(M) candidate AM Ariff and BJP ‘s Sobha Surendran.

Finance Minister Nirmala Sitharaman reached the BES polling booth in Bengaluru to cast her vote in the Lok Sabha elections. Karnataka is voting on 14 seats today in the second phase of Lok Sabha elections.

https://twitter.com/ANI/status/1783685524437475384

Among the prominent contestants are Congress leaders Rahul Gandhi (Wayanad) and Shashi Tharoor (Thiruvananthapuram), Union minister Rajeev Chandrasekhar (Thiruvananthapuram), BJP ’s Tejasvi Surya (Bengaluru South), Hema Malini (Mathura), Arun Govil (Meerut), Karnataka deputy chief minister DK Shivakumar ’s brother DK Suresh (Bengaluru Rural) and former Karnataka chief minister HD Kumaraswamy (Mandya).

https://twitter.com/ANI/status/1783685374403137876

In the 2019 Lok Sabha elections, the BJP -led National Democratic Alliance (NDA) won 56 of the 89 seats that are polling in phase 2 while the Congress -led United Progressive Alliance (UPA) bagged 24 seats. Six of these seats have been redrawn as part of the delimitation exercise.

With phase 2 on Friday, polling will conclude in Kerala, Rajasthan and Tripura. In the first phase on April 19, polling was completed in all seats of Tamil Nadu (39), Uttarakhand (5), Arunachal Pradesh (2), Meghalaya (2), Andaman and Nicobar Islands (1), Mizoram (1), Nagaland (1), Puducherry (1), Sikkim (1) and Lakshadweep (1).

There are a total of 1,210 candidates in the fray today. The Bahujan Samaj Party (BSP) has fielded the most candidates in this phase at 74, followed by the Bharatiya Janata Party ( BJP ) at 69 and the Congress at 68. Karnataka, with 14 seats going to polls, has the most candidates at 247, followed by Maharashtra (8 seats) at 204 and Kerala (all its 20 seats) at 189.

Kerala is voting to elect all 20 members of Parliament in the second phase of Lok Sabha elections today. The counting of the votes will be done on June 4. Among the key candidates in the fray in the south Indian state are Congress leader Rahul Gandhi , Shashi Tharoor and BJP leader Rajeev Chandrasekhar.

https://twitter.com/ANI/status/1783672493578023364

https://twitter.com/ANI/status/1783671652448096262

The polling has begun across 89 seats in 13 states and Union territories and will continue till 5 pm amid tight security.

In the Phase 2 elections, in Kerala alone, over 2.77 crore people are eligible to vote, with more than five lakh being first-time voters. Rahul Gandhi, the incumbent MP from Wayanad, faces challenges from CPI’s Annie Raja and BJP’s K Surendran. Tharoor, aiming for his fourth win in the Thiruvananthapuram constituency, competes against Chandrasekhar (BJP) and CPI’s Pannyan Raveendran. Similarly, Hema Malini faces Congress’s Mukesh Dhangar in Mathura, while Om Birla squares off against Prahlad Gunjal of the Congress in Kota. Union Minister Shekhawat seeks his third victory from Jodhpur, opposing Congress candidate Karan Singh Uchiyarda.

'Congress insults Shakti, reflects Muslim League ideology': PM Modi at rally in Uttar Pradesh's Pilibhit

Related News

shorts

YES Bank’s Q4 FY24 results reported a net profit of Rs 467.29 crore, a 126.61% increase from last year, with a steady net interest margin of 2.4%. Total income also rose by 25%. MD and CEO Prashant Kumar emphasized the bank’s RoA expansion, growth in deposits and CASA ratio, and digital expansion. The bank is committed to executing its RoA expansion plan.

Photo Gallery

10 Moto G64 5G in for review: Unboxing new Motorola budget phone with starting price of less than Rs 15,000

6 Top 6 World’s most expensive cars cost over Rs 300 crores combined: Cars for the planet’s richest

4 Arvind Kejriwal’s wife Sunita quits govt: What we know so far

Latest News

golf, sports, meraj shah, opinion

Over the top by Meraj Shah: The brawn and short of it

HealthifyMe, health app, workforce, workforce cut

HealthifyMe slims workforce by 30% amid global push

music, artificial intelligence, A.I. ,transformx

Musicians vs AI

eyecare, summer, lifestyle, eyes, health

Eyecare in summer: How to protect eyes from the harsh sun

ivf, healthcare, health and wellness, lifestyle

Is there a right age for IVF?

Trending topics.

  • IPO’s Open and Upcoming 3
  • Stock Analysis
  • Financial Literacy
  • NSE Top Gainers 1281
  • NSE Top Losers 1252
  • BSE Top Gainers 2148
  • BSE Top Losers 1872
  • NSE 52-Week High 0
  • NSE 52-Week Low 0
  • BSE 52-Week High 0
  • BSE 52-Week Low 0
  • NSE Price Shocker
  • NSE Volume Shocker
  • BSE Price Shocker
  • BSE Volume Shocker
  • NSE Sellers
  • BSE Sellers
  • Silver Rate Today
  • Petrol Rate Today
  • Diesel Rate Today

Special Public Prosecutor Ujjwal Nikam at TADA court on Tuesday , first time after being made an approver in the 26/11 Mumbai attacks case, Pakistani-American LeT operative David Headley deposed before a Mumbai court through video conference. Express Photo by Ganesh Shirsekar.

IMAGES

  1. TTF Kolkata celebrates 30 years of travel fairs in India

    india travel market

  2. Lo que debes saber antes de viajar a India

    india travel market

  3. 12 popular traditional markets in India worth visiting

    india travel market

  4. Tourism Industry in India

    india travel market

  5. 13 Best Tourist Attractions of Delhi by Road in November 2020

    india travel market

  6. 12 popular traditional markets in India worth visiting

    india travel market

VIDEO

  1. Mutton Seekh Kebabs in Delhi, India 🇮🇳

  2. Beef Biryani in Old Delhi 🇮🇳

  3. Learning a Slang Word in Delhi, India 🇮🇳

  4. Offered 'Indian AirPods' in Old Delhi 🇮🇳

  5. The Future Of Road Travel In India

  6. Tourism economy of India Explained

COMMENTS

  1. Travel and tourism industry in India

    Value of the travel market in India from financial year 2018 to 2020, with an estimate for 2027 (in billion U.S. dollars) Premium Statistic Travel market distribution in India FY 2018-2027, by type

  2. From India to the world: Unleashing the potential of India's tourists

    Boosted by rising economic prosperity and a fast-growing economy, India is set to be an important global source market for leisure travel.India is now the fifth-largest economy, and its population has surpassed China's to become the largest in the world, at over 1.4 billion people. 1 World Bank national accounts data, GDP (current US$) India, accessed September 2023; World population ...

  3. India Online Travel Market Size, Share

    The India Online Travel Market size is estimated at USD 17.24 billion in 2024, and is expected to reach USD 28.40 billion by 2029, growing at a CAGR of 10.5% during the forecast period (2024-2029). India's online travel industry was hit hard by COVID-19. However, long-term growth fundamentals were intact.

  4. Indian Tourism Industry to Generate $24 Billion in 2024

    Learn More. The travel and tourism industry in India is projected to generate revenue of nearly $24 billion in 2024, according to industry promotions body India Brand Equity Foundation. At an ...

  5. India Travel Market Report 2021-2025

    India's travel market is well on its way to recovery and new developments. After plummeting 69% in 2020, travel gross bookings grew by 91% in 2021 to $19.1 billion, as the India travel market recovered from the pandemic-induced downturn. While this growth came on the back of a significantly diminished base, the strong upward trajectory illustrates a robust recovery after the pandemic-induced ...

  6. India Travel Market Report 2022-2026: Phocuswright

    After nearly collapsing due to COVID-related shutdowns and restrictions in 2020 and 2021, India's travel market witnessed a strong rebound in 2022. Gross bookings for the India travel market grew 72% to $33.2 billion in 2022, ultimately surpassing pre-pandemic totals, and double-digit gains were projected for 2023 as well.

  7. Travel market in India projected to reach $125 billion by FY27 ...

    Before the onset of the pandemic, the Indian travel and tourism industry was expected to witness an annual growth rate of 6.9% during 2019-2028 to reach $460 billion, approximately 9.9% of India ...

  8. India

    Overview. India has emerged as the largest source market for outbound travelers in Asia in 2022, surpassing China, South Korea, and Japan. The latest report published at ITB Berlin 2024 indicates an impressive year-on-year rise of 190% for Indian outbound travelers, a sharp recovery from the depths of the COVID-19 pandemic.

  9. India Travel & Tourism Markets, Competition, Forecast and Opportunities

    India Travel & Tourism Market has valued at USD 18.92 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 13.45% through 2029.

  10. India Travel and Tourism

    According to NTTO statistics, a total of 1,256,915 Indians traveled to the United States, making India the 6th largest market for arrivals. The total value of U.S. tourism exports to India stood at $13.3 billion in 2022. With the number of visitations to the United States increasing year-on-year, industry sources forecast that India will ...

  11. Hospitality Sector, Tourism In India

    The travel market in ...

  12. India's travel and tourism sector poised for growth: Projected revenue

    India's travel and tourism sector poised for growth: Projected revenue to reach USD 23.72 bn by 2024 The travel and tourism market in India is set to generate a revenue of USD 23.72 billion in 2024, with a projected annual growth rate (CAGR 2024-2028) of 9.62 per cent, according to projections by the India Brand Equity Foundation (IBEF). This growth trajectory is expected to propel the market ...

  13. Tourism Industry in India

    In light of India's G20 Presidency and the India@75 Azadi ka Amrit Mahotsav celebrations, the Ministry of Tourism has designated 2023 as the 'Visit India Year' to promote inbound travel. The Honorable Prime Minister has envisioned a mission mode approach to develop tourism during Amrit Kaal, with a strategic roadmap for the next 25 years.

  14. India Travel & Tourism Markets Report 2023: A $39.55

    India Travel & Tourism Market has valued at USD 18.92 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 13.45% through 2029.

  15. 50+ India Travel & Tourism Statistics [Fresh For 2024!]

    The hotel market in India is a booming industry, valued at US$ 32 billion in 2020 and forecast to reach US$ 52 billion in 2027. 39. In 2020, domestic travel made up 80% of the hotel market in India. [Statista] 40. As of 2023, the occupancy rate of hotels in India was 68%, an increase from 34% in 2021.

  16. India Travel Market 2020-2024: By the Numbers

    In line with most of the APAC region, India's travel industry has been deeply affected by the pandemic. Beginning in spring 2020, coronavirus case rates have been fluctuating, and a devastating wave of infections a year later has greatly complicated the return to travel. India's travel market shrank 67% in 2020, and it will be several years before there is a full recovery to pre-pandemic levels.

  17. India Travel Market Report 2020-2024

    The India travel market faces significant challenges, following a year of pandemic-related lockdowns and restrictions. While coronavirus case rates initially fluctuated, by the beginning of 2Q21 the country was paralyzed by a second wave of infections that is likely to derail travel recovery in the short term. Still, mobile penetration has set new records as travelers increasingly turn to ...

  18. Hyatt Hotels Sets Sights on India's Thriving Leisure Market

    Hyatt Hotels definitely has its eyes on India and the focus specifically is on domestic Indian leisure travelers. "The leisure travel market is primarily driven by Indians traveling within India ...

  19. Indians are travelling abroad more than ever: Check where we ...

    India's tourism industry is experiencing remarkable growth, with Indians set to spend over $42 billion annually on outbound travel by 2024.

  20. Indian airlines are on a shopping spree. Here's proof

    The Indian aviation industry is experiencing a surge in air travel demand, prompting airlines to invest in expanding their fleets through substantial aircraft orders. The most recent development involves IndiGo, placing an order for 30 A350-900 widebody aircraft from European manufacturer Airbus on April 25, 2024.

  21. Elon Musk postpones India visit, citing Tesla obligations

    Elon Musk has postponed his planned trip to India, citing "very heavy" obligations at Tesla. The Tesla CEO was due to arrive in India next week for a visit that was expected to include a ...

  22. India's IndiGo orders 30 Airbus A350s in bet on long-haul routes

    The number of international air travellers in India is expected to grow to 160 million by 2030 from 64 million in 2019, according to industry and government data, but the bulk of the traffic still ...

  23. India's IndiGo Moves Into Longhaul Game With Airbus A350 Order

    India's IndiGo Gets Into Longhaul Game With Airbus A350 Deal ... -haul specialist into one of the biggest customers for the plane and giving the budget airline an edge in the booming market for ...

  24. Lok Sabha Elections 2024 Voting Highlights: Nearly 61 per cent turnout

    India Election 2024 Phase 2 Voting Highlights: In the second phase of Lok Sabha elections, covering 88 seats across 13 states, nearly 61 percent voter turnout was reported. Polling for the second ...