In 2023, inbound travel to India is set to see robust growth on the back of international events, coupled with government initiatives. Global political gatherings such as the G20 summit, and the hosting of international sporting events have helped highlight the warm hospitality and vibrant culture of the country.
Airlines is set to experience robust demand and growth in 2023, driven by the increased desire to travel by air amongst consumers beyond major metro cities, such as Surat, Ghaziabad, Lucknow, and others. This is expected to help airlines in India to exceed the pre-pandemic levels of value sales and passenger numbers in 2023.
Hotels is set to witness healthy growth in 2023, on the back of the surge in travel fuelled by global events such as the G20 summit, the Cricket World Cup, and the Hockey Men’s World Cup. Furthermore, the demand for spiritual travel, coupled with short-haul weekend trips, has also increased travel during the year, taking the occupancy level of hotels to about 63%.
The desire for a seamless customer journey has pushed more consumers to shift online for travel bookings in 2023. The competitive pricing structure through payment-related discounts, the ability to cross-compare, and additional benefits are expected to allow online travel intermediaries to witness the fastest growth amongst all travel booking channels during the year.
India’s travel industry has promising growth opportunities ahead, driven by the government’s unwavering emphasis on tourism, coupled with heightened consumer interest in travel. The Indian government’s focus on expanding flight connectivity within the country, and its ambitious plans to elevate the rail experience through the introduction of high-speed trains, is likely to elevate the travel experience for tourists in the coming years.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Travel industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Travel industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Travel
Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.
See All of Our DefinitionsThis report originates from Passport, our Travel research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!