In 2024, travel in India is set to witness a slowdown in growth. In addition to sales and travel flows normalising after the pandemic disruption, this is due to challenges from rising living costs influencing domestic tourism.
Growth for airlines is expected to stabilise in 2024, on the back of the slowdown in growth for domestic travel, coupled with a growing inclination to take more economical trips via other modes of transport, such as rail or personal vehicle. Rising living costs have influenced the volume of passengers carried by airlines during the year.
Hotels is set to maintain robust growth in 2024, driven by the further expansion of branded hotels, and heightened demand for luxury and budget hotels. Luxury hotels in India rely significantly on inbound leisure travellers, and a slowdown in growth of such arrivals has impacted such hotels in 2024.
Better accessibility and added benefits are expected to lead to the further penetration of online travel intermediaries in 2024. Such intermediaries, via interfaces supporting multiple regional languages, provide better convenience and accessibility in comparison with their online direct counterparts, acting in favour of strong growth for online travel intermediaries in India.
Initiatives by both public and private sectors are set to further enhance the attractiveness of travel in India, while strong local consumer demand for travel, with about two-fifths of consumers intending to increase their travel spending in the next 12 months, will further offer promising growth opportunities for India’s travel industry in the years ahead. India will continue to be a domestic-focused travel market, with growing interest in experience-focused travel.
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!