February 22, 2021
According to the research report titled ‘India Outbound Tourism Market: Demand, Insights, Analysis, Opportunities, Growth Potential and Forecasts to 2026’, available with Market Study Report LLC, India outbound tourism market is projected to accumulate USD 62 billion during 2020-2026.
The business intelligence report on India outbound tourism market envelops the growth potential, lucrative prospects, valuable insights, and existing & upcoming challenges controlling the industry dynamics over 2020-2026. It provides information regarding current market scenario as well as future outlook of the industry.
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The document, through deductive analytics, elaborates on potential growth opportunities, present and future trends, with respect to India outbound tourism industry expenditure, flow, and key destination markets. It unveils the contribution of each region to the overall business growth, while highlighting the size and shares of the market and sub-markets. The report scrutinizes the past data for 2014-2019, in order to make predictions about remuneration and expansion graph from 2020 till 2026.
As per business intelligence report, an array of countries is considered where tourists are bound to travel, either for recreational purposes or for business motives. A total of 32 nations namely, New Zealand, Japan, Singapore, Canada, Thailand, United Kingdom, United States, Australia, China, Sri Lanka, Taiwan, Bhutan, Nepal, Cambodia, Mauritius, Maldives, Switzerland, Philippines, France, Netherlands, Italy, Germany, Egypt, Kuwait, Saudi Arabia, Bahrain, United Arab Emirates (UAE), Qatar, Oman, Turkey, Malaysia, and Myanmar are analyzed for visitation, tourism spending, and purpose of visit.
The document helps understand this business domain better by addressing questions by unveiling the country that received the highest number of Indian tourists, and main purpose of visits for the Indian outbound tourists. It further hosts a section to determine the evolution in the industry during the assessment period of 2020-2026.