India Outbound Tourism Market Value to Exceed USD 40 Million By 2026

January 11, 2022

According to the research report titled ‘India Outbound Tourism Market on the Rise Post COVID-19 Pandemic and Forecast to 2026’, available with MarketStudyReport, India outbound tourism market valuation is projected to exceed USD 40 million by the year 2026.

Credible sources cite that the growth of India outbound tourism market can be credited to rising disposable income of the population and the country’s economic growth.

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India is the world's second most populous country, as well as one of the world's fastest-growing economy. The country's economic growth will directly contribute to an expansion in the middle-class population, resulting in more wealth and discretionary income. It presents an opportunity for destination marketers to leverage the country's young population, which includes Gen Z and millennials who are more likely to travel internationally.

Outbound travel is also reasonable and accessible because to the country's improved infrastructure and growing low-cost airline market.

Air connectivity between India and other countries has also improved tremendously over time. First-time visitors prefer to travel to Asian countries as they are closer to India and less expensive than western locations, further increasing India outbound tourism industry remuneration scope.

Speaking of recent developments, the outbreak of COVID-19 pandemic came as a setback for tourism sector. It significantly brought down the number of travels due to movement restrictions and lockdowns. However, the country’s tourism business is expected to gain uptick post the pandemic and will once again become a sought-after avenue.

The latest research report on India outbound tourism market delivers a comprehensive analysis of the current business scenario, growth driving factors, lucrative opportunities, as well as existing and upcoming challenges that will govern the growth trajectory of the industry over 2021-2026.

Moreover, the document examines the marketplace using a country-focused analysis. A full country-by-country examination of the market is offered, with a total of ten countries covered, including Switzerland, Thailand, the United States, the United Arab Emirates (UAE), Oman, France, the United Kingdom, Canada, and Qatar.

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