February 22, 2021
As cited by the business intelligence report titled ‘Impact of COVID-19 Outbreak on Indian Outbound Travelers Traffic and Market Revenue to the GCC (United Arab Emirates Countries’, available with Market Study Report LLC, the GCC is expected to attract around 7.7 million travelers from India during 2018-2025, generating revenues worth USD 12 billion by the end of the analysis timeframe.
The study states that rising disposable incomes of individuals in India is primarily impelling the Indian outbound travelers and contributing to market valuation.
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Additionally, growing population, flourishing tourism sector, availability of weekly flights from India to the GCC countries, and rising adoption of air transport services are further stimulating the overall market outlook. However, the Covid-19 pandemic has plunged the revenue generation, owing to lockdown, travel bans, and social distancing measures adopted by government both Indian as well as GCC countries.
The analysis report aims to deliver important information germane to the various growth stimulants, profitable prospects, restraints, limitations, and additional trends influencing the growth trajectory of this business space during 2018-2025. A comparative scrutiny of the latest developments as well as past records is also conducted to unveil effectual investment strategies for the coming years.
Having said that, the business intelligence report highlights the various market segments. It also talks about the numerous companies operating in the industry along with their relevant market share and strategies implemented to gain a competitive head start.
Apart from this, the study also offers critical information reflecting the industry size, gross margins, revenues, volume, and illustrative forecast through 2025. It offers a country-level fragmentation of the vertical with a comprehensive study of each geography.
The major countries analyzed in the impact of COVID-19 outbreak on Indian outbound travelers traffic and industry revenue to the GCC countries report include Bahrain, Kuwait, Qatar, Saudi Arabia, Oman, and United Arab Emirates (UAE).
The document concludes by providing data about the prominent industry partakers such as their business profile, and service portfolio.