India Outbound Tourism Market is expected US$ 42 Billion by 2024

2024-11-01 06:16:36 Lifestyle

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Indian Outbound Tourism Market is expected to surpass US$ 42 Billion by the end of year 2024. India is second largest most populous country in the world with the tag of fastest growing major economy globally. Due to this economic growth, its people are earning more year on year and their disposable income is also growing. Air connectivity from India to foreign locations has also improved significantly over period of time. First time Indian visitors generally prefer to visit Asian countries due to their proximity to India and being less expensive compared to western destinations. In the case of long-haul travel Indians prefer going to United States (US), Australia, Europe, New Zealand etc.

Thailand, Singapore and United States are the most favorite Tourist Destination for Indians
In this report, we have done comprehensive analysis of top 11 destinations for India outbound tourist. We have also studied the number of separate factors that affects Indian outbound tourist to each of 11 destinations. In addition, we have done detailed analysis of growth drivers.

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Number of Indian Business Tourists visited Japan is bigger than Holiday Tourists Number
According to Renub Research analysis, the number of business tourist from India visited Japan is larger than the number of holiday tourist. Indian outbound business tourist to China is also showing positive trend and will be continue in forecast period of time. Indian tourists visit to Thailand in huge numbers because of its affordability and proximity. Thailand currency (Thai Baht) gaining the benefit of tourism arrival due to strong position against Dollar and Euro.

United States is Prime Destination for Higher Spending
United States is prime destination for Indian outbound travelers in the world. Around more than 1/3rd the total worldwide expenditure by Indian tourist is spent in United States alone. United States is popular destination for the entire segment like holiday, VFR, Business and Others.

Renub Research report entitled ?India Outbound Tourism Market, Tourists Purpose of Visit (Holiday, VFR (Visit Friends & Relatives), Business, Others) Tourists Spending, Countries (Hong Kong, Japan, Singapore, United States, United Kingdom, Thailand, Australia, Canada, South Africa, China, South Korea) & Forecast? is the 4th edition report on the fast-evolving, high-growth India Outbound Travel Industry.

This market research report provides a complete analysis of top 11 countries of India outbound tourism market. All the country in the report has been studied from 5 view points
1) India Outbound Tourists Numbers
2) India Outbound Tourists Market (Spending)
3) India Outbound Tourists Tourism Types (Business, Holiday/Leisure, VFR & Others)
4) India Outbound Tourism Types Market (Business, Holiday/Leisure, VFR & Others)
5) Growth Drivers and Challenges Analysis

Top 11 Countries Analysed
1. Singapore
2. Thailand
3. United States
4. Hong Kong
5. United Kingdom
6. Australia
7. China
8. Canada
9. Japan
10. South Africa
11. South Korea

Tourism Types (Purpose of Visit) ? Tourists Numbers & Market for Each Country
? Holiday
? VFR (Visit Friends & Relatives)
? Business
? Others

Who should buy this Report?
? This report is useful for those who want to know Tourism Market of India
? Which is most favourable destination for India outbound Tourist?
? Which is most favourable destination for India outbound spending?
? Which Country is most attractive for holiday/Business/VFR/Others purpose outbound tourist?
? Which country is most spending destination for holiday/Business/VFR/Others purpose travellers?

We recommend this report as must-read for Travel and Tour stake holders, Hotel Industry, Tourism Ministry, Consulting firms, Private Equity firms, Venture Capital firms etc.

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