Posted 12/19/2023, 9:54:51 AM
India Set to Become 3rd Largest Domestic, 5th Biggest Outbound Travel Market by 2027
- India projected to become 5th largest outbound travel market by 2027, spending $89 billion compared to 10th currently
- Expected to have 3rd largest domestic travel market by 2027, spending $174 billion
- Will be behind only US, China, Germany, UK in outbound travel by 2027
- Outbound travel share increased from 17% in 2019 to 32% in 2022
- 5 states (Tamil Nadu, UP, Andhra Pradesh, Karnataka, Maharashtra) account for 65% of domestic tourism