$60+ Billion India Outbound Tourism Market to Grow at 10+% CAGR, by 2031

DELHI, India - Nov. 17, 2023 - PRLog -- Rising personal income levels and greater accessibility will enable international travel for a greater proportion of India's population. India's sizable global diasporas and international student body will continue to be a pull factor for visiting friends and relatives. In addition, affluent Indian travelers will seek first-class, personalized experiences that exude cachet. Business travel will expand in line with commercial interests, with the meetings, incentives, conferences and exhibitions segment (MICE) offering the greatest prospects. The next generation of Indian travelers will be younger, more gender-specific, and less likely to travel in multi-generational family groups. By 2031, an estimated 50 million Indians will travel overseas.

India outbound tourism market report is a comprehensive study and presentation of drivers, restraints, opportunities, demand, market size, insights, forecasts and trends over the period 2015 – 2031. In addition, the report provides historical market data from 2015 to 2022 and forecasts to 2031.

The report uses data and analysis to discuss potential lucrative opportunities, current and future trends related to outbound travel from India, spending, purpose of visits, and key target markets. The report provides clear insight into current and future trends in the Indian outbound tourism market. In addition, this report uses country-specific analysis to study the India outbound tourism market. A detailed country-by-country analysis of the market is presented, covering a total of 32 countries. The driving forces and restraints are studied in detail to better understand the market and identify future growth opportunities in the market.

After conducting thorough research on the historical and current growth parameters, the growth prospects of the Indian outbound tourism market are obtained with maximum precision.

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