India Outbound Tourism Market Size Growing at 10.9% CAGR Set to Reach USD 60 Billion by 2031

India's outbound tourism market size is expected to reach $60 billion by 2031, growing at a CAGR of 10.9% over the forecast period 2023-2031.
DELHI, India - July 13, 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.

The Report Analyses the Market on the Basis of Countries and Presents the Forecast in Terms of Value and Volume for the Next 8 Years. The Top 32 Countries Included in the Report are:
  1. Singapore
  2. Thailand
  3. United States
  4. Australia
  5. China
  6. Japan
  7. New Zealand
  8. Sri Lanka
  9. Taiwan
  10. Bhutan
  11. Nepal
  12. Cambodia
  13. Mauritius
  14. United Kingdom
  15. Canada
  16. Maldives
  17. Switzerland
  18. Philippines
  19. Myanmar
  20. Malaysia
  21. Turkey
  22. Oman
  23. Qatar
  24. United Arab Emirates (UAE)
  25. Bahrain
  26. Saudi Arabia
  27. Kuwait
  28. Egypt
  29. Germany
  30. Italy
  31. Netherlands
  32. France
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