Travel & Tourism Market - India
Market Statistics
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Years: 2025-2033
- Market Size in 2024: USD 22.47 Billion
- Market Size in 2033: USD 38.12 Billion
- Market Growth Rate (CAGR) 2025-2033: 6.10%
According to IMARC Group's report titled "India Travel & Tourism Market Report and Forecast 2025-2033," the market reached USD 22.47 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 38.12 billion by 2033, exhibiting a growth rate (CAGR) of 6.10% during 2025-2033.
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India Travel & Tourism Market Trends and Drivers:
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India travel and tourism industry is witnessing strong growth, driven by rising disposable incomes, improved domestic and international connectivity, and a youth population eager for holidays and experiential travel.
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Increasing popularity of weekend getaways, spiritual tourism, and eco-tourism is redefining traditional holiday behavior among Indian travelers.
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Government initiatives like Udan and the development of reputed tourist destinations are strengthening domestic travel and tourism infrastructure.
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Expansion of low-cost carriers, web-based travel portals, and mobile applications is making travel more accessible and convenient for all income groups and regions.
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Social media influence and the trend of sharing travel experiences are fueling travel aspirations among Indian youth.
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India’s rich cultural heritage, diverse landscapes, and spiritual sites continue to attract inbound tourism, supported by e-VISA schemes and international marketing campaigns.
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Post-pandemic growth in wellness tourism, including Ayurveda, yoga retreats, and medical tourism, is creating niche segments gaining popularity among domestic and international travelers.
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Luxury travel and personalized experiences are rising in demand among high-net-worth individuals seeking private charters and bespoke destination experiences.
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Business travel, MICE (meetings, incentives, conferences, and exhibitions), and destination weddings are emerging as significant market drivers.
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Tier 2 and Tier 3 cities are unveiling new tourist circuits, supported by hospitality sector investments, reducing congestion at traditional hotspots.
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Growing demand from environmentally conscious travelers is boosting eco-tourism, sustainable tourism, and community-based tourism, prompting operators to adapt offerings.
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Adoption of AI and big data analytics is enabling travel companies to provide personalized recommendations, optimize pricing in real-time, and enhance customer loyalty.
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Overall, the synergy between digital transformation, rising aspirations, infrastructure development, and supportive government measures is making India’s travel and tourism market a robust, inclusive, and dynamic ecosystem catering to diverse segments of modern travelers.
The India travel & tourism market forecast offers insights into future opportunities and challenges, drawing on historical data and predictive modeling.
Type Insights:
- Domestic
- Inbound
- Outbound
Service Offering Insights:
- Ticket Reservation
- Hotel Booking
- Holiday/Tour Packages
- Others
Purpose of Visit Insights:
- Business
- Leisure and Recreation
- Education
- Medical
- Social Activity
- Others
Booking Type Insights:
- Travel Companies
- Travel Agencies
- Online
- Others
Regional Insights:
- North India
- South India
- East India
- West India
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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