India Travel Services Market Analysis and Outlook Over the Forecast Period, 2020-2024 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The Report “India Travel Services Market by Service and Mode of Booking – Forecast and Analysis 2020-2024” has been added to from ResearchAndMarkets.com offer.

India Travel Services Market: About This Market

India travel services market analysis considers sales of both online and offline booking modes. In 2019, the online segment held a large market share, and this trend is expected to continue during the forecast period. Factors such as secure transactions and simple and convenient return policies will play an important role in the online segment to maintain its position in the market. Further, our India Travel Services Market report examines factors such as increasing number of mergers and acquisitions, strategic partnerships and alliances, rising international tourist footfall and rising number of marketing and promotional activities. However, the huge competition among players leading to price war, expansion of services in remote locations and operational challenges for travel service and vacation package providers might hamper the growth of the travel services market in the Indian industry over the forecast period.

India Travel Services Market: Overview

Increase in international tourist attendance

The number of international tourists to India has seen a tremendous increase in recent years. The growth of inbound tourism can be attributed to the increasing number of travelers visiting India for international and domestic business trips, leisure and sports trips. A significant number of multinational companies in the country has a positive impact on the number of corporate business visits to India from all over the world. Apart from business travel, India’s tourism industry is also growing at a rapid pace, thanks to improved air, rail and road connectivity infrastructure to Indian cities and the growing number of government initiatives aimed at promote tourism in the country. Such growing growth in the tourism industry will lead to the expansion of the travel services market in India at a CAGR of almost 19% during the forecast period.

Introduction of low cost airlines

Airlines are one of the preferred modes of transport for tourists and travelers due to their comfort and short travel time. Group booking of airline tickets often proves to be quite cumbersome for customers. Therefore, travelers are increasingly looking for cheap or economy airfares to meet their needs without having to bear the burden of additional costs. The introduction of low-cost airlines has been a relief for travelers and holiday and tour service providers. It has also encouraged companies in the SME sector to opt for the plane for their business trips. This development is expected to have a positive impact on the overall market growth.

Main topics covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF REPORT

  • Preface

  • Currency conversion rates for the US dollar

PART 03: MARKET LANDSCAPE

  • Market ecosystem

  • Market characteristics

  • Market Segmentation Analysis

PART 04: MARKET SIZE

  • Market definition

  • Market size 2019

  • Market Outlook

  • Market Size and Forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • The bargaining power of buyers

  • Bargaining power of suppliers

  • The threat of new entrants

  • The threat of substitutes

  • Threat of rivalry

  • Market state

PART 06: MARKET SEGMENTATION BY SERVICE

  • Market segmentation by service

  • Comparison by service

  • Domestic Flight Services – Market size and forecast 2019-2024

  • Hotel accommodation services – Market size and forecast 2019-2024

  • Rail Ticketing Services – Market size and forecast 2019-2024

  • Taxi/Taxi Services – Market size and forecast 2019-2024

  • Domestic Bus Services – Market size and forecast 2019-2024

  • Vacation packages – Market size and forecast 2019-2024

  • Market opportunity by service

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY BOOKING METHOD

  • Market segmentation by booking method

  • Comparison by booking method

  • Online – Market size and forecast 2019-2024

  • Offline – Market size and forecast 2019-2024

  • Market opportunity by booking method

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market factors

  • Market challenges

PART 11: MARKET TRENDS

  • Introduction of low cost airlines

  • Increased contribution of travel and tourism to GDP and employment

  • Technological Advancements in Mobile and Website Travel Services

  • platforms

PART 12: VENDOR LANDSCAPE

  • Insight

  • Landscape disturbance

  • Competitive scenario

PART 13: SUPPLIER ANALYSIS

  • Suppliers Covered

  • Ranking of suppliers

  • Positioning on the supplier market

  • Airbnb inc.

  • Cleartrip Pvt. ltd.

  • Cox & Kings Ltd.

  • Indian Railway Catering and Tourism Corp. ltd.

  • ITC Ltd.

  • MakeMyTrip Ltd.

  • Oravel Stays Pvt. ltd.

  • Thomas Cook (India) Ltd.

  • TripAdvisor Inc.

  • Yatra Online Inc.

For more information about this report visit https://www.researchandmarkets.com/r/vt080z

Willie R. Golden