India Travel Services Market To Grow By USD 11.11 Billion During 2021-2025 | Increase in international tourist traffic to stimulate growth | Technavio

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Travel services market in India: Increase in the number of mergers and acquisitions, partnerships and strategic alliances to stimulate growth

Mergers and acquisitions activities, partnerships and strategic alliances help players to increase their market share, improve their services and expand their geographic reach and service portfolios. Many providers operating in the travel services market in India are actively focusing on acquiring other businesses and related players in order to improve their customer base and expand their services across the country. The market is also witnessing partnerships between vendors and government agencies as such partnerships enhance vendors’ business strategies and their presence in the travel services market by. India. The growing number of M&A activity, partnerships and strategic alliances is leading to improved services offered in the travel services market in India, in turn fueling its growth.

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According to Technavio, the increasing attendance of international tourists will have a positive impact on the market and contribute significantly to its growth during the forecast period. This research report also analyzes other important trends and market drivers that will influence the growth of the market during the period 2021-2025.

Travel services market in India: Increase in international tourist traffic

Inbound tourism in India has grown at a rapid rate, consequently driving the number of tourists and fueling the demand for travel services in India. The growth in tourist attendance is the increase in the number of travelers heading to India. The increase in the number of tourists and international visitors India accelerates the demand for travel services. The tourism industry in India is growing at a rapid pace, thanks to improved air, rail and road connectivity infrastructure to the cities of India and the growing number of government initiatives to promote tourism in the country. Growth in the number of international tourist arrivals is fueling growth in demand for travel services in India, consequently driving the value of market sales.

“The introduction of several low-cost airlines, increased disposable income, government initiatives, improved connectivity, foreign direct investment (FDI) in the Indian civil aviation sector will further stimulate growth market over the forecast period, “said a senior analyst at Technavio.

Travel services market in India: Main suppliers

  • Airbnb Inc.
  • Cleartrip Pvt. Ltd.
  • Cox and Kings Ltd.
  • Indian Railway Catering and Tourism Corp. Ltd.
  • ITC Ltd.

Travel services market in India: Segmentation analysis
This market research report segments the travel services market in India by service (domestic flight services, hotel accommodation services, train ticket services, taxi services and others) and reservation (online and offline).

The APAC region has dominated the travel services market in India in 2021, followed by India respectively. During the forecast period, APAC region is expected to register the highest incremental growth due to factors such as increasing adoption of online payment platforms.

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Related reports on consumer discretionary include:

Global Luxury Travel Market- The luxury travel market is segmented by Type (Adventure, Custom, Cruise & Yachting, Culinary & Others), Consumers (Domestic & International), Geography (Europe, North America, APAC, MEA and South America) and the main suppliers.

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Global Golf Tourism Market– The golf tourism market is segmented by type (national and international) and by geography (North America, Europe, APAC, South America, and MEA).

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Some of the main topics covered in the report include:

Market challenges

Market factors

Market trends

Supplier landscape

  • Covered suppliers
  • Supplier ranking
  • Positioning of sellers in the market
  • Competitive scenario

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