January 18, 2022
According to the research report titled ‘India Outbound Tourism Market: Demand, Insights, Analysis, Opportunities, Growth Potential and Forecasts to 2026’, available with MarketStudyReport, India outbound tourism market is anticipated to amass USD 62 billion by the end of the year 2026.
India outbound tourism market is mainly driven by rising disposable income of the population, growing popularity of travel & tourism, and rapid economic progress.
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To elaborate further, India has the world's second-largest population and is the world's fastest-growing major economy. India's economic development will directly contribute to the growth of the middle class, resulting in increased wealth and discretionary spending. It gives destination marketers an opportunity to capitalize on the country's young population, which includes Gen Z and millennials, who are more willing to travel worldwide.
The latest research report on India outbound tourism market delivers a comprehensive analysis of the current business scenario, growth driving factors, lucrative opportunities, as well as existing and upcoming challenges that will govern the growth trajectory of the industry over 2021-2026.
The study discusses lucrative prospects, present and future trends in India outbound tourism market, spending, the purpose of visits, and major destination markets using credible data and analysis.
The report offers valuable insights into the outbound tourism scene across 32 countries, including France, Netherlands, Italy, Germany, Egypt, Kuwait, Saudi Arabia, Bahrain, United Arab Emirates (UAE), Qatar, Oman, Turkey, Malaysia, Myanmar, Philippines, Switzerland, Maldives, Canada, United Kingdom, Mauritius, Cambodia, Nepal, Bhutan, Taiwan, Sri Lanka, New Zealand, Japan, China, Australia, United States, Thailand, and Singapore.
Proceeding deeper into the research, a separate section to determine which country has the highest tourist visits by the population of India is provided. In addition, the report documents the trend evolution during the study period of 2020-2026.