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Report Description

Report Description

India travel & tourism market stood at $ 56 billion in 2017 and is projected to grow at a CAGR of over 7.5% to reach $ 86 billion by 2023, on account of growing domestic and foreign tourist footfall and increasing number of religious and leisure trips. Rising infrastructural developments, increasing standards of living, and growing regional and central government’s focus on promoting tourism sector are some of the other major factors expected to aid the country’s travel & tourism market in the coming years. Growth in the market is also anticipated to be backed by increasing interest in the country’s culture and heritage among domestic travelers coupled with booming rural tourism across India.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • To analyze and forecast the India travel & tourism market size, in terms of value as well as volume.
  • To define, classify and forecast India travel & tourism market by product/service offering, type, purpose of visit, tourist profile, and average duration of stay.
  • To scrutinize the detailed market segmentation and forecast the market size in terms of value, by segmenting India travel & tourism market into four regions namely, North, West, East and South.
  • To identify tailwinds and headwinds for India travel & tourism market.
  • To examine competitive developments such as expansions, new offerings and mergers & acquisitions in India travel & tourism market.
  • To strategically profile the leading players operating in travel & tourism sector of India.


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Some of the major players operating in India travel & tourism market are MakeMyTrip (India) Private Limited, SOTC Travel Services Pvt. Ltd., Yatra Online Private Limited, Indian Railway Catering and Tourism Corporation Ltd., Cleartrip Pvt. Ltd., Jet Airways (India) Limited, Air India Ltd., Indian Hotels Company Limited, Cox & Kings Ltd., Travel Corporation (India) Ltd., etc.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of travel & tourism companies in India. Subsequently, we conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include companies that could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, end use sector/s, and regional presence of all major travel & tourism service providers across the country.

TechSci Research calculated the India travel & tourism market size using a bottom-up approach, where companies’ value & volume sales data for different types (Domestic, Inbound and Outbound) was recorded and forecast for future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective companies to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations, financial reports, Ministry of Tourism, World Travel & Tourism Council, World Bank, were also used by TechSci Research.


Key Target Audience:

  • Travel & tourism companies operating in India
  • Associations, organizations, associations and alliances related to travel & tourism
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as travel & tourism service providers, agents and policymakers. The report provides vital insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, India travel & tourism market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Product/Service Offering:
    • Ticket Reservation
    • Hotel Booking
    • Holiday/Tour Packages
    • Travel Insurance
    • Foreign Exchange
    • Conference/ Trade Fair Service/MICE
    • Visa Services
    • Others
  • Market, by Type:
    • Domestic
    • Inbound
    • Outbound
  • Market, by Purpose of Visit:
    • Business
    • Leisure & Recreation
    • Education
    • Medical
    • Social Activity
    • Others
  • Market, by Tourist Profile:
    • Indians
    • Foreign Nationals 
  • Market, by Average Duration of Stay: Number of Days
  • Market, by Geography:
    • North
    • East
    • West
    • South

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product & service offerings, etc.

Company Profiles: Detailed analysis of the major companies present in India travel & tourism market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of service providers and travel agents across the country.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Product Information

  • Detailed analysis of new products in the market and their driving forces in the market.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

Table of content

Table of content

1.       Travel & Tourism - An Introduction

2.       Research Methodology

3.       Executive Summary

4.       Voice of Customer 

4.1.    Frequency of Travel

4.2.    Brand Awareness

4.3.    Brand Preference

4.4.    Challenges faced by Customers

5.       Global Travel & Tourism Market Overview

6.       India Travel & Tourism Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value & Volume (Number of Tourists)

6.2.    Market Share & Forecast

6.2.1.By Product/Service Offering (Ticket Reservation, Hotel Booking, Holiday/Tour Packages, Travel Insurance, Foreign Exchange, Foreign Exchange, Conference/ Trade Fair/MICE and Others)

6.2.2.By Type (Domestic, Inbound and Outbound)

6.2.3.By Purpose of Visit (Business, Leisure & Recreation, Education, Medical, Social Activity and Others)

6.2.4.By Tourist Profile (Indians and Foreign Nationals)

6.2.5.By Average Duration of Stay (Number of Days)

6.2.6.By Region

6.2.6.1.   By Tourist Profile (Nationality)

6.2.6.2.   By Purpose of Visit (Business, Leisure & Recreation, Education, Medical, Social Activity and Others)

6.2.6.3.   By Average Duration of Stay (Number of Days)

6.2.6.4.   By Urban Vs Rural Tourism

6.2.6.5.   By Leading City

6.3.    Market Attractiveness Index

6.3.1.By Type

6.3.2.By Purpose of Visit

6.3.3.By Region

7.       India Leisure & Recreation Travel & Tourism Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value & Volume

7.2.    Market Share & Forecast

7.2.1.By Average Duration of Stay

7.2.2.By Type

7.2.3.By Tourist Profile

8.       India Religious Travel & Tourism Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value & Volume

8.2.    Market Share & Forecast

8.2.1.By Average Duration of Stay

8.2.2.By Type

8.2.3.By Tourist Profile

9.       India Business Travel & Tourism Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value & Volume

9.2.    Market Share & Forecast

9.2.1.By Average Duration of Stay

9.2.2.By Type

9.2.3.By Tourist Profile

10.   India Social Travel & Tourism Market Outlook

10.1.  Market Size & Forecast

10.1.1.    By Value & Volume

10.2.  Market Share & Forecast

10.2.1.    By Average Duration of Stay

10.2.2.    By Type

10.2.3.    By Tourist Profile

11.   India Medical Travel & Tourism Market Outlook

11.1.  Market Size & Forecast

11.1.1.    By Value & Volume

11.2.  Market Share & Forecast

11.2.1.    By Average Duration of Stay

11.2.2.    By Type

11.2.3.    By Tourist Profile

12.   India Education Travel & Tourism Market Outlook

12.1.  Market Size & Forecast

12.1.1.    By Value & Volume

12.2.  Market Share & Forecast

12.2.1.    By Average Duration of Stay

12.2.2.    By Type

12.2.3.    By Tourist Profile

13.   Market Dynamics

13.1.  Drivers

13.2.  Challenges

14.   Market Trends & Developments

14.1.  Emergence of Online Travel Services

14.2.  Growth of Wellness Tourism

14.3.  Rising Concept of B-leisure

14.4.  Visa on Arrival Policy

14.5.  Increasing Rural Tourism

15.   SWOT Analysis

16.   Policy & Regulatory Landscape

17.   India Economic Profile

18.   Competitive Landscape

18.1.  Competitive Benchmarking & Margin Analysis

18.2.  Company Profiles

18.2.1.    MakeMyTrip (India) Private Limited

18.2.2.    SOTC Travel Services Pvt. Ltd.

18.2.3.    Yatra Online Private Limited, India

18.2.4.    Indian Railway Catering and Tourism Corporation Ltd.

18.2.5.    Cleartrip Pvt. Ltd.

18.2.6.    Jet Airways (India) Limited 

18.2.7.    Air India Limited

18.2.8.    Indian Hotels Company Limited 

18.2.9.    Cox & Kings Ltd.

18.2.10.    Travel Corporation (India) Ltd.

18.2.11.    Thomas Cook (India) Ltd.

18.2.12.    Fairfax India Holdings Corporation

19.   Strategic Recommendations

 

Figures and Tables

List of Figures

 

Figure 1: Frequency of People Travelling, By Income Group, 2016 (Base=100)

Figure 2: Frequency of People Travelling, By Age Group, 2016 (Base=100)

Figure 3: Percentage of People Travelling, By Age Group, 2016 (Base=100)

Figure 4: Frequency of People Travelling, By Gender, 2016 (Base=100)

Figure 5: Percentage of People Travelling, By Income Group, 2016 (Base=100)

Figure 6: Brand Awareness Level, By Company, 2016 (Base=100)

Figure 7: Brand Preference Level, By Company, 2016 (Base=100)

Figure 8: India Travel & Tourism Market Major Challenges/Customer Pain Points (Base=100)

Figure 9: India Travel & Tourism Market Size, By Value (USD Billion), By Volume (Million Tourist), 2013-2023F

Figure 10: India Travel & Tourism Market Share, By Product/Service Offering, By Value, 2017 & 2023F

Figure 11: India Travel & Tourism Market Share, By Type, By Volume, 2013-2023F

Figure 12: India National Departures, 2011-2016 (Million)

Figure 13: India Foreign Tourist Arrivals, 2011-2016 (Million)

Figure 14: India Travel & Tourism Market Share, By Purpose of Visit, By Value, 2013-2023F

Figure 15: India Travel & Tourism Market Share, By Tourist Profile, By Volume, 2013-2023F

Figure 16: India Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2013-2023F

Figure 17: India Travel & Tourism Market Share, By Region, By Volume, 2013-2023F

Figure 18: North India Travel & Tourism Market Share, By Tourist Profile, By Volume, 2017

Figure 19: North India Travel & Tourism Market Share, By Tourist Profile, By Volume, 2023F

Figure 20: North India Travel & Tourism Market Share, By Purpose of Visit, By Value, 2017

Figure 21: North India Travel & Tourism Market Share, By Purpose of Visit, By Value, 2023F

Figure 22: North India Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2017

Figure 23: North India Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2023F

Figure 24: North India Travel & Tourism Market Share, By Urban Vs Rural Tourism, By Value, 2017

Figure 25: North India Travel & Tourism Market Share, By Urban Vs Rural Tourism, By Value, 2023F

Figure 26: North India Travel & Tourism Market Share, By Leading City, By Volume, 2017

Figure 27: North India Travel & Tourism Market Share, By Leading City, By Volume, 2023F

Figure 28: South India Travel & Tourism Market Share, By Tourist Profile, By Volume, 2017

Figure 29: South India Travel & Tourism Market Share, By Tourist Profile, By Volume, 2023F

Figure 30: South India Travel & Tourism Market Share, By Purpose of Visit, By Value, 2017

Figure 31: South India Travel & Tourism Market Share, By Purpose of Visit, By Value, 2023F

Figure 32: South India Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2017

Figure 33: South India Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2023F

Figure 34: South India Travel & Tourism Market Share, By Urban Vs Rural Tourism, By Value, 2017

Figure 35: South India Travel & Tourism Market Share, By Urban Vs Rural Tourism, By Value, 2023F

Figure 36: South India Travel & Tourism Market Share, By Leading City, By Volume, 2017

Figure 37: South India Travel & Tourism Market Share, By Leading City, By Volume, 2023F

Figure 38: West India Travel & Tourism Market Share, By Tourist Profile, By Volume, 2017

Figure 39: West India Travel & Tourism Market Share, By Tourist Profile, By Volume, 2023F

Figure 40: West India Travel & Tourism Market Share, By Purpose of Visit, By Value, 2017

Figure 41: West India Travel & Tourism Market Share, By Purpose of Visit, By Value, 2023F

Figure 42: West India Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2017

Figure 43: West India Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2023F

Figure 44: West India Travel & Tourism Market Share, By Urban Vs Rural Tourism, By Value, 2017

Figure 45: West India Travel & Tourism Market Share, By Urban Vs Rural Tourism, By Value, 2023F

Figure 46: West India Travel & Tourism Market Share, By Leading City, By Volume, 2017

Figure 47: West India Travel & Tourism Market Share, By Leading City, By Volume, 2023F

Figure 48: East India Travel & Tourism Market Share, By Tourist Profile, By Volume, 2017

Figure 49: East India Travel & Tourism Market Share, By Tourist Profile, By Volume, 2023F

Figure 50: East India Travel & Tourism Market Share, By Purpose of Visit, By Value, 2017

Figure 51: East India Travel & Tourism Market Share, By Purpose of Visit, By Value, 2023F

Figure 52: East India Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2017

Figure 53: East India Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2023F

Figure 54: East India Travel & Tourism Market Share, By Urban Vs Rural Tourism, By Value, 2017

Figure 55: East India Travel & Tourism Market Share, By Urban Vs Rural Tourism, By Value, 2023F

Figure 56: East India Travel & Tourism Market Share, By Leading City, By Volume, 2017

Figure 57: East India Travel & Tourism Market Share, By Leading City, By Volume, 2023F

Figure 58: India Travel & Tourism Market Attractiveness Index, By Type, By Volume, 2018E-2023F

Figure 59: India Travel & Tourism Market Attractiveness Index, By Purpose of Visit, By Value, 2018E-2023F

Figure 60: India Travel & Tourism Market Attractiveness Index, By Region, By Volume, 2018E-2023F

Figure 61: India Leisure & Recreation Travel & Tourism Market Size, By Value (USD Billion), By Volume (Million Tourist), 2013-2023F

Figure 62: India Leisure & Recreation Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2013-2023F

Figure 63: India Leisure & Recreation Travel & Tourism Market Share, By Type, By Volume, 2013-2023F

Figure 64: India Leisure & Recreation Travel & Tourism Market Share, By Tourist Profile, By Volume, 2013-2023F

Figure 65: India Religious Travel & Tourism Market Size, By Value (USD Billion), By Volume (Million Tourist), 2013-2023F

Figure 66: India Religious Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2013-2023F

Figure 67: India Religious Travel & Tourism Market Share, By Type, By Volume, 2013-2023F

Figure 68: India Religious Travel & Tourism Market Share, By Tourist Profile, By Volume, 2013-2023F

Figure 69: India Business Travel & Tourism Market Size, By Value (USD Billion), By Volume (Million Tourist), 2013-2023F

Figure 70: India Business Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2013-2023F

Figure 71: India Business Travel & Tourism Market Share, By Type, By Volume, 2013-2023F

Figure 72: India Business Travel & Tourism Market Share, By Tourist Profile, By Volume, 2013-2023F

Figure 73: India Social Travel & Tourism Market Size, By Value (USD Billion), By Volume (Million Tourist), 2013-2023F

Figure 74: India Social Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2013-2023F

Figure 75: India Social Travel & Tourism Market Share, By Type, By Volume, 2013-2023F

Figure 76: India Social Travel & Tourism Market Share, By Tourist Profile, By Volume, 2013-2023F

Figure 77: India Medical Travel & Tourism Market Size, By Value (USD Billion), By Volume (Million Tourist), 2013-2023F

Figure 78: India Medical Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2013-2023F

Figure 79: India Medical Travel & Tourism Market Share, By Type, By Volume, 2013-2023F

Figure 80: India Medical Travel & Tourism Market Share, By Tourist Profile, By Volume, 2013-2023F

Figure 81: India Education Travel & Tourism Market Size, By Value (USD Billion), By Volume (Million Tourist), 2013-2023F

Figure 82: India Education Travel & Tourism Market Share, By Average Duration of Stay, By Value, 2013-2023F

Figure 83: India Education Travel & Tourism Market Share, By Type, By Volume, 2013-2023F

Figure 84: India Education Travel & Tourism Market Share, By Tourist Profile, By Volume, 2013-2023F

Figure 85: Indian National Domestic Expenditure on Tourism, 2008-2016E & 2025F (USD Billion)

Figure 86: Number of Middle Class Households in India, 2011, 2015 & 2025F (Million)

Figure 87: India GDP per Capita, 2012-2016 (USD Thousand)

Figure 88: India Government Spending on Tourism Sector, 2008-2015 & 2025F (USD Billion)

Figure 89: India Government Capital Investments in Tourism Sector, 2008-2015 & 2025F (USD Billion)

Figure 90: India Ayurvedic Products Market Size, By Value, 2011, 2015 & 2021F (USD Million)

Figure 91: India Tourist Arrival by E-Tourist Visa on Arrival Facility, From January to May 2015 & 2016

 

List of Tables

 

Table 1: Frequency of People Traveling, By Gender, By Age Group, 2018 (Base=100)

Table 2: Share of People Traveling in a Year, By Frequency, 2018 (Base=100)

Table 3: Brand Preference Level, By Age Group, By Approximate Annual Income (INR Lacs per Annum), 2018 (Base=100)

Table 4: India Travel & Tourism Market Product/Service Benchmarking, By Booking Medium, By Revenue Component, As of December 2017

Table 5: Percentage Share of Foreign Tourist Arrival in India, By Top Ten Countries, 2011-2016

Table 6: India Domestic Tourist Visit Share of Top Ten States/UTs, By Volume, 2016

Table 7: India Foreign Tourist Visit Share of Top Ten States/UTs, By Volume, 2016

Table 8: India Number of Government Approved Tour Operators, 2014 & 2015

Table 9: Infrastructure Development Plans Announced by Government of India, By State/UT,

As of March 2016

Table 10: India Internet Users (Million) & Internet Penetration (%), 2012-2016

Table 11: India Number of Smartphone Users, 2011-2017 (Million)

Table 12: Commissioned Rural Tourism Sites for Select States in India

Frequently asked questions

Frequently asked questions

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