Indian Outbound Tourism Marketplace Analysed by Renub Research in In-demand Study Now Available at MarketPublishers.com08 Jul 2015 • by Natalie Aster
LONDON – India’s market for outbound tourism is expected to surpass the USD 40 billion mark by 2020. Singapore took the place of Thailand, grabbing the No.1 position in 2014, and the country is projected to maintain its leadership position in the forthcoming years. The United States of America and China come out as the third and fourth best tourist hubs for Indian travelers. Malaysia is also gaining a footing in the domestic outbound tourist numbers.
In terms of expenditure by Indian tourists, the US was the largest spender in 2014. The share of the Indian tourists spending in the US is higher as compared with the combined share of the 9 leading destinations. Thailand and Australia occupied the second and third positions, respectively, with respect to outbound tourist expenditure by Indian citizens in 2014. Singapore ranks No.4 by spending by Indian tourists, with the UK following after.
A lot of countries including Spain, Ireland, South Korea, Macau (China), Indonesia and Poland have opened tourist offices in India in the recent past. To service the increasing demand in outbound business, travel managers are gearing up by hiring fresh talent and upgrading existing knowledge and skills to incorporate outbound tourism as part of their overall service and product offerings.
In-demand report “India Outbound Tourism Market: Outbound Tourists Visit, Tourists Spending and Forecast to 2020” developed by Renub Research provides an all-round assessment of the Indian outbound travel industry. It thoroughly examines the 16 leading countries worldwide for Indian tourists. All the nations discussed in the report are examined from 4 viewpoints, namely: Indian outbound tourists market (expenditure) in the top 16 nations, the country’s outbound tourists’ purpose of travel, India’s outbound tourists to top 16 countries, as well as Indian outbound tourists’ average length of stay (ALOS). An in-depth investigation of the Indian outbound tourism market challenges and drivers is provided in the study as well. Additionally, the research publication speculates on the future development in the market space.
India Outbound Tourism Market: Outbound Tourists Visit, Tourists Spending and Forecast to 2020
Published: June, 2015
Price: US$ 1,150.00
More reports by the publisher can be found at Renub Research page.