India Outbound Tourism Market to Reach USD 45 Bn by 2022, Predicts Renub Research in Its Latest Report Now Available at MarketPublishers.com11 Oct 2017 • by Natalie Aster
LONDON – By 2022, a number of India’s outbound visitors is expected to show a double-digit growth at a CAGR of about 10%. Therefore, the value of the Indian outbound tourism market is also projected to grow through 2022 to reach USD 45 billion.
Rising India’s outbound tourism market provides a range of nice opportunities for the majority of the APAC countries, which are preferred by the majority of Indian tourists as short-haul and low-budget traveling destinations.
For long-haul journeys Indians usually choose Europe, the US, Australia and New Zealand, amid other countries.
All major countries have opened their tourist offices in India, as this country has a large middle-class population and, thus, a large potential tourists base.
The US, Thailand and Singapore are the most popular destinations for travelers from India. In the year 2016, over 15% of all Indian tourists visited these three countries for different purposes. Meantime, China is losing its popularity amid Indians as a holiday tourist destination.
New in-demand research report “India Outbound Tourism Market: Outbound Tourists, Purpose of Visit (Holiday, VFR (Visit Friends & Relatives), Business, Others) Tourists Spending and Forecast” issued by Renub Research provides a profound analysis of India’s outbound tourism market. This report reviews top eleven tourism destinations popular amid Indians and discloses updates statistics. The publication includes a detailed market segmentation analysis, estimates the market shares, examines the market dynamics including data on the main growth drivers and challenges, and also points out the key market growth threats and opportunities. Moreover, the research report includes a granular future market outlook up till 2022.
Other research reports drawn up by Renub Research are available at its page at MarketPublishers.com.