Indian Outbound Tourism Market is Expected to Surpass US$ 42 Billion by the End of Year 2024

Indian Outbound Tourism Market is expected to surpass US$ 42 Billion by the end of year 2024. India is second largest most populous country in the world with the tag of fastest growing major economy globally. Due to this economic growth, its people are earning more year on year and their disposable income is also growing. Air connectivity from India to foreign locations has also improved significantly over period of time. First time Indian visitors generally prefer to visit Asian countries due to their proximity to India and being less expensive compared to western destinations. In the case of long-haul travel Indians prefer going to United States (US), Australia, Europe, New Zealand etc.



Thailand, Singapore and United States are the most favorite Tourist Destination for Indians
In this report, we have done comprehensive analysis of top 11 destinations for India outbound tourist. We have also studied the number of separate factors that affects Indian outbound tourist to each of 11 destinations. In addition, we have done detailed analysis of growth drivers.

Number of Indian Business Tourists visited Japan is bigger than Holiday Tourists Number
According to Renub Research analysis, the number of business tourist from India visited Japan is larger than the number of holiday tourist. Indian outbound business tourist to China is also showing positive trend and will be continue in forecast period of time. Indian tourists visit to Thailand in huge numbers because of its affordability and proximity. Thailand currency (Thai Baht) gaining the benefit of tourism arrival due to strong position against Dollar and Euro.

United States is Prime Destination for Higher Spending
United States is prime destination for Indian outbound travelers in the world. Around more than 1/3rd the total worldwide expenditure by Indian tourist is spent in United States alone. United States is popular destination for the entire segment like holiday, VFR, Business and Others. 

Renub Research report entitled “India Outbound Tourism Market, Tourists Purpose of Visit (Holiday, VFR (Visit Friends & Relatives), Business, Others) Tourists Spending, Countries (Hong Kong, Japan, Singapore, United States, United Kingdom, Thailand, Australia, Canada, South Africa, China, South Korea) & Forecast” is the 4th edition report on the fast-evolving, high-growth India Outbound Travel Industry. 


Key Topics Covered :

1.    Research Findings
2.    India Outbound Tourists Numbers & Forecast
3.    Tourists Share – India Outbound Tourism (2012 – 2024)
4.    India Outbound Tourism Market & Forecast
5.    Market Share – India Outbound Tourism (2012 – 2024)
6.    Countries Tourists Share – Tourism Types (2012 – 2024)
7.    Countries Market (Spending) Share – Tourism Types
8.    Tourism Types – India Outbound Tourists Numbers (2012 – 2024)
9.    Tourism Types – India Outbound Tourists Market (Spending) (2012 – 2024)
10.    Australia – India Outbound Tourists Visits, Market (Spending) (2010 – 2024)
11.    Canada – India Outbound Tourists Visits, Market (Spending) (2011 – 2022)
12.    Japan – India Outbound Tourists Visits, Market (Spending) (2010 – 2024)
13.    South Korea – India Outbound Tourists Visits, Market (Spending) (2010 – 2024)
14.    China – India Outbound Tourists Visits, Market (Spending) (2010 – 2024)
15.    Singapore – India Outbound Tourists Visits, Market (Spending) (2010 – 2024)
16.    Thailand – India Outbound Tourists Visits, Market (Spending) (2012 – 2024)
17.    United States – India Outbound Tourists Visits, Market (Spending) (2011 – 2024)
18.    Hong Kong – India Outbound Tourists Visits, Market (Spending) (2011 – 2024)
19.    United Kingdom – India Outbound Tourists Visits, Market (Spending) (2010 – 2024)
20.    South Africa – India Outbound Tourists Visits, Market (Spending) (2010 – 2024)
21.    Growth Drivers
22.    Challenges

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