Published on : Jul 19, 2017
Albany, New York, July 19, 2017: The report titled “ Travel Services Market in India 2017-2021,” there could be a few factors such as shortage of sufficient infrastructure impeding the growth of industry players. As per the study, the market has been prognosticated to expand at a healthy CAGR of 18.46% between 2017 and 2021.
The analysts have foreseen key business opportunities arising from crucial factors that could help players to rise above the challenges in the India travel services market. Trends such as snowballing digitalization, the advent of e-tourist visas, and accessibility to novel mobile travel apps have been anticipated to widen the scope of opportunities in the travel services market of India.
The report has been considered to be a vital guideline for readers to take intelligent decisions during their business journey in the market. As mentioned in the report description, the market could be classified as per type, i.e. into public and private. The authors of the report have also expected the market to be categorized according to mode of booking and services. By mode of booking, vendors could find prospects birthing from offline and online modes. In terms of services, the market has been predicted to be segregated into holiday package, taxi or cab, domestic bus, rail ticket, domestic flight, and hotel accommodation.
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For each segment of the India travel services market according to services, the authors have provided vital figures related to percentage share of revenue in 2016 and revenue earned between 2016 and 2021. In the list of exhibits, the report has also provided the revenue contribution of mode of booking segments for the period 2016–2021.
In the vendor landscape section, the researchers have shed light on the competitive scenario of the travel services market in India. As part of key vendor analysis, the report has profiled five significant companies, viz. Yatra, Thomas Cook, SOTC, MakeMyTrip, and Cox & Kings. However, other companies holding prominence in the market have also been analyzed, such as IRCTC, Expedia, Cleartrip, Busindia.com, and Airbnb.
The publication has been expected to answer critical questions of market participants such as those pertinent to rate of growth, market size by 2021, and strengths and weaknesses of top companies. Besides these, the publication has offered a comprehensive assessment of the present scenario of the India travel services market along with future growth prospects. It has also provided an outline of the market to help readers receive a general idea of the industry. Buyers of the report could regard this publication as a productive tool to gain a strong foothold in the market.
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