Published on : Apr 23, 2018
ALBANY, New York, Apr 23, 2018: Never mind the pace of economic growth, India has emerged as one of the faster-growing outbound tourism market. The number of Indian travelling overseas has spiked at a significant rate in the last few years. ResearchMoz.us has added a report, titled “India Outbound Tourism Market Analysis 2012 - 2017 and Forecast 2018 – 2025,” which analyzes the key reasons enabling growth in the market. It provides market intelligence, delivering insights on consumers as well as key competitors in the India outbound tourism market.
According to the report, the total number of Indians travelling overseas will see an exponential rise in the coming years. This entails a significant rise in overseas spending. The country recorded nearly 23 million outbound tourist departures in 2017. Also India holds the lead in terms of visitor arrivals in Thailand and Singapore. The report also forecasts that Indian travelers are likely to emerge as the biggest spenders in the US. These factors are indicative of the impressive growth that is on cards for the India outbound tourism market.
Evidently, countries from around the world are taking note of this. Some of the most popular overseas tourist destinations have identified India as one of key tourism generating nations. This is most likely to spur the India outbound tourism market significantly in the coming years. Also the market will gain from the introduction of direct flights between India and various nations.
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It is important to note here, while for short hauls, Indian tourists prefer low budget destinations and Asian countries more, a significant rise in long-haul travels to the US, Europe, New Zealand, and other countries are noted as well. The report studies in detail various factors supporting growth in this market. It uses data obtained from reliable sources to discuss the future potential of the India outbound tourism market. It identifies the most lucrative opportunities for the market and provides insights into present and future dynamics.
In addition to this, the report includes a detailed country-wise analysis, which covers a total of 16 nations. Besides highlighting the growth drivers, the report also discusses in detail various restraints limiting the market’s growth. The countries discussed in this report are Hong Kong, the US, Singapore, Thailand, China, Korea, Australia, New Zealand, Taiwan, Nepal, Mauritius, Cambodia, Sri Lanka, Japan, and Canada.
As per the report, various factors are supporting the market’s growth. For instance, a significant number of people often travel abroad to meet their families. Besides this, spending extended weekends abroad has emerged as a key trend enabling growth in the India outbound tourism market. Spurred by these factors, the India outbound tourism market is expected to showcase strong growth in the coming years. The market will also gain from the rising offering in the field of packaged tour.
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