India Travel Services Market 2022-2026

Travel Services Market in India 2022-2026

Technavio has been monitoring the travel services market in India and it is poised to grow by $ 11.78 bn during 2022-2026, accelerating at a CAGR of 11.38% during the forecast period. Our report on the travel services market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current country market scenario, latest trends and drivers, and the overall market environment. The market is driven by increase in the number of M&A, partnerships, and strategic alliances, increasing international tourist footfall, and increasing adoption of online payment platforms.

The travel services market in India analysis includes service and booking segments.

Technavio's travel services market in India is segmented as below:BookingOnlineOfflineBy ServiceDomestic flight servicesHotel accommodation servicesRail ticket servicesCab servicesOthersThis study identifies the introduction of low-cost airlines as one of the prime reasons driving the travel services market growth in India during the next few years. Also, increased contribution of travel and tourism to GDP and employment and technological advances in mobile-based and website-based travel service platforms will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on travel services market in India covers the following areas:Travel services market sizingTravel services market forecastTravel services market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading travel services market vendors in India that include Airbnb Inc., ANI Technologies Private Ltd., Cox and Kings Ltd., Expedia Group Inc., Fairfax Financial Holdings Ltd., Indian Railway Catering and Tourism Corp. Ltd., Kesari Tours Pvt. Ltd., Mahindra Holidays and Resorts India Ltd., MakeMyTrip Ltd., Meru Mobility Tech Private Ltd., One97 Communications Ltd., Oravel Stays Ltd., Radiant Info Systems Ltd., Treebo Hotels, TripAdvisor LLC, Uber Technologies Inc., Walmart Inc., Yatra Online Inc., and ITC Ltd. Also, the travel services market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.