Travel Services Market in India 2023-2027

Travel Services Market In India 2023-2027
The travel services market in India is forecasted to grow by USD 13,462.48 mn during 2022-2027, accelerating at a CAGR of 11.72% during the forecast period. The 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in number of M and A, partnerships, and strategic alliances, increasing international tourist footfall, and rising adoption of online payment platforms.

Technavio's travel services market in India is segmented as below:

By Mode Of 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 in India growth during the next few years. Also, increased contribution of travel and tourism to India's GDP and employment and technological advances in mobile-based and website-based travel service platforms will lead to sizable demand in the market.

The report on the travel services market in India covers the following areas:Travel services market sizing in IndiaTravel services market forecast in IndiaTravel services market industry analysis in IndiaThe 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 in India vendors that include Airbnb Inc., ANI Technologies Pvt. Ltd., Booking Holdings Inc., Cleartrip Pvt. Ltd., Cox and Kings Ltd., Easy Trip Planners Ltd., Expedia Group Inc., Indian Railway Catering and Tourism Corp. Ltd., ITC Ltd., Kesari Tours Pvt. Ltd., Le Travenues Technology Ltd, Mahindra and Mahindra Ltd., MakeMyTrip Ltd., Oravel Stays Ltd., The Travel Corp, Thomas Cook (India) Ltd., Treebo Hotels, TripAdvisor Inc., Uber Technologies Inc., and Yatra Online Inc. 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.

The publisher 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. The 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.