The Number of International trips made in India, attained a value of 6,884.71 Thousand in 2020
The indicator recorded a historical decline (CAGR) of 34% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the indicator to grow ...
India travel and tourism segment overview
Number of international trips made in India experienced a massive decline between 2017-2020.
The travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming market.
Impact of COVID-19 on travel and tourism in India
The Indian travel and tourism industry had been growing at a strong rate prior to 2020, when it suffered a steep decline amid the COVID-19 pandemic. The industry looks set to recover and grow at a very strong rate throughout the forecast period. India is well known for its natural beauty and offers tourist destinations that de-stress and rejuvenate travelers, along with some World Heritage sites and some bio-geographic zones. This has been a key driver of growth within the leisure segment. The population’s rising income has spurred domestic leisure and business travel expenditure, while international tourist arrivals were also increased by the relaxing of visa requirements.
As well as causing revenue to decline in the industry, the pandemic has also contributed to the closure of many hotels and motels in the country. Many smaller, independent companies were unable to stay afloat amid the economic conditions in 2020, leading to a slight decline in the number of establishments that year.
The Indian industry is expected to recover over the coming two years, driven by a rebound in tourism as travel restrictions around the globe are lifted. The industry is looking forward through the expansion of its e-Visa scheme, which is expected to double tourist inflow in India in the coming years.
The growth of business tourism will be spurred over the next few years by the ongoing expansion of convention centers, which will upgrade India's status as a MICE industry destination. Some of the increasingly popular MICE destinations in India include New Delhi, Hyderabad, Goa, Cochin and Agra, which will continue to contribute to growth in this segment.
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