The Tourism employment in Retail segment in India, registered a value of USD 2,709.40 million in 2021
The indicator recorded a historical growth (CAGR) of 0.16% between 2018 to 2021, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Tourism employment in Retail segment in India witnessed a significant growth between 2017-2019 but saw its decline in 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.travet
Affects of COVID-19 on travel and tourism segment 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. Growth in the Indian industry prior to the pandemic had been facilitated by growing volumes of international tourism.
Who are the largest players in the retail segment in India?
McDonald's Corp (McDonald's) is a foodservice retail chain operator. The company operates and franchises McDonald’s restaurants that serve a locally relevant menu of food and beverages. Its menu offering includes hamburgers and cheeseburgers, chicken sandwiches, chicken nuggets, wraps, French fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, pies, soft drinks, coffee and other beverages. It also offers various breakfast items such as McGriddles, Sausage McMuffin with Egg, Egg McMuffin, biscuit and bagel sandwiches and hotcakes. McDonald's markets its products under a wide range of brands including Big Mac, Filet-O-Fish, McFlurry, Chicken McNuggets, McMuffin, and McGriddles. It operates across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. It is headquartered in Chicago, Illinois, the US.
Expedia Group Inc (Expedia Group) provides online travel services for business and leisure travelers across the world. It represents travel products and services provided by airlines, hotels and resorts, destination service providers, car rental companies, cruise lines, insurance and other travel product and service companies. The company’s operates through three reportable business segments: Retail, Trivago, and B2B.
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