India Outbound Tourism Market will exceed US$ 42 Billion by the end of year 2024

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India Outbound Tourism Market

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Report Description and Highlights
Analyst View
India poses all such things necessary to become
an intimidating outbound tourism market. Owing to
the worlds second most populous state and the
fastest growing major economy, it is already
showing sign of its influence, along with
indicators that the real boom is yet to come.
Economic growth of India signifies that people
are earning more disposable income to spend on
travel. In response, air travel within and out of
the country has stretched significantly and with
passports in hand, the millennial is expected to
explore new destinations, to have exceptional
travel experiences. India Outbound Tourism
Market will exceed US 42 Billion by the end of
year 2024.

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Renub Research report entitled India Outbound
Tourism Market, Tourists Purpose of Visit
(Holiday, VFR (Visit Friends Relatives),
Business, Others) Tourists Spending, Countries
(Hong Kong, Japan, Singapore, United States,
United Kingdom, Thailand, Australia, Canada,
South Africa, China, South Korea) Forecast is
the 4th edition report on the fast-evolving,
high-growth India Outbound Travel Industry. 

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nd-tourism-market-outbound-tourists-visit-tourists
-spending-and-forecast-to-2020-15-p.php
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India Outbound Tourism Market
In the latest Renub Research report, India
Outbound Tourism Market, the report offers an
in-depth primer of this upcoming market including
how the India outbound tourism market has grown
and what it holds for the future, along with the
key factors that are driving the growth and
challenges which are restraining the market
growth.

Witnessing the immense outbound tourism potential
from India, more than 70 National Tourist
Organizations (NTOs)have set up their local
offices in India from across the world and are
actively marketing their destinations. The top
five outbound destinations are Saudi Arabia,
Thailand, Kuwait, the United States, and
Singapore, while Australia and European countries
are also posing good examples in attracting
Indian tourists. For instance, France has
recently launched a campaign named France
Celebrates India to lure more of the Indian
visitors to France with an array of the travel
itinerary. Nonetheless, destinations like Dubai
and South Africa also have hastened their efforts
to boost Indian visitors to their respective
nations.
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India Outbound Tourism Market
The United States is one among the most preferred
outbound destinations for Indians and is in the
way to become topmost destinations for Indian
travelers. In the last two years, on an average,
nearly 1.2 million visitors visited the United
States every year, which itself is a record. With
this, India is claimed to become one of the major
inbound tourism markets for the United States, as
it is likely to cross 1.5 million visitors mark
very soon. The number of Indian visitors visiting
the United States is slated to increase at 10
percent Year on Year. According to the United
Nations World Tourism Organization (UNWTO), India
is one of the fastest growing outbound tourism
markets across the globe, just after
China. UNWTO estimates that with current pace,
India will account for 50 million outbound
tourists by 2020. Despite the rupee fluctuations,
the India Outbound Tourism Market has grown at 12
percent over the last seven years. India is a
developing country, with a large and increasingly
affluent middle-class population, it is expected
that these factors certainly contribute to the
growth of this market. Further, interest in niche
tourism sectors medical and adventure tourism
also expected to significantly boost the India
Outbound Tourism market over the projection
period. Increasing digitalization further helps
people to search for new destinations across the
world and help them in their booking online.
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India Outbound Tourism Market
Market Summary  By Countries This research
report covers, tourist number and tourist share,
tourist spending and spending share, and purpose
of visit (Holiday, VFR, Business and Others) of
following 11 countries   1.    Hong Kong2.  
 Japan3.    Singapore4.    United States5.  
 United Kingdom6.    Thailand7.  
 Australia8.    Canada9.    South Africa10.  
 China11.    South Korea

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India Outbound Tourism MarketShare Analysis
Forecast for India Outbound Tourists Share ()
2018 - 2024
Source Renub Research Analysis
Note These are dummy figures
actual data given in the report
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Key Topics Covered in India Outbound Tourism
Market
1. Research Findings 2. India Outbound
Tourists Numbers Forecast 3. Tourists Share
India Outbound Tourism (2012 2024) 3.1 By
Country
3.2 By Tourism Types
(Holiday, Business, VFR, Others) 4. India
Outbound Tourism Market Forecast 5. Market
Share India Outbound Tourism (2012 2024) 5.1
By Country
5.2 By Tourism
Types (Holiday, Business, VFR, Others) 6.
Countries Tourists Share Tourism Types (2012
2024) 6.1 Holiday 6.2 VFR
(Visiting Friends Relatives) 6.3
Business 6.4
Others 7. Countries Market (Spending)
Share Tourism Types 7.1 Holiday
7.2 VFR (Visiting Friends Relatives)
7.3 Business
7.4 Others
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Key Topics Covered in India Outbound Tourism
Market
8. Tourism Types India Outbound Tourists
Numbers (2012 2024) 8.1 Holiday
8.2 VFR (Visit Friends Relatives)
8.3 Business
8.4 Other 9. Tourism Types
India Outbound Tourists Market (Spending) (2012
2024) 9.1 Holiday 9.2 VFR
(Visit Friends Relatives)
9.3 Business
9.4 Other 10. Australia India Outbound
Tourists Visits, Market (Spending) (2010
2024) 10.1 Tourists Numbers
10.2
Tourism Types By Numbers 10.3
Tourists Market (Spending)
10.4 Tourism Types By
Market 11. Canada India Outbound Tourists
Visits, Market (Spending) (2011 2022) 11.1
Tourists Numbers
11.2 Tourism
Types Tourists Numbers 11.3 Tourism Market
(Spending)
11.4 Tourism Types By Market
(Spending) 12. Japan India Outbound
Tourists Visits, Market (Spending) (2010
2024) 12.1 Tourists Numbers
12.2
Tourism Types Tourists 12.3 Tourism
Market (Spending)
12.4 Tourism Types Tourists
Market (Spending)
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Key Topics Covered in India Outbound Tourism
Market
13. South Korea India Outbound Tourists
Visits, Market (Spending) (2010 2024) 13.1
Tourists Numbers 13.2
Tourism Types Tourists Numbers 13.3 Tourists
Market (Spending) 13.4 Tourism Types
Tourists Market 14. China India Outbound
Tourists Visits, Market (Spending) (2010
2024) 14.1 Tourists Numbers
14.2 Tourism Type Tourists Numbers 14.3
Tourism Market 14.4
Tourism Type Tourism Market 15. Singapore
India Outbound Tourists Visits, Market
(Spending) (2010 2024) 15.1 Tourists
Numbers 15.2 Tourism
Types Tourists Numbers 15.3 Tourists Market
(Spending) 15.4 Tourism Types Tourism
Market (Spending) 16. Thailand India
Outbound Tourists Visits, Market (Spending) (2012
2024) 16.1 Tourists Numbers
16.2 Tourism Types Tourists
Numbers 16.3 Tourists Market (Spending)
16.4 Tourism Types Tourism Market
(Spending) 17. United States India Outbound
Tourists Visits, Market (Spending) (2011
2024) 17.1 Tourists Numbers
17.2 Tourism Types Tourists
Numbers 17.3 Tourists Market (Spending)
17.4 Tourism Types Tourism Market
(Spending)
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Key Topics Covered in India Outbound Tourism
Market
18. Hong Kong India Outbound Tourists
Visits, Market (Spending) (2011 2024) 18.1
Tourists Numbers Forecast
18.2 Tourism Types Tourists Numbers 18.3
Tourism Market (Spending)
18.4 Tourism Types Tourism Market 19.
United Kingdom India Outbound Tourists Visits,
Market (Spending) (2010 2024) 19.1 Tourists
Numbers
19.2 Tourism Types Tourists Numbers 19.3
Tourism Market (Spending)
19.4 Tourism Types Tourism Market 20.
South Africa India Outbound Tourists Visits,
Market (Spending) (2010 2024) 20.1 Tourists
Numbers
20.2 Tourism Types Tourists
Numbers 20.3 Tourism Market (Spending)
20.4 Tourism Types
Tourism Market 21.    Growth Drivers 21.1  
 Foreign Tourism Boards Encourage Indian Outbound
Travelers with Incentives21.2    Countries
Tourism Board Opening Tourism Offices in
India21.3    Growing Middle Class Population
with Higher Disposable Income in India21.4  
 Outbound Tour Operators Association of India
(OTOAI) Proliferation of the Internet Promoting
Quality Tourism 22.    Challenges 22.1  
 Indian Travel Agencies Facing Issues
22.2    Rupee Depreciation Hits Outbound Tourism
Sector22.3    Visas Cuisine
22.4    Destination Brand
Awareness
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Key Topics Covered in Outbound Tourism Market
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