The GlobalData study has projected that India will reach levels of 29 million outbound trips by 2025 – an optimistic outlook considering the backlash of Covid-19
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According to a study by GlobalData, the leading data and analytics company, Indian tourists will be highly sought-after for global destinations. This will be largely due to the country’s growing economy, young population and rising middle class. The GlobalData study has projected that India will reach levels of 29 million outbound trips by 2025 – an optimistic outlook considering the backlash of Covid-19.
Craig Bradley, Associate Travel & Tourism Analyst, GlobalData, commented, “Before the pandemic, India was one of the most important and sought-after tourism source markets globally, and was a key target for major players such as VisitBritain and Tourism Australia. While the Covid-19 crisis put considerable strain on the country’s economy and tourism industry, Indian travellers are expected to be ready to travel once more.”
India’s economy – after a downturn in 2020 – is showing signs of revival. Current projections show the national GDP of India will reach USD 4 trillion, 50 per cent higher than 2021 levels, according to GlobalData’s Macroeconomic database. The growth within India’s economy will directly contribute to a boost in the middle-class population, resulting in increased wealth and disposable income for years to come.
“India’s increased investment in budget airlines, as well as improving airport infrastructure, means better connections from regional and major airports. Therefore, international travel will be more straightforward and cheaper for Indian travellers.
— Craig Bradley, Associate Travel & Tourism Analyst, GlobalData
“Tourism development typically thrives in developing economies, and India’s future looks bright – providing it can avoid further Covid-19 outbreaks and subsequent lockdowns. It poses an excellent opportunity for destination marketers, which can capitalise on the country’s growing population, comprising Gen Z and millennials (approximately 51 per cent). These generations are inclined to travel. Furthermore, India’s improving infrastructure and developing low-cost airline market means outbound travel is both affordable and accessible,” Bradley was quoted saying.
According to a Q3 2021 Global Consumer survey by GlobalData, 56 per cent of Indians said that ‘affordability’ and ‘accessibility’ were key considerations when purchasing a holiday. This underlines that simple, cost-effective travel solutions are the way forward.
Bradley added that “India’s increased investment in budget airlines, as well as improving airport infrastructure, means better connections from regional and major airports. Therefore, international travel will be more straightforward and cheaper for Indian travellers. This will be essential to India’s success in the post-pandemic era. Already, India’s budget airline industry has increased drastically over the past decade alongside its economy. In 2016, it surpassed full-service carriers by the number of passenger seats sold, and accounts for 51 per cent of all of India’s passenger traffic as of 2021.”
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