Nangia Nxt has recently released its report titled ‘Navigating Horizons’ in association with FICCI. The report gives a detailed look at the rapidly growing Indian outbound tourism market. It outlines its current state, economic impact, and future trends, highlighting key factors driving this growth, such as rising disposable incomes, improved connectivity, and a growing middle class.
The report dives deep into this expanding sector, focusing on key trends, economic impacts, and future forecasts. The research indicates that India's outbound tourism sector is experiencing rapid growth, and projects spending to surge from US$ 18.82 billion in 2024 to US$ 55.39 billion by 2034.
Suraj Nangia, Head (Government and Public Sector Advisory), Nangia Nxt, notes that India's outbound tourism not only benefits foreign economies but also significantly boosts India's GDP and strengthens international economic ties. Increased consumer spending, visa reforms, and better connectivity are driving this growth, making India one of the fastest-growing outbound markets globally.
Ahetesham Khan, Executive Director – Sports, Media & Entertainment & Tourism Advisory, Nangia Nxt points out that the rise of middle-class families, higher disposable incomes, and a growing interest in international adventures are fuelling this surge. The report highlights the evolving preferences of Indian travellers, who are now seeking wellness retreats, adventure tourism, and unique travel experiences.
The report reveals that wellness tourism, adventure travel, and niche tourism sectors are on the rise. Indian travellers now want personalised and unique experiences beyond traditional tourism. As technology and digital platforms continue to influence travel planning, the market is expected to grow even more in these areas. The report also discusses the challenges and opportunities in the market. On the other side, while fluctuating exchange rates and climate concerns pose challenges, there are significant opportunities for destinations to tailor their offerings to meet the evolving needs of Indian travellers. Strategic marketing and customised travel experiences will be key to capitalising on this growth.
The report also emphasises the role of technology and social media in shaping travel decisions. Digital platforms have made it easier for travellers to plan and book their trips, while social media has opened new opportunities for destinations to attract Indian tourists. As India continues to rise as a global tourism player, this report serves as a valuable resource for policymakers, businesses, and researchers, providing strategic insights to navigate the future of India's outbound tourism market.
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