India Travel & Tourism Market Size Worth USD 38.12 Billion by 2033 | CAGR: 6.10%
Attributes and Key Statistics of the India Travel & Tourism Market Report by IMARC Group:
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Units: USD Billion
Market Size in 2024: USD 22.47 Billion
Market Forecast in 2033: USD 38.12 Billion
Market Compound Annual Growth Rate 2025-2033: 6.10%
As indicated in the latest market research report published by IMARC Group, titled “India Travel & Tourism Market Size, Share, Trends and Forecast by Type, Service Offering, Purpose of Visit, Booking Type, and Region, 2025-2033,” this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
Market Size & Future Growth Potential:
The India travel & tourism market size reached USD 22.47 Billion in 2024. Looking forward, the market is expected to reach USD 38.12 Billion by 2033, exhibiting a growth rate (CAGR) of 6.10% during 2025-2033.
Core Factors Driving Market Trends:
India travel & tourism market is witnessing robust and durable expansion, led by a combination of socio-economic, technological, and policy drivers. Essentially, improving disposable incomes, a growing middle class, and expanding aspirations for differentiated experiences have contributed to rising domestic and outbound holiday travel. Furthermore, positive government policies like the e-Visa program, extension of Bharat Mandapam, and “Incredible India” promotional campaigns are facilitating ease of travel and boosting India’s international tourism attractiveness. Additionally, swift growth in aviation infrastructure-via new airports, regional connectivity initiatives like UDAN, and low-cost airlines-is dramatically enhancing travel access in urban and rural areas. In addition, the rise in online platforms for travel, accommodations, and experiences booking is fueling convenience and facilitating a wider segment to visit new places.
Other than that, increased awareness and popularity of niche segments such as wellness tourism, adventure travel, cultural heritage, and experiential stays are developing new sources of demand and lengthening the chain of tourism value. Also, social media, influencer advertising, and user-generated content are fueling exploration and inspiration, particularly among millennials and Gen Z travelers. Also, health and safety awareness-particularly in a post-pandemic environment-has caused travel companies to implement strong sanitation practices, flexible guidelines, and full-coverage insurance, adding further confidence to travelers.
Additionally, growing private sector investment in hospitality, homestays, and alternative accommodation models is increasing capacity along with driving innovation in service standards and local offerings. This is accompanied by regular upgrades in rail, road, and metro connectivity and even integrating tourism corridors together with facilitating multimodal journeys. Apart from this, partnerships between tourism boards and fintech companies for online payments, loyalty programs, and packaged offerings are augmenting traveler engagement and retention. In addition to this, increased demand for business visits across borders and MICE (Meetings, Incentives, Conferences, Exhibitions) events is being driven by India’s emerging corporate and startup landscapes.
Apart from this, state governments’ regional tourism development initiatives in states such as Rajasthan, Kerala, and Uttarakhand are flowing investment into adventure tourism, eco-tourism, and rural community engagement. Additionally, the use of green tourism practices, sustainable certifications, and responsible tourism policies is proving to be popular among green-conscious travelers and suiting worldwide trends. Lastly, the use of AI, AR/VR experiences, and personal recommendations is enhancing traveler planning, onboarding, and feedback processes. Overall, the interplay of economic development, digitalization, policy initiatives, experiential diversity, and sustainability is driving India’s travel & tourism industry into a dynamic, resilient, and fast-changing industry-making it a prominent player in the world’s tourism ecosystem.
Comprehensive Market Report Highlights & Segmentation Insights:
Type Insights:
• Domestic
• Inbound
• Outbound
Service Offering Insights:
• Ticket Reservation
• Hotel Booking
• Holiday/Tour Packages
• Others
Purpose of Visit Insights:
• Business
• Leisure and Recreation
• Education
• Medical
• Social Activity
• Others
Booking Type Insights:
• Travel Companies
• Travel Agencies
• Online
• Others
Regional Insights:
• North India
• South India
• East India
• West India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter’s Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies
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Major Advantages of the Report:
• This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.
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• Extensive Industry Expertise
• Robust Research Methodology
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• Precise Forecasting Capabilities
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Explore More Research Reports & Get Your Free Sample Now:
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Source: OpenPR
