hometravel NewsIndian travellers will spend $410 billion by 2030 to become 4th highest spenders, says new report

Indian travellers will spend $410 billion by 2030 to become 4th highest spenders, says new report

According the "How India Travels" report, jointly released by Booking.com and McKinsey & Company, digital and social media play a significant role in shaping Indian travellers' interests, with 54% indicating a preference for destinations featured in movies or TV shows.

By CNBCTV18 Travel Desk   | Ritu Singh  Oct 22, 2023 9:56:51 AM IST (Published)

3 Min Read

A travel trends prediction titled "How India Travels" by Booking.com shows that India's travel sector is witnessing unprecedented growth, particularly in the post-pandemic era, with travellers displaying remarkable spending habits. Projections indicate that by 2030, Indian travellers' total expenditure will surge to $410 billion, positioning India as the fourth largest global spender. This represents a substantial 173% increase from 2019, when Indian travellers collectively spent $150 billion, ranking India as the sixth largest global spender.
The report, "How India Travels" was jointly released by Booking.com and McKinsey & Company.
The report highlights how Indian travellers helped in the recovery of tourism in 2022, surpassing Asia and achieving 78% of 2019 levels while the continent reached 52%. Moreover, the number of trips by Indian travellers is predicted to jump from 2.3 billion in 2019 to an astounding 5 billion in 2030.