India Faith Based Tourism Market Plying for Significant Growth During 2024 - 2031 | MakeMyTrip, Thomas Cook (India) Ltd

Market Overview:

Faith based tourism in India involves visits to religious sites, pilgrimages, and participation in religious rituals and ceremonies. Key religious sites in India include temples, mosques, churches, gurudwaras and ashrams which attract large number of both domestic and international tourists.

Market Dynamics:

Rising disposable incomes and improving economic conditions are enabling more Indians to undertake religious tours within the country. In addition, the government's initiatives to develop religious sites through infrastructure projects and promotion schemes have boosted accessibility and awareness. For example, development of last mile connectivity to pilgrimage destinations like Amarnath Yatra and pathways for Char Dham Yatra has registered a significant rise in tourism footfalls over the past few years. With continued government support and changes in travel trends among Indians, the India faith based tourism market is expected witness steady growth over the forecast period.

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Increased Religious Tourism drives growth in the India Faith Based Tourism Market

One of the key drivers for the growth of faith based tourism in India has been the rise in religious tourism within the country. India is home to many major religions like Hinduism, Buddhism, Jainism, Sikhism and others which have various pilgrimage sites across the country. Several temples, mosques, churches, gurudwaras, ashrams attract millions of domestic tourists each year. For example, the Char Dham yatra which covers four holy sites for Hindus in Uttarakhand receives more than 5 million visitors annually. Similarly, the Kumbh Mela held in four Indian cities every 12 years is considered the largest public gathering and pilgrimage of faith. The Kumbh Mela held in Prayagraj in 2019 saw over 120 million pilgrims. The increased desire among Indians to visit various religious sites of their faith has been a major driver of growth in faith based tourism within the country.

Opportunities in Developing circuits and festivals

One of the key opportunities for growth in the Indian faith based tourism market is developing new circuits and religious festival tourism. While several top pilgrimage sites are well established, there are numerous smaller sites which remain undiscovered. With improved connectivity and promotion, new pilgrimage circuits can be developed by linking multiple nearby religious destinations. This will boost tourism potential. Additionally, India hosts many colorful religious festivals throughout the year linked to various faiths. Promoting unique festival tourism can boost both domestic and international arrivals. For example, the Deo-Tato-Chandranath Jatra festival in Jharkhand or the Kullu Dussehra festival in Himachal Pradesh have potential to gain larger following as high season faith tourism options.

Technology enhancements lead emerging trends

An emerging trend in the Indian faith based tourism market is leveraging technology for enhancements. Several religious sites and temples are digitalizing operations and providing app-based services. For example, apps providing virtual tours, online visibility of sevas/pujas, live darshan, online booking of accommodation/transportation. Additionally, organizations are using technologies like VR/AR to offer immersive virtual experiences of popular pilgrimage destinations to a wider audience. The COVAXIN vaccine manufacturer also launched a virtual tour of the Varanasi Ganges during the COVID 19 lockdowns. Such emerging technology adoptions are improving accessibility and enhancing experiences of faith based tourists in India going forward.

Top Companies Featured in This Report:

★ MakeMyTrip, Thomas Cook (India) Ltd
★ Cox & Kings Ltd
★ Mahindra Holidays & Resorts India Ltd
★ Yatra Online Pvt Ltd
★ International Travel House Ltd
★ Expedia
★ Ibibo Group
★ SOTC Travel Limited
★ Kesari Tours
★ Cleartrip
★ EasyMyTrip
★ Balmer Lawrie Travel & Vacations
★ Holy Voyages
★ Soul of India.
★ Tour My India
★ Prime Travels

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Market Segmentation:

By Product Type:

★ Purpose of Visit: Pilgrimage , Spiritual Retreat , Monastery Stays, Festival Experience, and Others
★ Type of Amenities : Overnight Facilities, Guided Tours, Transport Rentals, Food Services, Souvenir Shops, and Others

Key Regions/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Why Choose Our Comprehensive Market Report:

• Evaluate numerous aspects of the India Faith Based Tourism Market outlook through Porter's Five Forces analysis.

• Examine the growth rate and market shares of various product types and applications/end-users within the India Faith Based Tourism Market.

• Gain insights into the India Faith Based Tourism Market dynamics across different regions.

• Conduct a thorough Covid-19 Impact Analysis using a robust research methodology.

• Stay updated on the latest developments, market shares, and strategies of key players in the India Faith Based Tourism Market.

• Delve into a detailed assessment of the market strategies, geographical presence, and business segments of the top players in the India Faith Based Tourism Market.

• Anticipate key challenges, product advancements, and potential solutions that may influence the market's progress and risks.

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Key Inquiries Addressed in this Report include:

• What was the size of the India Faith Based Tourism Market in 2024, and what is the projected value by 2030?

• What is the present global market landscape for the India Faith Based Tourism Market?

• What strategies offer optimal opportunities for growth maximization in the business?

• What recent trends are shaping the India Faith Based Tourism Market?

• How does the market share of India Faith Based Tourism Market revenue, sales, and size vary across specific geographical regions?

• Who are the prominent industry players in the India Faith Based Tourism Market?

• Which segment of the India Faith Based Tourism Market is experiencing heightened demand?

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