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India Outbound Tourism Market to grow close to US$ 45 Billion by the year 2022

09-19-2017 11:00 AM CET | Tourism, Cars, Traffic

Press release from: Renub Research

India-outbound-tourism-market-tourists-spending-forecast

India-outbound-tourism-market-tourists-spending-forecast

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India outbound visitors will grow with double digit CAGR of 10% nearly by 2022. This will help India Outbound Tourism Market to grow close to US$ 45 Billion by the year 2022. Growing India outbound tourism market is a big opportunity for most of the Asian countries as most Indians preferred these countries due to short-haul and low budget destinations. For long-haul, Indian prefers to go Europe, United States (US), Australia, New Zealand etc. India has large middle class population which attracts most of the countries to design and promote their tourist destination. For this, almost all major countries have opened their tourist office in India.


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United States, Singapore and Thailand are the most attractive Tourist Destination for Indians
In India outbound tourism market, United States, Singapore and Thailand are most attractive tourist destination for Indian travelers in the world. More than 15 percent tourists have visited these countries for various reasons in 2016. Someone visited for holiday purpose others are for business purpose or Visit Friend & Relatives (VFR) purpose.

China is continuously losing Holiday Tourist from India
According to our research, China is continuously losing holiday tourist from India. Whereas Singapore, Thailand, United States, Hong Kong, United Kingdom, Australia, China, Canada, Japan, South Africa and South Korea are showing positive trend.

United States is most Preferred Destination for Spending
United States is preferred destination for Indian outbound travelers in the world. Around half of the total worldwide spending by Indian tourist is spent in United States. It is preferred choice for all segments. It has attracted nearly 900 Thousand Indian tourist for holiday and VFR purpose.

Renub Research report entitled “India Outbound Tourism Market: Outbound Tourists, Purpose of Visit (Holiday, VFR (Visit Friends & Relatives), Business, Others) Tourists Spending and Forecast” is the 3rd edition of report on the fast-evolving, high-growth India outbound travel industry. This 274 page report with 232 Figures and 20 Tables provides a complete analysis of top 11 countries of India outbound tourism market. All the country in the report has been studied from 5 view points.

1) India Outbound Tourists Numbers
2) India Outbound Tourists Market (Spending)
3) India Outbound Tourists Tourism Types (Business, Holiday/Leisure, VFR & Others)
4) India Outbound Tourism Types Market (Business, Holiday/Leisure, VFR & Others)
5) Growth Drivers and Challenges Analysis

Top 11 Countries Analysed
1. Singapore
2. Thailand
3. United States
4. Hong Kong
5. United Kingdom
6. Australia
7. China
8. Canada
9. Japan
10. South Africa
11. South Korea

Tourism Types (Purpose of Visit) – Tourists Numbers & Market for Each Country
• Holiday
• VFR (Visit Friends & Relatives)
• Business
• Others

Who should buy this Report?
• This report is useful for those who want to know Tourism Market of India
• Which is most favourable destination for India outbound Tourist?
• Which is most favourable destination for India outbound spending?
• Which Country is most attractive for holiday/Business/VFR/Others purpose outbound tourist?
• Which country is most spending destination for holiday/Business/VFR/Others purpose travellers?

We recommend this report as must-read for Travel and Tour stake holders, Hotel Industry, Tourism Ministry, Consulting firms, Private Equity firms, Venture Capital firms etc.


Content from Old Report is given below:

The user can buy this report in Chapters from Purchase by Chapter section given above

Indian Outbound Tourism – Market Analysis
Indian outbound tourists’ number is growing year on year. India Outbound tourism market will surpass the figure of US$ 40 Billion by 2020.

India Outbound Tourists Visit Analysis: Singapore has replaced Thailand and captured the number one position in 2014. Based on the current trends we believe Singapore is expected to maintain its leading position for couple of years. United States and China are the third and fourth popular destination for Indian travelers. Malaysia is also gaining foothold in the India Outbound Tourists Numbers.

Indian Outbound Tourism Market / Spending Analysis: In terms of spending by Indian tourists, United States is the leader in spending in 2014. Indian tourists spending share in United States is higher than the combined share of the top 9 tourism destination. Thailand and Australia stands at second and third spot in terms of outbound tourists spending by Indians in 2014. Singapore is standing at fourth spot in terms of spending by Indian tourists being followed by United Kingdom.

Taking note of the booming Indian Outbound Tourism, many countries — including Ireland, Spain, South Korea, Indonesia, Macau (China) and Poland — have recently opened tourist offices in India. In order to service the growing demand in outbound business, travel agents in India are gearing up by hiring fresh talent and upgrading existing skills and knowledge to incorporate outbound tourism as part of their total product and service offering. They are either setting up small departments within the existing structure or expanding aggressively to promote new verticals or companies focused only on outbound tourism.

Renub Research report entitled “India Outbound Tourism Market: Outbound Tourists Visit, Tourists Spending and Forecast to 2020” provides a comprehensive assessment of the fast-evolving, high-growth India outbound travel industry. This report provides a complete analysis of top 16 countries worldwide for Indian tourists. All the country in the report has been studied from four view points

1) Indian outbound tourists to top 16 countries
2) Indian outbound tourists market (spending) in top 16 countries
3) Indian outbound tourists purpose of visit (Business, Holiday/Leisure, VFR & Others)
4) Indian outbound tourists average length of stay

We recommend this report as must-read for Travel and Tour stake holders, Hotel Industry, Tourism Ministry, Consulting firms, Private Equity firms, Venture Capital firms etc.

Top 16 Countries Analysed
1. Singapore
2. Thailand
3. United States
4. Malaysia
5. Hong Kong
6. United Kingdom
7. Australia
8. China
9. Switzerland
10. Canada
11. Sri Lanka
12. Nepal
13. Japan
14. South Africa
15. South Korea
16. Other Countries

Contact Us
Rajat Gupta
Sr. Marketing Manager
Email: info@renub.com
Phone: +1-678-302-0700
Web: www.renub.com

Renub Research is a leading Market Research and Information Analysis Company with centers at Noida India and Roswell USA. We have long-term experience especially in international Business-to-Business Researches, Surveys, Business and Consulting. Throughout the years we have acquired expertise in most market sectors, including Information Technology (IT), Telecoms, Life Sciences, Medical & Pharmaceuticals, Financial Services (Banking, Insurance, Reinsurance, M&A, etc.), Energy, Chemicals, Automotive, Retail, FMCG, Consumer Goods, Logistics, Governmental, Social, and Others.

Our core team is comprised of an experienced people holding graduate, post graduate and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research help make the business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

225 Kristie Ln, Roswell, GA 30076, United States

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