Travel Services Market in India 2021-2025

Travel Services Market in India 2021-2025

Technavio has been monitoring the travel services market in India and it is poised to grow by $ 11.11 bn during 2021-2025 progressing at a CAGR of 12% during the forecast period. Our reports on travel services market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current India market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in the number of M&A, partnerships, and strategic alliances and increasing international tourist footfall. In addition, increase in the number of M&A, partnerships, and strategic alliances is anticipated to boost the growth of the market as well.

The travel services market in India market analysis includes service segment and geographical landscapes.

Technavio's travel services market in India is segmented as below:

By Service

• Domestic flight services
• Hotel accommodation services
• Rail ticket services
• Cab services
• Others

By Other 1

• Online
• Offline

This study identifies the increasing adoption of online payment platforms as one of the prime reasons driving the travel services market in India growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on travel services market in India covers the following areas:

• Travel services market in India sizing
• Travel services market in India forecast
• Travel services market in India industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading travel services market in India vendors that include Airbnb Inc., Cleartrip Pvt. Ltd., Cox and Kings Ltd., Indian Railway Catering and Tourism Corp. Ltd., ITC Ltd., MakeMyTrip Ltd., Oravel Stays Pvt. Ltd., Thomas Cook India Ltd., TripAdvisor LLC, and Yatra Online Inc.. Also, the travel services market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.