Travel Services Market in India 2025-2029

Publisher TechNavio

Published Feb 07, 2025

Length 153 Pages

SKU # INF19602177

Description

Travel Services Market In India 2025-2029

The travel services market in India is forecasted to grow by USD 23615.3 million during 2024-2029, accelerating at a CAGR of 15.3% during the forecast period. The report on the 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in number of mergers, partnerships, and strategic alliances, increasing international tourist footfall, and rising adoption of online payment platforms.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

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

By Mode Of Booking

Online
Offline

By Service

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

By Geographical Landscape

APAC

This study identifies the introduction of low-cost airlines as one of the prime reasons driving the travel services market in India growth during the next few years. Also, increased contribution of travel and tourism to indias gdp and employment and technological advances in mobile-based and website-based travel service platforms will lead to sizable demand in the market.

The report on the 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

The 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., ANI Technologies Pvt. Ltd., Booking Holdings Inc., Cleartrip Pvt. Ltd., Easy Trip Planners Ltd, Expedia Group Inc., Indian Railway Catering and Tourism Corp. Ltd, ITC Hotels Limited, Kesari Tours Pvt. Ltd., Le Travenues Technology Ltd, Mahindra Holidays and Resorts India Ltd, MakeMyTrip Ltd., Oravel Stays Ltd., The Travel Corp., Thomas Cook India Ltd., Treebo Hotels, TripAdvisor Inc., Uber Technologies Inc., 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 all forthcoming growth opportunities.

The publisher 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 primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

1 Executive Summary: 1.1 Market overview; Executive Summary - Chart on Market Overview; Executive Summary - Data Table on Market Overview; Executive Summary - Chart on Country Market Characteristics; Executive Summary - Chart on Market Segmentation by Mode of Booking; Executive Summary - Chart on Market Segmentation by Service; Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis: 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; 2.2 Criticality of inputs and Factors of differentiation; Overview on criticality of inputs and factors of differentiation; 2.3 Factors of disruption; Overview on factors of disruption; 2.4 Impact of drivers and challenges; Impact of drivers and challenges in 2024 and 2029
3 Market Landscape: 3.1 Market ecosystem; Parent Market; Data Table on - Parent Market; 3.2 Market characteristics; Market characteristics analysis; 3.3 Value chain analysis; Value chain analysis
4 Market Sizing: 4.1 Market definition; Offerings of companies included in the market definition; 4.2 Market segment analysis; Market segments; 4.3 Market size 2024; 4.4 Market outlook: Forecast for 2024-2029; Chart on India - Market size and forecast 2024-2029 ($ million); Data Table on India - Market size and forecast 2024-2029 ($ million); Chart on India: Year-over-year growth 2024-2029 (%); Data Table on India: Year-over-year growth 2024-2029 (%)
5 Historic Market Size: 5.1 Travel Services Market in India 2019 - 2023; Historic Market Size - Data Table on Travel Services Market in India 2019 - 2023 ($ million); 5.2 Mode of Booking segment analysis 2019 - 2023; Historic Market Size - Mode of Booking Segment 2019 - 2023 ($ million); 5.3 Service segment analysis 2019 - 2023; Historic Market Size - Service Segment 2019 - 2023 ($ million)
6 Qualitative Analysis: 6.1 Impact of AI in travel services market in India
7 Five Forces Analysis: 7.1 Five forces summary; Five forces analysis - Comparison between 2024 and 2029; 7.2 Bargaining power of buyers; Bargaining power of buyers - Impact of key factors 2024 and 2029; 7.3 Bargaining power of suppliers; Bargaining power of suppliers - Impact of key factors in 2024 and 2029; 7.4 Threat of new entrants; Threat of new entrants - Impact of key factors in 2024 and 2029; 7.5 Threat of substitutes; Threat of substitutes - Impact of key factors in 2024 and 2029; 7.6 Threat of rivalry; Threat of rivalry - Impact of key factors in 2024 and 2029; 7.7 Market condition; Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Mode of Booking: 8.1 Market segments; Chart on Mode of Booking - Market share 2024-2029 (%); Data Table on Mode of Booking - Market share 2024-2029 (%); 8.2 Comparison by Mode of Booking; Chart on Comparison by Mode of Booking; Data Table on Comparison by Mode of Booking; 8.3 Online - Market size and forecast 2024-2029; Chart on Online - Market size and forecast 2024-2029 ($ million); Data Table on Online - Market size and forecast 2024-2029 ($ million); Chart on Online - Year-over-year growth 2024-2029 (%); Data Table on Online - Year-over-year growth 2024-2029 (%); 8.4 Offline - Market size and forecast 2024-2029; Chart on Offline - Market size and forecast 2024-2029 ($ million); Data Table on Offline - Market size and forecast 2024-2029 ($ million); Chart on Offline - Year-over-year growth 2024-2029 (%); Data Table on Offline - Year-over-year growth 2024-2029 (%); 8.5 Market opportunity by Mode of Booking; Market opportunity by Mode of Booking ($ million); Data Table on Market opportunity by Mode of Booking ($ million)
9 Market Segmentation by Service: 9.1 Market segments; Chart on Service - Market share 2024-2029 (%); Data Table on Service - Market share 2024-2029 (%); 9.2 Comparison by Service; Chart on Comparison by Service; Data Table on Comparison by Service; 9.3 Domestic flight services - Market size and forecast 2024-2029; Chart on Domestic flight services - Market size and forecast 2024-2029 ($ million); Data Table on Domestic flight services - Market size and forecast 2024-2029 ($ million); Chart on Domestic flight services - Year-over-year growth 2024-2029 (%); Data Table on Domestic flight services - Year-over-year growth 2024-2029 (%); 9.4 Hotel accommodation services - Market size and forecast 2024-2029; Chart on Hotel accommodation services - Market size and forecast 2024-2029 ($ million); Data Table on Hotel accommodation services - Market size and forecast 2024-2029 ($ million); Chart on Hotel accommodation services - Year-over-year growth 2024-2029 (%); Data Table on Hotel accommodation services - Year-over-year growth 2024-2029 (%); 9.5 Rail ticket services - Market size and forecast 2024-2029; Chart on Rail ticket services - Market size and forecast 2024-2029 ($ million); Data Table on Rail ticket services - Market size and forecast 2024-2029 ($ million); Chart on Rail ticket services - Year-over-year growth 2024-2029 (%); Data Table on Rail ticket services - Year-over-year growth 2024-2029 (%); 9.6 Cab services - Market size and forecast 2024-2029; Chart on Cab services - Market size and forecast 2024-2029 ($ million); Data Table on Cab services - Market size and forecast 2024-2029 ($ million); Chart on Cab services - Year-over-year growth 2024-2029 (%); Data Table on Cab services - Year-over-year growth 2024-2029 (%); 9.7 Others - Market size and forecast 2024-2029; Chart on Others - Market size and forecast 2024-2029 ($ million); Data Table on Others - Market size and forecast 2024-2029 ($ million); Chart on Others - Year-over-year growth 2024-2029 (%); Data Table on Others - Year-over-year growth 2024-2029 (%); 9.8 Market opportunity by Service; Market opportunity by Service ($ million); Data Table on Market opportunity by Service ($ million)
10 Customer Landscape: 10.1 Customer landscape overview; Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints: 11.1 Market drivers; 11.2 Market challenges; 11.3 Impact of drivers and challenges; Impact of drivers and challenges in 2024 and 2029; 11.4 Market opportunities/restraints
12 Competitive Landscape: 12.1 Overview; 12.2 Competitive Landscape; Overview on criticality of inputs and factors of differentiation; 12.3 Landscape disruption; Overview on factors of disruption; 12.4 Industry risks; Impact of key risks on business
13 Competitive Analysis: 13.1 Companies profiled; Companies covered; 13.2 Company ranking index; Company ranking index; 13.3 Market positioning of companies; Matrix on companies position and classification; 13.4 Airbnb Inc.; Airbnb Inc. - Overview; Airbnb Inc. - Product / Service; Airbnb Inc. - Key offerings; SWOT; 13.5 ANI Technologies Pvt. Ltd.; ANI Technologies Pvt. Ltd. - Overview; ANI Technologies Pvt. Ltd. - Product / Service; ANI Technologies Pvt. Ltd. - Key offerings; SWOT; 13.6 Booking Holdings Inc.; Booking Holdings Inc. - Overview; Booking Holdings Inc. - Product / Service; Booking Holdings Inc. - Key offerings; SWOT; 13.7 Cleartrip Pvt. Ltd.; Cleartrip Pvt. Ltd. - Overview; Cleartrip Pvt. Ltd. - Product / Service; Cleartrip Pvt. Ltd. - Key offerings; SWOT; 13.8 Expedia Group Inc.; Expedia Group Inc. - Overview; Expedia Group Inc. - Business segments; Expedia Group Inc. - Key offerings; Expedia Group Inc. - Segment focus; SWOT; 13.9 Indian Railway Catering and Tourism Corp. Ltd; Indian Railway Catering and Tourism Corp. Ltd - Overview; Indian Railway Catering and Tourism Corp. Ltd - Business segments; Indian Railway Catering and Tourism Corp. Ltd - Key offerings; Indian Railway Catering and Tourism Corp. Ltd - Segment focus; SWOT; 13.10 ITC Hotels Limited; ITC Hotels Limited - Overview; ITC Hotels Limited - Product / Service; ITC Hotels Limited - Key offerings; SWOT; 13.11 Kesari Tours Pvt. Ltd.; Kesari Tours Pvt. Ltd. - Overview; Kesari Tours Pvt. Ltd. - Product / Service; Kesari Tours Pvt. Ltd. - Key offerings; SWOT; 13.12 Le Travenues Technology Ltd; Le Travenues Technology Ltd - Overview; Le Travenues Technology Ltd - Product / Service; Le Travenues Technology Ltd - Key offerings; SWOT; 13.13 Mahindra Holidays and Resorts India Ltd; Mahindra Holidays and Resorts India Ltd - Overview; Mahindra Holidays and Resorts India Ltd - Product / Service; Mahindra Holidays and Resorts India Ltd - Key offerings; SWOT; 13.14 MakeMyTrip Ltd.; MakeMyTrip Ltd. - Overview; MakeMyTrip Ltd. - Business segments; MakeMyTrip Ltd. - Key offerings; MakeMyTrip Ltd. - Segment focus; SWOT; 13.15 Oravel Stays Ltd.; Oravel Stays Ltd. - Overview; Oravel Stays Ltd. - Product / Service; Oravel Stays Ltd. - Key offerings; SWOT; 13.16 Thomas Cook India Ltd.; Thomas Cook India Ltd. - Overview; Thomas Cook India Ltd. - Business segments; Thomas Cook India Ltd. - Key offerings; Thomas Cook India Ltd. - Segment focus; SWOT; 13.17 TripAdvisor Inc.; TripAdvisor Inc. - Overview; TripAdvisor Inc. - Business segments; TripAdvisor Inc. - Key offerings; TripAdvisor Inc. - Segment focus; SWOT; 13.18 Yatra Online Inc.; Yatra Online Inc. - Overview; Yatra Online Inc. - Product / Service; Yatra Online Inc. - Key offerings; SWOT
14 Appendix: 14.1 Scope of the report; 14.2 Inclusions and exclusions checklist; Inclusions checklist; Exclusions checklist; 14.3 Currency conversion rates for US$; Currency conversion rates for US$; 14.4 Research methodology; Research methodology; 14.5 Data procurement; Information sources; 14.6 Data validation; Data validation; 14.7 Validation techniques employed for market sizing; Validation techniques employed for market sizing; 14.8 Data synthesis; Data synthesis; 14.9 360 degree market analysis; 360 degree market analysis; 14.10 List of abbreviations; List of abbreviations; Exhibits:; Exhibits1: Executive Summary - Chart on Market Overview; Exhibits2: Executive Summary - Data Table on Market Overview; Exhibits3: Executive Summary - Chart on Country Market Characteristics; Exhibits4: Executive Summary - Chart on Market Segmentation by Mode of Booking; Exhibits5: Executive Summary - Chart on Market Segmentation by Service; Exhibits6: Executive Summary - Chart on Company Market Positioning; Exhibits7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Exhibits8: Overview on criticality of inputs and factors of differentiation; Exhibits9: Overview on factors of disruption; Exhibits10: Impact of drivers and challenges in 2024 and 2029; Exhibits11: Parent Market; Exhibits12: Data Table on - Parent Market; Exhibits13: Market characteristics analysis; Exhibits14: Value chain analysis; Exhibits15: Offerings of companies included in the market definition; Exhibits16: Market segments; Exhibits17: Chart on India - Market size and forecast 2024-2029 ($ million); Exhibits18: Data Table on India - Market size and forecast 2024-2029 ($ million); Exhibits19: Chart on India: Year-over-year growth 2024-2029 (%); Exhibits20: Data Table on India: Year-over-year growth 2024-2029 (%); Exhibits21: Historic Market Size - Data Table on Travel Services Market in India 2019 - 2023 ($ million); Exhibits22: Historic Market Size - Mode of Booking Segment 2019 - 2023 ($ million); Exhibits23: Historic Market Size - Service Segment 2019 - 2023 ($ million); Exhibits24: Five forces analysis - Comparison between 2024 and 2029; Exhibits25: Bargaining power of buyers - Impact of key factors 2024 and 2029; Exhibits26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029; Exhibits27: Threat of new entrants - Impact of key factors in 2024 and 2029; Exhibits28: Threat of substitutes - Impact of key factors in 2024 and 2029; Exhibits29: Threat of rivalry - Impact of key factors in 2024 and 2029; Exhibits30: Chart on Market condition - Five forces 2024 and 2029; Exhibits31: Chart on Mode of Booking - Market share 2024-2029 (%); Exhibits32: Data Table on Mode of Booking - Market share 2024-2029 (%); Exhibits33: Chart on Comparison by Mode of Booking; Exhibits34: Data Table on Comparison by Mode of Booking; Exhibits35: Chart on Online - Market size and forecast 2024-2029 ($ million); Exhibits36: Data Table on Online - Market size and forecast 2024-2029 ($ million); Exhibits37: Chart on Online - Year-over-year growth 2024-2029 (%); Exhibits38: Data Table on Online - Year-over-year growth 2024-2029 (%); Exhibits39: Chart on Offline - Market size and forecast 2024-2029 ($ million); Exhibits40: Data Table on Offline - Market size and forecast 2024-2029 ($ million); Exhibits41: Chart on Offline - Year-over-year growth 2024-2029 (%); Exhibits42: Data Table on Offline - Year-over-year growth 2024-2029 (%); Exhibits43: Market opportunity by Mode of Booking ($ million); Exhibits44: Data Table on Market opportunity by Mode of Booking ($ million); Exhibits45: Chart on Service - Market share 2024-2029 (%); Exhibits46: Data Table on Service - Market share 2024-2029 (%); Exhibits47: Chart on Comparison by Service; Exhibits48: Data Table on Comparison by Service; Exhibits49: Chart on Domestic flight services - Market size and forecast 2024-2029 ($ million); Exhibits50: Data Table on Domestic flight services - Market size and forecast 2024-2029 ($ million); Exhibits51: Chart on Domestic flight services - Year-over-year growth 2024-2029 (%); Exhibits52: Data Table on Domestic flight services - Year-over-year growth 2024-2029 (%); Exhibits53: Chart on Hotel accommodation services - Market size and forecast 2024-2029 ($ million); Exhibits54: Data Table on Hotel accommodation services - Market size and forecast 2024-2029 ($ million); Exhibits55: Chart on Hotel accommodation services - Year-over-year growth 2024-2029 (%); Exhibits56: Data Table on Hotel accommodation services - Year-over-year growth 2024-2029 (%); Exhibits57: Chart on Rail ticket services - Market size and forecast 2024-2029 ($ million); Exhibits58: Data Table on Rail ticket services - Market size and forecast 2024-2029 ($ million); Exhibits59: Chart on Rail ticket services - Year-over-year growth 2024-2029 (%); Exhibits60: Data Table on Rail ticket services - Year-over-year growth 2024-2029 (%); Exhibits61: Chart on Cab services - Market size and forecast 2024-2029 ($ million); Exhibits62: Data Table on Cab services - Market size and forecast 2024-2029 ($ million); Exhibits63: Chart on Cab services - Year-over-year growth 2024-2029 (%); Exhibits64: Data Table on Cab services - Year-over-year growth 2024-2029 (%); Exhibits65: Chart on Others - Market size and forecast 2024-2029 ($ million); Exhibits66: Data Table on Others - Market size and forecast 2024-2029 ($ million); Exhibits67: Chart on Others - Year-over-year growth 2024-2029 (%); Exhibits68: Data Table on Others - Year-over-year growth 2024-2029 (%); Exhibits69: Market opportunity by Service ($ million); Exhibits70: Data Table on Market opportunity by Service ($ million); Exhibits71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Exhibits72: Impact of drivers and challenges in 2024 and 2029; Exhibits73: Overview on criticality of inputs and factors of differentiation; Exhibits74: Overview on factors of disruption; Exhibits75: Impact of key risks on business; Exhibits76: Companies covered; Exhibits77: Company ranking index; Exhibits78: Matrix on companies position and classification; Exhibits79: Airbnb Inc. - Overview; Exhibits80: Airbnb Inc. - Product / Service; Exhibits81: Airbnb Inc. - Key offerings; Exhibits82: SWOT; Exhibits83: ANI Technologies Pvt. Ltd. - Overview; Exhibits84: ANI Technologies Pvt. Ltd. - Product / Service; Exhibits85: ANI Technologies Pvt. Ltd. - Key offerings; Exhibits86: SWOT; Exhibits87: Booking Holdings Inc. - Overview; Exhibits88: Booking Holdings Inc. - Product / Service; Exhibits89: Booking Holdings Inc. - Key offerings; Exhibits90: SWOT; Exhibits91: Cleartrip Pvt. Ltd. - Overview; Exhibits92: Cleartrip Pvt. Ltd. - Product / Service; Exhibits93: Cleartrip Pvt. Ltd. - Key offerings; Exhibits94: SWOT; Exhibits95: Expedia Group Inc. - Overview; Exhibits96: Expedia Group Inc. - Business segments; Exhibits97: Expedia Group Inc. - Key offerings; Exhibits98: Expedia Group Inc. - Segment focus; Exhibits99: SWOT; Exhibits100: Indian Railway Catering and Tourism Corp. Ltd - Overview; Exhibits101: Indian Railway Catering and Tourism Corp. Ltd - Business segments; Exhibits102: Indian Railway Catering and Tourism Corp. Ltd - Key offerings; Exhibits103: Indian Railway Catering and Tourism Corp. Ltd - Segment focus; Exhibits104: SWOT; Exhibits105: ITC Hotels Limited - Overview; Exhibits106: ITC Hotels Limited - Product / Service; Exhibits107: ITC Hotels Limited - Key offerings; Exhibits108: SWOT; Exhibits109: Kesari Tours Pvt. Ltd. - Overview; Exhibits110: Kesari Tours Pvt. Ltd. - Product / Service; Exhibits111: Kesari Tours Pvt. Ltd. - Key offerings; Exhibits112: SWOT; Exhibits113: Le Travenues Technology Ltd - Overview; Exhibits114: Le Travenues Technology Ltd - Product / Service; Exhibits115: Le Travenues Technology Ltd - Key offerings; Exhibits116: SWOT; Exhibits117: Mahindra Holidays and Resorts India Ltd - Overview; Exhibits118: Mahindra Holidays and Resorts India Ltd - Product / Service; Exhibits119: Mahindra Holidays and Resorts India Ltd - Key offerings; Exhibits120: SWOT; Exhibits121: MakeMyTrip Ltd. - Overview; Exhibits122: MakeMyTrip Ltd. - Business segments; Exhibits123: MakeMyTrip Ltd. - Key offerings; Exhibits124: MakeMyTrip Ltd. - Segment focus; Exhibits125: SWOT; Exhibits126: Oravel Stays Ltd. - Overview; Exhibits127: Oravel Stays Ltd. - Product / Service; Exhibits128: Oravel Stays Ltd. - Key offerings; Exhibits129: SWOT; Exhibits130: Thomas Cook India Ltd. - Overview; Exhibits131: Thomas Cook India Ltd. - Business segments; Exhibits132: Thomas Cook India Ltd. - Key offerings; Exhibits133: Thomas Cook India Ltd. - Segment focus; Exhibits134: SWOT; Exhibits135: TripAdvisor Inc. - Overview; Exhibits136: TripAdvisor Inc. - Business segments; Exhibits137: TripAdvisor Inc. - Key offerings; Exhibits138: TripAdvisor Inc. - Segment focus; Exhibits139: SWOT; Exhibits140: Yatra Online Inc. - Overview; Exhibits141: Yatra Online Inc. - Product / Service; Exhibits142: Yatra Online Inc. - Key offerings; Exhibits143: SWOT; Exhibits144: Inclusions checklist; Exhibits145: Exclusions checklist; Exhibits146: Currency conversion rates for US$; Exhibits147: Research methodology; Exhibits148: Information sources; Exhibits149: Data validation; Exhibits150: Validation techniques employed for market sizing; Exhibits151: Data synthesis; Exhibits152: 360 degree market analysis; Exhibits153: List of abbreviations

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