What is the growth rate of the India Travel Market?
According to 6Wresearch internal database and industry insights, the India travel market is projected to grow at a CAGR of 9.5% during the forecast period 2025–2031.
The growth of market is experiencing sustained growth due to rising disposable incomes, increased domestic and international travel, and digital adoption in travel planning and booking services.
Key Growth Factors of the India Travel Market
- Growing middle-class population with greater disposable income
- Increasing demand for experiential and wellness travel
- Government initiatives like Dekho Apna Desh and improved tourism infrastructure
- Expansion of budget airlines and improved air connectivity
- Surge in online travel aggregators and mobile booking platforms
- Increasing preference for weekend getaways and short domestic trips
India Travel Market Trends
India travel market is evolving with the emerging trends such as the growing interest in offbeat destinations, eco-tourism, and personalized travel itineraries. Sustainable travel and solo tourism are gaining attention among young consumers. Digital travel platforms with AI-powered recommendations, influencer-based travel marketing, and contactless hotel check-ins are reshaping the traveller experience in India.
Emerging Developments in the India Travel Market
India travel market is seeing emerging developments for example the integration of AR/VR in destination previews, smart tourism using AI chatbots, and the rise of subscription-based travel plans. Especially, the Tier 2 and Tier 3 cities are emerging as major source markets. There is also a shift towards the customized group travel, adventure tourism, and health-focused retreats.
Major Companies in the India Travel Market
- MakeMyTrip
- Yatra
- EaseMyTrip
- Thomas Cook India
- SOTC
- Goibibo
- Cleartrip
- Club Mahindra Holidays
- IRCTC Tourism
- Cox & Kings
How Big is India Travel Market: FAQs
The India travel market is anticipated to grow at a CAGR of 9.5% during the forecast period 2025–2031.
The industry is expected to see robust growth with increasing demand for digital, customized, and sustainable travel experiences.
Trends include sustainable tourism, adventure travel, digital booking, influencer marketing, and wellness-centric vacations.
The infrastructure gaps in rural areas, seasonal demand fluctuations, visa delays for international travel, and lack of standardized safety protocols are challenges.
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