“Indian Outbound Tourism â Market Analysis
Indian outbound touristsâ 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 â including Ireland, Spain, South Korea, Indonesia, Macau (China) and Poland â 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 âIndia Outbound Tourism Market: Outbound Tourists Visit, Tourists Spending and Forecast to 2020â 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
3. United States
5. Hong Kong
6. United Kingdom
11. Sri Lanka
14. South Africa
15. South Korea
16. Other Countries
This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by Renub Research team of industry experts.
Primary sources include industry surveys and telephone interviews with industry experts.
Secondary sources information and data has been collected from various printable and non-printable sources like search engines, News websites, Government Websites, Trade Journals, White papers, Government Agencies, Magazines, Newspapers, Trade associations, Books, Industry Portals, Industry Associations and access to more than 500 paid databases.