India outbound visitors will grow with a double digit CAGR of 10% 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.
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.
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 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.
All of the countries 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: