The travel services market in India is set to grow by USD 11.11 billion, progressing at a CAGR of almost 12% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. The increase in the number of M&A, partnerships, and strategic alliances will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Travel Services Market in India 2021-2025: Segmentation
The Travel Services Market in India is segmented as below:
Travel Services Market in India 2021-2025: Vendor Analysis and Scope To help businesses improve their market position, the travel services market in India provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors 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.
The report also covers the following areas:
Travel Services Market in India size
Travel Services Market in India trends
Travel Services Market in India industry analysis
The increasing adoption of online payment platforms is likely to emerge as one of the primary drivers of the market. However, the huge competition among players leading to price war may threaten the growth of the market.
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Backed with competitive intelligence and benchmarking, our research reports on the travel services market in India are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Travel Services Market in India 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist travel services market growth in India during the next five years
Estimation of the travel services market size in India and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the travel services market in India
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the travel services market vendors in India
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Table of Contents:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Service
Comparison by Service
Domestic flight services - Market size and forecast 2020-2025
Hotel accommodation services - Market size and forecast 2020-2025
Rail ticket services - Market size and forecast 2020-2025
Cab services - Market size and forecast 2020-2025
Others - Market size and forecast 2020-2025
Market opportunity by Service
Market Segmentation by Booking
Comparison by Booking
Online - Market size and forecast 2020-2025
Offline - Market size and forecast 2020-2025
Market opportunity by Booking
Market positioning of vendors
Cleartrip Pvt. Ltd.
Cox and Kings Ltd.
Indian Railway Catering and Tourism Corp. Ltd.
Oravel Stays Pvt. Ltd.
Thomas Cook India Ltd.
Yatra Online Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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