According to a Booking application’ study, Indians will rank fourth globally in tourism spending by 2030.
However, the study indicated that leisure travel represented only about 1% of the total trips taken by Indians last year and that this forecast may continue until 2030. Based on the report’s predictions, 5 billion trips will be taken in 2030 globally. According to previous studies, the United States, China, and Germany were the three countries that spent the most on travel globally, while India came in sixth place, and total spending on foreign trips is expected to rise from about 25% to 35%, the study showed.
It is estimated that Indian travelers will take an additional five billion trips by 2030, and spending on travel and tourism will reach $410 billion by then. This is an increase of more than 170% from $150 billion in 2019, the report showed. As more people enter the labor market, the country’s per capita household spending will rise and may outpace other developing Asian economies such as Indonesia, the Philippines, and Thailand.
More than $200 billion has been spent in the past decade to improve India’s transportation sector, and the number of airports in the country has doubled since 2014, Booking.com and McKinsey reported.
The report showed that to prepare for the growing appetite for travel, Indian airlines have ordered more than a thousand units of aircraft, bringing the total number of aircraft to between 1,500 and 1,700 units by 2030.
The report highlighted the travel preferences of Indian trips when it comes to a partner, spouse, or family. The study also showed that Indians choosing their travel destination is influenced by movies and social media as they are affected by what they watch on TV.
