India is poised to become one of the world’s biggest travel spenders by 2030, according to a new study.
The study, conducted by booking.com and McKinsey & Company, predicts that India’s travel spending will grow from US$150 billion in 2019 to US$410 billion by 2030. This would make India the fourth largest travel spender in the world, behind only the United States, China, and Germany.
The study also found that Indian travelers are becoming more adventurous and are willing to travel to new and off-beat destinations. In 2022, around 29% of Indian travelers went on leisure trips that lasted more than 25 days, which is higher than the global average.
The study also found that Indian travelers are increasingly planning their trips at the last minute. The average trip planning window for Indian travelers in 2023 was around 30 days, compared to 57 days for Japanese travelers.
The study also found that Indian travelers are influenced by their favorite movies, shows, and stars when choosing a destination. Around 54% of Indian travelers said they have been influenced by popular culture when making travel plans.
The study predicts that domestic tourism will grow significantly in the coming years, driven by government support for local experiences. The number of accommodations in India is expected to nearly double by 2030, to reach 290,000.
On the international front, popular destinations for Indian travelers include Dubai, Bangkok, Singapore, London, and Paris. However, Vietnam, Indonesia, and Nepal are also gaining popularity due to improved air connectivity, increased awareness, and simplified visa processes.
The study’s findings are good news for the Indian travel industry. The growth in travel spending will create jobs and boost the economy. It will also give Indian travelers more opportunities to explore their own country and the world.