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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for India Outbound Tourism Market products.
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The Report Title India Outbound Tourism Market has been added by Kenneth Research, provides detailed insights of the market scenario which is further classified on the basis of market size and market volume, along with the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2021-2028.
India Outbound Tourism Market Analysis – 2018-2020
According to the World Bank, the per-capita income of India was USD 7,762.9 in 2018 and this is anticipated to further increase in the coming years, thus positively impacting the outbound tourism market. The market for India outbound tourism (to France) consists of various activities such as air travel, food, insurance, visa, domestic travel, accommodation, local sightseeing and others which require money to be spent on by Indian travellers on their trips to France. The India outbound tourism market observed a market value of USD 2,980.8 million in 2018, which grew by a significantly high amount by the end of 2019.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
The market is segmented by type of tourism, by type of traveller, by channel of booking and by region. On the basis of the type of tourism, the market is segmented into leisure, visit to friends and relatives, business and others. The segment for leisure held the highest market share of about 55% globally in 2018 on account of the growing trend of vising other countries for travel by Indian community. Moreover, various airlines are expanding their businesses on account of the growing number of travellers by launching attractive and economical packages and contributing towards the India outbound tourism market growth.
As per the data recorded by Pacific Asia Travel Association (PATA), around 40% of outbound trips by Indians are for business purposes. Moreover, the segments for leisure, visiting friends & relatives and other purposes each account for over 20% of the total trips.
The market for India outbound tourism market is segmented on the basis of channel of booking into travel agent, online and others, out of which, the segment for online channel is anticipated to hold the leading share in the market. This can be attributed to the increasing internet penetration along with rising number of smartphone users, resulting in higher online bookings of holiday packages that are contributing to the India outbound tourism market growth across the country.
Study Includes Top Companies:
Some of the key industry leaders in the India outbound tourism market are Creative Travel, Luxury Gold, The Appointment Group Limited, Original Travel, Thomas Cook, ABC Travels, International Travel House, and Cox and Kings.
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Competitive Analysis:
The India Outbound Tourism Market report examines the competitive scenario by analyzing key players in the market. The company profiling of leading market players is included in this report with Porter's five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits, and the overall revenue generated by the key players of the Market.
Key points covered in this report:
- The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed.
- The import and export details along with consumption value and production capability of every region is mentioned in the report.
- Porter's five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth.
- The report provides the clients with the facts and figures about the market on the basis of evaluation of the industry through primary and secondary research methodologies.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
Answered to The Frequently Asked Questions:
What Is the Scope of The Report?
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
What Are The Key Segments In The Market?
- By product type
- By End User/Applications
- By Technology
- By Region
Which Market Dynamics Affects The Business?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Key Topic Covered in this Report
- Market Growth Opportunities
- Leading Market Players
- Market Size and Growth Rate
- Market Growth Drivers
- Company Market Share
- Market Trends and Technological
- Impact Analysis of COVID-19 Pandemic on The Global Market
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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James Bullock
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
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