UPTICK IN CONSUMER SPENDING
The tourism sector in India has staged a significant revival since the COVID-19 cases lessened in number, giving a much-needed fillip to the domestic travel segment. This trend is anticipated to persist as the hospitality industry has witnessed a significant increase in demand for premium rooms on account of rising consumer spending. The sector is currently witnessing a boom on the back of better connectivity of highways and the UDAN scheme, which has improved flight connectivity to various tourist destinations. The Indian tourism sector is in a much better situation than other countries, which are more dependent on foreign tourist arrivals. For every beautiful tourist destination in India, there’s an equally attractive alternative that remains unexplored. Hence, the situation is not likely to change even if international travel fully gains momentum. The country will continue to lead as a sustainable destination amid demand for safe and environmentally sustainable travel across the globe.