‘By ’24, Indians to be fastest growing int’l visitors to US’
The US expects Indians to be its fastest-growing overseas visitors in the next five years.
The US department of commerce’s “Forecast of International Travellers to the US by Top Origin Countries” sees the number of Indians growing from 13.8 lakh in 2018 and 14.3 lakh in 2019 to almost 19 lakh in 2024.
This anticipated growth of 37% in absolute terms (comparing 2019 to 2024) and 5% CAGR (compounded annual growth rate) is the highest among the top 21 source visitor countries. The average five-year growth in the total number of visitors from all 21 countries is 13.7%. The CAGR of 2.2% for visitors from the 21 countries is expected to rise from 8 crore in 2019 to nearly 11crore in 2024.
Canada and Mexico are the top two source markets for international visitors to the US. Among overseas visitors, UK, Japan and China are the top three markets. India was at number 10 in 2018.
Full report on www.toi.in