Aviation & hotels to drive India market

By 2020, the Indian travel market will be propelled by rapidly growing aviation industry, hospitality and railways. This will be backed by the government increasing spending on tourism infrastructure and proposed 100 per cent FDI in tourism.

Indian travel market will grow to $ 48 Bn by 2020

Indian travel market is projected to grow at 11-11.5% to the tune of $48 Bn by 2020 with the biggest contributor, air travel expected to grow at 15% to $30 Bn. Hotels will grow at 13% to $13 Bn by 2020 while railways will remain largely stagnant at $5 Bn. Domestic demand (business and leisure) and foreign demand will drive this acceleration in growth. The Government has also increased spending on tourism infrastructure and proposed 100% FDI in tourism.