Saturday, November 9, 2024 Austria, Greece, Italy, Germany, and other European nations are increasingly becoming a focal point for India’s outbound travel market, as highlighted in the newly released report, “India Market Insights: Outbound,” unveiled during a panel discussion at the Global Travel & Tourism Resilience Council at World Travel Market London 2024. With India’s outbound tourism poised for rapid growth, this report provides timely insights into how European destinations can align their offerings to meet the diverse needs and expectations of Indian travelers. India , the world’s fifth-largest economy, boasts a population of 1.
4 billion, with a middle class expected to represent 60% of the population by 2047. As this consumer base expands, it brings a growing demand for international travel, with tourism’s contribution to India’s GDP expected to rise significantly in the coming years. Currently accounting for 6.
5% of the nation’s GDP, the travel and tourism sector is projected to grow faster than India’s overall economy, presenting an immense opportunity for destinations looking to attract Indian tourists. Indian travelers have traditionally favored destinations in Southeast Asia, but Europe has emerged as a popular alternative, with diverse attractions that appeal to the Indian market. While the United Kingdom and France remain top choices despite a slight decline in year-over-year demand, other European countries are witnessing notable growth.
It.
