Monday, January 27, 2025 According to Skift market research, a significant number of travelers from both China and India are planning to travel in 2025. Specifically, around 88% of Chinese travelers and 82% of Indian travelers intend to explore destinations abroad. These two countries are leading all global markets in travel intent.
However, the nature and patterns of their travel behaviors are significantly different, reflecting each nation’s unique economic and social dynamics. This shift is expected to have a notable impact on the global travel industry, especially in destinations looking to capture the increasing share of outbound tourists from these regions. India’s Outbound Market Surge India’s outbound travel market, valued at US$15.
2 billion in 2023, has been on an upward trajectory and is projected to continue growing at a rate of 11.4% annually until 2032. The country’s travel sector contributed over US$221 billion to India’s GDP in 2023, marking a nearly 10% increase compared to 2019 levels.
Projections suggest that this contribution could grow to US$500 billion by 2034, underlining the significance of the travel and tourism sector for India’s economy. The surge in India’s outbound travel market can be attributed to several key factors. One of the main drivers is the country’s relatively young population, with a median age of 28.
Coupled with a stable GDP growth of 6-7%, this demographic shift has expanded the middle class, which is increasingly inc.
