NEW YORK , Oct. 1, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The Global Travel Services Market in India size is estimated to grow by USD 21.21 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 15.42% during the forecast period. Increase in number of M and A, partnerships, and strategic alliances is driving market growth, with a trend towards introduction of low-cost airlines .
However, intense competition among players leading to price wars poses a challenge - Key market players include Airbnb Inc., ANI Technologies Pvt. Ltd.
, Booking Holdings Inc., Cleartrip Pvt. Ltd.
, Easy Trip Planners Ltd, Expedia Group Inc., Indian Railway Catering and Tourism Corp. Ltd, ITC Ltd.
, Kesari Tours Pvt. Ltd., Le Travenues Technology Ltd, Mahindra and Mahindra Ltd.
, MakeMyTrip Ltd., Oravel Stays Ltd., The Travel Corp.
, Thomas Cook India Ltd., Treebo Hotels, TripAdvisor Inc., Uber Technologies Inc.
, and Yatra Online Inc.. AI-Powered Market Evolution Insights.
Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Key Market Trends Fueling Growth Travel in India is predominantly done via airlines due to their comfort and efficiency, especially for tourists and frequent travelers. However, the cost of air travel , particularly for families or large groups, is significantly higher than other modes like rail or bus. This cost burden can be alleviated .
