Projections indicate that this growth trajectory will propel the market volume to USD 34.25 billion by 2028.
Prime Minister Narendra Modi's emphasis on preserving India's rich heritage while developing world-class tourism infrastructure has been pivotal in shaping the sector's growth. The recent announcement of 100% Foreign Direct Investment (FDI) in tourismrelated ventures, including hotels and recreational facilities, aims to foster further development in the industry.
The package holidays market is emerging as the largest segment, with a projected market volume of USD 10.48 billion in 2024. By 2028, the number of users in this segment is expected to increase significantly, reaching 64.74 million.
The average revenue per user (ARPU) in the package holidays market is forecasted to be USD 209.70 by 2028, with online sales contributing 60% of the total revenue.
In alignment with global trends, India's tourism industry is focusing on promoting sustainable and eco-friendly travel options to attract travellers. The sector is poised to contribute USD 250 billion to the country's GDP by 2030, generating employment for 137 million individuals.
Esta historia es de la edición April 17, 2024 de The Business Guardian.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 17, 2024 de The Business Guardian.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
DELHI HIGH COURT ORDERS MEDICAL EVALUATION OF LALU YADAV'S AIDE AMIT KATYAL HAULED UP IN PMLA CASE
The Delhi High Court in the case observed and has constituted a medical board of AIIMS to evaluate the condition of RJD chief Lalu Prasad Yadav's close aide Amit Katyal, who is in custody in a money laundering case which relates to the alleged land-for jobs scam case.
SC Collegium Recommends Appointment Of 2 Additional Judges Of The Gauhati High Court As The Permanent Judges
The Supreme Court Collegium has recommended appointment of two Additional Judges of the Gauhati High Court as the Permanent Judges.
Meet Maulik Patel, cancer survivor who scored 715/720 in NEET UG 2024 on first attempt
Despite battling advanced cancer, Maulik Patel from Mumbai's Ghatkopar achieved an impressive score of 715 out of 720 in his first attempt at NEET UG 2024.
Mumbai police issues statement on incident involving Raveena Tandon
The Mumbai Police issued a statement on Sunday regarding an altercation outside actor Raveena Tandon's residence on Saturday night, sparked by a minor parking issue.
'He has no involvement': Aaditya Thackeray attacks Shinde over Coastal Road project
Shiv Sena (UBT) leader Aaditya Thackeray on Monday took a jibe at Maharashtra Chief Minister.
Sri Satya Sai multi-religious mass marriage ceremony in held in Yavatmal
In an extraordinary celebration of unity and communal harmony, the Satchikitsa Prasarak Mandal Yavatmal, in collaboration with the Hrudaya Spandana Sri Sai Meru Mathi Trust, Bangalore, successfully hosted a multi-religious mass marriage ceremony on the afternoon of 9th June.
Congress delegation meets state governor
A delegation of the Congress party led by the party's state president, Nana Patole, met Governor Ramesh Bais on Tuesday evening.
SHIV SENA HOLDS MEETING OF MLAS TO STRATEGISE ON UPCOMING ASSEMBLY POLLS
Shiv Sena held a meeting of all its MLAs at Maharashtra Chief Minister Eknath Shinde's residence on Monday.
BRICS ministers, G20 remains top stage for global economic cooperation
The Foreign Ministers of the BRICS nations have reiterated the pivotal role of the G20 as the foremost platform for international economic cooperation, emphasizing that it should continue to operate effectively.
Concerns rise over China coast guard's enforcement practices
The China Coast Guard (CCG) is far more than a maritime law enforcement agency.
