Spending on outbound tourism is projected to surge from USD 18.82 billion in 2024 to USD 55.39 billion by 2034, according to a recent report.
The “Navigating Horizons” report, prepared by Nangia NXT and Ficci, highlights that packaged tours continue to dominate India’s outbound tourism market, accounting for 39.20% in 2024. This preference for pre-planned packages stems from their convenience and customization options.
The report notes that the availability of Indian or vegetarian food options and increased awareness of niche tourism are expected to boost the frequency and number of Indians traveling abroad in the coming years. The sector has experienced robust growth driven by rising disposable incomes, an expanding middle class, easier visa processes, and a desire for international experiences.
Countries such as Egypt, Azerbaijan, and Georgia are gaining popularity due to their rich cultural heritage, natural beauty, and affordability, attracting more Indian travelers.
With a growing urban and youthful population, interest in international destinations is anticipated to remain strong, supported by favorable demographic trends.
Suraj Nangia, Head of Government and Public Sector Advisory at Nangia NXT, commented that India’s outbound tourism market is on a stellar growth trajectory, expected to reach USD 18.82 billion in 2024. This growth benefits related sectors like aviation and hospitality and is driven by increased consumer spending, visa reforms, social media influence, and marketing efforts.
The Indian outbound tourism market is projected to grow at a CAGR of 11.4% and hit USD 55.39 billion by 2034. This growth not only benefits foreign economies but also significantly boosts India’s GDP and strengthens international economic ties.
Ahetesham Khan, Executive Director of Sports, Media & Entertainment & Tourism Advisory at Nangia NXT, attributed the surge to rising middle-class families, higher disposable incomes, and a growing interest in international travel.
The report also highlights the impact of technology and social media on travel decisions, noting that digital platforms facilitate trip planning and booking, while social media helps destinations attract Indian tourists.
