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Value of travel market in India FY 2018-2027

Published by Sandhya Keelery, May 20, 2022
The value of travel market in India was estimated at 74 billion U.S. dollars in financial year 2020. The travel market was estimated to grow around 127 billion U.S. dollars by financial year 2027. Hotels and airlines made up the chunk of the market. Even though the industry was hit by the COVID pandemic significantly, a path to recovery was expected according to experts from 2022.

Value of the travel market in India from financial year 2018 to 2020, with an estimate for 2027 (in billion U.S. dollars)

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Release date

October 2021

Region

India

Survey time period

FY 2018 to FY 2020

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2021 started in April 2020 and ended in March 2021.

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Statistics on " Travel and tourism in India "

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Statistics on Travel and tourism in India

Key figures

3

Tourism

6

Market overview

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Hotel industry

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Travel agents

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Major players

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