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Mastercard Executive Shares 6 Key Insights Shaping Indian Travel Trends

Peden Doma Bhutia photo
Peden Doma Bhutia
September 6th, 2023 at 10:30 AM EDT
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Skift Take

India's tourism market has made significant strides post pandemic, with a growing appetite for diverse experiences, authenticity and wellness. The world should recognize and cater to India's evolving preferences.

A shift towards experiential journeys, growing demand for premium travel options – Indians approach to travel is evolving, according to Mukul Sukhani, senior vice president of business development at Mastercard.

According to the most recent data from India's apex bank — the Reserve Bank of India (RBI), credit card spending in July 2023 reached a new peak of INR 1.5 trillion, reflecting a year-on-year increase of 25%.

Speaking recently at the B20 Summit in India, Mastercard CEO, Michael Miebach, spoke about how the company has invested significantly in India, recognizing the nation as a hub for digital innovation. 

In his interaction with Skift, Sukhani highlighted the shift in Indian travel trends.

Here are some key takeaways:

1: Shift in Tourism Source Markets — From China to India

With China struggling, India has emerged as a dynamic force in the global t

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