Weddings and Sporting Events Fuel Growth in Aviation and Hospitality: India Report
Photo Credit: Weddings brought an estimated business of INR 4.25 trillion ($51 billion) this season. Pexels / Ayoub photographe
Skift Take
The aviation and hospitality sector's growth, coupled with workforce expansion, is a sign of India’s recovering economy post-pandemic.
CMS Info Systems, a company providing logistics and technology solutions, has released consumption trends for the first half of the 2024 fiscal year (October 2023 to March 2024). The aviation and hospitality sectors are showing annual growth of 29.7% and 12.8%, respectively, for the period. The CMS report pointed to increased demand for travel, especially during events like the Cricket World Cup.
Cricket World Cup: India hosted the Men’s Cricket World Cup 2023 after 12 years, from October 5 to November 19, 2023, and the travel industry benefitted from it. As reported by Skift, accommodation searches in host cities for match days have, on average, grown by 237% over the past year. The always much-awaited India vs. Pakistan match and the World Cup Finals were held in Ahmedabad. As a result, the city emerged as the frontrunner, with a 1,702% surge in stay searches.
The UK, U.S., Singapore, Australia, and Malaysia had topped the charts for inbound searches during
