Bulbul Dhawan

Adani Airport Holdings manages 7 airports in India, with another one under development. A major player in the country's airport ecosystem, the company is looking at major investment from parent company Adani Enterprises to drive development before its prospective IPO.

Driven by an increase in spending power, Indians are traveling to the U.S. in huge numbers. Gains are further boosted by major sporting events held in the U.S., as Indian sports fans are willing to travel far for events.

Indian travelers are looking at Middle East for short-haul trips. Airlines from India and the region are in a race to attract them.

Paytm's move to expand its travel offerings comes after it recorded a successful quarter for flight bookings. Initially started as a financial services company, Paytm has been enhancing its offerings to increase its revenue streams.

There is an overall push in India to enhance air connectivity to smaller regions across the country. An increase in number of airports, increase in disposable income, and heightened interest in travel have given airlines the confidence to invest in expansion of their domestic operations. This is leading to Indians traveling more, domestically and internationally.

Hotel companies are betting big on the smaller towns in India. With spiritual tourism accounting for 60% of the domestic tourism, the segment is likely to drive the growth in the Indian hospitality industry for the next few years.

If Taiwan continues with its plan to allow visa-on-arrival for Indian travelers, it will join a growing list of countries that are easing visa requirements to attract the outbound market. Also in focus are money minting corporate events for Indian business travelers.

A new stock market index to track the performance of the travel sector is an indicator of the segment's growth in India. Travel companies are having a dream run at the Indian bourses. It remains to be seen whether this demand will sustain over the long term.

Cambodian tourists have largely visited India for religious travel to Buddhist sites and for affordable medical treatments. Meanwhile, Cambodia is hoping to attract more Indians – but much more than a direct flight is needed to attract the Indian travelers.

The Indian aviation sector is adding more airports across the country, and airlines are investing in upgrading and expanding their fleets. A consistent growth in domestic air passenger traffic is crucial to their return on investments, especially as international airlines are eyeing this growing consumer base.