Bulbul Dhawan

India is cementing its position as a significant source market for travel across the world. However, on its own turf, all is not well.

Business travel in India is on a rise. It is the ninth-largest market globally for business travel expenditure. Yatra's agreement with Cipla is the latest development as online travel agencies in India work to profit from this segment.

We're always talking about growth in India, and the hotel industry has had a significant number of branded signings and openings this year. But in May, there was a significant decline in average daily rates and revenue per available room compared to April.

Indian travelers are becoming an important source travel market across the world. A new report highlights the preferences of the high net worth traveler base and what they are willing to spend on.

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.