A 44% increase in foreign arrivals in 2023, may suggest recovery for Indian inbound tourism, but the country has a long way to go to realise its true potential in tourism.
India's travel and tourism sector is witnessing a boom. But making the most of it will need smart ideas and investments. The next few years will show how well global and local companies can seize this chance.
The younger generation in India are increasingly embracing an aspirational lifestyle that places a premium on travel and new experiences. This trend has led to a significant increase in first-time international travelers.
The Indian Union Budget last week was a disappointment, but there was a bright spot with IndiGo, MakeMyTrip, and IHCL all reporting profitable quarters in their earnings calls.
With IndiGo planning to induct Airbus A350 aircraft by 2027, potentially enabling flights to London, will it be considering Gatwick as a new destination?
India has a significant deficit of hotels and the vacation-rental market in the country is filling up this gap while catering to the growing interest in off-the-beaten-path destinations.