India Travel & Tourism Market Size, Share & Growth Forecast by 2033

MARKET OVERVIEW

The India Travel & Tourism Market reached a size of USD 22.47 Billion in 2024 and is forecast to grow to USD 38.12 Billion by 2033. The market is expected to expand at a CAGR of 6.10% during the period 2025-2033. Growth drivers include rising domestic travel, government initiatives, inbound tourism expansion, improved infrastructure, digital advancements, and changing traveler preferences that uplift India's status as a global tourism destination. The report presents a thorough review featuring the India travel & tourism market size, share, trends, and research of the industry.

STUDY ASSUMPTION YEARS

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

INDIA TRAVEL & TOURISM MARKET KEY TAKEAWAYS

• Current Market Size: USD 22.47 Billion (2024)
• CAGR: 6.10% (2025-2033)
• Forecast Period: 2025-2033
• The market growth is fueled by rising domestic travel and government initiatives such as Dekho Apna Desh and PRASHAD Scheme.
• Strengthened infrastructure and digital advancements are enhancing the travel experience.
• Eco-tourism and sustainable travel trends are influencing market dynamics.
• The Ministry of Tourism recorded 18.89 million international arrivals in 2024.
• Government campaigns like Swadesh Darshan 2.0 emphasize sustainable tourism.

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MARKET TRENDS

The India travel & tourism market benefits from strategic government initiatives that bolster domestic tourism and infrastructure development. Programs such as Dekho Apna Desh encourage citizens to explore cultural and heritage sites. The PRASHAD Scheme enhances pilgrimage sites by providing better facilities and connectivity, boosting religious tourism. Swadesh Darshan 2.0 promotes sustainable tourism through eco-friendly infrastructure. These combined efforts improve tourist experiences, stimulate local economies, and contribute to the market's growth.

In 2024, significant milestones include India's Ministry of Tourism registering 18.89 million international arrivals and securing ₹5,287.90 crore in project funding. Campaigns like Chalo India and events such as Bharat Parv showcase India's diverse culture and attractions. Investment in tourism infrastructure has increased, improving air, rail, and road connectivity along with digital marketing campaigns, which strengthen India's position in global tourism.

Eco-tourism is gaining momentum as travelers seek responsible travel experiences. Locations like Kerala, Sikkim, and Uttarakhand lead community-driven eco-tourism projects. National parks such as Jim Corbett and Kaziranga attract conservation-focused visitors. Supporting initiatives like Swadesh Darshan 2.0 and innovations like Delhi’s upcoming electric-solar hybrid boat cruise on the Yamuna river promote sustainable tourism practices, appealing to eco-conscious travelers.

MARKET GROWTH FACTORS

The market growth is driven by rising disposable incomes and increasing domestic and international travel. Government initiatives such as Dekho Apna Desh, PRASHAD Scheme, and Swadesh Darshan 2.0 play a crucial role in promoting tourism by improving facilities, connectivity, and sustainability. These programs encourage exploration of India's cultural heritage and religious sites, fueling tourism demand.

Infrastructure investments such as improved air, rail, and road connectivity, coupled with large-scale promotional efforts and digital marketing campaigns, are enhancing travel accessibility and experiences. These developments increase traveler footfall, servicing growing global and domestic demand while strengthening India’s travel and tourism market share.

The rising preference for eco-tourism and sustainable travel choices is shaping the market. Increased adoption of renewable energy, waste reduction, water conservation, and eco-friendly transportation improve sustainability. Eco-resorts, nature retreats, and low-carbon footprint travel alternatives are becoming popular, driving growth in environmentally conscious traveler segments.

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MARKET SEGMENTATION

Type:

• Domestic: Includes travel within India.
• Inbound: Comprises tourists coming into India from other countries.
• Outbound: Covers Indian residents traveling abroad.

Service Offering:

• Ticket Reservation: Services for booking travel tickets.
• Hotel Booking: Accommodation reservation services.
• Holiday/Tour Packages: Organized travel and tour offerings.
• Others: Miscellaneous services related to travel.

Purpose of Visit:

• Business: Travel for corporate or professional reasons.
• Leisure and Recreation: Travel for vacation and entertainment.
• Education: Travel for academic or learning purposes.
• Medical: Travel for healthcare and treatment.
• Social Activity: Travel related to social events and activities.
• Others: Other unspecified purposes.

Booking Type:

• Travel Companies: Bookings managed by travel companies.
• Travel Agencies: Reservations through travel agencies.
• Online: Online booking platforms.
• Others: Other booking methods.

Region:

• North India
• South India
• East India
• West India

REGIONAL INSIGHTS

The report provides analysis for North India, South India, East India, and West India. Specific dominant regional statistics such as market share or CAGR are not provided explicitly in the source.

RECENT DEVELOPMENTS & NEWS

In November 2024, Uttar Pradesh launched its 2024-25 eco-tourism season for tiger reserves, introducing new facilities including a boating point at Pilibhit and bamboo cabins. Despite conservation guidelines, the state invested substantially in tourism infrastructure aiming to attract visitors while managing ecological challenges. In June 2024, Goa initiated India’s first regenerative tourism model focusing on environmental restoration, cultural preservation, and community empowerment, introducing Ekadasha Teertha spiritual sites to promote sustainable tourism benefiting visitors and local communities.

CUSTOMIZATION NOTE:

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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