travel company shares in india

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Best Travel Stocks in India

• Created May 23, 2024
• Author Pooja
• Category Best Stocks to Buy
• Reading Time: 8 minutes

In this article, we will discuss

An overview of the indian travel and tourism industry, the best travel stocks in india in 2024, things to keep in mind before investing in travel stocks.

The Indian travel industry has grown by leaps and bounds over the years owing to rising disposable income and a rapidly expanding middle-class population. However, the COVID-19 pandemic derailed the industry completely and left its future uncertain. With the fog over the industry lifting, investing in travel stocks in India could potentially be an attractive opportunity to capitalise on the sector's resurgence.

In this article, we are going to briefly explore the industry and delve into some of the best travel and tourism-related stocks you can consider adding to your portfolio in 2024.

Travel and tourism are the largest among all the service industries in India. In fact, the industry’s contribution to the country’s Gross Domestic Product (GDP) was about 5.9% of the entire Gross Domestic Product (GDP) of India as of FY2022.

According to various estimates, the industry is poised to grow rapidly in the coming years. The travel market is likely to touch $125 billion by 2027, with international tourist volume projected to increase to 30.5 million by 2028. In terms of employment, the industry is likely to provide jobs to 53 million individuals by 2029.

Although there was a major slump in domestic travel and tourism during the COVID-19 pandemic, the industry has rebounded strongly and is continuing to do so. The primary drivers of this sharp rebound are government initiatives to promote tourism, a growing preference for experiential travel and social media influence.

Technological advancements and digital platforms have also played a major role in revolutionising travel and tourism in India. The simplification of planning and booking tickets and experiences has encouraged more individuals to travel, often on a whim.

As India continues to develop travel infrastructure, including airports, railways and highways, the travel and tourism sector will flourish further in the near future. Combined with a growing market of eager travellers, investing in travel companies’ shares seems like an attractive opportunity for long-term wealth creation.

With so many good travel and tourism-related stocks to choose from, you may find it challenging to pick the one that is right for you. Tabulated below are some of the top travel stocks you can consider investing in 2024 along with their key fundamental metrics.

Note: All of the values in the table are valid as of May 20, 2024.

Thomas Cook (India) Limited

Thomas Cook (India) Limited is one of the leading integrated travel and travel-related service providers in India. The company is known for offering a wide range of domestic and international tour packages. Additionally, it also offers a range of foreign exchange services ranging from buying and selling currencies to forex and multi-currency cards.

Known for its innovation, Thomas Cook (India) Limited offers a range of personalised and customisable travel experiences to cater to young travellers. The company also offers the ability to book hotels and flights through its portal at attractive rates. Thomas Cook (India) Limited has consistently been the recipient of several travel and tourism awards in India and abroad.

Dreamfolks Services Limited

Incorporated in 2013, Dreamfolks Services Limited is a global lifestyle and travel services aggregator. The company’s primary business vertical is providing multiple airport services such as lounge access and airport spa treatments to airport transfers and transit hotels.

Presently, Dreamfolks Services Limited has an unassailable 90% market share in the lounge access segment in India. The company has tie-ups with a wide range of banks, card networks and airlines through which it delivers the services. The asset-light business model and strategic partnerships with global service providers make Dreamfolks Services Limited a unique player in the travel ecosystem and one of the best travel stocks to invest in.

Indian Railway Catering & Tourism Corporation Limited

One of the largest travel and tourism-related stocks in terms of market capitalisation, the Indian Railway Catering & Tourism Corporation Limited (IRCTC) is a state-owned enterprise that handles online ticketing operations for the Indian Railways. In addition to providing a platform for booking train tickets, IRCTC also offers catering and tourism services.

Through the IRCTC web portal, travellers can also book retiring rooms and hotels, exclusively charter trains or coaches and holiday and rail tour packages, among others. The company has a strong revenue stream thanks to its monopoly in online ticketing and catering services for the Indian Railways.

IRCTC has consistently been making efforts to enhance service quality, expand its product offerings and improve customer satisfaction, all of which are likely to yield positive results in the near future.

BLS International Services Limited

One of the largest visa consultancy service providers in India, BLS International Services Limited has over 18 years of experience in the field. The portfolio of services that the company provides includes visa processing, citizen and front-end services, consular services, e-visas, biometrics and identity management and verification and attestation services. BLS International Services Limited has active collaborations with more than 46 governments, diplomatic missions, consulates and embassies.

In addition to India, the company is operational in 63 other countries in various parts of the world and has over 50,000 offices globally. BLS International Services Limited also has 4 global training centres where more than 60,000 of its employees are trained stringently on various visa-related services. As global travel continues to pick up pace, the demand for visa and consular services may rise, which is likely to hugely benefit BLS International Services Limited.

Easy Trip Planners Limited

Among the fastest-growing travel stocks, Easy Trip Planners Limited is an online travel agency that offers a wide range of services from flight ticket and hotel bookings to holiday and activity bookings. The company provides its entire portfolio of travel and travel-related services under the EasyMyTrip branding.

One of the advantages that the company has over other similar online travel agencies is its loyal customer base which it has managed to build by offering highly competitive pricing and attractive offers and discounts.

EaseMyTrip’s strong online presence and efficient digital platform have enabled it to capture significant market share. As travel demand continues to surge, the company is likely to see increased transaction volumes, which can drive revenue and profitability. That said, it is also important to note that the online travel agency space is highly competitive and has many key players.

Yatra Online Limited

Yatra Online Limited is another one of the very popular travel stocks in India. A prominent player in the online travel services space, the company offers an array of travel-related services. These include flight tickets, hotel bookings, holiday packages, bus and train tickets, cabs, visas, cruises, adventures, activities and other travel-related services.

One of the many advantages that Yatra Online Limited enjoys is its significant brand presence, which it leverages to build a strong customer base for itself. The company also caters to more than 800 corporates under Yatra for Business and is the leader in business travel in India. Yatra Online Limited’s strategic focus on enhancing its technology platform and expanding its corporate travel segment is likely to bear fruit in the long run.

India Tourism Development Corporation Limited

The India Tourism Development Corporation Limited (ITDC) is another public sector undertaking offering one-stop solutions for all travel, tourism and hospitality-related needs. The company is involved in the development, promotion and management of tourism infrastructure and services in the country. Currently, ITDC owns over 17 properties under the Ashok Group of Hotels.

In addition to operating hotels, restaurants, duty-free shops and transport facilities, the company also offers an extensive range of travel and tour packages under Ashok Travels & Tours (ATT). ITDC plays a pivotal role in promoting tourism in India and is most likely to benefit from government initiatives and policies aimed at boosting the sector. The company’s diverse portfolio of services and strategic presence in key tourist locations within India are key reasons for its stable revenue base.

International Travel House Limited

Established in 1981, the International Travel House (ITH) Limited is India’s first-ever listed travel company. It offers comprehensive travel management services including corporate travel, leisure travel, car rentals and event management. The company is an associate of one of India’s largest conglomerates in terms of market capitalisation - ITC Limited.

ITH’s focus on providing cost-effective packaged travel solutions to key leisure destinations within and outside the country is a major draw for young travellers. The company also caters to business clientele by providing corporate travel advisory services, transient accommodation services (TAS) and Emergency Travel Services (ETS).

With corporate and leisure travel rebounding to pre-pandemic levels, International Travel House is well-positioned to benefit from the increasing demand, making it one of the best travel and tourism-related stocks to have in your portfolio.

Although investing in travel and tourism-related stocks does have its advantages, there are certain aspects you must consider before investing in the industry.

• Regulatory Environment

Government policies and regulations can significantly impact travel companies. As an investor, it is important to keep an eye on regulatory changes and their potential effects.

• Domestic and International Demand

The travel and tourism industry is heavily reliant on the demand from domestic and international travellers. It is advisable to look into the travel statistics and patterns of travellers to gain insights into the demand before investing.

• Market Volatility

The travel and tourism industry is highly sensitive to economic cycles, geopolitical events and major health crises. These events can lead to volatility in travel stocks. Therefore, the market conditions and macroeconomic situations are some of the most crucial factors you need to account for when investing.

• Competitive Landscape

The travel industry is very competitive with both organised and unorganised players vying for a market share. As an investor, you must ensure that you thoroughly analyse the competitive landscape before investing. Selecting travel stocks with few competitive pressures and high barriers of entry can be advantageous in the long run.

• Diversification

The travel and tourism industry is made up of several sub-segments - online travel agencies, travel service providers and hospitality, among others. Diversifying your investments across these segments could potentially lower risk and enhance your returns.

As the Indian travel and tourism industry continues to expand, investing in fundamentally strong travel stocks could be a good way to create wealth in the long term. That said, since each stock has its own unique strengths, growth drivers and risk factors, you must ensure that you do thorough research and analyse the various entities before investing.

Also, ensure that you consider the various factors that are likely to influence the industry as a whole. This way, you can effectively capitalise on the resurgence of the travel sector by making informed decisions.

Disclaimer: INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING. The asset classes and securities quoted in the film are exemplary and are not recommendatory. SAMCO Securities Limited (Formerly known as Samruddhi Stock Brokers Limited): BSE: 935 | NSE: 12135 | MSEI- 31600 | SEBI Reg. No.: INZ000002535 | AMFI Reg. No. 120121 | Depository Participant: CDSL: IN-DP-CDSL-443-2008 CIN No.: U67120MH2004PLC146183 | SAMCO Commodities Limited (Formerly known as Samruddhi Tradecom India Limited) | MCX- 55190 | SEBI Reg. No.: INZ000013932 Registered Address: Samco Securities Limited, 1004 - A, 10th Floor, Naman Midtown - A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai - 400 013, Maharashtra, India. For any complaints Email - [email protected] Research Analysts -SEBI Reg.No.-INHO0O0005847

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Makemytrip limited (mmyt).

• Previous Close 93.82
• Bid 94.85 x 100
• Ask 95.64 x 100
• Day's Range 93.76 - 97.50
• 52 Week Range 36.81 - 101.50
• Volume 234,492
• Avg. Volume 662,827
• Market Cap (intraday) 10.448B
• Beta (5Y Monthly) 1.29
• PE Ratio (TTM) 54.07
• EPS (TTM) 1.76
• Earnings Date Jul 23, 2024
• Forward Dividend & Yield --
• Ex-Dividend Date --
• 1y Target Est 103.67

MakeMyTrip Limited Overview Travel Services / Consumer Cyclical

MakeMyTrip Limited, an online travel company, sells travel products and services in India, the United States, Southeast Asia, Europe, and internationally. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. It offers various services and products, including booking of air and bus tickets; hotels and packages; rail tickets; car hire; and ancillary travel requirements, such as facilitating access to third-party travel, other insurance products, foreign currency exchange services, and visa processing under the MakeMyTrip, Goibibo, and redBus brand names. The company allows travelers to research, plan, book, and purchase travel services and products through its websites comprising makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae; and other technology-enhanced distribution channels, including call centers, travel stores, and travel agents network, as well as mobile service platform. The company serves leisure and corporate travelers. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.

Full Time Employees

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Travel Services

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Performance overview: mmyt.

Trailing total returns as of 9/10/2024, which may include dividends or other distributions. Benchmark is S&P 500 .

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Research Analysis: MMYT

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Wise Travel India Ltd.

As on 10 Sep, 2024 | 03:32

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The Estimates data displayed by Moneycontrol is not a recommendation to buy or sell any securities. Estimates data is a third party aggregated data provided by S&P Global Market Intelligence LLC for informational purposes only. The Company advises the users to check with duly registered and qualified advisors before taking any investment decision. The Company does not guarantee the accuracy, adequacy or completeness of any information/data and is not responsible for any errors or omissions or for the results obtained from the use of such information/data. The Company or anyone involved with the Company will not accept any liability for loss or damage as a result of reliance on the Estimates data. The Company does not subscribe or endorse any of the services and/or content offered by such third party.

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*Transaction of a minimum quantity of 500,000 shares or a minimum value of Rs 5 crore.

MASATYA TECHNOLOGIES PRIVATE LIMITED

Saket agarwal, saket agrawal, yuga stocks and commodities private limited ..

*A bulk deal is a trade where total quantity of shares bought or sold is more than 0.5% of the equity shares of a company listed on the exchange.

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*Disclosures under SEBI Prohibition of Insider Trading Regulations, 2015

RAJASTHAN GLOBAL SECURITIES PRIVATE LIMITED ALONGWITH PAC Sale

*Disclosures under SEBI SAST (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

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D-21, Corporate Park, 3rd Floor,,Near Sector-8 Metro Station,,Sector-21,

011-45434542

[email protected]

http://www.wticabs.com

Beetal House, 3rd Floor,,99 Madangir, Behind Local Shopping Centre,,

New Delhi 110062

011-29961281, 29961282, 29961283

011-29961284

[email protected]

http://www.beetalfinancial.com

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International Travel House Ltd

Incorporated in 1981, International Travel House Limited (ITH) started operations as India's first publicly listed travel company. At present, company is engaged in business of providing travel related services to travelers in India and abroad. [1]

Overview [1] International Travel House Ltd. commenced its operations in 1981 and went public in Sep 1993. The company is an International Air Transport Association (IATA) member and offers tickets of 265 member airlines by using the Billing and Settlement Plan (BSP) system of IATA.

• Market Cap ₹ 526 Cr.
• Current Price ₹ 659
• High / Low ₹ 781 / 351
• Stock P/E 22.5
• Book Value ₹ 178
• Dividend Yield 0.76 %
• ROCE 23.0 %
• Face Value ₹ 10.0
• Sales & Margin
• EV / EBITDA
• Price to Book
• Market Cap / Sales
• Company is almost debt free.
• Company has delivered good profit growth of 60.2% CAGR over last 5 years
• Debtor days have improved from 144 to 104 days.
• Company's working capital requirements have reduced from 52.2 days to 23.3 days
• Stock is trading at 3.70 times its book value
• Company has a low return on equity of 11.5% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Sector: Miscellaneous Industry: Travel Agencies

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• Announcement under Regulation 30 (LODR)-Change in Directorate 7h - Cessation of Mr. Homi Phiroze Ranina, Independent Director pursuant to completion of his term as approved by the Shareholders.
• Announcement under Regulation 30 (LODR)-Change in Directorate 29 Aug
• Shareholder Meeting / Postal Ballot-Outcome of AGM 29 Aug
• Announcement Under Regulation 30 (LODR)- Change In Senior Management Personnel 12 Aug
• Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Aug - Completion of despatch of the Notice of the 43rd Annual General Meeting.

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• Financial Year 2024 from bse
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• Financial Year 2021 from bse
• Financial Year 2020 from bse
• Financial Year 2019 from bse
• Financial Year 2018 from bse
• Financial Year 2017 from bse
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• Financial Year 2014 from bse
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India Online Travel Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

India's Online Travel Market Report is Segmented by Service Type (transportation, Travel Accommodation, Vacation Packages, and Others), by Booking Type (online Travel Agencies, Direct Travel Suppliers), by Platform (desktop, Mobile) and by Tour Type (Independent Traveller, Tour Group, Package Traveller). the Market Size and Forecasts for the India Online Travel Market are Provided in Terms of Value (USD) for all the Above Segments.

• India Online Travel Market Size

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Need a report that reflects how COVID-19 has impacted this market and its growth?

India Online Travel Market Analysis

The India Online Travel Market size is estimated at USD 17.24 billion in 2024, and is expected to reach USD 28.40 billion by 2029, growing at a CAGR of 10.5% during the forecast period (2024-2029).

India's online travel industry was hit hard by COVID-19. However, long-term growth fundamentals were intact. The pandemic was a major challenge, but it was also an acquisition opportunity for stronger players as the industry consolidated. Domestic tourism, on the other hand, is expected to pick up faster, with plenty of pent-up demand to support a relatively quick recovery. Indian travel firms have reportedly seen a 25%-30% increase in bookings, both for air travel and accommodations, for the Christmas and New Year holidays.

Mobile apps have become a significant channel for travel bookings. Many of the leading travel companies in India have developed user-friendly mobile apps, allowing travelers to book tickets and accommodations on the go.

The online travel industry in India is highly competitive and features several prominent players, including MakeMyTrip, Yatra, Cleartrip, Goibibo, and Booking.com, among others. These companies offer a variety of services, including flight and hotel bookings, holiday packages, car rentals, and more.

• India Online Travel Market Trends

Growth of the Tourism Industry in India is Driving the Market

The travel and tourism industry in India was the seventh-largest contributor to the country's GDP according to a new report by the World Travel and Tourism Council (WTTC). India's economic growth has been among the highest in the world in the past decade. Positive developments on the economic front should contribute to propelling the country's tourism industry as an increasing number of Indians with rising disposable incomes make a greater number of domestic and international trips.

Players looking to capitalize on growing inbound and outbound international trips from India include MakeMyTrip, which announced its plans to expand into the UAE, and EaseMyTrip, which is expanding its international footprint, particularly in international cities where Indians travel the most. With an expanded international presence, EaseMyTrip expects to provide better service to their customers as well as better rates on local hotels and restaurants that are reluctant to work with companies outside their home countries.

Increasing trend of YOLO and desire for education in international universities will boost the market.

Since March 2020, all of us have faced several losses and challenges. The COVID-19 epidemic left the entire world in a state of lockdown, affecting businesses and households in general. As the world looked forward to a new dawn in 2021, the effects looked slightly different than last time.

According to Ministry of External Affairs (MMEA) data, a significant drop in scholars studying overseas has been observed. Around 2.6 lakh scholars went abroad in 2020, compared to 5.9 lakh scholars in 2019. In 2021 (until February 28, 2021), an estimated 7,699 Indians studied abroad. According to another report, as the number of Indian scholars completing advanced education abroad increases year after year, their overseas spending is expected to increase from USD 28 billion to USD 80 billion by 2024.

India Online Travel Industry Overview

The report covers major international players operating in the Indian online travel market. In terms of market share, a few of the major players currently dominate the market. However, with technological advancement and product innovation, midsize to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

India Online Travel Market Leaders

Booking.com

*Disclaimer: Major Players sorted in no particular order

India Online Travel Market News

• August 2023: Skyscanner launched its Hindi language experience across all its products and services to penetrate deeper into the Indian market. Skyscanner acts as a one-stop solution for travelers looking to compare ticket fares, hotel tariffs, and intra-city commutes by curating data from its partner Online Travel Agent (OTA) sites.
• August 2023: MakeMyTrip long with the Ministry of tourism has launched a unique Travellers' Map of India that showcases 600 plus destinations beyond the popular travel spots in the country.

India's Online Travel Market Report - Table of Contents

1. INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Industry Value Chain Analysis

4.5 Porter's Five Forces Analysis

4.5.1 Threat of New Entrants

4.5.2 Bargaining Power of Buyers/Consumers

4.5.3 Bargaining Power of Suppliers

4.5.4 Threat of Substitute Products

4.5.5 Intensity of Competitive Rivalry

4.6 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

5.1 Service Type

5.1.1 Transportation

5.1.2 Travel Accommodation

5.1.3 Vacation Packages

5.1.4 Other Service Types

5.2 Booking Type

5.2.1 Online Travel Agencies

5.2.2 Direct Travel Suppliers

5.3 Platform

5.3.1 Desktop

5.3.2 Mobile

5.4 By Tour Type

5.4.1 Independent Traveller

5.4.2 Tour Group

5.4.3 Package Traveller

6. COMPETITIVE LANDSCAPE

6.1 Market Concentration Overview

6.2 Company Profiles

6.2.1 Via.com

6.2.2 Booking.com

6.2.3 MakeMyTrip

6.2.4 Yatra

6.2.5 Cleartrip

6.2.6 EaseMyTrip

6.2.7 Expedia

6.2.8 Thomas Cook Ltd.

6.2.9 Cox & Kings Ltd.

6.2.10 Oyo Rooms

6.2.11 ixigo

• *List Not Exhaustive

7. FUTURE OF THE MARKET

8. DISCLAIMER

India Online Travel Industry Segmentation

The online travel market consists of sales of travel services through online channels. Online travel agents or agencies are individuals or companies with websites allowing consumers to book travel-related services via the Internet. A complete background analysis of the market, including the analysis of market size and forecast, market shares, industry trends, growth drivers, and vendors, is provided. Additionally, the report features qualitative and quantitative assessments by analyzing the data gathered from industry analysts and market participants across key points in the industry's value chain.

India's Online Travel Market Report is segmented by service type (transportation, travel accommodation, vacation packages, and others), by booking type (online travel agencies, direct travel suppliers), by platform (desktop, mobile) and By Tour Type (Independent Traveller, Tour Group, Package Traveller). The market size and forecasts for the India Online Travel Market are provided in terms of value (USD) for all the above segments.

India's Online Travel Market Research FAQs

How big is the india online travel market.

The India Online Travel Market size is expected to reach USD 17.24 billion in 2024 and grow at a CAGR of 10.5% to reach USD 28.40 billion by 2029.

What is the current India Online Travel Market size?

In 2024, the India Online Travel Market size is expected to reach USD 17.24 billion.

Who are the key players in India Online Travel Market?

Via.com, Booking.com, MakeMyTrip, Yatra and Expedia are the major companies operating in the India Online Travel Market.

What years does this India Online Travel Market cover, and what was the market size in 2023?

In 2023, the India Online Travel Market size was estimated at USD 15.60 billion. The report covers the India Online Travel Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Online Travel Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

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India's Online Travel Industry Report

Statistics for the 2024 India Online Travel market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Online Travel analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

India Online Travel Market Report Snapshots

• India Online Travel Market Share
• India Online Travel Companies
• India Online Travel News

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India’s Massive Growth in Online Travel: Which Companies Will Lead?

Saniya Zanpure , Skift

March 27th, 2024 at 9:51 AM EDT

The online travel landscape is poised for dynamic growth as local players strive to maintain their dominance and western OTAs take steps to tap into the opportunity.

Saniya Zanpure

In a country known for tradition, India’s travel industry is undergoing a rapid transition. The younger population and a rising use of smartphones is reshaping India’s traditional travel booking landscape.

These forces set the stage for substantial growth in online travel in the coming years.

Skift Research’s latest report, India’s Travel Booking Landscape , offers a 10-chart overview of Indian traveler preferences and the top companies in online travel.

Unlike other markets, where third-party booking platforms dominate, India is unique: There is a roughly balanced market between direct bookings and third-parties.

Competition Heats Up

India has emerged as a pivotal market. As Western travel booking platforms gain traction in India, the third-party online travel landscape has become increasingly diverse and fragmented. 

OTAs are poised to play a significant role in India’s growing travel market and tapping into its online travel opportunities.

MakeMyTrip has emerged as India’s leading OTA, capturing 54% of the country’s online travel market. But western companies, such as Booking and Airbnb, have been steadily gaining market share.

As online travel booking becomes the primary method for Indians, it will be interesting to observe whether local, home-grown players retain their dominance or if the space is overtaken by Western players.

Read our India’s Travel Booking Landscape Report for further insights.

India’s Travel Booking Landscape

India’s travel booking landscape is rapidly shifting online, driven by the younger demographic, rising smartphone penetration, and improving internet connectivity across the country. Currently diverse and fragmented, the online travel landscape, is poised for dynamic growth as local players strive to maintain their dominance and Western OTAs take steps to tap into the emerging opportunity.

Skift India Report

India is booming. Discover the subcontinent’s most important travel news here every Tuesday-Thursday.

Have a confidential tip for Skift? Get in touch

Tags: digital , india , online travel agencies , skift research , smartphones

Travel, Tourism & Hospitality

Travel and tourism industry in India - statistics & facts

The most profitable travel segments, agents to help package travel, key insights.

Detailed statistics

Travel & tourism development rank India 2011-2021

Leading global travel markets by travel and tourism contribution to GDP 2019-2023

Contribution of travel and tourism to GDP of India 2019-2023

Editor’s Picks Current statistics on this topic

Market size of travel and tourism market in India 2023-2030

Travel market distribution in India FY 2018-2027, by type

Further recommended statistics

Key figures.

• Basic Statistic Direct contribution of tourism and hospitality to GDP in India 2012-2034
• Basic Statistic Revenue share from tourism in India 2013-2023, by segment
• Premium Statistic Distribution of direct travel and tourism GDP in India FY 2023, by spending type
• Basic Statistic Number of jobs in travel and tourism sector in India FY 2014-2024
• Premium Statistic PE/VC investment deals in travel and hospitality 2013-2022

Direct contribution of tourism and hospitality to GDP in India 2012-2034

Direct contribution of tourism and hospitality to GDP in India from 2012 to 2023, with an estimate until 2034 (in billion U.S. dollars)

Revenue share from tourism in India 2013-2023, by segment

Distribution of revenue from tourism to GDP in India from 2013 to 2023, by segment

Distribution of direct travel and tourism GDP in India FY 2023, by spending type

Distribution of direct travel and tourism GDP in India in the financial year 2023, by spending type

Number of jobs in travel and tourism sector in India FY 2014-2024

Number of direct and indirect jobs in the travel and tourism sector across India from financial year 2014 to 2023, with projection for 2024 (in millions)

PE/VC investment deals in travel and hospitality 2013-2022

Number of private equity and venture capital deals in the travel and hospitality sector in India from 2013 to 2022

• Premium Statistic Tourist arrivals at India 2022, by region
• Basic Statistic Number of domestic tourist visits in India 2000-2022
• Premium Statistic Number of foreign tourist arrivals in India 2008-2022
• Premium Statistic Number of visitors to national monument India FY 2017-2023, by type
• Premium Statistic Number of domestic visitors to ticketed monuments India FY 2023
• Premium Statistic Number of foreign visitors to ticketed monuments India FY 2023

Tourist arrivals at India 2022, by region

Tourist arrivals at India in 2022, by region (in 1,000s)

Number of domestic tourist visits in India 2000-2022

Number of domestic tourist visits in India from 2000 to 2022 (in millions)

Number of foreign tourist arrivals in India 2008-2022

Number of foreign tourist arrivals in India from 2008 to 2022

Number of visitors to national monument India FY 2017-2023, by type

Number of visitors to national monuments across India from financial year 2017 to 2023, by type (in millions)

Number of domestic visitors to ticketed monuments India FY 2023

Leading ticketed monuments in India in financial year 2023, by number of domestic visitors (in 1,000s)

Number of foreign visitors to ticketed monuments India FY 2023

Leading ticketed monuments in India in financial year 2023, by number of foreign visitors (in 1,000s)

Travel services

• Premium Statistic Online travel agency usage India 2023, by gender
• Premium Statistic Agencies used for online services India 2023 by gender
• Premium Statistic Device used for online travel agency India 2023, by age group
• Premium Statistic Purpose of online travel agency usage India 2023, by age group
• Premium Statistic Reason for not using online travel agency India 2023, by gender

Online travel agency usage India 2023, by gender

Share of online travel agency usage in India as of June 2023, by gender

Agencies used for online services India 2023 by gender

Share of agencies used for online travel services in India as of June 2023, by gender

Device used for online travel agency India 2023, by age group

Device used to access online travel agencies in India as of June 2023, by age group

Purpose of online travel agency usage India 2023, by age group

Purposes of using an online travel agency in India as of June 2023, by age group

Reason for not using online travel agency India 2023, by gender

Share of reasons for not using online travel agencies in India as of June 2023, by gender

Market overview

• Premium Statistic Market size of travel and tourism market in India 2023-2030
• Premium Statistic Travel market distribution in India FY 2018-2027, by type
• Premium Statistic Travel market distribution in India FY 2018-2027, by booking channel
• Premium Statistic Value of hotel market in India FY 2018-2027
• Premium Statistic PE/VC investments in travel and hospitality 2013-2022

Market size of the travel and tourism market in India in 2023, with forecast until 2030 (in billion U.S. dollars)

Distribution of Indian travel market from financial year 2018 to 2020, with an estimate for 2027, by type

Travel market distribution in India FY 2018-2027, by booking channel

Travel market distribution across India from financial year 2018 to 2020, with an estimate for 2027, by booking channel

Value of hotel market in India FY 2018-2027

Value of hotel market in India from financial year 2018 to 2020, with an estimate for 2027 (in billion U.S. dollars)

PE/VC investments in travel and hospitality 2013-2022

Private equity and venture capital investments in travel and hospitality sector in India from 2013 to 2022 (in million U.S. dollars)

Hotel industry

• Premium Statistic Distribution of hotel market in India FY 2018-2027, by type
• Premium Statistic Distribution of the hotel market in India FY 2018-2027, by booking channel
• Premium Statistic Number of hotel rooms in India FY 2001-2023
• Premium Statistic Number of approved hotels in India 2022, by category
• Premium Statistic Supply of hotel rooms in India FY 2022-2023, by city
• Basic Statistic Occupancy rate in hotels in India FY 2001-2024

Distribution of hotel market in India FY 2018-2027, by type

Distribution of the hotel market across India from financial year 2018 to 2020, with an estimate for 2027, by type

Distribution of the hotel market in India FY 2018-2027, by booking channel

Distribution of the hotel market across India from financial year 2018 to 2020, with an estimate for 2027, by booking channel

Number of hotel rooms in India FY 2001-2023

Number of hotel rooms across India from financial year 2001 to 2023, with an estimate until 2027 (in 1,000s)

Number of approved hotels in India 2022, by category

Number of approved hotels in India in 2022, by category

Supply of hotel rooms in India FY 2022-2023, by city

Existing supply of hotel rooms across Indian cities from financial year 2022 to 2023 (in 1,000s)

Occupancy rate in hotels in India FY 2001-2024

Occupancy rate in hotels in India from financial year 2001 to 2023, with estimates of 2024

Major players

• Basic Statistic Leading hotel and restaurant companies in India 2023, by market capitalization
• Basic Statistic Domestic market share of airlines across India FY 2023, by passengers carried
• Premium Statistic Revenue of Airbnb India FY 2018-2020
• Premium Statistic Revenue of OYO across India FY 2019-2023
• Premium Statistic Thomas Cook India revenue FY 2020-2023
• Premium Statistic MakeMyTrip's revenue FY 2015-2024

Leading hotel and restaurant companies in India 2023, by market capitalization

Leading hotel and restaurant companies in India as of 2023, based on market capitalization (in billion Indian rupees)

Domestic market share of airlines across India FY 2023, by passengers carried

Domestic market share of airlines across India in financial year 2023, by passengers carried

Revenue of Airbnb India FY 2018-2020

Revenue of Airbnb India from financial year 2018 to 2020 (in million Indian rupees)

Revenue of OYO across India FY 2019-2023

Revenue of OYO across India from financial year 2019 to 2023 (in billion Indian rupees)

Thomas Cook India revenue FY 2020-2023

Revenue of Thomas Cook (India) Limited from financial year 2020 to 2023 (in billion Indian rupees)

MakeMyTrip's revenue FY 2015-2024

Revenue of MakeMyTrip Limited from financial year 2015 to 2024 (in million U.S. dollars)

Further reports

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Top 10 Travel Companies in India 2023

Here is the list of Top 10 Travel Companies in India which are listed based on Turnover. The travel and tourism sector in India continued as one of the top 10 contributors to global travel and tourism GDP.

In India, the industry plays a significant role in economic and social aspects, generating US$247.3 bn in 2018 growing by 6.7% and contributed 9.2% to the country’s economy. It has also earned foreign exchange to the tune of US$28.9 bn , accounting for 5.4% of total national exports.

List of Top 10 Travel Companies in India

So here is the list of Top 10 Travel Companies in India which are listed based on total sales.

10. International Travel House Ltd

International Travel House Limited, India’s leading Travel Management Company . International Travel House Limited (ITH) started operations in 1981 as India’s first publicly listed travel company.

• Sales: ₹ 194 Cr.
• Operating profit: ₹ 25.7 Cr.
• Net profit : ₹ 30.3 Cr.
• Sales last year: ₹ 184 Cr.
• EBIDT last year: ₹ 24.2 Cr.
• Sales growth 3Years: -4.17 %
• Total Assets: ₹ 179 Cr.
• Reserves: ₹ 115 Cr.
• Debt: ₹ 0.29 Cr.

With a diverse product portfolio, extensive national footprint, strong reputation for service quality and reliability (ISO 9001:2015 certified), and an enviable customer portfolio, ITH has become one of India’s most admired travel companies.

The Company is 10th in the List of Top 10 Travel Companies in India. International Travel House Limited has a strong network of 39 offices in 19 cities across India. Please select a city and its corresponding office below to view contact information.

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9. travelguru.

Travelguru is India’s leading travel website, offering you the best prices on flights, hotels and holiday packages across India and the world.

Travelguru makes planning and buying a holiday or a business trip easy and convenient. TravelGuru is the 9th Largest Travel Company in India.

Travelguru’s current product offering consists of airline tickets, hotel rooms, vacation packages and cruises. The Company will shortly be expanding services to offer a wide array of travel-related services including car rentals .

Expedia is one of the fastest growing online travel portals in Asia, offering travellers an extensive selection of hotels, activities and travel services to meet every budget and activities of every kind at competitive rates.

With over hundreds of thousands of hotel partners worldwide and a comprehensive offering of flight inventory made available on the website, travellers can book everything they need for a holiday – rooms to meet every budget, activities of every kind and travel services to complement.

This website is operated by BEX Travel Asia Pte. Ltd., (“BEX Travel”), a Singapore entity (UEN 201113337M), with its registered address at 8 Marina Boulevard #05-02, Marina Bay Financial Centre Tower 1, Singapore 018981.

BEX Travel is part of the Expedia Group of companies. The Company is 8th in the list of Top 10 Travel Companies in India.

Goibibo is the largest online hotel booking engine in India and also one of the leading air aggregators. Goibibo is also the number one ranked mobile app under the travel category.

Goibibo’s core value differentiator is delivery of the fastest and the most trusted user experiences, be it in terms of quickest search and booking, fastest payments, settlement and refund processes.

Goibibo has grown its hotel booking volumes by 5x in 2015 over the previous year. 70% of hotel bookings take place on Goibibo’s mobile app. It is 7 in the List of Top Travel Companies in India

Goibibo is part of the ibibo Group that also owns India’s No. 1 online Bus ticketing platform, redBus.in and recently launched carpooling app, “ibibo Ryde”.

6. SOTC Travel Limited

SOTC Travel Limited (Formerly SOTC Travel Pvt. Ltd.) is a step-down subsidiary of Fairfax Financial Holdings Group ; held through its Indian listed subsidiary, Thomas Cook (India) Limited (TCIL).

SOTC India is a leading travel and tourism company active across various travel segments including Leisure Travel, Incentive Travel, and Business Travel . SOTC was established in 1949 . Since then, it has escorted lakhs of travelers across the globe for more than 70 years to various destinations around the world.

It is one of the leaders in segments, namely Escorted Group Tours, Customised Holidays, Holidays of India and Incentive Travel amongst others. SOTC’s customer focus, innovation, and operational excellence has not only tapped the existing market potential but has also created new markets through innovative packages.

Its vast array of holiday services is taking holidaying to an entirely new level. A new age innovative holiday maker, SOTC strives to make holidays a priority for every Indian. Through investments in technology and with a strong online presence the company serves its customers through an omnichannel play.

5. Yatra Online Pvt Ltd 

Yatra Online Pvt Ltd  based in Gurgaon India is one of India’s leading online travel companies and operates the website Yatra.com . The Company is ranked 5th in the list of Top 10 Travel Companies in India.

The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city, and point-to-point cabs, homestays and cruises .

As a leading platform of accommodation options, Yatra provides real-time bookings for more than  83,000 hotels in India and over 800,000 hotels around the world. Launched in August 2006, Yatra Online is founded by Mr. Dhruv Shringi and Mr. Manish Amin in the year 2006.

4. MakeMyTrip

MakeMyTrip is a pioneer in India’s online travel industry . Founded in the year 2000 by Deep Kalra, MakeMyTrip came to life to empower the Indian traveler with instant bookings and comprehensive choices.

The company initiated its journey serving the US-India travel market offering a range of best-value products and services powered by technology and round-the-clock customer support. MakeMyTrip has proactively diversified its product offering, adding a variety of online and offline products and services. It is India’s leading online travel company

After consolidating its position in the market as a brand recognized for its reliability and transparency, MakeMyTrip launched its India operations in 2005 . With more and more Indians initiating to transact online with IRCTC and new opportunities with the advent of low-cost carriers, MakeMyTrip offered travelers the convenience of booking travel online with a few clicks.

3. Mahindra Holidays & Resorts India Ltd

Mahindra Holidays & Resorts India Ltd. (MHRIL), a part of the Leisure and Hospitality sector of the Mahindra Group , offers quality family holidays primarily through vacation ownership memberships and brings to the industry values such as reliability, trust and customer satisfaction.

• Sales: ₹ 2,526 Cr.
• Operating profit: ₹ 456 Cr.
• Net profit: ₹ 84.9 Cr.
• Sales last year: ₹ 2,517 Cr.
• EBIDT last year: ₹ 589 Cr.
• Sales growth 3Years: 2.00 %
• Total Assets: ₹ 9,098 Cr.
• Reserves: ₹ 189 Cr.
• Debt: ₹ 2,623 Cr.

Mahindra Holidays & Resorts India Limited is part of the USD 20.7 billion multinational Mahindra Group. Started in 1996 , the company’s flagship brand ‘Club Mahindra Holidays ’, today has a fast-growing customer base o f over 220,000 members and 61+ resort s at some of the most exotic locations in India and abroad.

• ROE 5Yr: 7.34 %
• ROCE: 10.2 %
• ROCE 3Yr: 7.28 %
• Return on equity: 35.9 %

2. Cox & Kings Ltd

Cox & Kings  is the longest established travel company in the world. Its India operations are headquartered in Mumbai and have the status of a limited company. It has over 12 fully owned offices in India across key cities such as New Delhi, Chennai, Bangalore, Kolkata, Ahmedabad, Kochi, Hyderabad, Pune, Goa, Nagpur, and Jaipur.

The worldwide offices are located in UK, USA, Japan, Russia, Singapore, and Dubai. It has associate offices in Germany, Italy, Spain, South Africa, Sweden, and Australia. Cox is Best Travel Agency in India.

By 1878, C&K were agents for most British regiments posted overseas, including the Royal Cavalry, Artillery, and Infantry, as well as the Royal Wagon Train and the Household Brigade. The Royal Navy was next and in 1912, The Royal Air Force came under its wings.

Between the 1750s and 1950s, Cox & Kings was witness to an exciting era in Indian history, and, in its own way, helped to shape it. In 1947, the British administration departed, but bound by strong ties to India, Cox & Kings stayed on and flourished. Today, Cox & Kings is a premium brand in all travel-related services in the Indian subcontinent, employing over 5000 trained professionals.

1. Thomas Cook (India) Ltd

Thomas Cook (India) Limited is a leading integrated travel and travel‑related services company with operations in 29 countries, across five continents through its Indian and global subsidiaries and key investments . Headquartered in India, travel and travel-related financial services companies in the Asia Pacific region .

• Sales: ₹ 5,970 Cr.
• Operating profit: ₹ 266 Cr.
• Net profit: ₹ 87.4 Cr.
• Sales last year: ₹ 5,048 Cr.
• EBIDT last year: ₹ 241 Cr.
• Sales growth 3Years: -9.60 %
• Total Assets: ₹ 5,657 Cr.
• Reserves: ₹ 1,666 Cr.
• Debt: ₹ 539 Cr.

Having established its presence in India as early as 1881, Thomas Cook (India) Limited (TCIL) was incorporated in 1978 and listed in 1983. The Company have three major business segments, namely. It is the largest Travel Companies in India Based on Turnover.

• Travel and Related Services,
• Financial Services and
• Strategic and Portfolio Investments.

Promoted by Fairfax Financial Holdings Limited, through its wholly-owned subsidiary, Fairbridge Capital (Mauritius) Limited holding 66.94% . Thomas Cook (India) Ltd is the largest Travel Company in India based on Turnover. It is one of the Best Travel Agency in India.

• ROE 5Yr: -1.99 %
• ROCE: 5.23 %
• ROCE 3Yr: -6.54 %
• Return on equity: 0.39 %

Thomas Cook (India) Limited is a leading integrated travel and travel‑related services company with operations in 29 countries, across five continents . So based on Sales Thomas Cook is the best travel company in India.

Thomas Cook (India) Ltd is the Biggest Travel agency in India based on total sales in the recent year.

Raveendran R

Editor @ Indiancompaies.in

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Comments 28

Fly 24 hrs is the India’s top leading B2B portal who provides there clients Bulk Luxury flight at very cheap price which didn’t break their clients bank. And A bonus tip which they provides to their customers is that on the first flight booking from them if you use the code “Welcome” you have the chance to get discount up-to ‘₹1000’. Visit their website Now!

For All Airport Transfers and Sightseeing in Singapore

thomas cook is one of trust brand .honestly recommended to everyone.

For Tour packages- Please check with Indian Travel Waves Private Limited New Delhi

Hi I am interested

Such a great information thanks for sharing

Shesgadri travels

R.R.Travels, Agra is one of the best in providing travel related services.

ETRAV.IN IS THE BEST TRAVEL AGENCY

LVP TRAVEL is becoming emerging as a big Asia tour supplier in India

Hi, I am Rishiraj From India’s Leading Startup Travel Company i.e. Experience Travelidea pvt. Ltd. Where we are providing extraordinary rates at both B2C and B2B.

HI THIS SIDE TRIPTI FROM STAR PREMIUM TRAVEL AND TOURISM COMPANY WE WANT B2B WID UR COMPANNY ,, R U INTRESTED SP PLZ SHARE CONCERNED PERSON NUMBER SO WE WILL SHARE U FURTHER INFORMATION

Hi Star Premium Travel and Tourism, I’ll be able to give your group booking rates, good b2b and b2c rates. Would you be interested?

Best inbound travel company is services International Ltd

I have B2b Online Travel Portal

fly24hrs is a fraud

How you can say, it`s fraud

because the owner is a fraud

hi pls reply I want to ask about travel visa into philippines and the flight ticket form new deli to manila also

cox and kings is already closed down the operation in India, they cannot be in top 10 list.

Nice article,

I love this as very clean and informative

Nature Canvas Travel is the best to provide tourism related services in Kolkata and north east India.

We are the best Car & bus Rental Providers for entire North Eastern region, Crystas, Ac Travellers, Luxury Vehicles

travhook travels is the best to book tickets to travel.

Akbar travels is the biggest one

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Travel Services Market Analysis India - Size and Forecast 2024-2028

• Published: Aug 2024
• SKU: IRTNTR40267

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India Travel Services Market Size 2024-2028

The  India travel services market size is estimated to   grow by USD 21.21 billion  at a CAGR of 15.42% between 2023 and 2028. The market's expansion relies on various factors, including the uptick in M&A activities, partnerships, and strategic alliances, the growth of international tourist arrivals, and the increasing use of online payment platforms. These elements collectively influence market dynamics, indicating the evolving nature of business strategies and consumer behaviors. The rise in M&A activities, partnerships, and alliances highlights the industry's focus on collaboration and expansion to capitalize on emerging opportunities. Additionally, the growth in international tourist arrivals signifies a broader trend toward globalization and the increasing importance of the tourism sector in driving economic growth. Furthermore, the adoption of online payment platforms reflects the digital transformation of the industry, driven by the growing preference for cashless transactions and convenience.

What will be the Size of the Market During the Forecast Period?

To learn more about this report , View Report Sample

• Market Segmentation

By Mode of Booking

The online segment is estimated to witness significant growth during the forecast period. There is an increasing preference among consumers for booking travel services through the online mode due to the convenience offered by these platforms thereby fuelling the sales generated through this segment. Another factor that is fuelling the significant shift is the increasing penetration of and the geographical reach of online travel service providers such as MakeMyTrip, TripAdvisor, IRCTC, and Yatra.

Get a glance at the market contribution of various segments View the PDF Sample

The  online segment was the largest segment and was valued at USD 12.96 billion in 2018. Furthermore, the availability of a strong infrastructure for the penetration of online travel services also positively impacts the growth of this segment. For example, the high Internet penetration and the increasing use of smartphones drive the growth of this format. In 2020, India had over 749 million Internet users across the country. A majority of the consumers in the country make their purchase decisions based on online research on websites, blogs, and social media and through the information offered by some providers. For example, one of the prominent market players in the market, TripAdvisor offers a wide range of blogs and research on its website, which offer detailed information about the various airlines, hotels, travel destinations, activities, and restaurants across India. Hence, such factors are expected to fuel the growth of this segment, which in turn will drive the market growth during the forecast period.

• Market Dynamics

The Travel Services Market encompasses various sectors including Air travel, Sharing economy, Solo travelers, Adventure travel, Low-cost airlines, Eco-tourism, Medical tourism, and Educational tourism . Travelers continue to explore new destinations and experiences, driving demand for travel services. AI and robotics are increasingly being integrated into the industry, enhancing itinerary planning and booking processes for travelers. Air travel remains a significant segment, with growing competition from Low-cost airlines . The Sharing economy, represented by platforms like Airbnb and Couchsurfing, has disrupted traditional travel providers. Solo travelers seek customized trips, while Adventure travelers require specialized services. Eco-tourism and Medical tourism cater to niche markets. Travelers can now plan and book their trips easily using Desktop and Mobile applications, or through Online Travel Agents . Package Travellers look for comprehensive travel solutions, while Domestic tourism is a growing trend. The market is diverse, catering to various segments and preferences, making it an exciting and dynamic industry. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

One of the key factors driving the market growth is the increasing international tourist footfall. There has been a rapid increase in inbound tourism in India which is fuelling the demand. Several tourists across the world are traveling to India for international and domestic business , leisure, and sports trips. Additionally, the presence of several multinational companies in the country is significantly influencing the number of business visits of corporations in India from across the globe.

Moreover, the tourism industry in India is growing at an accelerating pace resulting in improving infrastructure for air, rail, and road connectivity to cities in India and the rising number of government initiatives to promote tourism in the country. Some of the countries from which tourists travel to India include North America, Europe, and the Pacific region. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.

Significant Market Trends

A key factor shaping the market growth is the technological advances in mobile-based and website-based travel service platforms.  Several providers in the market are offering novel ideas and technologies to retain their market shares and offer customers new and innovative services . In addition, many market players are incorporating several advanced technologies into their services portals including websites and mobile applications to offer features such as advanced search filter options and voice assistance.

Moreover, one of the prominent market players Cleartrip offers its service platform with built-in Alexa (voice assistance by Amazon) skills, which enables users to conveniently voice search air travel options. the company also provides a transformative solution named Cleartrip for work, which enables individual travelers with GST numbers to access unlimited corporate fares on the flight, such as unlimited cashback, complimentary in-flight meals, zero trip modification charges, and reduced cancelation and seat selection fees . Hence, such factors are expected to drive Imarket growth during the forecast period.

Major Market Challenge

Intense competition among players leading to price wars is one of the key challenges hindering market growth. Even though global market players are dominant in the market, these market players have stiff competition from different global, regional, and local market players. Therefore, it is essential for market players to heavily invest in R&D to innovate a broad range of service offering that caters to different types of occasions and end-users, including holiday packages for young individuals, couples, and family trips. 

Moreover, the increase in competition from different players in the market will result in price wars . Additionally, the increasing trend of huge discounts and other offers provided by some market players is another major challenge faced by the market. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the market forecast period.

Key Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.

Market Customer Landscape

Who are the Major IMarket Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Airbnb Inc:  The company offers travel services, which include short-term and long-term stay aggregation services through its Airbnb online platform, ranging from Apartment rentals, Villa rentals, and House rentals to monthly stays in India.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• ANI Technologies Pvt. Ltd.
• Booking Holdings Inc.
• Cleartrip Pvt. Ltd.
• Cox and Kings Ltd.
• Easy Trip Planners Ltd.
• Expedia Group Inc.
• Indian Railway Catering and Tourism Corp. Ltd.
• Kesari Tours Pvt. Ltd.
• Le Travenues Technology Ltd
• Mahindra and Mahindra Ltd.
• MakeMyTrip Ltd.
• Oravel Stays Ltd.
• The Travel Corp
• Thomas Cook (India) Ltd.
• Treebo Hotels
• TripAdvisor Inc.
• Uber Technologies Inc.
• Yatra Online Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

• Segment Overview

The market forecasting report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Domestic flight services
• Hotel accommodation services
• Rail ticket services
• Cab services

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Market Analyst Overview

Travel services encompass a wide range of offerings, including air travel, online travel services, online travel agencies, and various forms of transportation such as hotel booking services, cruise bookings, rail bookings, and car rental services. The travel industry is evolving with the integration of AI and robotics, making it more convenient for travelers to plan their trips. The sharing economy, with platforms like Airbnb and Couchsurfing, has also disrupted traditional travel providers. Solo travelers, adventure travel, eco-tourism, medical tourism, and educational tourism are niche markets that cater to specific traveler needs. Corporations and individual travelers alike utilize travel services for business and leisure purposes. Offline travel services and direct travel services offer personalized itinerary planning and booking flights, accommodations, and transportation. Indirect travel services, such as travel agencies, provide a one-stop solution for travelers looking to book multi-destination trips or group travel. The travel planning process involves securing travel documents, such as visas and passports, and making flight bookings, hotel reservations, and transportation arrangements. Travelers can choose from various trip planning options, including DIY planning or using the services of travel providers. Adventure trips offer unique travel experiences, while international tourism provides opportunities to explore diverse cultures and destinations. Regardless of the type of travel, the goal is to create memorable experiences and make the journey as seamless as possible.

View PDF Sample

What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch

1 Executive Summary

• Executive Summary - Chart on Market Overview
• Executive Summary - Data Table on Market Overview
• Executive Summary - Chart on Country Market Characteristics
• Executive Summary - Chart on Market Segmentation by Mode of Booking
• Executive Summary - Chart on Market Segmentation by Service
• Executive Summary - Chart on Company Market Positioning

2 Market Landscape

• Parent Market
• Data Table on - Parent Market
• Market characteristics analysis
• Value Chain Analysis

3 Market Sizing

• Offerings of companies included in the market definition
• Market segments
• 3.3 Market size 2023
• Chart on India - Market size and forecast 2023-2028 ($ million)
• Data Table on India - Market size and forecast 2023-2028 ($ million)
• Chart on India: Year-over-year growth 2023-2028 (%)
• Data Table on India: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

• Historic Market Size - Data Table on Travel Services Market in India 2018 - 2022 ($ million)
• Historic Market Size - Mode of Booking Segment 2018 - 2022 ($ million)
• Historic Market Size - Service Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

• Five forces analysis - Comparison between 2023 and 2028
• Bargaining power of buyers - Impact of key factors 2023 and 2028
• Bargaining power of suppliers - Impact of key factors in 2023 and 2028
• Threat of new entrants - Impact of key factors in 2023 and 2028
• Threat of substitutes - Impact of key factors in 2023 and 2028
• Threat of rivalry - Impact of key factors in 2023 and 2028
• Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Mode of Booking

• Chart on Mode of Booking - Market share 2023-2028 (%)
• Data Table on Mode of Booking - Market share 2023-2028 (%)
• Chart on Comparison by Mode of Booking
• Data Table on Comparison by Mode of Booking
• Chart on Online - Market size and forecast 2023-2028 ($ million)
• Data Table on Online - Market size and forecast 2023-2028 ($ million)
• Chart on Online - Year-over-year growth 2023-2028 (%)
• Data Table on Online - Year-over-year growth 2023-2028 (%)
• Chart on Offline - Market size and forecast 2023-2028 ($ million)
• Data Table on Offline - Market size and forecast 2023-2028 ($ million)
• Chart on Offline - Year-over-year growth 2023-2028 (%)
• Data Table on Offline - Year-over-year growth 2023-2028 (%)
• Market opportunity by Mode of Booking ($ million)
• Data Table on Market opportunity by Mode of Booking ($ million)

7 Market Segmentation by Service

• Chart on Service - Market share 2023-2028 (%)
• Data Table on Service - Market share 2023-2028 (%)
• Chart on Comparison by Service
• Data Table on Comparison by Service
• Chart on Domestic flight services - Market size and forecast 2023-2028 ($ million)
• Data Table on Domestic flight services - Market size and forecast 2023-2028 ($ million)
• Chart on Domestic flight services - Year-over-year growth 2023-2028 (%)
• Data Table on Domestic flight services - Year-over-year growth 2023-2028 (%)
• Chart on Hotel accommodation services - Market size and forecast 2023-2028 ($ million)
• Data Table on Hotel accommodation services - Market size and forecast 2023-2028 ($ million)
• Chart on Hotel accommodation services - Year-over-year growth 2023-2028 (%)
• Data Table on Hotel accommodation services - Year-over-year growth 2023-2028 (%)
• Chart on Rail ticket services - Market size and forecast 2023-2028 ($ million)
• Data Table on Rail ticket services - Market size and forecast 2023-2028 ($ million)
• Chart on Rail ticket services - Year-over-year growth 2023-2028 (%)
• Data Table on Rail ticket services - Year-over-year growth 2023-2028 (%)
• Chart on Cab services - Market size and forecast 2023-2028 ($ million)
• Data Table on Cab services - Market size and forecast 2023-2028 ($ million)
• Chart on Cab services - Year-over-year growth 2023-2028 (%)
• Data Table on Cab services - Year-over-year growth 2023-2028 (%)
• Chart on Others - Market size and forecast 2023-2028 ($ million)
• Data Table on Others - Market size and forecast 2023-2028 ($ million)
• Chart on Others - Year-over-year growth 2023-2028 (%)
• Data Table on Others - Year-over-year growth 2023-2028 (%)
• Market opportunity by Service ($ million)
• Data Table on Market opportunity by Service ($ million)

8 Customer Landscape

• Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Opportunity/Restraints

• 9.1 Market drivers
• 9.2 Market challenges
• Impact of drivers and challenges in 2023 and 2028
• 9.4 Market opportunities/restraints

10 Competitive Landscape

• 10.1 Overview
• Overview on criticality of inputs and factors of differentiation
• Overview on factors of disruption
• Impact of key risks on business

11 Competitive Analysis

• Companies covered
• Matrix on companies position and classification
• Airbnb Inc. - Overview
• Airbnb Inc. - Product / Service
• Airbnb Inc. - Key offerings
• ANI Technologies Pvt. Ltd. - Overview
• ANI Technologies Pvt. Ltd. - Product / Service
• ANI Technologies Pvt. Ltd. - Key offerings
• Booking Holdings Inc. - Overview
• Booking Holdings Inc. - Product / Service
• Booking Holdings Inc. - Key offerings
• Cleartrip Pvt. Ltd. - Overview
• Cleartrip Pvt. Ltd. - Product / Service
• Cleartrip Pvt. Ltd. - Key offerings
• Expedia Group Inc. - Overview
• Expedia Group Inc. - Business segments
• Expedia Group Inc. - Key offerings
• Expedia Group Inc. - Segment focus
• Indian Railway Catering and Tourism Corp. Ltd - Overview
• Indian Railway Catering and Tourism Corp. Ltd - Business segments
• Indian Railway Catering and Tourism Corp. Ltd - Key offerings
• Indian Railway Catering and Tourism Corp. Ltd - Segment focus
• ITC Ltd. - Overview
• ITC Ltd. - Business segments
• ITC Ltd. - Key news
• ITC Ltd. - Key offerings
• ITC Ltd. - Segment focus
• Kesari Tours Pvt. Ltd. - Overview
• Kesari Tours Pvt. Ltd. - Product / Service
• Kesari Tours Pvt. Ltd. - Key offerings
• Le Travenues Technology Ltd - Overview
• Le Travenues Technology Ltd - Product / Service
• Le Travenues Technology Ltd - Key offerings
• Mahindra and Mahindra Ltd. - Overview
• Mahindra and Mahindra Ltd. - Business segments
• Mahindra and Mahindra Ltd. - Key news
• Mahindra and Mahindra Ltd. - Key offerings
• Mahindra and Mahindra Ltd. - Segment focus
• MakeMyTrip Ltd. - Overview
• MakeMyTrip Ltd. - Business segments
• MakeMyTrip Ltd. - Key offerings
• MakeMyTrip Ltd. - Segment focus
• Oravel Stays Ltd. - Overview
• Oravel Stays Ltd. - Product / Service
• Oravel Stays Ltd. - Key offerings
• Thomas Cook India Ltd. - Overview
• Thomas Cook India Ltd. - Business segments
• Thomas Cook India Ltd. - Key offerings
• Thomas Cook India Ltd. - Segment focus
• TripAdvisor Inc. - Overview
• TripAdvisor Inc. - Business segments
• TripAdvisor Inc. - Key offerings
• TripAdvisor Inc. - Segment focus
• Yatra Online Inc. - Overview
• Yatra Online Inc. - Key offerings

12 Appendix

• 12.1 Scope of the report
• Inclusions checklist
• Exclusions checklist
• Currency conversion rates for US$
• Research methodology
• Information sources
• Data validation
• Validation techniques employed for market sizing
• Data synthesis
• 360 degree market analysis
• List of abbreviations

Frequently Asked Questions?

How big is the travel services market in india market in apac , what is the travel services market in india market growth, which segment accounted for the largest travel services market in india market share in apac , who are the key players in the travel services market in india market in apac , what are the factors driving the travel services market in india market in apac .

• Increase in number of M and A, partnerships, and strategic alliances
• Introduction of low-cost airlines

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