India Travel Services Market 2020-2024 | increase in international tourist traffic to stimulate growth | Technavio

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LONDON–(COMMERCIAL THREAD) – Technavio is monitoring the travel services market in India and it is expected to grow by USD 56 billion in 2020-2024, growing at a CAGR of around 19% during the forecast period. The report offers up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Technavio offers three forecast scenarios (optimistic, probable and pessimistic) given the impact of COVID-19. Request for the latest Technavio reports on the directly and indirectly impacted markets. Market estimates include the pre and post COVID-19 impact on the India travel services market. Download a free sample report

The market is fragmented and the degree of fragmentation will accelerate during the forecast period. Airbnb Inc., Cleartrip Pvt. Ltd., Cox & Kings Ltd., Indian Railway Catering and Tourism Corp. Ltd., ITC Ltd., MakeMyTrip Ltd., Oravel Stays Pvt. Ltd., Thomas Cook (India) Ltd., TripAdvisor Inc. and Yatra Online Inc. are some of the major market players. To make the most of the opportunities, market sellers should focus more on the growth prospects of the fast growing segments, while maintaining their positions in the slow growing segments.

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The increase in international tourist attendance has been instrumental in the growth of the market.

Technavio’s customized research reports offer detailed information on the impact of COVID-19 at the industry level, regional level, and subsequent supply chain operations. This personalized report will also help customers track new product launches in direct and indirect markets related to COVID-19, upcoming vaccines and pipeline analysis, and significant developments in supplier operations and government regulations. . https://www.technavio.com/report/report/travel-services-market-in-india-industry-analysis

India Travel Services Market 2020-2024: Segmentation

India travel services market is segmented as follows:

  • Domestic Flight Services, Hotel Accommodation Services

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India Travel Services Market 2020-2024: Scope

Technavio presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources. Our India travel services market report covers the following areas:

  • India Travel Services Market Size

  • India Travel Services Market Trends

  • India Travel Services Market Industry Analysis

This study identifies the introduction of low cost airlines as one of the major reasons for the growth of India travel services market over the next few years.

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India Travel Services Market 2020-2024: Highlights

  • Market CAGR during the forecast period 2020-2024

  • Detailed information on the factors that will contribute to the growth of India Travel Services Market over the next five years

  • Estimation of the size of the travel services market in India and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the travel services market in India

  • Market competitive landscape analysis and detailed supplier information

  • Complete details of the factors that will challenge the growth of India Travel Services Market vendors

Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Currency conversion rates for US $

PART 03: MARKET LANDSCAPE

  • Market segmentation analysis

PART 04: MARKET CALIBRATION

  • Market Size and Forecast 2019-2024

PART 05: FIVE STRENGTH ANALYSIS

  • The bargaining power of buyers

  • Bargaining power of suppliers

PART 06: MARKET SEGMENTATION BY SERVICE

  • Market segmentation by service

  • Domestic Flight Services – Market Size and Forecast 2019-2024

  • Hotel Accommodation Services – Market Size and Forecast 2019-2024

  • Train Ticket Services – Market Size and Forecast 2019-2024

  • Taxi / Taxi Services Market Size and Forecast 2019-2024

  • Domestic Bus Services – Market Size and Forecast 2019-2024

  • Vacation Packages – Market Size and Forecast 2019-2024

  • Market opportunity by service

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY RESERVATION METHOD

  • Market segmentation by booking method

  • Comparison by booking method

  • Online – Market Size and Forecast 2019-2024

  • Offline – Market Size and Forecast 2019-2024

  • Market opportunity by booking method

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Introduction of low cost airlines

  • Increased contribution of travel and tourism to GDP and employment

  • Technological advancements in mobile and website travel service platforms

PART 12: SELLERS LANDSCAPE

PART 13: SUPPLIER ANALYSIS

  • Positioning of sellers in the market

  • Indian Railway Catering and Tourism Corp. Ltd.

PART 14: ANNEX

  • Definition of the market positioning of sellers

PART 15: EXPLORE TECHNAVIO

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