India is the world’s fastest-growing major global economy, and has one of the fastest-growing travel markets as well. Strong gains in online travel continue to drive penetration upward, and by 2021, 45% of gross travel bookings will occur online. Online hotel distribution in particular is beginning to gain momentum, and lodging will be the country’s quickest growing online travel segment. Meanwhile, air is the largest segment, and the development of regional airports will open new routes and create opportunities for technology and distribution intermediaries. As both smartphone and Internet penetration in India rise, mobile is emerging as a platform of choice for an increasing share travel bookings.
This report presents market sizing and projections for the Indian total and online leisure/unmanaged business travel markets for 2015-2021, along with analysis of the key segments, trends, players and challenges that characterize this dynamic market.
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- Size of the Indian Market
- Car Rental
- Online Travel Agencies