India Travel Market Update 2020

Summary

For more than a decade, India was a shining beacon in the Asia Pacific region, as economic growth and a rising middle class drew companies to the "India opportunity." The country's travel market was among the benefactors of this vibrant growth, with Phocuswright projecting significant advances in gross bookings in 2020. However, these short-term growth prospects were tragically scuttled by the COVID-19 pandemic. This report presents a high-level overview of the India travel market in 2020, including the impact of the pandemic on major players, key segment analysis, and sizing and projections through 2020.