The international sea passenger transport expenditure in India is forecasted to experience steady growth from 2024 to 2028. The expenditures increase gradually from $443.6 million in 2024 to $454.81 million by 2028. Though the year-on-year growth rate is modest, reflecting a stable market, the compound annual growth rate (CAGR) over these years indicates a consistent upward trend in spending.
Future Trends to Watch:
- Expansion of cruise tourism as India develops new ports and cruise offerings.
- Shifts in consumer preferences towards experiential travel and sustainability.
- Impact of regulatory policies on international travel and maritime safety.
- Influence of technological advancements in enhancing passenger experience and operations.