The international tourism receipts for travel items in India exhibited substantial growth from 2013 to 2023, with 2023 marking a high value of $36.245 billion. The period saw fluctuations, including a sharp decline in 2020 due to the global pandemic, followed by a robust recovery in subsequent years. The year-on-year variation reveals trends with significant jumps, particularly post-pandemic, demonstrating resilience and recovery in the tourism sector. The average CAGR over the past five years is a modest 4.88%, reflecting both recovery and steady growth.
Future trends to monitor include:
- Further growth in 2024 and beyond, with a forecasted CAGR of 3.45% over the next five years, reaching $45.093 billion by 2028.
- Potential impact of geopolitical changes, economic policies, and technological advancements on tourism.
- Continued focus on sustainable tourism and eco-friendly practices could influence receipts positively.
Latest reports
US Tourism Market Report- Q4 2024
The US tourism industry experienced significant dynamism in the fourth quarter of 2024, driven by various economic, regulatory, and consumer behavior factors. This...
China Tourism Market Report- Q4 2024
In the fourth quarter of 2024, China's tourism industry continued its robust recovery, bolstered by strong domestic travel and innovative strategic initiatives. The...
Japan Tourism Market Report- Q4 2024
In the fourth quarter of 2024, Japan's tourism industry saw a robust recovery, with foreign visitor numbers reaching 33.37 million, surpassing pre-pandemic levels....
Germany Tourism Market Report- Q4 2024
In Q4 2024, Germany experienced a robust recovery in its tourism sector, driven by significant international interest and strategic initiatives across various segments....
India Tourism Market Report- Q4 2024
In Q4 2024, the Indian tourism industry experienced a dynamic shift, driven by varying market segments and external economic conditions. This period was...
UK Tourism Market Report- Q4 2024
The UK tourism industry in Q4 2024 demonstrates a dynamic environment shaped by technological advancements, economic pressures, and evolving consumer preferences. Key market...
France Tourism Market Report- Q4 2024
Q4 2024 has been a dynamic period for the tourism sector in France, characterized by evolving trends and significant regulatory developments that are...
Canada Tourism Market Report- Q4 2024
In the fourth quarter of 2024, the Canadian tourism industry shows a nuanced recovery, with a noticeable increase in domestic travel due to...
South Korea Tourism Market Report- Q1 2025
The first quarter of 2025 witnessed dynamic changes in the Tourism South Korea market, driven by various economic and geopolitical factors. Inbound tourism...
Australia Tourism Market Report- Q4 2024
The fourth quarter of 2024 showcased a dynamic period for the tourism industry in Australia, marked by significant trends in various sectors including...
