Tuesday, November 21, 2023

The great potential of India’s tourists

Good news! As the middle income households of India expand by the tens of millions so does tourism.

Some sorry people will worry about the attendant increase of CO2 emissions!

"... consumption of goods and services, including leisure and recreation, is forecast to double by 2030. ...
India has already recovered 61 percent of its prepandemic market, with 13 million outbound tourists in 2022.1 This represents a much quicker recovery than most Asian countries."

"... As India has become home to a rapidly rising group of multimillionaires ...
But there’s still a sizable number of Indians who fly regularly: 42 million. Among them are business leaders, workers, and students wanting quick and easy travel to places both inside and outside of the country. To cater to a growing middle class, India’s major airlines have spent billions to buy about 1,000 planes in 2023, far outpacing any other country. ..."

From India to the world: Unleashing the potential of India’s tourists | McKinsey The world could see a wave of Indian travelers in the coming decade—nine charts reveal key trends and case studies of how destinations can attract and delight these Indian travelers.







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