‘Expert insights into the world’s fastest-growing outbound travel market’

In 2019, there were almost 20 million international departures by Indian residents, which we (CAPA India) forecast to grow to 45 million by 2030, making India one of the most attractive source markets for destinations in the world. A key feature of the outbound market going forward will be the increasing share of discretionary leisure travel, which, over time, is likely to become the leading driver of traffic, whereas business, VFR and labour have historically been the primary purpose of international travel. As more Indians travel, and travel more often, their preferences are becoming increasingly diverse and sophisticated.

The agenda at the virtual summit will address key questions such as:

• What is the expected stimulatory impact of a privatised and resurgent Air India and a highly ambitious IndiGo, both of which are placing increasing emphasis on international operations?
• Is India really a low-yield market? There is a sizeable market that has the interest and ability to spend more, but it is simply not being presented the right products or being approached through the right channels.
• Are the needs of premium Indian travellers and their appetite for luxury products and unique experiences being addressed?
• How can the travel and tourism industry better understand Indian travellers?
• What will it take to unlock the potential of the Indian outbound travel market?

In the 15 years before COVID, India’s domestic market was the fastest-growing in the world, while international traffic grew at around half the pace. However, there has been a material shift after the pandemic. “International is suddenly the new domestic”, with CAPA India forecasting both segments to grow at a similar rate through to 2030.