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Travel Services Market in India 2024-2028

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    Report

  • 139 Pages
  • July 2024
  • Region: India
  • TechNavio
  • ID: 4895315
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The travel services market in india is forecasted to grow by USD 21.20 billion during 2023-2028, accelerating at a CAGR of 15.42% during the forecast period. The report on the travel services market in india provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in number of M&A, partnerships, and strategic alliances, increasing international tourist footfall, and rising adoption of online payment platforms.

The travel services market in india is segmented as below:

By Mode Of Booking

  • Online
  • Offline

By Service

  • Domestic flight services
  • Hotel accommodation services
  • Rail ticket services
  • Cab services
  • Others

By Geographical Landscape

  • APAC
This study identifies the introduction of low-cost airlines as one of the prime reasons driving the travel services market in india growth during the next few years. Also, increased contribution of travel and tourism to indias gdp and employment and technological advances in mobile-based and website-based travel service platforms will lead to sizable demand in the market.

The report on the travel services market in india covers the following areas:

  • Travel services market in india sizing
  • Travel services market in india forecast
  • Travel services market in india industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading travel services market in india vendors that include Airbnb Inc., ANI Technologies Pvt. Ltd., Booking Holdings Inc., Cleartrip Pvt. Ltd., Easy Trip Planners Ltd, Expedia Group Inc., Indian Railway Catering and Tourism Corp. Ltd, ITC Ltd., Kesari Tours Pvt. Ltd., Le Travenues Technology Ltd, Mahindra and Mahindra Ltd., MakeMyTrip Ltd., Oravel Stays Ltd., The Travel Corp., Thomas Cook India Ltd., Treebo Hotels, TripAdvisor Inc., Uber Technologies Inc., and Yatra Online Inc. Also, the travel services market in india analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Country Market Characteristics
  • Executive Summary - Chart on Market Segmentation by Mode of Booking
  • Executive Summary - Chart on Market Segmentation by Service
  • Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
2.2 Market characteristics
  • Market characteristics analysis
2.3 Value chain analysis
  • Value Chain Analysis
3 Market Sizing
3.1 Market definition
  • Offerings of companies included in the market definition
3.2 Market segment analysis
  • Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
  • Chart on India - Market size and forecast 2023-2028 ($ million)
  • Data Table on India - Market size and forecast 2023-2028 ($ million)
  • Chart on India: Year-over-year growth 2023-2028 (%)
  • Data Table on India: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Travel Services Market in India 2018 - 2022
  • Historic Market Size - Data Table on Travel Services Market in India 2018 - 2022 ($ million)
4.2 Mode of Booking segment analysis 2018 - 2022
  • Historic Market Size - Mode of Booking Segment 2018 - 2022 ($ million)
4.3 Service segment analysis 2018 - 2022
  • Historic Market Size - Service Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
  • Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
  • Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Mode of Booking
6.1 Market segments
  • Chart on Mode of Booking - Market share 2023-2028 (%)
  • Data Table on Mode of Booking - Market share 2023-2028 (%)
6.2 Comparison by Mode of Booking
  • Chart on Comparison by Mode of Booking
  • Data Table on Comparison by Mode of Booking
6.3 Online - Market size and forecast 2023-2028
  • Chart on Online - Market size and forecast 2023-2028 ($ million)
  • Data Table on Online - Market size and forecast 2023-2028 ($ million)
  • Chart on Online - Year-over-year growth 2023-2028 (%)
  • Data Table on Online - Year-over-year growth 2023-2028 (%)
6.4 Offline - Market size and forecast 2023-2028
  • Chart on Offline - Market size and forecast 2023-2028 ($ million)
  • Data Table on Offline - Market size and forecast 2023-2028 ($ million)
  • Chart on Offline - Year-over-year growth 2023-2028 (%)
  • Data Table on Offline - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Mode of Booking
  • Market opportunity by Mode of Booking ($ million)
  • Data Table on Market opportunity by Mode of Booking ($ million)
7 Market Segmentation by Service
7.1 Market segments
  • Chart on Service - Market share 2023-2028 (%)
  • Data Table on Service - Market share 2023-2028 (%)
7.2 Comparison by Service
  • Chart on Comparison by Service
  • Data Table on Comparison by Service
7.3 Domestic flight services - Market size and forecast 2023-2028
  • Chart on Domestic flight services - Market size and forecast 2023-2028 ($ million)
  • Data Table on Domestic flight services - Market size and forecast 2023-2028 ($ million)
  • Chart on Domestic flight services - Year-over-year growth 2023-2028 (%)
  • Data Table on Domestic flight services - Year-over-year growth 2023-2028 (%)
7.4 Hotel accommodation services - Market size and forecast 2023-2028
  • Chart on Hotel accommodation services - Market size and forecast 2023-2028 ($ million)
  • Data Table on Hotel accommodation services - Market size and forecast 2023-2028 ($ million)
  • Chart on Hotel accommodation services - Year-over-year growth 2023-2028 (%)
  • Data Table on Hotel accommodation services - Year-over-year growth 2023-2028 (%)
7.5 Rail ticket services - Market size and forecast 2023-2028
  • Chart on Rail ticket services - Market size and forecast 2023-2028 ($ million)
  • Data Table on Rail ticket services - Market size and forecast 2023-2028 ($ million)
  • Chart on Rail ticket services - Year-over-year growth 2023-2028 (%)
  • Data Table on Rail ticket services - Year-over-year growth 2023-2028 (%)
7.6 Cab services - Market size and forecast 2023-2028
  • Chart on Cab services - Market size and forecast 2023-2028 ($ million)
  • Data Table on Cab services - Market size and forecast 2023-2028 ($ million)
  • Chart on Cab services - Year-over-year growth 2023-2028 (%)
  • Data Table on Cab services - Year-over-year growth 2023-2028 (%)
7.7 Others - Market size and forecast 2023-2028
  • Chart on Others - Market size and forecast 2023-2028 ($ million)
  • Data Table on Others - Market size and forecast 2023-2028 ($ million)
  • Chart on Others - Year-over-year growth 2023-2028 (%)
  • Data Table on Others - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by Service
  • Market opportunity by Service ($ million)
  • Data Table on Market opportunity by Service ($ million)
8 Customer Landscape
8.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
  • Overview on factors of disruption
10.4 Industry risks
  • Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
  • Companies covered
11.2 Market positioning of companies
  • Matrix on companies position and classification
11.3 Airbnb Inc.
  • Airbnb Inc. - Overview
  • Airbnb Inc. - Product / Service
  • Airbnb Inc. - Key offerings
11.4 ANI Technologies Pvt. Ltd.
  • ANI Technologies Pvt. Ltd. - Overview
  • ANI Technologies Pvt. Ltd. - Product / Service
  • ANI Technologies Pvt. Ltd. - Key offerings
11.5 Booking Holdings Inc.
  • Booking Holdings Inc. - Overview
  • Booking Holdings Inc. - Product / Service
  • Booking Holdings Inc. - Key offerings
11.6 Cleartrip Pvt. Ltd.
  • Cleartrip Pvt. Ltd. - Overview
  • Cleartrip Pvt. Ltd. - Product / Service
  • Cleartrip Pvt. Ltd. - Key offerings
11.7 Expedia Group Inc.
  • Expedia Group Inc. - Overview
  • Expedia Group Inc. - Business segments
  • Expedia Group Inc. - Key offerings
  • Expedia Group Inc. - Segment focus
11.8 Indian Railway Catering and Tourism Corp. Ltd
  • Indian Railway Catering and Tourism Corp. Ltd - Overview
  • Indian Railway Catering and Tourism Corp. Ltd - Business segments
  • Indian Railway Catering and Tourism Corp. Ltd - Key offerings
  • Indian Railway Catering and Tourism Corp. Ltd - Segment focus
11.9 ITC Ltd.
  • ITC Ltd. - Overview
  • ITC Ltd. - Business segments
  • ITC Ltd. - Key news
  • ITC Ltd. - Key offerings
  • ITC Ltd. - Segment focus
11.10 Kesari Tours Pvt. Ltd.
  • Kesari Tours Pvt. Ltd. - Overview
  • Kesari Tours Pvt. Ltd. - Product / Service
  • Kesari Tours Pvt. Ltd. - Key offerings
11.11 Le Travenues Technology Ltd
  • Le Travenues Technology Ltd - Overview
  • Le Travenues Technology Ltd - Product / Service
  • Le Travenues Technology Ltd - Key offerings
11.12 Mahindra and Mahindra Ltd.
  • Mahindra and Mahindra Ltd. - Overview
  • Mahindra and Mahindra Ltd. - Business segments
  • Mahindra and Mahindra Ltd. - Key news
  • Mahindra and Mahindra Ltd. - Key offerings
  • Mahindra and Mahindra Ltd. - Segment focus
11.13 MakeMyTrip Ltd.
  • MakeMyTrip Ltd. - Overview
  • MakeMyTrip Ltd. - Business segments
  • MakeMyTrip Ltd. - Key offerings
  • MakeMyTrip Ltd. - Segment focus
11.14 Oravel Stays Ltd.
  • Oravel Stays Ltd. - Overview
  • Oravel Stays Ltd. - Product / Service
  • Oravel Stays Ltd. - Key offerings
11.15 Thomas Cook India Ltd.
  • Thomas Cook India Ltd. - Overview
  • Thomas Cook India Ltd. - Business segments
  • Thomas Cook India Ltd. - Key offerings
  • Thomas Cook India Ltd. - Segment focus
11.16 TripAdvisor Inc.
  • TripAdvisor Inc. - Overview
  • TripAdvisor Inc. - Business segments
  • TripAdvisor Inc. - Key offerings
  • TripAdvisor Inc. - Segment focus
11.17 Yatra Online Inc.
  • Yatra Online Inc. - Overview
  • Yatra Online Inc. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
12.3 Currency conversion rates for US$
  • Currency conversion rates for US$
12.4 Research methodology
  • Research methodology
12.5 Data procurement
  • Information sources
12.6 Data validation
  • Data validation
12.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
12.8 Data synthesis
  • Data synthesis
  • 360 degree market analysis
  • 360 degree market analysis
12.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Mode of Booking
Exhibits 5: Executive Summary - Chart on Market Segmentation by Service
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on India: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Travel Services Market in India 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Mode of Booking Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Service Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Mode of Booking - Market share 2023-2028 (%)
Exhibits 28: Data Table on Mode of Booking - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Mode of Booking
Exhibits 30: Data Table on Comparison by Mode of Booking
Exhibits 31: Chart on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Online - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Offline - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 39: Market opportunity by Mode of Booking ($ million)
Exhibits 40: Data Table on Market opportunity by Mode of Booking ($ million)
Exhibits 41: Chart on Service - Market share 2023-2028 (%)
Exhibits 42: Data Table on Service - Market share 2023-2028 (%)
Exhibits 43: Chart on Comparison by Service
Exhibits 44: Data Table on Comparison by Service
Exhibits 45: Chart on Domestic flight services - Market size and forecast 2023-2028 ($ million)
Exhibits 46: Data Table on Domestic flight services - Market size and forecast 2023-2028 ($ million)
Exhibits 47: Chart on Domestic flight services - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on Domestic flight services - Year-over-year growth 2023-2028 (%)
Exhibits 49: Chart on Hotel accommodation services - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Hotel accommodation services - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Hotel accommodation services - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Hotel accommodation services - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Rail ticket services - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Rail ticket services - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Rail ticket services - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Rail ticket services - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Cab services - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Cab services - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Cab services - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Cab services - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 65: Market opportunity by Service ($ million)
Exhibits 66: Data Table on Market opportunity by Service ($ million)
Exhibits 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 68: Impact of drivers and challenges in 2023 and 2028
Exhibits 69: Overview on criticality of inputs and factors of differentiation
Exhibits 70: Overview on factors of disruption
Exhibits 71: Impact of key risks on business
Exhibits 72: Companies covered
Exhibits 73: Matrix on companies position and classification
Exhibits 74: Airbnb Inc. - Overview
Exhibits 75: Airbnb Inc. - Product / Service
Exhibits 76: Airbnb Inc. - Key offerings
Exhibits 77: ANI Technologies Pvt. Ltd. - Overview
Exhibits 78: ANI Technologies Pvt. Ltd. - Product / Service
Exhibits 79: ANI Technologies Pvt. Ltd. - Key offerings
Exhibits 80: Booking Holdings Inc. - Overview
Exhibits 81: Booking Holdings Inc. - Product / Service
Exhibits 82: Booking Holdings Inc. - Key offerings
Exhibits 83: Cleartrip Pvt. Ltd. - Overview
Exhibits 84: Cleartrip Pvt. Ltd. - Product / Service
Exhibits 85: Cleartrip Pvt. Ltd. - Key offerings
Exhibits 86: Expedia Group Inc. - Overview
Exhibits 87: Expedia Group Inc. - Business segments
Exhibits 88: Expedia Group Inc. - Key offerings
Exhibits 89: Expedia Group Inc. - Segment focus
Exhibits 90: Indian Railway Catering and Tourism Corp. Ltd - Overview
Exhibits 91: Indian Railway Catering and Tourism Corp. Ltd - Business segments
Exhibits 92: Indian Railway Catering and Tourism Corp. Ltd - Key offerings
Exhibits 93: Indian Railway Catering and Tourism Corp. Ltd - Segment focus
Exhibits 94: ITC Ltd. - Overview
Exhibits 95: ITC Ltd. - Business segments
Exhibits 96: ITC Ltd. - Key news
Exhibits 97: ITC Ltd. - Key offerings
Exhibits 98: ITC Ltd. - Segment focus
Exhibits 99: Kesari Tours Pvt. Ltd. - Overview
Exhibits 100: Kesari Tours Pvt. Ltd. - Product / Service
Exhibits 101: Kesari Tours Pvt. Ltd. - Key offerings
Exhibits 102: Le Travenues Technology Ltd - Overview
Exhibits 103: Le Travenues Technology Ltd - Product / Service
Exhibits 104: Le Travenues Technology Ltd - Key offerings
Exhibits 105: Mahindra and Mahindra Ltd. - Overview
Exhibits 106: Mahindra and Mahindra Ltd. - Business segments
Exhibits 107: Mahindra and Mahindra Ltd. - Key news
Exhibits 108: Mahindra and Mahindra Ltd. - Key offerings
Exhibits 109: Mahindra and Mahindra Ltd. - Segment focus
Exhibits 110: MakeMyTrip Ltd. - Overview
Exhibits 111: MakeMyTrip Ltd. - Business segments
Exhibits 112: MakeMyTrip Ltd. - Key offerings
Exhibits 113: MakeMyTrip Ltd. - Segment focus
Exhibits 114: Oravel Stays Ltd. - Overview
Exhibits 115: Oravel Stays Ltd. - Product / Service
Exhibits 116: Oravel Stays Ltd. - Key offerings
Exhibits 117: Thomas Cook India Ltd. - Overview
Exhibits 118: Thomas Cook India Ltd. - Business segments
Exhibits 119: Thomas Cook India Ltd. - Key offerings
Exhibits 120: Thomas Cook India Ltd. - Segment focus
Exhibits 121: TripAdvisor Inc. - Overview
Exhibits 122: TripAdvisor Inc. - Business segments
Exhibits 123: TripAdvisor Inc. - Key offerings
Exhibits 124: TripAdvisor Inc. - Segment focus
Exhibits 125: Yatra Online Inc. - Overview
Exhibits 126: Yatra Online Inc. - Key offerings
Exhibits 127: Inclusions checklist
Exhibits 128: Exclusions checklist
Exhibits 129: Currency conversion rates for US$
Exhibits 130: Research methodology
Exhibits 131: Information sources
Exhibits 132: Data validation
Exhibits 133: Validation techniques employed for market sizing
Exhibits 134: Data synthesis
Exhibits 135: 360 degree market analysis
Exhibits 136: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the travel services market in India: Airbnb Inc., ANI Technologies Pvt. Ltd., Booking Holdings Inc., Cleartrip Pvt. Ltd., Easy Trip Planners Ltd, Expedia Group Inc., Indian Railway Catering and Tourism Corp. Ltd, ITC Ltd., Kesari Tours Pvt. Ltd., Le Travenues Technology Ltd, Mahindra and Mahindra Ltd., MakeMyTrip Ltd., Oravel Stays Ltd., The Travel Corp., Thomas Cook India Ltd., Treebo Hotels, TripAdvisor Inc., Uber Technologies Inc., and Yatra Online Inc..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is introduction of low-cost airlines."

According to the report, one of the major drivers for this market is the increase in number of m and a, partnerships, and strategic alliances.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Airbnb Inc.
  • ANI Technologies Pvt. Ltd.
  • Booking Holdings Inc.
  • Cleartrip Pvt. Ltd.
  • Easy Trip Planners Ltd
  • Expedia Group Inc.
  • Indian Railway Catering and Tourism Corp. Ltd
  • ITC Ltd.
  • Kesari Tours Pvt. Ltd.
  • Le Travenues Technology Ltd
  • Mahindra and Mahindra Ltd.
  • MakeMyTrip Ltd.
  • Oravel Stays Ltd.
  • The Travel Corp.
  • Thomas Cook India Ltd.
  • Treebo Hotels
  • TripAdvisor Inc.
  • Uber Technologies Inc.
  • Yatra Online Inc.