Revenge travel after the pandemic may be over for many countries, but the urge to hop on a plane has not dwindled for travelers from India.
Regardless, total expenditure from overseas trips will increase from about 25% to 35%, the study showed.Indian travelers are expected to embark on 5 billion more trips by 2030, and spending on travel and tourism is predicted to hit $410 billion by then. That's a surge of more than 170% from $150 billion in 2019, the report showed.
To prepare for the growing appetite for travel, Indian airlines have ordered more than 1,000 units of aircrafts, bringing the total number of planes to between 1,500 to 1,700 units by 2030, the report showed.Despite an increase in spending power, Indians still prefer to travel domestically, the survey showed.