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Travel Services Market in India 2023-2027

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    Report

  • 136 Pages
  • August 2023
  • Region: India
  • TechNavio
  • ID: 4895315
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The travel services market in India is forecasted to grow by USD 13,462.48 mn during 2022-2027, accelerating at a CAGR of 11.72% 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 and 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
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 India's 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 sizing in India
  • Travel services market forecast in India
  • Travel services market industry analysis in India
The robust vendor analysis 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., Cox and Kings 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 publisher 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
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Mode of Booking
Exhibit 05: Executive Summary - Chart on Market Segmentation by Service
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Travel services market in India 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on travel services market in India 2017 - 2021 ($ million)
4.2 Mode Of Booking Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Mode Of Booking Segment 2017 - 2021 ($ million)
4.3 Service Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Service Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Mode of Booking
6.1 Market segments
Exhibit 25: Chart on Mode of Booking - Market share 2022-2027 (%)
Exhibit 26: Data Table on Mode of Booking - Market share 2022-2027 (%)
6.2 Comparison by Mode of Booking
Exhibit 27: Chart on Comparison by Mode of Booking
Exhibit 28: Data Table on Comparison by Mode of Booking
6.3 Online - Market size and forecast 2022-2027
Exhibit 29: Chart on Online - Market size and forecast 2022-2027 ($ million)
Exhibit 30: Data Table on Online - Market size and forecast 2022-2027 ($ million)
Exhibit 31: Chart on Online - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Online - Year-over-year growth 2022-2027 (%)
6.4 Offline - Market size and forecast 2022-2027
Exhibit 33: Chart on Offline - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Offline - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Offline - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Mode of Booking
Exhibit 37: Market opportunity by Mode of Booking ($ million)
Exhibit 38: Data Table on Market opportunity by Mode of Booking ($ million)
7 Market Segmentation by Service
7.1 Market segments
Exhibit 39: Chart on Service - Market share 2022-2027 (%)
Exhibit 40: Data Table on Service - Market share 2022-2027 (%)
7.2 Comparison by Service
Exhibit 41: Chart on Comparison by Service
Exhibit 42: Data Table on Comparison by Service
7.3 Domestic flight services - Market size and forecast 2022-2027
Exhibit 43: Chart on Domestic flight services - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Data Table on Domestic flight services - Market size and forecast 2022-2027 ($ million)
Exhibit 45: Chart on Domestic flight services - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Domestic flight services - Year-over-year growth 2022-2027 (%)
7.4 Hotel accommodation services - Market size and forecast 2022-2027
Exhibit 47: Chart on Hotel accommodation services - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Hotel accommodation services - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Hotel accommodation services - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Hotel accommodation services - Year-over-year growth 2022-2027 (%)
7.5 Rail ticket services - Market size and forecast 2022-2027
Exhibit 51: Chart on Rail ticket services - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Rail ticket services - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Rail ticket services - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Rail ticket services - Year-over-year growth 2022-2027 (%)
7.6 Cab services - Market size and forecast 2022-2027
Exhibit 55: Chart on Cab services - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Cab services - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Cab services - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Cab services - Year-over-year growth 2022-2027 (%)
7.7 Others - Market size and forecast 2022-2027
Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.8 Market opportunity by Service
Exhibit 63: Market opportunity by Service ($ million)
Exhibit 64: Data Table on Market opportunity by Service ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 66: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 67: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 68: Overview on factors of disruption
10.4 Industry risks
Exhibit 69: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 70: Vendors covered
11.2 Market positioning of vendors
Exhibit 71: Matrix on vendor position and classification
11.3 Airbnb Inc.
Exhibit 72: Airbnb Inc. - Overview
Exhibit 73: Airbnb Inc. - Product/Service
Exhibit 74: Airbnb Inc. - Key offerings
11.4 ANI Technologies Pvt. Ltd.
Exhibit 75: ANI Technologies Pvt. Ltd. - Overview
Exhibit 76: ANI Technologies Pvt. Ltd. - Product/Service
Exhibit 77: ANI Technologies Pvt. Ltd. - Key offerings
11.5 Booking Holdings Inc.
Exhibit 78: Booking Holdings Inc. - Overview
Exhibit 79: Booking Holdings Inc. - Business segments
Exhibit 80: Booking Holdings Inc. - Key news
Exhibit 81: Booking Holdings Inc. - Key offerings
Exhibit 82: Booking Holdings Inc. - Segment focus
11.6 Cleartrip Pvt. Ltd.
Exhibit 83: Cleartrip Pvt. Ltd. - Overview
Exhibit 84: Cleartrip Pvt. Ltd. - Product/Service
Exhibit 85: Cleartrip Pvt. Ltd. - Key offerings
11.7 Cox and Kings Ltd.
Exhibit 86: Cox and Kings Ltd. - Overview
Exhibit 87: Cox and Kings Ltd. - Product/Service
Exhibit 88: Cox and Kings Ltd. - Key offerings
11.8 Expedia Group Inc.
Exhibit 89: Expedia Group Inc. - Overview
Exhibit 90: Expedia Group Inc. - Business segments
Exhibit 91: Expedia Group Inc. - Key offerings
Exhibit 92: Expedia Group Inc. - Segment focus
11.9 Indian Railway Catering and Tourism Corp. Ltd.
Exhibit 93: Indian Railway Catering and Tourism Corp. Ltd. - Overview
Exhibit 94: Indian Railway Catering and Tourism Corp. Ltd. - Business segments
Exhibit 95: Indian Railway Catering and Tourism Corp. Ltd. - Key offerings
Exhibit 96: Indian Railway Catering and Tourism Corp. Ltd. - Segment focus
11.10 ITC Ltd.
Exhibit 97: ITC Ltd. - Overview
Exhibit 98: ITC Ltd. - Business segments
Exhibit 99: ITC Ltd. - Key offerings
Exhibit 100: ITC Ltd. - Segment focus
11.11 Kesari Tours Pvt. Ltd.
Exhibit 101: Kesari Tours Pvt. Ltd. - Overview
Exhibit 102: Kesari Tours Pvt. Ltd. - Product/Service
Exhibit 103: Kesari Tours Pvt. Ltd. - Key offerings
11.12 Le Travenues Technology Ltd
Exhibit 104: Le Travenues Technology Ltd - Overview
Exhibit 105: Le Travenues Technology Ltd - Product/Service
Exhibit 106: Le Travenues Technology Ltd - Key offerings
11.13 Mahindra and Mahindra Ltd.
Exhibit 107: Mahindra and Mahindra Ltd. - Overview
Exhibit 108: Mahindra and Mahindra Ltd. - Business segments
Exhibit 109: Mahindra and Mahindra Ltd. - Key news
Exhibit 110: Mahindra and Mahindra Ltd. - Key offerings
Exhibit 111: Mahindra and Mahindra Ltd. - Segment focus
11.14 MakeMyTrip Ltd.
Exhibit 112: MakeMyTrip Ltd. - Overview
Exhibit 113: MakeMyTrip Ltd. - Business segments
Exhibit 114: MakeMyTrip Ltd. - Key offerings
Exhibit 115: MakeMyTrip Ltd. - Segment focus
11.15 Oravel Stays Ltd.
Exhibit 116: Oravel Stays Ltd. - Overview
Exhibit 117: Oravel Stays Ltd. - Product/Service
Exhibit 118: Oravel Stays Ltd. - Key offerings
11.16 Thomas Cook (India) Ltd.
Exhibit 119: Thomas Cook (India) Ltd. - Overview
Exhibit 120: Thomas Cook (India) Ltd. - Business segments
Exhibit 121: Thomas Cook (India) Ltd. - Key offerings
Exhibit 122: Thomas Cook (India) Ltd. - Segment focus
11.17 Yatra Online Inc.
Exhibit 123: Yatra Online Inc. - Overview
Exhibit 124: Yatra Online Inc. - Business segments
Exhibit 125: Yatra Online Inc. - Key offerings
Exhibit 126: Yatra Online Inc. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 127: Inclusions checklist
Exhibit 128: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 129: Currency conversion rates for US$
12.4 Research methodology
Exhibit 130: Research methodology
Exhibit 131: Validation techniques employed for market sizing
Exhibit 132: Information sources
12.5 List of abbreviations
Exhibit 133: 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 Vendor Market Positioning
Exhibits 7: Parent market
Exhibits 8: Market Characteristics
Exhibits 9: Offerings of vendors included in the market definition
Exhibits 10: Market segments
Exhibits 11: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibits 12: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibits 13: Chart on India: Year-over-year growth 2022-2027 (%)
Exhibits 14: Data Table on India: Year-over-year growth 2022-2027 (%)
Exhibits 15: Historic Market Size - Data Table on travel services market in India 2017 - 2021 ($ million)
Exhibits 16: Historic Market Size - Mode Of Booking Segment 2017 - 2021 ($ million)
Exhibits 17: Historic Market Size - Service Segment 2017 - 2021 ($ million)
Exhibits 18: Five forces analysis - Comparison between 2022 and 2027
Exhibits 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 24: Chart on Market condition - Five forces 2022 and 2027
Exhibits 25: Chart on Mode of Booking - Market share 2022-2027 (%)
Exhibits 26: Data Table on Mode of Booking - Market share 2022-2027 (%)
Exhibits 27: Chart on Comparison by Mode of Booking
Exhibits 28: Data Table on Comparison by Mode of Booking
Exhibits 29: Chart on Online - Market size and forecast 2022-2027 ($ million)
Exhibits 30: Data Table on Online - Market size and forecast 2022-2027 ($ million)
Exhibits 31: Chart on Online - Year-over-year growth 2022-2027 (%)
Exhibits 32: Data Table on Online - Year-over-year growth 2022-2027 (%)
Exhibits 33: Chart on Offline - Market size and forecast 2022-2027 ($ million)
Exhibits 34: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
Exhibits 35: Chart on Offline - Year-over-year growth 2022-2027 (%)
Exhibits 36: Data Table on Offline - Year-over-year growth 2022-2027 (%)
Exhibits 37: Market opportunity by Mode of Booking ($ million)
Exhibits 38: Data Table on Market opportunity by Mode of Booking ($ million)
Exhibits 39: Chart on Service - Market share 2022-2027 (%)
Exhibits 40: Data Table on Service - Market share 2022-2027 (%)
Exhibits 41: Chart on Comparison by Service
Exhibits 42: Data Table on Comparison by Service
Exhibits 43: Chart on Domestic flight services - Market size and forecast 2022-2027 ($ million)
Exhibits 44: Data Table on Domestic flight services - Market size and forecast 2022-2027 ($ million)
Exhibits 45: Chart on Domestic flight services - Year-over-year growth 2022-2027 (%)
Exhibits 46: Data Table on Domestic flight services - Year-over-year growth 2022-2027 (%)
Exhibits 47: Chart on Hotel accommodation services - Market size and forecast 2022-2027 ($ million)
Exhibits 48: Data Table on Hotel accommodation services - Market size and forecast 2022-2027 ($ million)
Exhibits 49: Chart on Hotel accommodation services - Year-over-year growth 2022-2027 (%)
Exhibits 50: Data Table on Hotel accommodation services - Year-over-year growth 2022-2027 (%)
Exhibits 51: Chart on Rail ticket services - Market size and forecast 2022-2027 ($ million)
Exhibits 52: Data Table on Rail ticket services - Market size and forecast 2022-2027 ($ million)
Exhibits 53: Chart on Rail ticket services - Year-over-year growth 2022-2027 (%)
Exhibits 54: Data Table on Rail ticket services - Year-over-year growth 2022-2027 (%)
Exhibits 55: Chart on Cab services - Market size and forecast 2022-2027 ($ million)
Exhibits 56: Data Table on Cab services - Market size and forecast 2022-2027 ($ million)
Exhibits 57: Chart on Cab services - Year-over-year growth 2022-2027 (%)
Exhibits 58: Data Table on Cab services - Year-over-year growth 2022-2027 (%)
Exhibits 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibits 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibits 61: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibits 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
Exhibits 63: Market opportunity by Service ($ million)
Exhibits 64: Data Table on Market opportunity by Service ($ million)
Exhibits 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 66: Impact of drivers and challenges in 2022 and 2027
Exhibits 67: Overview on Criticality of inputs and Factors of differentiation
Exhibits 68: Overview on factors of disruption
Exhibits 69: Impact of key risks on business
Exhibits 70: Vendors covered
Exhibits 71: Matrix on vendor position and classification
Exhibits 72: Airbnb Inc. - Overview
Exhibits 73: Airbnb Inc. - Product/Service
Exhibits 74: Airbnb Inc. - Key offerings
Exhibits 75: ANI Technologies Pvt. Ltd. - Overview
Exhibits 76: ANI Technologies Pvt. Ltd. - Product/Service
Exhibits 77: ANI Technologies Pvt. Ltd. - Key offerings
Exhibits 78: Booking Holdings Inc. - Overview
Exhibits 79: Booking Holdings Inc. - Business segments
Exhibits 80: Booking Holdings Inc. - Key news
Exhibits 81: Booking Holdings Inc. - Key offerings
Exhibits 82: Booking Holdings Inc. - Segment focus
Exhibits 83: Cleartrip Pvt. Ltd. - Overview
Exhibits 84: Cleartrip Pvt. Ltd. - Product/Service
Exhibits 85: Cleartrip Pvt. Ltd. - Key offerings
Exhibits 86: Cox and Kings Ltd. - Overview
Exhibits 87: Cox and Kings Ltd. - Product/Service
Exhibits 88: Cox and Kings Ltd. - Key offerings
Exhibits 89: Expedia Group Inc. - Overview
Exhibits 90: Expedia Group Inc. - Business segments
Exhibits 91: Expedia Group Inc. - Key offerings
Exhibits 92: Expedia Group Inc. - Segment focus
Exhibits 93: Indian Railway Catering and Tourism Corp. Ltd. - Overview
Exhibits 94: Indian Railway Catering and Tourism Corp. Ltd. - Business segments
Exhibits 95: Indian Railway Catering and Tourism Corp. Ltd. - Key offerings
Exhibits 96: Indian Railway Catering and Tourism Corp. Ltd. - Segment focus
Exhibits 97: ITC Ltd. - Overview
Exhibits 98: ITC Ltd. - Business segments
Exhibits 99: ITC Ltd. - Key offerings
Exhibits 100: ITC Ltd. - Segment focus
Exhibits 101: Kesari Tours Pvt. Ltd. - Overview
Exhibits 102: Kesari Tours Pvt. Ltd. - Product/Service
Exhibits 103: Kesari Tours Pvt. Ltd. - Key offerings
Exhibits 104: Le Travenues Technology Ltd - Overview
Exhibits 105: Le Travenues Technology Ltd - Product/Service
Exhibits 106: Le Travenues Technology Ltd - Key offerings
Exhibits 107: Mahindra and Mahindra Ltd. - Overview
Exhibits 108: Mahindra and Mahindra Ltd. - Business segments
Exhibits 109: Mahindra and Mahindra Ltd. - Key news
Exhibits 110: Mahindra and Mahindra Ltd. - Key offerings
Exhibits 111: Mahindra and Mahindra Ltd. - Segment focus
Exhibits 112: MakeMyTrip Ltd. - Overview
Exhibits 113: MakeMyTrip Ltd. - Business segments
Exhibits 114: MakeMyTrip Ltd. - Key offerings
Exhibits 115: MakeMyTrip Ltd. - Segment focus
Exhibits 116: Oravel Stays Ltd. - Overview
Exhibits 117: Oravel Stays Ltd. - Product/Service
Exhibits 118: Oravel Stays Ltd. - Key offerings
Exhibits 119: Thomas Cook (India) Ltd. - Overview
Exhibits 120: Thomas Cook (India) Ltd. - Business segments
Exhibits 121: Thomas Cook (India) Ltd. - Key offerings
Exhibits 122: Thomas Cook (India) Ltd. - Segment focus
Exhibits 123: Yatra Online Inc. - Overview
Exhibits 124: Yatra Online Inc. - Business segments
Exhibits 125: Yatra Online Inc. - Key offerings
Exhibits 126: Yatra Online Inc. - Segment focus
Exhibits 127: Inclusions checklist
Exhibits 128: Exclusions checklist
Exhibits 129: Currency conversion rates for US$
Exhibits 130: Research methodology
Exhibits 131: Validation techniques employed for market sizing
Exhibits 132: Information sources
Exhibits 133: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global travel services market in India: Airbnb Inc., ANI Technologies Pvt. Ltd., Booking Holdings Inc., Cleartrip Pvt. Ltd., Cox and Kings 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.
  • Cox and Kings 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.