+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

India Travel Services Market 2022-2026

  • PDF Icon

    Report

  • May 2022
  • Region: India
  • TechNavio
  • ID: 5600474
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The publisher has been monitoring the travel services market in India and it is poised to grow by $ 11.78 bn during 2022-2026, accelerating at a CAGR of 11.38% 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 country market scenario, latest trends and drivers, and the overall market environment. The market is driven by increase in the number of M&A, partnerships, and strategic alliances, increasing international tourist footfall, and increasing adoption of online payment platforms.

The travel services market in India analysis includes service and booking segments.

The analyst's travel services market in India is segmented as below:
  • 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 growth in India during the next few years. Also, increased contribution of travel and tourism to GDP and employment and technological advances in mobile-based and website-based travel service platforms will lead to sizable demand in the market.

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. The report on travel services market in India covers the following areas:
  • Travel services market sizing
  • Travel services market forecast
  • Travel services market industry analysis

The analyst's 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 vendors in India that include Airbnb Inc., ANI Technologies Private Ltd., Cox and Kings Ltd., Expedia Group Inc., Fairfax Financial Holdings Ltd., Indian Railway Catering and Tourism Corp. Ltd., Kesari Tours Pvt. Ltd., Mahindra Holidays and Resorts India Ltd., MakeMyTrip Ltd., Meru Mobility Tech Private Ltd., One97 Communications Ltd., Oravel Stays Ltd., Radiant Info Systems Ltd., Treebo Hotels, TripAdvisor LLC, Uber Technologies Inc., Walmart Inc., Yatra Online Inc., and ITC Ltd. 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 analyst's 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 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 11: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 12: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 13: Chart on India: Year-over-year growth 2021-2026 (%)
Exhibit 14: Data Table on India: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 16: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 21: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Mode of Booking
5.1 Market segments
Exhibit 22: Chart on Mode of Booking - Market share 2021-2026 (%)
Exhibit 23: Data Table on Mode of Booking - Market share 2021-2026 (%)
5.2 Comparison by Mode of Booking
Exhibit 24: Chart on Comparison by Mode of Booking
Exhibit 25: Data Table on Comparison by Mode of Booking
5.3 Online - Market size and forecast 2021-2026
Exhibit 26: Chart on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Data Table on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 28: Chart on Online - Year-over-year growth 2021-2026 (%)
Exhibit 29: Data Table on Online - Year-over-year growth 2021-2026 (%)
5.4 Offline - Market size and forecast 2021-2026
Exhibit 30: Chart on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Chart on Offline - Year-over-year growth 2021-2026 (%)
Exhibit 33: Data Table on Offline - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Mode of Booking
Exhibit 34: Market opportunity by Mode of Booking ($ million)
6 Market Segmentation by Service
6.1 Market segments
Exhibit 35: Chart on Service - Market share 2021-2026 (%)
Exhibit 36: Data Table on Service - Market share 2021-2026 (%)
6.2 Comparison by Service
Exhibit 37: Chart on Comparison by Service
Exhibit 38: Data Table on Comparison by Service
6.3 Domestic flight services - Market size and forecast 2021-2026
Exhibit 39: Chart on Domestic flight services - Market size and forecast 2021-2026 ($ million)
Exhibit 40: Data Table on Domestic flight services - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Chart on Domestic flight services - Year-over-year growth 2021-2026 (%)
Exhibit 42: Data Table on Domestic flight services - Year-over-year growth 2021-2026 (%)
6.4 Hotel accommodation services - Market size and forecast 2021-2026
Exhibit 43: Chart on Hotel accommodation services - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Data Table on Hotel accommodation services - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Chart on Hotel accommodation services - Year-over-year growth 2021-2026 (%)
Exhibit 46: Data Table on Hotel accommodation services - Year-over-year growth 2021-2026 (%)
6.5 Rail ticket services - Market size and forecast 2021-2026
Exhibit 47: Chart on Rail ticket services - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Data Table on Rail ticket services - Market size and forecast 2021-2026 ($ million)
Exhibit 49: Chart on Rail ticket services - Year-over-year growth 2021-2026 (%)
Exhibit 50: Data Table on Rail ticket services - Year-over-year growth 2021-2026 (%)
6.6 Cab services - Market size and forecast 2021-2026
Exhibit 51: Chart on Cab services - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Data Table on Cab services - Market size and forecast 2021-2026 ($ million)
Exhibit 53: Chart on Cab services - Year-over-year growth 2021-2026 (%)
Exhibit 54: Data Table on Cab services - Year-over-year growth 2021-2026 (%)
6.7 Others - Market size and forecast 2021-2026
Exhibit 55: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 57: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 58: Data Table on Others - Year-over-year growth 2021-2026 (%)
6.8 Market opportunity by Service
Exhibit 59: Market opportunity by Service ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 61: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 62: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 63: Overview on factors of disruption
9.4 Industry risks
Exhibit 64: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 65: Vendors covered
10.2 Market positioning of vendors
Exhibit 66: Matrix on vendor position and classification
10.3 Airbnb Inc.
Exhibit 67: Airbnb Inc. - Overview
Exhibit 68: Airbnb Inc. - Product / Service
Exhibit 69: Airbnb Inc. - Key offerings
10.4 Cox and Kings Ltd.
Exhibit 70: Cox and Kings Ltd. - Overview
Exhibit 71: Cox and Kings Ltd. - Product / Service
Exhibit 72: Cox and Kings Ltd. - Key offerings
10.5 Fairfax Financial Holdings Ltd.
Exhibit 73: Fairfax Financial Holdings Ltd. - Overview
Exhibit 74: Fairfax Financial Holdings Ltd. - Business segments
Exhibit 75: Fairfax Financial Holdings Ltd. - Key offerings
Exhibit 76: Fairfax Financial Holdings Ltd. - Segment focus
10.6 Indian Railway Catering and Tourism Corp. Ltd.
Exhibit 77: Indian Railway Catering and Tourism Corp. Ltd. - Overview
Exhibit 78: Indian Railway Catering and Tourism Corp. Ltd. - Business segments
Exhibit 79: Indian Railway Catering and Tourism Corp. Ltd. - Key offerings
Exhibit 80: Indian Railway Catering and Tourism Corp. Ltd. - Segment focus
10.7 ITC Ltd.
Exhibit 81: ITC Ltd. - Overview
Exhibit 82: ITC Ltd. - Business segments
Exhibit 83: ITC Ltd. - Key offerings
Exhibit 84: ITC Ltd. - Segment focus
10.8 MakeMyTrip Ltd.
Exhibit 85: MakeMyTrip Ltd. - Overview
Exhibit 86: MakeMyTrip Ltd. - Business segments
Exhibit 87: MakeMyTrip Ltd. - Key offerings
Exhibit 88: MakeMyTrip Ltd. - Segment focus
10.9 Oravel Stays Ltd.
Exhibit 89: Oravel Stays Ltd. - Overview
Exhibit 90: Oravel Stays Ltd. - Product / Service
Exhibit 91: Oravel Stays Ltd. - Key offerings
10.10 TripAdvisor LLC
Exhibit 92: TripAdvisor LLC - Overview
Exhibit 93: TripAdvisor LLC - Business segments
Exhibit 94: TripAdvisor LLC - Key offerings
Exhibit 95: TripAdvisor LLC - Segment focus
10.11 Walmart Inc.
Exhibit 96: Walmart Inc. - Overview
Exhibit 97: Walmart Inc. - Business segments
Exhibit 98: Walmart Inc. - Key news
Exhibit 99: Walmart Inc. - Key offerings
Exhibit 100: Walmart Inc. - Segment focus
10.12 Yatra Online Inc.
Exhibit 101: Yatra Online Inc. - Overview
Exhibit 102: Yatra Online Inc. - Business segments
Exhibit 103: Yatra Online Inc. - Key offerings
Exhibit 104: Yatra Online Inc. - Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 105: Inclusions checklist
Exhibit 106: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 107: Currency conversion rates for US$
11.4 Research methodology
Exhibit 108: Research methodology
Exhibit 109: Validation techniques employed for market sizing
Exhibit 110: Information sources
11.5 List of abbreviations
Exhibit 111: 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 2021-2026 ($ million)
Exhibits 12: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibits 13: Chart on India: Year-over-year growth 2021-2026 (%)
Exhibits 14: Data Table on India: Year-over-year growth 2021-2026 (%)
Exhibits 15: Five forces analysis - Comparison between 2021 and 2026
Exhibits 16: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits 17: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 18: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 19: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 21: Chart on Market condition - Five forces 2021 and 2026
Exhibits 22: Chart on Mode of Booking - Market share 2021-2026 (%)
Exhibits 23: Data Table on Mode of Booking - Market share 2021-2026 (%)
Exhibits 24: Chart on Comparison by Mode of Booking
Exhibits 25: Data Table on Comparison by Mode of Booking
Exhibits 26: Chart on Online - Market size and forecast 2021-2026 ($ million)
Exhibits 27: Data Table on Online - Market size and forecast 2021-2026 ($ million)
Exhibits 28: Chart on Online - Year-over-year growth 2021-2026 (%)
Exhibits 29: Data Table on Online - Year-over-year growth 2021-2026 (%)
Exhibits 30: Chart on Offline - Market size and forecast 2021-2026 ($ million)
Exhibits 31: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
Exhibits 32: Chart on Offline - Year-over-year growth 2021-2026 (%)
Exhibits 33: Data Table on Offline - Year-over-year growth 2021-2026 (%)
Exhibits 34: Market opportunity by Mode of Booking ($ million)
Exhibits 35: Chart on Service - Market share 2021-2026 (%)
Exhibits 36: Data Table on Service - Market share 2021-2026 (%)
Exhibits 37: Chart on Comparison by Service
Exhibits 38: Data Table on Comparison by Service
Exhibits 39: Chart on Domestic flight services - Market size and forecast 2021-2026 ($ million)
Exhibits 40: Data Table on Domestic flight services - Market size and forecast 2021-2026 ($ million)
Exhibits 41: Chart on Domestic flight services - Year-over-year growth 2021-2026 (%)
Exhibits 42: Data Table on Domestic flight services - Year-over-year growth 2021-2026 (%)
Exhibits 43: Chart on Hotel accommodation services - Market size and forecast 2021-2026 ($ million)
Exhibits 44: Data Table on Hotel accommodation services - Market size and forecast 2021-2026 ($ million)
Exhibits 45: Chart on Hotel accommodation services - Year-over-year growth 2021-2026 (%)
Exhibits 46: Data Table on Hotel accommodation services - Year-over-year growth 2021-2026 (%)
Exhibits 47: Chart on Rail ticket services - Market size and forecast 2021-2026 ($ million)
Exhibits 48: Data Table on Rail ticket services - Market size and forecast 2021-2026 ($ million)
Exhibits 49: Chart on Rail ticket services - Year-over-year growth 2021-2026 (%)
Exhibits 50: Data Table on Rail ticket services - Year-over-year growth 2021-2026 (%)
Exhibits 51: Chart on Cab services - Market size and forecast 2021-2026 ($ million)
Exhibits 52: Data Table on Cab services - Market size and forecast 2021-2026 ($ million)
Exhibits 53: Chart on Cab services - Year-over-year growth 2021-2026 (%)
Exhibits 54: Data Table on Cab services - Year-over-year growth 2021-2026 (%)
Exhibits 55: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibits 56: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibits 57: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibits 58: Data Table on Others - Year-over-year growth 2021-2026 (%)
Exhibits 59: Market opportunity by Service ($ million)
Exhibits 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 61: Impact of drivers and challenges in 2021 and 2026
Exhibits 62: Overview on Criticality of inputs and Factors of differentiation
Exhibits 63: Overview on factors of disruption
Exhibits 64: Impact of key risks on business
Exhibits 65: Vendors covered
Exhibits 66: Matrix on vendor position and classification
Exhibits 67: Airbnb Inc. - Overview
Exhibits 68: Airbnb Inc. - Product / Service
Exhibits 69: Airbnb Inc. - Key offerings
Exhibits 70: Cox and Kings Ltd. - Overview
Exhibits 71: Cox and Kings Ltd. - Product / Service
Exhibits 72: Cox and Kings Ltd. - Key offerings
Exhibits 73: Fairfax Financial Holdings Ltd. - Overview
Exhibits 74: Fairfax Financial Holdings Ltd. - Business segments
Exhibits 75: Fairfax Financial Holdings Ltd. - Key offerings
Exhibits 76: Fairfax Financial Holdings Ltd. - Segment focus
Exhibits 77: Indian Railway Catering and Tourism Corp. Ltd. - Overview
Exhibits 78: Indian Railway Catering and Tourism Corp. Ltd. - Business segments
Exhibits 79: Indian Railway Catering and Tourism Corp. Ltd. - Key offerings
Exhibits 80: Indian Railway Catering and Tourism Corp. Ltd. - Segment focus
Exhibits 81: ITC Ltd. - Overview
Exhibits 82: ITC Ltd. - Business segments
Exhibits 83: ITC Ltd. - Key offerings
Exhibits 84: ITC Ltd. - Segment focus
Exhibits 85: MakeMyTrip Ltd. - Overview
Exhibits 86: MakeMyTrip Ltd. - Business segments
Exhibits 87: MakeMyTrip Ltd. - Key offerings
Exhibits 88: MakeMyTrip Ltd. - Segment focus
Exhibits 89: Oravel Stays Ltd. - Overview
Exhibits 90: Oravel Stays Ltd. - Product / Service
Exhibits 91: Oravel Stays Ltd. - Key offerings
Exhibits 92: TripAdvisor LLC - Overview
Exhibits 93: TripAdvisor LLC - Business segments
Exhibits 94: TripAdvisor LLC - Key offerings
Exhibits 95: TripAdvisor LLC - Segment focus
Exhibits 96: Walmart Inc. - Overview
Exhibits 97: Walmart Inc. - Business segments
Exhibits 98: Walmart Inc. - Key news
Exhibits 99: Walmart Inc. - Key offerings
Exhibits 100: Walmart Inc. - Segment focus
Exhibits 101: Yatra Online Inc. - Overview
Exhibits 102: Yatra Online Inc. - Business segments
Exhibits 103: Yatra Online Inc. - Key offerings
Exhibits 104: Yatra Online Inc. - Segment focus
Exhibits 105: Inclusions checklist
Exhibits 106: Exclusions checklist
Exhibits 107: Currency conversion rates for US$
Exhibits 108: Research methodology
Exhibits 109: Validation techniques employed for market sizing
Exhibits 110: Information sources
Exhibits 111: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the travel services market in India: Airbnb Inc., ANI Technologies Private Ltd., Cox and Kings Ltd., Expedia Group Inc., Fairfax Financial Holdings Ltd., Indian Railway Catering and Tourism Corp. Ltd., Kesari Tours Pvt. Ltd., Mahindra Holidays and Resorts India Ltd., MakeMyTrip Ltd., Meru Mobility Tech Private Ltd., One97 Communications Ltd., Oravel Stays Ltd., Radiant Info Systems Ltd., Treebo Hotels, TripAdvisor LLC, Uber Technologies Inc., Walmart Inc., Yatra Online Inc., and ITC Ltd.

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

According to the report, one of the major drivers for this market is the increase in the number of m&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

A selection of companies mentioned in this report includes:

  • Airbnb Inc.
  • ANI Technologies Private Ltd.
  • Cox and Kings Ltd.
  • Expedia Group Inc.
  • Fairfax Financial Holdings Ltd.
  • Indian Railway Catering and Tourism Corp. Ltd.
  • Kesari Tours Pvt. Ltd.
  • Mahindra Holidays and Resorts India Ltd.
  • MakeMyTrip Ltd.
  • Meru Mobility Tech Private Ltd.
  • One97 Communications Ltd.
  • Oravel Stays Ltd.
  • Radiant Info Systems Ltd.
  • Treebo Hotels
  • TripAdvisor LLC
  • Uber Technologies Inc.
  • Walmart Inc.
  • Yatra Online Inc.
  • ITC Ltd.