Travel and tourism are gearing up since last decade. India has ranked at the eighth position in the business travel market, crawling up two positions. Travel and Tourism businesses are willing to make an investment in India after looking at the exceptional growth. An organizer of an industry said that India’s travel business market will reach USD 93 billion by 2030. These businesses are looking forward to capitalizing on seeing the country’s potential growth.
At the 6th annual MICE India and Luxury Travel (MILT) Congress, a premier B2B event company will lead the forging business opportunities and partnerships. Indian tourism department is spending more after seeing the growth. 50 million outbound tourists by 2020 are predicted by the United Nations World Tourism Organisation (UNWTO).
"India has been maintaining an annual GDP growth rate of 6-8 percent since 2013, and this strong economic momentum is rubbing off on the country's outbound MICE and luxury travel sector, enabling these segments to post a double-digit year-on-year growth”, Ackash Jain, Director said to QnA International. Jain thinks this outbound marketing is providing new dimensions with great opportunities.
Source: The Pioneer