India’s outbound travel sector has experienced significant growth in recent years. The number of Indian travelers heading abroad reached approximately 27 million in 2019, growing at a CAGR of ~ 9% during 2011-19. Although the pandemic temporarily clipped the wings of international travel, there has been a gradual resurgence. Over 21 million Indians embarked on an international journey in 2022, with the top five destinations being the UAE, Saudi Arabia, the US, Singapore, and Thailand. Notably, a recent report highlights that India emerged as the largest source market for outbound tourism in Asia in 2022, showcasing an impressive 190% year-on-year growth. After nearly three years of restricted cross-border travel, Indians are eagerly spreading their wings, once again, to explore the world, mirroring a trend akin to the pent-up demand that fueled domestic tourism in the last two years.
