India Travel Services Market research report highlights key findings in the area of ​​vendor landscape, key market segments, regions and the latest trends and drivers

Supplier landscape

The market structure is expected to remain fragmented during the forecast period. The report also provides information on several vendors in the market including Airbnb Inc., Cleartrip Pvt. Ltd., Cox and Kings Ltd., Indian Railway Catering and Tourism Corp. Ltd., ITC Ltd., MakeMyTrip Ltd., Oravel Stays Pvt. Ltd., Thomas Cook India Ltd., TripAdvisor LLC, and Yatra Online Inc., among others.

Suppliers deploy growth strategies such as mergers and acquisitions, partnerships and strategic alliances to be competitive in the market.

Cleartrip – In October 2019, Cleartrip has launched a transformative solution “Cleartrip for Work”, a transformative travel product for the individual traveler.

See more on the highlights of the marketplace vendor landscape with a comprehensive list of vendors and their offerings.

Key market segmentation

  • Segmentation by department:
    • Domestic flight services:
      • The providers of the travel services market are expected to focus on capturing the business opportunities of the domestic flight services segment, as it accounted for the largest market share in the base year.
      • The growth in passenger numbers is largely due to the introduction of several low-cost airlines, increased disposable income, government initiatives, improved connectivity, foreign direct investment (FDI) in the Indian civil aviation sector, expanding workforce and large number of domestic business travelers.
    • Hotel accommodation services
    • Train ticket services
    • Taxi services
    • Others
  • Segmentation by reservation:
    • In line:
      • In terms of booking, the online booking segment is expected to generate maximum revenue during the forecast period.
      • The convenience offered by online platforms propels the change in consumer preference for booking travel services through the online mode, subsequently propelling the sales generated by this segment.
    • Offline

Request a FREE sample of this report for more highlights in market segments.

Latest trends driving the global travel services market in India

  • Travel services market in India Driver:
    • International tourist traffic and the advent of technologies
      Business travel expenses in India hue mainly because of the growing number of multinational companies. Governments are also taking initiatives to promote tourism to inbound tourists. In addition, inbound tourism in India has grown rapidly due to international and domestic business, leisure and sports travel. These factors will drive the market growth during the forecast period.
  • Travel services market in India trend:
    • Availability of low-cost airlines:
      The financial burden on travelers is drastically reduced with the introduction of low cost airlines. The increasing competition in the airline industry has resulted in the introduction of low cost airlines. Global airlines are also planning to invest in the low cost segment of the Indian aviation industry.

Find additional information on various other market drivers and trends mentioned in our FREE Sample Report.

Need more? Are you looking for information not covered in this report?

  • Want to know more about the different research methodologies?
  • Evaluate a specific segment or region in detail
  • Identify the main suppliers, customers or other market players
  • Analyze market regulations

Adapt this report according to your needs. Do it with our 1000 $ free customization value. Talk to our analyst now!

Associated reports:

Travel Market by Sector and Geography – Forecast and Analysis 2022-2026 – The travel market share is expected to increase by $ 451.19 billion from 2021 to 2026, and the market growth dynamics will accelerate at a CAGR of 13.86%.
Download a free sample exclusive report

Sports Tourism Market by Product, Type, Category and Geography – Forecast and Analysis 2021-2025 – The sports tourism market has the potential to grow by $ 890.90 billion during 2021-2025, and the market growth momentum will accelerate at a CAGR of 13.37%.
Download a free sample exclusive report

India Travel Services Market Scope

Cover of the report


Page number


Year of reference


Forecast period


Growth dynamics and CAGR

Accelerate to a 12% CAGR

Market growth 2021-2025

$ 11.11 billion

Market structure


Annual growth (%)


Regional analysis


Competitive landscape

Leading companies, competitive strategies, consumers
scope of engagement

Profiled companies

Airbnb Inc., Cleartrip Pvt. Ltd., Cox and Kings Ltd.,
Indian Railway Catering and Tourism Corp. Ltd., ITC
Ltd., MakeMyTrip Ltd., Oravel Stays Pvt. Ltd., Thomas
Cook India Ltd., TripAdvisor LLC and Yatra Online Inc.

Market dynamics

Parent market analysis, market growth drivers
and obstacles, Fast growing and slow growing segment
analysis, COVID-19 impact and future consumer
dynamics, analysis of market conditions for the forecast period


If our report did not include the data that you
search, you can contact our analysts and get
custom segments.

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.


Technavio research
Jesse maida
Communication and Marketing Officer
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
E-mail: [email protected]

SOURCE Technavio