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India’s outbound tourism expected to reach $44.7 billion by 2032 

Between June and August 2023, international leisure flight bookings from india have increased by 40 per cent in comparison with the same period the year before.

India’s outbound tourism is expected to reach $44.7 billion by 2032, a recently released report produced in association with the Federation of Indian Chamber of Commerce and Industry, has revealed. Between June and August 2023, international leisure flight bookings from India have increased by 40 per cent in comparison with the same period the year before, the highest recorded level of outbound leisure flight bookings from India in the post-COVID-19 era.

Singapore has received the highest flight bookings from India, followed by San Francisco (USA), Melbourne (Australia), Toronto (Canada), and Bali (Indonesia). In the period considered, the USA, the UK and Canada were the most booked destinations. Bali and Singapore were the most popular choices in the Asian region.

India’s foreign exchange earnings from tourism during January- April this year were at $8.667 billion compared with  $3.115 billion in the same period in 2022, data from the Ministry of Tourism has revealed. For perspective, India earned a total of $25.6 billion in foreign exchange from tourism in 2019, an increase of 8.3 per cent.

In 2022, India generated Asia’s highest outbound travel volume, exceeding those of China, South Korea, and Japan. Moreover, foreign tourist arrivals in India stood at 31.3 lakh between January and April, up from 11.7 lakh arrivals in the year-ago period, as per the ministry. 

India saw about 21.9 per cent of foreign tourist arrivals from neighouring nation Bangladesh, followed by the USA, from where 16.3 per cent of total travelers came, another 10.3 per cent from the UK, five per cent from Canada, and 4.5 per cent from Australia.

Interestingly, Madurai, Bhubaneswar and Varanasi were the most searched domestic destinations for flights, while Auckland, Jeddah and Colombo came out as the most searched overseas destinations.  Travellers from India are also eyeing destinations such as Hong Kong and Tokyo in the Asian region, which reduce their flight budget by up to one-fourth.

Surge in international traffic The Ministry of Civil Aviation has reported an 88 per cent increase in the flow of international passengers during the first quarter of 2023, compared to the same period last year, indicating a robust recovery for the aviation sector. India has open sky arrangements with 23 countries, which has facilitated unlimited operations between India and these countries. Additionally, more than 1.23 crore people have travelled on Ude Desh ka Aam Naagrik (Udan) flights. A total of 148 airports, nine heliports and two water aerodromes have also been developed and operationalised to offer improved connectivity across the country.

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The Tourism Source Market Insight: India's report provides a thorough insight into the Indian domestic and outbound tourism market. The report looks at the profiles of Indian tourists and summarizes the key reasons that they travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into India's outbound travel market.

Reasons to Buy

  • This report provides clear insight into developments in India's domestic and outbound tourism markets.
  • The report uses data and analysis to discuss future trends related to domestic trips, international departures, traveler spending, and main destination markets.
  • The report explores the different profiles of Indian tourists and the reasons that they travel, hence providing an insight into the trends in different segments of the market.
  • The reader gains a strong understanding of the opportunities in the country, as well as the risks, to support better business decisions.

Key Topics Covered:

  • India's Tourist Profile
  • Domestic Tourism
  • Outbound Tourism
  • Main and Developing Destination Markets

A selection of companies mentioned in this report includes

For more information about this report visit https://www.researchandmarkets.com/r/nl1my1

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india outbound tourism statistics 2023

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India Outbound Tourism Market

India Outbound Tourism Market Forecast by Phone and Online Booking for 2024 to 2034

Government initiatives promoting tourism and easing visa procedures are driving the growth of the Indian outbound tourism market

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India Outbound Tourism Market Outlook from 2024 to 2034

India's outbound tourism market is projected to reach US$ 18817.72 million in 2024 and expand at 11.4% CAGR between 2024 and 2034. The growth in the market is primarily attributed to the increasing desire of Indians, especially millennials, to visit international destinations. The market value is projected to reach US$ 55388.41 million by 2034.

Key Market Drivers

Regions such as Europe and Latin America are improving tourism to enhance their businesses. This is considered to aid the growth of India's outbound tourism market over the forecast period. Several other reasons are also leading to the growth of India’s outbound tourism market:

  • Expanding global connectivity, with more direct flight routes and competitive airfares, making international travel more accessible and affordable for Indians
  • Increasing affluence and discretionary spending power among the Indian population, driving demand for international travel experiences
  • Growing desire for experiential travel and cultural exploration among Indian travelers, especially millennials, fuelling the demand for outbound tourism.
  • Rising internet penetration, facilitating easier access to travel information and booking platforms and encouraging more Indians to venture abroad
  • Government initiatives promoting international tourism and easing visa restrictions, pushing Indians to explore foreign destinations
  • The influence of social media showcasing exotic destinations and travel experiences, inspiring Indians to travel abroad
  • Emergence of affordable travel packages and discounts offered by travel agencies, attracting more Indian tourists to international destinations
  • Expansion of international hotel chains and accommodations catering to Indian tourists, enhancing the overall travel experience
  • Increasing awareness about health and wellness tourism, encouraging outbound travel for rejuvenation and relaxation purposes among Indians

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Trends in the India Outbound Tourism Market

  • Growing interest in culinary experiences, including food tours, cooking classes, and gastronomic adventures, to explore diverse cuisines globally
  • Travelers are increasingly relying on technology for trip planning, booking, and personalized experiences, with virtual reality tours and AI-driven recommendations gaining popularity
  • Solo travel is gaining acceptance and preference among Indian tourists, particularly millennials and Gen Z
  • Adventure tourism is on the rise, with activities such as trekking, camping, wildlife safaris, and water sports becoming more popular
  • Wellness tourism is also gaining momentum, with health-conscious travelers seeking out yoga retreats, meditation centers, and spa resorts for rejuvenation and relaxation

Political Instability and Economic Conditions to Slow down the Market Growth for India's Outbound Tourism

The India outbound tourism market is anticipated to grow at a modest CAGR of 4.20% till 2034. This is attributed to several reasons:

  • During economic recessions or slowdowns, people tend to have less disposable income. This can lead to decreased spending on non-essential items such as travel.
  • Regions experiencing political instability, conflicts, or terrorism concerns also deter travelers from visiting those destinations.
  • Complex visa regulations and application processes for certain countries significantly discourage people from traveling abroad
  • Inadequate transportation infrastructure, including airports, roads, and public transportation, also hinders travel convenience and accessibility
  • The demand for international travel among certain segments of the population may reduce due to shifting consumer preferences towards alternative leisure activities or experiences

Ronak Shah

Principal Consultant

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Comparative View of Adjacent Industries

Our analysts have analyzed the India outbound tourism market, and two other related markets- German outbound tourism market and Hong Kong outbound tourism market . This helps to understand any opportunities in the horizontal and travelers' pattern. The growth factors and the anticipated market value have been provided below. Based on these numbers, outbound tourism in India is likely to have more opportunities in the future.

India Outbound Tourism Market:

Germany Outbound Tourism Market:

Hong Kong Outbound Tourism Market:

Category-wise Insights

Growing penetration of online booking channels to boost india's outbound tourism market.

The online booking category is projected to hold the largest share of the Indian outbound tourism market in 2024. This segment holds the dominant market share, accounting for 45.70% of India's global outbound tourism market.

  • The increasing popularity of online booking channels is driving the market's growth as they offer a wide range of travel options, catering to the diverse preferences of Indian travelers.
  • The proliferation of smartphones and internet connectivity has democratized access to travel information and booking services. This has empowered more Indians to plan and book their trips independently.

Packaged Travelers to Generate Maximum Revenue in India's Outbound Tourism Market

The India outbound tourism market is also categorized by tour type into independent and package travelers. The packaged traveler segment dominates the market with a share of 39.20% in 2024.

  • Packaged travelers choose pre-planned tour packages from travel agencies or online platforms. This contributes significantly to the market's revenue due to their bundled services and convenience.
  • The demand for customized travel experiences and convenience is on the rise. This is also expected to increase the popularity of packaged tours further and drive revenue growth in India's outbound tourism market.

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Competitive Landscape

The market for outbound tourism in India is very competitive and consists of numerous players fighting for their place there. Some of the most prominent companies in the market are Orbit, Thomas Cook, SOTC Kuoni, Raj Travels, In Orbit Tours, and Kesari.

These companies are expanding their customer base with attractive packages, customized tour trips, and services. These companies are also introducing all-inclusive luxury packages, such as The Grand Voyage by Thomas Cook India Limited, to a luxurious vacation experience with all amenities across various cities in India, starting from Mumbai to Delhi.

Recent Developments

  • In November 2023, the Director of Tourism Jammu inaugurated India Travel Mart Jammu at KC Regalia, attended by tourism delegates, hoteliers, and travel agents. The event, meticulously planned by the Directorate of Tourism, aimed to promote tourism through networking and showcasing pavilions from various states and hotel participants.
  • In April 2023, Kesari Tours inaugurated a new office in Kashmir, expanding its operations in tourism and hospitality. Prominent figures from the industry attended the event. The company aimed to provide employment opportunities and enhance its regional presence.

Key Companies in the Market

  • Thomas Cook
  • Raj Travels
  • In Orbit Tours
  • Cox and Kings
  • Travelmart India
  • Riya Travels
  • Akbar Travels
  • BCD Travels
  • Mercury Travels

Key Coverage in the India Outbound Tourism Industry Report

  • General Insights on the Outbound Tourism in India
  • Outbound Tourism Destinations in India
  • Key Outbound Travel Agencies in India
  • Indian Outbound Tourism Statistics
  • Outbound Travel and Tourism in India

India Outbound Tourism Market by Segmentation

By purpose type:.

  • Holiday/Leisure
  • VFR & Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-person Booking

By Tourist Type:

  • International

By Tourism Type:

  • Cultural and Heritage Tourism
  • Medical Tourism
  • Eco/Sustainable Tourism
  • Sports Tourism
  • Wellness Tourism and Others

By Tour Type:

  • Independent Traveller
  • Package Traveller

By Consumer Orientation:

By age group:.

  • 15 to 25 Years
  • 26 to 35 Years
  • 36 to 45 Years
  • 46 to 65 Years
  • 66 to 75 Years
  • North America
  • Latin America
  • Middle East and Africa (MEA)

Frequently Asked Questions

How much is the indian outbound tourism market currently worth.

The India outbound tourism market is expected to be worth US$ 18817.72 million by 2024.

What is the Sales Forecast for India's outbound tourism through 2034?

India's outbound tourism market is expected to reach US$ 55388.41 million by 2034.

At what rate is India's Outbound Tourism Market growing?

The India outbound tourism market is growing at a CAGR of 11.40% from 2024 to 2034.

Who are the key Companies in the Indian Outbound Tourism Market?

Orbit, Thomas Cook, SOTC Kuoni, Raj Travels, In Orbit Tours, Kesari, etc., are some of the major players in the market for India outbound tourism.

What was the overall Value of the India Outbound Tourism Market in 2023?

The India outbound tourism market valuation in 2023 was US$ 16892.03 million.

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From India to the world: Unleashing the potential of India’s tourists

Boosted by rising economic prosperity  and a fast-growing economy, India is set to be an important global source market for leisure travel. India is now the fifth-largest economy, and its population has surpassed China’s to become the largest in the world, at over 1.4 billion people. 1 World Bank national accounts data, GDP (current US$) India, accessed September 2023; World population prospects 2022 , United Nations Department of Economic and Social Affairs, Population Division, 2022. And the population is young—the median age is 27.6, more than ten years younger than that of most major economies. 2 World population prospects 2022 . What's more, consumption of goods and services, including leisure and recreation, is forecast to double by 2030. 3 “India’s impending economic boom,” Morgan Stanley, November 8, 2022. Adding a strong postpandemic travel recovery, and a growing appetite for international travel, these factors point to India’s significant potential for outbound tourism.

India is now the fifth-largest economy, and its population has surpassed China’s to become the largest in the world, at over 1.4 billion people.

Through nine charts, this article unpacks trends and opportunities in the Indian travel market. Selected country examples shed light on how destinations can enhance their value propositions to attract and delight Indian travelers.

Indian globetrotters set to soar

Racing ahead: indian wanderlust is taking off, top picks: united arab emirates reigns, new gems discovered, regional flavors; global explorers.

Indian travelers are not a homogenous group; destination preferences vary across regions. For example, travelers from North India constitute a large share of travel to the United States and Canada, while two-thirds of travelers from Kerala prefer destinations in the Middle East. 1 India tourism statistics 2020 , Ministry of Tourism, Government of India, January 2021; MarketIS. Purpose of travel, distribution of the diaspora, and cultural linkages play a role in destination choice.

Destination matchmaking: Five ways to build value

Destinations looking to harness the full potential of the growing Indian market could consider tailoring their value propositions in alignment with one or more of the five key decision points that influence where travelers choose to go. Destinations might ask the following questions to determine which factors align with what Indian travelers look for when planning a trip.

  • Research. How attractive and popular is the destination with Indian tourists?
  • Accessibility. Is it easy to obtain a travel visa?
  • Connectivity. Are there convenient flights that connect India to the destination?
  • Booking. Is the destination affordable for Indian travelers, and is there an adequate supply of hotels in the appropriate price range?
  • Travel experience. What is the on-the-ground experience like for Indian tourists in terms of weather, attractions, and whether or not the local population is English speaking?

There’s something for everyone in Thailand

Azerbaijan’s visa policy wows indian travelers, vietnam takes off: direct flights skyrocket arrivals.

In 2019, Kolkata was the only city in India with direct connectivity to Vietnam, and three other Indian cities offered sporadic flights. To stand out from Southeast Asia neighbors and gain popularity with Indian travelers, Vietnam improved direct connectivity from India by increasing flight frequency and adding new routes. Indian arrivals are now at an all-time high. 1 Data from Google trends and Diio Mi.

The luxury of Dubai is within reach

In 2022, India was the largest source market for leisure travelers to Dubai. 1 “1.24 million Indian tourists visit Dubai in first 9 months of 2022,” Business Standard , December 10, 2022. The city is known for its luxury offerings and, perhaps surprisingly, also offers a wide range of accommodations, such as 3-star options. And flights from India are affordable when compared with flights of similar distances. Taken together, these factors make the luxury of Dubai accessible to Indian travelers. 2 MarketIS.

Bollywood magic in Switzerland

While only 9 percent of Indian travelers focus on long-haul destinations in Western Europe, Switzerland has been an Indian top-20 destination for over a decade. Switzerland may be popular, as it feels familiar to Indian travelers: many Bollywood hits feature Swiss attractions, there are plenty of Indian restaurants and cultural festivals, and English is widely spoken. 1 “Switzerland and romantic songs of Indian movies,” Solo Backpacker, September 20, 2019; India-Switzerland relations , Ministry of External Affairs, Government of India, February, 2020; Festival of India in Switzerland and Liechtenstein – Events , Ministry of Culture, Government of India, 2018; Swiss hospitality for Indian guests , a joint report from HotellerieSuisse, Berne and Switzerland Tourism, November, 2019.

Namaste, India!

India is a high-potential, growing source market for leisure travel. Destinations looking to attract Indian leisure travelers could consider targeted marketing, an expanded range of affordable options, and customized on-the-ground hospitality that caters to Indian preferences. Destinations may need to take steps now to build a strong value proposition and distinguish themselves as a preferred location. To do so, they could take action in the following areas:

Destinations looking to attract Indian leisure travelers could consider targeted marketing, an expanded range of affordable options, and customized on-the-ground hospitality.
  • Connect. Make travel seamless, for instance, by simplifying visa application processes and providing direct connectivity.
  • Entice. Offer affordable packages with a range of choices that appeal to specific groups, such as families, couples, or solo travelers.
  • Welcome. Make the experience traveler-friendly, for example, by providing appropriate food and beverage options like vegetarian and Indian cuisine.
  • Attract . Design targeted campaigns to showcase experiences that Indian travelers want, and use appropriate channels to get the word out, for example leveraging over-the-air partnerships and social media.
  • Unlock. Include the MICE (meetings, incentives, conferences, and exhibitions) and business tourism segments in marketing efforts to boost interest in leisure travel.

Divya Aggarwal is an associate partner in McKinsey’s Gurugram office, Margaux Constantin is a partner in the Dubai office, and Kanika Kalra is a partner in the Mumbai office, where Neelesh Mundra is a senior partner.

The authors wish to thank Ashu Airan, Steffen Köpke, Richa Kothari, Karthik Krishnan, Kargil Mishra, and Jean Petersen for their contributions to this article.

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india outbound tourism statistics 2023

India Becoming the New China in the Reordering of Asia Travel

Peden Doma Bhutia , Skift

January 10th, 2023 at 2:00 PM EST

The oft-heard rhetoric that India is the next China may finally hold true for travel’s outbound industry as Chinese look at international travel more skeptically.

Peden Doma Bhutia

Series: Megatrends 2023

Megatrends 2023

Discover the top trends that will define the travel industry for the coming year.

China’s latest loosening of its stringent zero-Covid policy, mostly for domestic tourism, comes across as too little too late, at a time when the rest of the world is living with the virus. 

Chinese tourists have said that they are still skeptical of international travel even if borders are reopened, according to a recent survey . 

The time is ripe for India — which already ticks most of the boxes as a suitable candidate to take over from China as the largest travel source market — to enter the dragon’s space. 

A recent United Nations population report has also said that India is projected to surpass China as the world’s most-populous nation in 2023.

In 2019, China was the largest outbound travel market in the world with Chinese tourists taking 150 million trips overseas per year while spending $255 billion, according to Skift Research’s State of Travel Report .

india outbound tourism statistics 2023

Highlighting the uneven recovery path of the Chinese travel industry, a McKinsey report in August stated that outbound travel is likely to remain muted for 12 to 18 months.

Destinations trying to revive their tourism-dependent economies are also looking to reduce their dependence on China and identify new source markets, India is clearly a frontrunner in this reordering of travel.

An earlier Skift article had also highlighted that while much of the post-crisis tourism recovery conversation has focused on China, India should not be neglected.

OAG, an aviation data analysis firm, said India has outperformed other Asia-Pacific countries with a faster rebound and is expected to become the new China over the next five years.

While he is sure that once China opens up tourism will bounce back — MakeMyTrip co-founder and Group CEO, Rajesh Magow, in an earlier interview with Skift had called this a short-term opportunity for India.

Between 2009 and 2019 outbound tourism from India increased 143 percent from 11 million travelers to 27 million.

Projections show a full recovery for the Indian outbound market in 2024 with outbound travelers reaching 28.5 million in 2025.

China was the largest source market for Thailand in 2019 as Chinese tourists accounted for 28 percent of arrivals into the destination. Between January and August 2022 Chinese tourists accounted for only 3 percent of the inbound traffic.

India’s large population and the availability of direct flights from many Indian cities to Thailand makes Isada Saovaros, director of the Tourism Authority of Thailand’s Mumbai office, hopeful about the country’s potential to replace China as the largest source market.

“Thailand has projected the number of Indian arrivals will rise to one million by the year end. India could soon move from being the second largest source market to rank first,” said Saovaros.

Indians emerge as Asia Pacific’s most confident travelers with 86 percent of Indians intending to travel in the next 12 months, according to Booking.com .

A report titled “Outbound Travel and Tourism – An Opportunity Untapped” by Nangia Andersen has said that outbound trips from India would surpass $42 billion by 2024.

Generation Z and millennials comprise the largest share of population in India constituting an important consumer group, with disposable incomes fueling recovery of the tourism sector.

While he believes that India certainly has the potential to fill the void left by China, Ajay Prakash, CEO of Nomad Travels, said this will not be without challenges.

Highlighting the cutback on incentive trips, Prakash also spoke about the depreciating Indian Rupee, the high airfares and the logjam in visas.

However, despite the visa backlog, Arshdeep Anand, director of Holiday Moods Adventures, noted that luxury outbound travel is at an all-time high. “Indians are big spenders and destinations have come to realize this,” Anand said.

Prakash echoed the sentiment as he said, “Indian travelers tend to be fairly high spenders, hence the efforts of countries to woo them.”

There are approximately 60 countries that Indians can travel to without obtaining a visa in advance and more and more countries — like Kazakhstan recently, and Malaysia in a limited way — are looking to facilitate easier visa regimes

“Many countries are offering subsidies and incentives to organize conventions, meetings, conferences, film shoots and weddings,” Prakash added.

The importance of the Indian market can be best exemplified in the response and sentiment Tourism Australia noticed following the reopening of borders in February.

Owing to the pent-up demand for outbound travel, India was the second biggest source market for Australia following New Zealand, said Nishant Kashikar, country manager — India and Gulf for Tourism Australia.

While visitor arrivals from India accounted for 86 percent of pre-Covid levels between April and August this year, Kashikar added that to address the travel demand, non-stop flights between the two countries have gone up from 8 flights per week in 2019 to 24 flights per week in 2022.

india outbound tourism statistics 2023

Prior to the pandemic, India was Australia’s fastest growing inbound market from 2017 to 2019 with double-digit growth in arrivals and spends. Notably, 400,000 Indian visitors generated $1.2 billion for the Australian economy from their visits for the year ending February 2020.

Destinations are coming to India with roadshows and training programs, noted Holiday Moods Adventures’ Anand, adding, “International airlines are also increasing connectivity from more Indian cities.”

With aircraft orders from India set to drive global jet sales and Air India preparing to make substantial investments in a “historic aircraft order,” it speaks volumes of the potential that the country has for outbound tourism.

The circumstances and statistics are both in India’s favor, and the global industry seems readier than ever to say Namaste to more and more Indian leisure and business travelers.

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Tags: china , india , megatrends 2023

india outbound tourism statistics 2023

Virtual Summit on India Outbound Travel 2023

The virtual summit on India outbound travel 2023 will offer critical insights to airlines, airport operators, travel agents, OTAs and tourism boards. The session will commence with an exclusive research briefing by CAPA India on the subject, followed by a series of panel discussions with key industry leaders.

2 November 2023

3:00pm india, 5:30pm singapore.

‘Expert insights into the world’s fastest-growing outbound travel market’

In 2019, there were almost 20 million international departures by Indian residents, which we (CAPA India) forecast to grow to 45 million by 2030, making India one of the most attractive source markets for destinations in the world. A key feature of the outbound market going forward will be the increasing share of discretionary leisure travel, which, over time, is likely to become the leading driver of traffic, whereas business, VFR and labour have historically been the primary purpose of international travel. As more Indians travel, and travel more often, their preferences are becoming increasingly diverse and sophisticated.

The agenda at the virtual summit will address key questions such as:

  • What is the expected stimulatory impact of a privatised and resurgent Air India and a highly ambitious IndiGo, both of which are placing increasing emphasis on international operations?
  • Is India really a low-yield market? There is a sizeable market that has the interest and ability to spend more, but it is simply not being presented the right products or being approached through the right channels.
  • Are the needs of premium Indian travellers and their appetite for luxury products and unique experiences being addressed?
  • How can the travel and tourism industry better understand Indian travellers?
  • What will it take to unlock the potential of the Indian outbound travel market?

In the 15 years before COVID, India’s domestic market was the fastest-growing in the world, while international traffic grew at around half the pace. However, there has been a material shift after the pandemic. “International is suddenly the new domestic”, with CAPA India forecasting both segments to grow at a similar rate through to 2030.

Guest Speakers

Jackie Ennis

Jackie Ennis

Vice President, Global Trade Development

Andrew Hogg

Andrew Hogg

Executive GM Eastern Markets & Aviation

Tourism Australia

Rajesh Magow

Rajesh Magow

Co-founder and Group CEO

Dubai, Singapore and Thailand will remain perennial favourites, but our research indicates an increasing interest in destinations such as Azerbaijan, Egypt, Kazakhstan and Kenya, while long-haul demand for Australia, the US, Europe, South Africa and Latin America is growing. Meanwhile, younger travellers are increasingly seeking experiences, with holidays that revolve around adventure, activities and events.

The strength and resilience of the Indian outbound market is visible in the fact that several destinations have seen a faster recovery in Indian visitor arrivals after the pandemic than those from most other source markets.

Despite the tremendous potential, challenges remain. Air connectivity is a major constraint. The Indian international market remains highly under-penetrated. Historically, this has been due to Indian carriers not having the fleet to commit significant capacity to overseas routes, while most of the foreign carriers that were interested in expanding had exhausted their bilateral entitlements.

In addition, difficulties and delays associated with visa processing for Indian nationals have been a deterrent in the case of some destinations. Moreover, some tourism boards have not committed significant marketing budgets to India, believing erroneously, according to CAPA India, it to be a low-yield market.

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UK Outbound Tourism Market Dynamics: Propelling Towards a US$ 206.43 Billion Benchmark by 2034 | FMI

By 2024, the outbound travel market in the United Kingdom is expected to be worth US$ 90.46 billion . With a  CAGR of 8.60% , this pace is predicted to continue, resulting in an anticipated valuation of US$ 206.43 billion by 2034.

Many things play a part in this optimistic view. There is now more disposable income as a result of rising household incomes. This enables people to set aside more money for leisure travel, such vacations abroad. Additionally, thanks to advantageous exchange rates with nations with weaker currencies, the strong British pound sterling has significantly increased the affordability of overseas travel for citizens of the United Kingdom.

Despite the slowdown in economic growth, European outbound travel has grown by 3%. Globally, the United Kingdom is one of the top five spenders on outbound tourism. Outbound travel is increasing steadily in the United Kingdom along with domestic and inbound tourism. According to the Office for National Statistics of the UK, residents of the United Kingdom made 70.4 million outbound trips in 2016, which is a 7% increase compared to 2015.

Trips taken as holidays remained the main purpose of the trip for UK outbound tourists in 2016 followed by visiting friends and relatives and business trips. According to the World Travel and Tourism Council, the outbound tourism expenditure of UK travellers crossed US$ 70 billion and is projected to reach US$ 102 billion by the end of 2024.

https://www.futuremarketinsights.com/reports/sample/rep-gb-3740

The outbound travel sector in the United Kingdom provides employment on par with other well-known and recognised industries, such as food and electrical equipment manufacturing and machinery and equipment industries.

UK Outbound Travel: Market Dynamics and Restraints

Relatively high disposable income per capita is expected to drive the United Kingdom’s outbound tourism sector. Baby Boomers, with more free time and money for travel, are the most important segment of the UK outbound travel sector. The baby boomer generation has topped the market share of the UK outbound travel sector mainly attributed to the recent changes in pension annuities. According to the International Passenger Survey, the residents of UK prefer July and August for travel abroad mainly due to the long school holidays.

Other popular months are April, May, June, October and November. January to March is a popular time for single-week ski trips and winter sun breaks to cheap destinations, usually as an extra holiday. Along with the international airports, the United Kingdom has a large number of regional airports offering international services to important destinations which include Manchester, Nottingham, East Midlands, Liverpool and Leeds.

Medical tourism across the globe also faced difficulties in the last couple of years. Outbound medical tourism from Britain has recovered slowly after the recession. Factors include poor National Health Service delivery, problems with National Health Service dentistry, and objections and delays relating to National Health Service. Reforms have helped boost the outbound tourism sector in the UK.

UK Outbound Travel: Regional Analysis

Europe is most popular region for UK tourists with over 75% of total outbound trips. Spain, France, Italy and Germany are the most visited destinations by UK residents and the United States was the most visited non-European destination with around 6% of total visits. China, India, Iceland and Cuba areother popular destinations for UK travellers among other non-European destinations.

Factors such as cultural and artistic heritage, high reputation related to the charming culture and lifestyle, great climate, excellent and frequent flight connections have influenced UK tourists to travel to Italy. In addition to the trips within Europe, long haul travel is also increasingly becoming popular among UK travellers.

The Middle East was the least visited region for UK holidaymakers and India is one of the top destinations for UK travellers in the Asia Pacific region.

This comprehensive report equips readers with lucid information and analysis on the sector.

Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

Key Players

  • Thomas Cook Group Plc
  • Trailfinders Group Limited
  • Hogg Robinson Group Plc
  • Hays Travel Limited
  • The Globespan Group Plc
  • Lotus Group Ltd.

Key Segments in the UK Outbound Travel Market

  • Day Trips & Local Gateways
  • Pilgrimages
  • Religious and Heritage Tours

By Traveler Type:

  • Independent Traveller
  • Package Traveller

By Booking Channel:

  • Online Booking
  • Offline Booking

By Age Group:

  • 0 to 20 Years
  • 21 to 40 Years
  • 41 to 60 Years

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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