The latest GBTA Business Travel Index forecasts global business travel spending to reach $1.57 trillion in 2025, with a 6.6% year-over-year growth. A stronger 8.1% rebound is expected in 2026. Notably, India ranks among the fastest-growing markets in the top 15, highlighting its expanding role in global corporate travel.
Read More »India’s growing GDP to result in 9% annual growth in travel spending between 2024-30: McKinsey Report
Recently, McKinsey report revealed that India’s growing GDP is expected to result in annual growth in travel spending of nine per cent between now and 2030. It has also become a significant emerging market that is witnessing fast-growing pools of first-time tourists attributed to a better aviation network and an increase in the availability of accommodation.
Read More »Backed by 6% GDP growth, Gen Z to drive India’s travel spending by 9% annually till 2030, says McKinsey report
According to a report by McKinsey, India’s breakneck GDP growth of 6 per cent year over year is bolstering a new generation of travellers, resulting in a projected annual growth in travel spending of 9 per cent between now and 2030. Indian air carriers and lodging companies are making substantial investments to meet projected demand.
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