India Outbound Tourism Market Segmentation By Type of Tourism (Leisure, Visit to Friends and Relatives, Business and Others); By Type of Traveller (High Net-Worth Individual, Ultra-High Net-Worth Individual and Others); By Channel of Booking (Travel Agent, Online and Others) – Industry Demand Analysis & Opportunity Outlook 2020

Buy Now Report ID: 2502 | Published Date: Feb 07, 2023

India Outbound Tourism (To France) Market

Part 1 Market Definition and Research Methodology

• Market Definition

• Research Objective

• Research Methodology

Part 2 Executive Summary

Part 3 Market Dynamics

• Drivers

• Challenges

• Trends

• Opportunities

Part 4 Industry Analysis

• Business Opportunity Mapping

o Service Offering

o Potential Partnership

• Analysis on Vacation Habits

o Average Number of Trips

o Average Money Spent Per Trip

o Top Holiday Activities for Leisure Trips in France

Part 5 Policy and Regulatory Landscape

Part 6 India Outbound Tourism (to France) Market

• Market Overview – Market Size (2018–January 2020)

• Market segmentation by:

o Tourism Type

o Channel of Booking

o Type of Traveler

o Spend Type

Part 7 Competitive Landscape

• Company Profiles of Key 8 Players

Part 8 Primary Interview Analysis

• Interview transcripts

Market Drivers and Challenges

Growth Indicators

As the Indian economy is growing, the disposable income of the population is also increasing, leading to a direct increase in leisure activities including international travel. France has cultural and natural resources along with a reputation for vibrant, artistic creativity, which is resulting in the growing interest of Indian travelers. According to the World Bank, the per-capita income of India was USD 7,762.9 in 2018 and this is anticipated to further increase in the coming years, thus positively impacting the outbound tourism market. Further, the market is witnessing an increase in business travel between India and France especially in sectors such as technology, pharmaceuticals, manufacturing, construction, and energy. The exchange of investments between the countries is predicted to drive the business travel to France by developing Indian companies. India outbound tourism to France has increased over the past few years on account of the decreased cost of international airfare and the availability of affordable travel packages.


The Indian outbound travelers are known for their price-sensitivity which negatively impacts the commissions of travel agents who provide the outbound tourism services to France. Price sensitivity is one of the trickiest issues in tourism economies which are estimated to become a challenge for the India outbound tourism market.

India Outbound Tourism Market
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Market Segmentation Synopsis

By Type of Tourism

As per the data recorded by Pacific Asia Travel Association (PATA), around 40% of outbound trips by Indians are for business purposes. Moreover, the segments for leisure, visiting friends & relatives and other purposes each account for over 20% of the total trips.

On the basis of type of tourism, the market is segmented into leisure, visit to friends and relatives, business and others. The segment for leisure held the highest market share of about 55% in 2018. This can be attributed to the increasing trend of vising other countries for travel by the Indian community. Moreover, various airlines are expanding their businesses on account of the growing number of VFR travelers by launching attractive and economical packages and contributing towards the India outbound tourism market growth. On the other hand, the segment for business is anticipated to grow on account of rising expenditure by businesses on their trips. 

India Outbound Tourism Market

By Type of Traveler

Based on the type of traveler, India outbound tourism market is segmented into high net-worth individual (liquid financial assets above USD 1 million), ultra-high net-worth individual (liquid financial assets above USD 30 million) and others. A high net worth individual (HNWI) is generally someone with at least USD 1 million in cash or assets which can easily be converted into cash. These individuals contribute to outbound tourism by making huge investments in the travel agencies for luxury tours abroad. Moreover, there is a growing trend of customized abroad trips where the choice of ultra-high net worth individuals as well as high net worth individuals are exclusive, thus resulting in a higher generation of revenue in this market. On the back of this, the segment for ultra-high net worth individuals is projected to grow over the coming years. The growing number of free independent travelers who are adventurous and seek out for new challenging activities is predicted to be a major growth driver for the market. The middle-income households are estimated to create a demand for both domestic as well as international travel. This can have an impact on outbound leisure travel and improve affordable accessibility for middle-income travelers in France.

By Channel of Booking

The market for India outbound tourism market is segmented on the basis of channel of booking into travel agent, online and others, out of which, the segment for online channel is predicted to hold the leading share in the market. This can be attributed to rising internet penetration along with increasing number of smartphone users, which is anticipated to result in higher online bookings of holiday packages that are contributing to the India outbound tourism market growth across the country. Moreover, owing to the increasing digitization in India, growing number of business travelers have propagated the demand for reservations and ticketing through travel agents and online sales channels.

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Top Featured 



In The News

  • In September 2018, Creative Travel launched its new signature product series ‘Engaging Journeys’ crafted by Creative. The series comprise of unique journeys created around themes of varying interests.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Author Credits:  Anil Kumar, Ipsheeta Dash

Key Questions Answered in the Report

1) What are the major factors driving the growth of the india outbound tourism market?

Ans: Rising per capita income in India, growing demand for luxury tourism and increasing tourist attractions in France are major factors driving the market growth.

5) Who are the major players dominating the india outbound tourism market?

Ans: The major players in the market are Creative Travel, Luxury Gold, The Appointment Group Limited, Original Travel, Thomas Cook, ABC Travels, International Travel House and Cox and Kings.

6) How are the company profiles selected?

Ans: Company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

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