India’s economy is recovering after pandemic as people opting to travel rather staying home

Posted by Marine2Alpine on Tuesday, 12th December 2023.

India’s economy has been severely affected by the Covid-19 pandemic, with the tourism and hospitality businesses taking a big hit. However, as the situation is improving, people are started to travel again, which is a positive sign for the industry. According to a report by the Ministry of Tourism, the Indian travel and tourism sector is expected to grow significantly in the coming years, with a CAGR of 16% to $512 billion by 2029.

The fact is people are choosing to travel rather than staying at home and which is helping the Indian economic recovery and people would rather spend on travel than anything else. As the end-year holiday season approaches, more people are choosing to travel and interestingly traditional Indian leisure spots are their most favourite ones to travel for.

So, domestically there has been an increase in the number of rooms booked in hotels, despite the rising costs for travelling, with an average 10% increase in airfares. And the most visited top destinations were: Goa, Rajasthan, Varanasi, Kerala, Ooty, Manali, Coorg, Darjeeling, Gangtok, Srinagar, Pondicherry, Vishakhapatnam, and Rishikesh for the last week of December.

To know more about travel and tourism and want us to plan your best travel experience with us call or WhatsApp at +91-9733533000 or you can visit https://www.marinetoalpine.com

Tags: indiaseconomy pandemic recovery ministeroftourism domestic travel leisurespots cagr goa rajasthan varanasi kerala ooty manali coorg darjeeling gangtok srinagar pondicherry rishikesh vishakapatnam marinetoalpine

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