Monday, September 18, 2006

Maturing India Outbound Reveals New Niches

India is one of the fastest growing outbound travel markets in the world: 6.2 million international trips in 2004 (16% more than 2003) and preliminary international estimates for 2005 point to another year of strong double-digit growth, to almost 7.2 million.
Indian outbound travel to Asia Pacific destinations, for which PATA’s Strategic Intelligence Centre already has 2005 figures, grew 20% last year and has been growing 9.8% per year on average since 2001. There were 2.9 million Indian trips to Asia Pacific destinations in 2005.
“With a population of more than 1.1 billion and GDP growth of more than 8% per annum, the country offers enormous potential for future growth in outbound travel,” said The Travel Business Partnership’s Editorial Director Ms Nancy Cockerell.
Ms Cockerell moderated the PATA Travel Mart 2006 India Outbound luncheon workshop on Friday, September 15 at AsiaWorld-Expo in Hong Kong.
18/09/06, Thailand
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