Indian expenditure on outbound tourism grows by 7% in 2018: Report

According to a recent report, Tourism Source Market Insight: India by ResearchAndMarkets.com, Indian expenditure on outbound tourism is growing at a substantial rate. Total outbound expenditure grew from US$23.7 bn in 2017 to US$25.4 bn in 2018, at a YOY increase of 7%. The report also states, Indian residents between the age of 35 and 49 took the most holidays in 2018. Indian residents within the 25 to 34 age range are one of the quickest growing market segments in terms of traveling.