Indian leisure travellers to spend $432.3 billion by 2028

A recent report by India Brand Equity Foundation (IBEF) has claimed that the share of revenues from leisure travel to the total tourism revenue stood around 94.8 percent in 2018. Leisure travel spending reached US$234.16 billion in 2018 and is expected to reach US$432.3 billion by 2028, the report stated. Business travel revenues were US$12.84 billion in 2018 and are projected to increase to US$24.4 billion by 2028.