Tag Archives: annual growth rate

The FICCI-Nangia knowledge paper reveals that India’s outbound tourism market is projected to reach over US $55.3 billion by 2034, from the estimated more than US $18.8 billion in 2024, growing at a compound annual growth rate of 11.4 per cent. India’s online travel market is expected to grow at 10.5 per cent CAGR between 2024-29 — from US $17.24 billion to US $28.40 billion.

WTTC forecasts 11.5% growth in tourism investment in 2023, amounting to $955 billion. By 2033, WTTC forecasts a promising 6.1% average annual growth globally, with the strongest annualised growth rates projected to be in Asia-Pacific and the Caribbean.