Tag Archives: CAGR

The global online travel booking platform market size is estimated to grow by USD 943.60 billion between 2021 and 2026, revealed Technavio. The market is estimated to grow at a CAGR of 14.64% during the forecast period. The market is driven by the increasing internet and smartphone penetration due to rapid technological advances.

India’s aviation sector is expected to grow at a Compound Annual Growth Rate (CAGR) of 6 percent in the next 20 years, revealed Andrew Matters, Head of Policy Analysis, International Air Transport Association (IATA). “We at IATA expect Indian aviation to cater to 430 million additional air passenger journeys to and from and within India in 2040 compared to 2019,” he said.

India’s passenger traffic grew at 16.52 per cent year on year to reach 308.75 million. According to a report by India Brand Equity Foundation (IBEF), it grew at a CAGR of 12.72 per cent during FY06-FY18.  The report reveals that by 2036, India is estimated to have 480 million flyers, which will be more than that of Japan (just under 225 million) and Germany (just over 200 million) together. India has become the third largest domestic aviation market in the world and is expected to overtake the UK to become the third largest air passenger market by 2025.

Aircraft movement has grown at a CAGR (Compound Annual Growth Rate) of 5.37 per cent from 1.31 million in FY07 to 2.32 million during FY18, according to a report by India Brand Equity Foundation (IBEF). During FY07-18, domestic aircraft movement increased at a CAGR of 7.38 per cent, while international aircraft movement expanded at 6.64 per cent CAGR over the same period. Apart from it, India’s domestic and international aircraft movements grew 14.40 per cent YOY and 9.40 per cent YOY to 1,886.63 thousand and 437.93 thousand during 2017 and 2018, respectively.

India’s luxury market’s compound annual growth rate (CAGR) of 13 per cent is higher than any of the other BRIC nations, and is the highest of the 25 countries explored in a recent Amadeus report called Shaping the Future of Luxury Travel. This report looks at luxury travel trends until 2025 to help the travel industry better target and service its fastest-growing segment. The report was commissioned by global travel technology provider, Amadeus, and developed with data from Tourism Economics and with dozens of expert interviews with global luxury travel experts across specialist travel concierge agencies, airlines, hoteliers and intermediary suppliers through Connections, a global networking event organiser for luxury travel providers. Global consumers are increasingly spending their disposable income on experiences rather than material goods. Consumers’ desire for life experiences is spurring a growth in luxury travel that is outpacing the rest of the travel industry, finds a new Amadeus report featuring data from Tourism Economics. Between 2011 and 2015, luxury travel, in terms of outbound flights on business or first class, saw a 4.5% compound annual growth rate (CAGR), versus 4.2% for overall travel. This trend will continue to accelerate over the next ten years, with luxury travel trips projected to grow at a CAGR of 6.2% between 2015 and 2025, almost a third faster than overall travel at 4.8%. This trend is good news for the luxury travel sector. The report, Shaping the Future of Luxury Travel, reveals the fresh challenges and opportunities that the luxury travel market will face over the next decade.Some key findings from the report include: North America and Western Europe account for 64% of global outbound luxury trips, despite only making up …