Tag Archives: travel spending

Recently, McKinsey report revealed that India’s growing GDP is expected to result in annual growth in travel spending of nine per cent between now and 2030. It has also become a significant emerging market that is witnessing fast-growing pools of first-time tourists attributed to a better aviation network and an increase in the availability of accommodation.

According to a report by McKinsey, India’s breakneck GDP growth of 6 per cent year over year is bolstering a new generation of travellers, resulting in a projected annual growth in travel spending of 9 per cent between now and 2030. Indian air carriers and lodging companies are making substantial investments to meet projected demand.