Booking.com in its travel trends report revealed that 85% of Indian Gen Z travellers seek to travel solo while 69% are likely to travel with family members and 61% with their parents this year. They are budget-conscious with 71% opting to travel outside peak season to save money.
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Airbnb in its latest data on India-Thailand travel trends revealed that between 2022 and 2023, bookings in Thailand by Indian guests on Airbnb increased more than 60 per cent year-on-year. This surge in travel interest on Airbnb is driven by India’s changing demographics and a new, more travel-inclined younger generation, with Gen Z and Millennial Indian guests accounting for 80 per cent of bookings in 2023. According to Thailand’s Ministry of Tourism and Sports, India is the fifth largest inbound market for Thailand.
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According to Allied Market Research report, the global travel credit card industry generated $16.4 billion in 2022 and is anticipated to generate $48.5 billion by 2032, witnessing a CAGR of 11.8% from 2023 to 2032. Rising demand for travel related awards is a key growth factor.
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After releasing a report ‘Travel Trends: Redefining value through experience in 2024’, Skyscanner stated that films and entertainment have an impact on Indians. As per the report, 94 per cent of them inclined to take a trip to a destination after watching a film.
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