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India's online travel will be worth $13.6 billion by 2021

Tinuku - Praxis Global Alliance reported online travel in India will have a 43% share with a value of US$13.6 billion of the total market by 2021. The management consulting firm said most of the growth in India's travel market will come from increased penetration by international flights and hotel reservations offered by online portals

The online travel market in India led by airline and hotel aggregates will reach US$13.6 billion with a market share of 43% in 2021 of the country's total travel category where in 2015 it is only US$5.71 billion. Much of the growth will come from increased international flights and hotel reservations offered by online portals like Cleartrip, MakeMyTrip, Yatra, and others.

Tinuku India's online travel will be worth $13.6 billion by 2021

Madhur Singhal, managing director of Praxis Global Alliance, said the combined package of airline and hotel reservations is flooding the Indian consumer circle. Praxis said the number of hotel rooms booked in India, both online and offline, touched 11.4 million by 2016, while the number of flights reached 99.9 million.

"The combination of travel and transportation deals, even airport transfers and holiday packages is growing enormously. Millenial customers travel far more than ever," Singhal said.

Online travel orders in India covering flights and hotels are estimated to have a combined annual growth of up to 16% over a six-year period between 2015 and 2021 with 15% domestic flight growth, 12% international flights, and 19% hotel bookings.

Online domestic flight bookings accounted for 50% of the total travel market by 2015, while online hotel bookings accounted for only 27%. Companies and small and medium enterprises accounted for nearly half (49%) of domestic flight bookings by 2015, while individual customers accounted for 24%.


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