IMARC Group has projected that India’s business travel market will reach
$59.5 billion by 2028 at a CAGR of 8.71 per cent during 2023–2028. “The introduction of new airlines is primarily driving the India business travel market. Additionally, the growing investments by public and private agencies for improving the travel infrastructures and continuous improvements in the airline, hospitality, and tourism industries are further catalyzing the market growth. Besides this, the rising penetration of high-speed internet connectivity, strategic collaborations between businesses and airlines, and the development of various online travel agencies (OTAs) are acting as significant growth-inducing factors. Moreover, the emerging trend of bleisure travel, which incorporates business with pleasure elements and offers leisure or recreational activities to relieve stress and improve work efficiency, is augmenting the India business travel market growth,” IMARC Group said in the report.
