Indian biz travel industry to reach US $38 bn in ’24: Sodhi

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In first FCM Corporate Travel Summit in Mumbai, Sunny Sodhi, Managing Director, FCM Travel India said that Indian business travel industry would reach US $38.2 billion in 2024. “India is the 9th largest travel market in the world for business travel spending. It is the 4th largest market for the Asia Pacific region, representing 5.7 per cent of business travel spending in the region. In 2023, India’s business travel spending grew 24.7 per cent and we anticipate an 18.3 per cent increase in spending to reach US $38.2 billion in 2024,” Sodhi emphasised.