Travel boom in India: A record number of Indians will be traveling the world in 2024

The Mastercard research emphasizes how rising middle-class travel is driving the expansion of global tourism. A record number of Indians are traveling abroad at the same time as India is growing in popularity as a travel destination.An unparalleled increase in the number of Indian tourists experiencing international places has been observed in 2024, a year of great significance for the travel industry in India. Data from the most recent report on travel trends (2024) by the Mastercard Economics Institute, "Travel Trends 2024: Breaking Boundaries," indicates that India's expanding middle class, along with more routes available and a larger traveler base, has helped the country reach new heights in international tourism.A decade ago, it would have taken a full year to reach the astounding 97 million passengers that Indian airports welcomed in the first quarter of 2024. This increase is a result of India's strong economic growth and increased per capita disposable income, which are fueling the country's residents' strong desire to travel abroad.India's domestic travel industry has experienced a notable surge, with passenger volume up 21% from 2019 levels. Furthermore, there has been a notable surge in foreign travel from India, with a 4% rise in passenger traffic as of March 2024.In March 2024, Chennai accomplished a noteworthy milestone when total passenger traffic surpassed pre-pandemic levels.

This was a critical turning point in the tourism industry's ongoing recovery. Over the previous year, Bengaluru has continuously kept its domestic passenger traffic numbers above that of 2019. This resilience is partially explained by the city's service industries seeing a renaissance and the progressive return of employees to their offices.