The India business travel market size reached USD 41.6 Billion in 2024. Looking forward, the market is projected to reach USD 80.5 Billion by 2033, exhibiting a growth rate (CAGR) of 7.22% during 2025-2033. The market growth is attributed to stable economic growth, decreasing airfares due to new airlines, India’s rise as a business hub, and corporate tie-ups with leading travel providers.
Business travel refers to the journey that is undertaken for work and business purposes. It is usually paid for by the employer through the in-house travel departments or external service providers. Business travel includes a wide variety of components such as sourcing and procurement, planning and booking, account management, and measuring and reporting. In India, business travel has gained momentum as it facilitates cost tracking and control for organizations while helping the employees adhere to corporate T&E policies, generating mass savings through negotiated discounts.
The India business travel market share is primarily expanding by stable economic growth and decreasing airfares due to the introduction of new airlines. Additionally, as India has the capability of becoming a business hub, it is creating opportunities for corporates to open offices in the region. Along with this, tie-ups of several corporate organizations with the leading business travel providers to offer customized collaborative spaces and team-building exercises are positively impacting the growth of the market. Furthermore, increasing business activities in industries like healthcare, pharmaceuticals, and manufacturing, which are the largest end customers for business travel, are rapidly driving inter-regional operations.
Business travel opportunities in India witnessing steady growth
Travel business opportunities in India are steadily recovering following the disruptions caused by the COVID-19 pandemic. The sharp decline in travel activity during the pandemic was a significant setback, but with the easing of restrictions and the gradual return of confidence in travel safety, the industry is seeing a strong resurgence. Companies are once again prioritizing face-to-face meetings, team-building activities, and attending global conferences to strengthen their business relationships. As India’s economy continues to recover, the demand for both domestic and international business travel is also growing, contributing to the growth of the business travel market in India. Moreover, new travel policies, lower airfares, and increased vaccinations have played a crucial role in boosting confidence among corporate travelers. As a result, the industry is projected to experience significant growth in the coming years, with business travel volumes approaching pre-pandemic levels by the mid-2020s.
Top destinations for Indian business travel in 2025
In 2025, several key global destinations are expected to remain at the forefront of Indian business travel. Popular international hubs such as the United States, the United Kingdom, and Singapore will continue to attract a large number of Indian corporate travelers due to their prominence in finance, technology, and manufacturing sectors. Additionally, emerging markets such as Dubai, Hong Kong, and Southeast Asian nations are anticipated to grow in importance as business destinations. With increasing trade and economic partnerships in the Asia-Pacific region, these cities will see an uptick in business visitors from India, as per business travel statistics in India. On the domestic front, cities like Bengaluru, Mumbai, Delhi, and Hyderabad will remain popular choices for corporate meetings, conferences, and trade events. As businesses look to expand their reach in both global and regional markets, these destinations will continue to be integral to Indian business travel activities in 2025.
IMARC Group provides an analysis of the key trends in each sub-segment of the India business travel market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on type, purpose type, expenditure, age group, service type, travel type and end user.
Breakup by Type:
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Breakup by Purpose Type:
Breakup by Expenditure:
Breakup by Age Group:
Breakup by Service Type:
Breakup by Travel Type:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, Purpose Type, Expenditure, Age Group, Service Type, Travel Type, End User, Region |
Region Covered | North India, West and Central India, South India, East India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The India business travel market was valued at USD 41.6 Billion in 2024.
The India business travel market to exhibit a CAGR of 7.22% during 2025-2033, reaching a value of reach USD 80.5 Billion by 2033.
The rising popularity of business travel for client meetings, brand and product promotions, employee training and incentives, etc., is primarily driving the India business travel market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary restrictions on domestic travel activities, thereby negatively impacting the Indian market for business travel.
Based on the type, the India business travel market can be segregated into managed business travel and unmanaged business travel, where unmanaged business travel exhibits clear dominance in the market.
Based on the purpose type, the India business travel market has been divided into marketing, internal meetings, trade shows, product launch, and others. Currently, marketing holds the total market share.
Based on the expenditure, the India business travel market can be categorized into travel fare, lodging, dining, and others. Among these, travel fare currently accounts for the majority of the total market share.
Based on the age group, the India business travel market has been segmented into travelers below 40 years and travelers above 40 years. Currently, travelers below 40 years exhibit a clear dominance in the market.
Based on the service type, the India business travel market can be bifurcated into transportation, food and lodging, recreational activities, and others. Among these, food and lodging currently holds the largest market share.
Based on the travel type, the India business travel market has been segregated into group travel and solo travel. Currently, group travel exhibits a clear dominance in the market.
Based on the end user, the India business travel market can be divided into government, corporate, and others. Among these, the corporate sector currently accounts for the majority of the total market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India.