India Business Travel Market Size, Share

Name: India Business Travel Market Size, Share, Growth and Industry Report
Creator: IMARC Group
License: https://www.imarcgroup.com/privacy-policy
Keywords: India Business Travel Market, India Business Travel Market Report

India Business Travel Market Report by Type (Managed Business Travel, Unmanaged Business Travel), Purpose Type (Marketing, Internal Meetings, Trade Shows, Product Launch, and Others), Expenditure (Travel Fare, Lodging, Dining, and Others), Age Group (Travelers Below 40 Years, Travelers Above 40 Years), Service Type (Transportation, Food and Lodging, Recreational Activities, and Others), Travel Type (Group Travel, Solo Travel), End User (Government, Corporate, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A3457

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Market Overview 2025-2033:

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.

Market Insights:

North India dominated the business travel market in 2024.
On the basis of type, the market is divided into managed business travel and unmanaged business travel.
Based on purpose type, the largest segment is marketing.
The corporate sector holds the largest share in the end-user segment.
Among expenditures, travel fare accounts for the majority of the market share.
The largest age group is travelers below 40 years.
Group travel leads the travel type segment.
The food and lodging service type holds the largest market share.

Market Size & Forecast:

2024 Market Size: USD 41.6 Billion
2033 Projected Market Size: USD 80.5 Billion
CAGR (2025-2033): 7.22%
North India: Largest market in 2024

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.

India Business Travel Market Trends:

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.

Key Market Segmentation:

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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Managed Business Travel
Unmanaged Business Travel

Breakup by Purpose Type:

Marketing
Internal Meetings
Trade Shows
Product Launch
Others

Breakup by Expenditure:

Travel Fare
Lodging
Dining
Others

Breakup by Age Group:

Travelers Below 40 Years
Travelers Above 40 Years

Breakup by Service Type:

Transportation
Food and Lodging
Recreational Activities
Others

Breakup by Travel Type:

Group Travel
Solo Travel

Breakup by End User:

Government
Corporate
Others

Breakup by Region:

North India
West and Central India
South India
East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Latest News and Developments:

On 11 July 2025, the Enterprising Travel Agents Association (ETAA) hosted the second edition of its Business Partners Meet 2025 in Mumbai, drawing over 100 B2C travel agents and 27 exhibitors. The event featured active participation from international tourism boards, DMCs, and travel service providers, with a highlight presentation on Zimbabwe tourism led by the Embassy of Zimbabwe. With increased airline engagement and pan-regional attendance, this gathering signals growing momentum in India’s travel trade community.
On 15 July 2025, FCM Travel India announced its inaugural FCM Corporate Travel Summit in partnership with the Global Business Travel Association (GBTA), marking GBTA’s return to India after seven years. Supported by Hyatt India Hotels, Amadeus, and Singapore Airlines, the summit aims to convene India’s corporate travel decision-makers for discussions on trends, sustainability, and technology in business travel.

Report Coverage:

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)

Key Questions Answered in This Report

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.

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India Business Travel Market Research Report and Industry Forecast

Market Overview 2025-2033:

Market Insights:

Market Size & Forecast:

India Business Travel Market Trends:

Key Market Segmentation:

Competitive Landscape:

Latest News and Developments:

Report Coverage:

Key Questions Answered in This Report

1. What is the size of business travel market in India?

2. What is the expected growth rate of the India business travel market during 2025-2033?

3. What are the key factors driving the India business travel market?

4. What has been the impact of COVID-19 on the India business travel market?

5. Which type accounts for the largest share in the India business travel market?

6. What is the breakup of the India business travel market based on the purpose type?

7. What is the breakup of the India business travel market based on the expenditure?

8. What is the breakup of the India business travel market based on the age group?

9. What is the breakup of the India business travel market based on the service type?

10. What is the breakup of the India business travel market based on the travel type?

11. What is the breakup of the India business travel market based on the end user?

12. What are the key regions in the India business travel market?