India Business Travel Market to Reach USD 80.5 Billion by 2033, Impelled by Emergence of Online Travel Agencies (OTAs)

February 05, 2025 | Transportation and Logistics

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According to the latest report by IMARC Group, titled "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," the India business travel market reached a value of USD 41.6 Billion in 2024. Business travel is generally undertaken for work or business purposes, including meetings and conferences, business expansion, employee training and development, promotion of products and services and strengthening company relations. It involves a wide range of services, such as planning and booking, sourcing and procurement, measuring and reporting and account management. It is usually paid by the organization via in-house travel departments and external service providers that include meals, airfare and lodging, transport services and expenses for communication devices. In India, there has been a considerable increase in the popularity of business travel due to a considerable decrease in airfares on account of the introduction of new airlines.

India Business Travel Market Trends:

The market in India is primarily driven by the globalization of business operations, which has encouraged multinational companies to expand their business in the country. Moreover, the rising investments by public and private agencies for improving the travel infrastructure are creating a positive market outlook. Additionally, the increasing penetration of high-speed internet connectivity and the emergence of several online travel agencies (OTAs) are providing a boost to the market. In line with this, the widespread adoption of advanced technologies, such as robotics and virtual reality (VR), for offering personalized customer experiences is impacting the market growth favorably. Other factors, including rapid digitization, the rising partnership between businesses and airlines, the increasing trend for bleisure travel, continuous improvements in the airline, hospitality and tourism industries, and the development of meetings, incentives, conferences, and events (MICE) segment, are also positively influencing the market across India. On account of the aforementioned factors, the market is anticipated to reach a value of USD 80.5 Billion by 2033, exhibiting a CAGR of 7.22% during 2025-2033.

Market Summary:

On the basis of the type, the market has been bifurcated into managed and unmanaged business travels.
Based on the purpose type, the market has been segmented into marketing, internal meetings, trade shows, product launch and others.
On the basis of the expenditure, the market has been segregated into travel fare, lodging, dining and others.
Based on the age group, the market has been classified into travelers below 40 years and travelers above 40 years.
On the basis of the service type, the market has been categorized into transportation, food and lodging, recreational activities and others.
Based on the travel type, the market has been divided into group travel and solo travel.
On the basis of the end-user, the market has been segmented into government, corporate and others.
Based on the region, the market has been segregated into North India, West and Central India, South India and East India.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

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)

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India Business Travel Market to Reach USD 80.5 Billion by 2033, Impelled by Emergence of Online Travel Agencies (OTAs)

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