Till a decade ago, roads and railways were major means of transportation between places other than metros and tier 1 cities in India. The inauguration of these airports plays a key role in regional air connectivity.
Air travel in India is recovering rapidly, and as the demand is rising, the sector remains underserved. Efforts are being ramped up to improve aviation infrastructure in the country.
As the Indian traveler drives demand to lesser explored domestic destinations, major brands are finding opportunities to grow in the Indian hinterlands.
India is taking steps to make its tourist and pilgrimage destinations more convenient for visitors. These projects are being developed at a rapid pace to boost the country's tourism potential.
India was the fifth biggest source market for Kenya in 2022. It, therefore, plays an important role in the African nation's strategy to recover its tourism sector from the pandemic.
Several factors are driving the demand for hospitality industry in India, especially domestic tourism. ICRA expects this robust demand to lead to strong growth in FY2025.