To list your Hotel for sale or Hotel for lease for free please
Click Here —-
Searches for homestays and villas have surged by 42 percent by Indian overseas travellers during the one year period between June 2023 and May 2024, says a report, How India Travels Abroad, by MakeMyTrip. Bali, Dubai and Singapore make for the highest share of searches for homestays and villas, while cities like Interlaken, Kuala Lumpur, Paris, Amsterdam, and Rome are also leading this trend, showing maximum growth in search volumes.As far as hotel choices are concerned, while Indians are on the lookout for pocket friendly experiences, close to 50 percent of international hotel bookings fall in the above INR 7,000 per night tariff bracket. With New York being the most expensive place to book a hotel, South Asian destinations such as Pokhara, Pattaya, and Kuala Lumpur emerge as the top destinations for budget-friendly stay options. In terms of the hotel preferences and budgets in terms of region, travellers from Karnataka, Telangana, Maharashtra, Delhi and Haryana spend the most on premium hotel bookings, while travellers from Punjab, West Bengal, Gujarat and Tamil Nadu show a higher preference for budget hotels, the report says. The major search and booking windows for Indians, according to the report, is October to December quarter for short-haul travel and April to September for mid and long-haul travel.The report also reveals that popular destinations such as the UAE, Thailand, and the USA top the chart of the destinations that Indians love to travel to, with Kazakhstan, Azerbaijan, and Bhutan leading the emerging destinations chart.Highlighting the importance of the report, Rajesh Magow, Co-founder and Group CEO, MakeMyTrip, said, “With rising disposable incomes, greater exposure to global cultures, and the increasing ease of travel, more Indians are exploring both domestic and international destinations for leisure as well as business. Our data attests to the growing confidence in exploring new destinations and indulging in different/ luxury experiences, which is also transforming the travel industry.”An important finding of the report is the rise in the frequency of overseas travel by Indians. There has been a 32 percent growth in people taking 2 or more trips in a year. The top ten most searched countries remain the same as 2023, contributing to 64 percent of all international searches on the platform. Maharashtra, Karnataka and Delhi lead the charts for international travel searches. UK, Australia and Germany are the most popular student destinations.There has been a 70 percent increase in the combined search volume for the top 10 emerging destinations. Almaty and Baku have seen phenomenal growth rates of 527 percent and 395 percent, respectively. The overall contribution of searches for emerging destinations has increased from 10 percent to 14 percent, indicating that Indians are exploring newer global destinations. The report also indicates a visible trend in favour of luxury experiences including travelling by business class. There has been a 10 percent growth in searches for business class flights in the international segment. Hong Kong shows the highest growth with a 131 percent increase in searches followed by Sri Lanka, Japan, Saudi Arabia, and Malaysia.
Published On Sep 4, 2024 at 09:00 PM IST
Join the community of 2M+ industry professionals
Subscribe to our newsletter to get latest insights & analysis.
Download .App
Get Realtime updates
Save your favourite articles
Scan to download App
To list you hotel to sell or lease for free please Click Here
