But compared to their counterparts in other Asia Pacific

Image
Press Trust of India
Last Updated : Feb 17 2013 | 1:45 PM IST
countries, the study found that Indian travellers generally travel on a budget, spending just over USD 1,000 per trip, only a quarter of the average amount spent, for example, by Australian travellers. With the majority of Indians travelling on a budget, it would create a driving demand for budget airline capacity and budget accommodation, it said. However, at the other end of the scale, the number of luxury travellers from India would also increase significantly as the number of high net worth individuals (HNWIs) grew by over 20 per cent compared to 2009. In 2010, India joined the top 12 countries globally by number of High Net Worth Individuals (HNWIs), with an estimated 153,000 HNWIs. "India continues to experience strong economic growth over the next 20 years, we anticipate that the number of HNWIs will exceed one million by 2030, placing India third in the region after China and Japan," the study said. This creates a need for significant significant investment in infrastructure across the region in order to tap this potential adequately, it said. The study also found that Indian travellers were behaving in different ways and had become more confident in their travel decision-making, as there were higher incidence of self-management of travel facilitated by the social media. Also they were found to be using mobile devices more frequently through the travel process, driving travel service providers to interact with Indian travellers in new ways, it added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 17 2013 | 1:45 PM IST

Next Story