 "Global leisure travel market to reach $15 trillion by 2040: BCG report")
The global leisure travel segment is set to grow to $15 trillion by 2040 from the current $5 trillion, according to a report by the Boston Consulting Group (BCG). The next wave of travellers is increasingly coming from emerging markets like China, India, Saudi Arabia, and Vietnam, outpacing traditional tourism heavyweights like the US, UK, and Germany, stated the report. The report is based on a survey of nearly 5,000 travellers across 11 countries.
“India is poised to become one of the most dynamic leisure travel markets globally. There is a clear shift observed in the travel industry led by younger generations—Millennials and Gen Z—who are not only travelling more, but also seeking experiences that blend value, personalisation, and purpose,” said Nitima Malhotra, partner, BCG.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*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
SAVE 25%