India’s G20 Presidency will fuel domestic tourism
Long-haul outbound travels from India are also expected to pick up with the onset of summer in Europe and the US: Thomas Cook CMD Madhavan Menon
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New Delhi: India's domestic tourism growth will continue to be strong and will be further fuelled by inbound travels through the country's presidency of G20, conferences and exhibitions that are now increasingly held here, according to Thomas Cook (India) Chairman and Managing Director Madhavan Menon.
On the other hand, long-haul outbound travels from India are also expected to pick up with the onset of summer in Europe and the US, he said. "Domestic tourism is here to stay and the reality is that we're going to see more and more activity in the domestic space without a doubt," Menon said when asked if the strong growth in domestic tourism witnessed post Covid would sustain. One of the main reasons for the surge in domestic tourism is the changed consumer behaviour after the pandemic, believing in living for today and not worrying about tomorrow, coupled with their strong confidence in the economy, he added.
"The pandemic has brought about a change in human behaviour. You're seeing more people operate from home. The tendency to spend more time with the family has increased, as a result of which the need to take frequent breaks is what the domestic market is driving," Menon said.
