Inbound tourism to grow at a CAGR of 5.5% by 2034, outpace domestic growth in India, says report


International visitor spending is projected to grow at 5.5% CAGR by 2034, outpacing domestic tourism growth at 3.9%, according to a report by EY and FICCI. In 2023, domestic travel accounted for 75.3% (US$ 4.97 trillion) of total spend versus 24.7% (US$ 1.63 trillion) from international visitors. Despite strong fundamentals, India underperforms globally, with gaps in positioning, experience-led offerings, and competitiveness limiting inbound growth



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