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India a leading inbound travel market: Trevolution
Trevolution Group, a travel firm operating Asaptickets, Skyluxtravel, Dreamport and other travel brands, says it has sold over 38,600 tickets for flights to and from India in the first six months of the current year, translating into a 65 pc growth over the corresponding period in the previous year.In a press statement, the Trevolution says that this amounts to over USD 65 million, or 10 pc of overall company’s gross bookings. India has become one of the leading travel destinations for customers from the United States. The increased demand for affordable flights shows the growing potential this market holds across the traditional leisure tourism and visiting-friends-and-relatives (VFR) segments.
According to the statement, India has emerged as one of the top destinations for Trevolution Group customers across the globe with a stable 38 pc growth in inbound travel. Compared to the same period last year, there has also been a 273 pc increase in outbound tourism from Indian airports, indicating this market’s rapidly growing demand for affordable international travel, it adds.
The statement says that most popular departure countries to reach India from have been the United States, Canada, as well as the United Kingdom, with three times more flights compared to the same period in 2022. This trend is directly linked to Trevolution Group launching ticketing operations in the UK at the beginning of this year, where a large portion of the population is of Indian descent and represents the VFR segment.
It adds that Mumbai and Delhi are the two most popular Indian airports, while most US passengers originated from New York, San Francisco, Chicago, Dallas and Washington so far in 2023.
In class of travel, Trevolution says that economy tickets increased the most in sales during H1, resulting in 60 pc growth in flights from India and a 43 pc growth in tickets sold to India. Premium economy too, has shown a positive tendency in growing demand both among Indian travelers as well as globally.
Trevolution says that while last year one in every five travelers going to India flew business class, in the first half of 2023, this number has dropped slightly to 15 pc. The share of one-way tickets has stayed at nearly the same level and amounted to 16.5 pc, compared to 13.5 pc in 2022, which rose from 12 pc in 2019.
The number of business class passengers flying from India stayed stable as 1 in 10 customers chose to fly business class in H1, 2023, while this number was 15 pc of all travelers in H1 2022, says Trevolution.
The statement adds that the average price for a standard round-trip economy ticket, the most popular ticket type at 83.5 pc, has stayed at the same level as last year and was purchased one to three weeks in advance mostly. That indicates the current trend of travelers planning their trips far ahead and choosing security and flexibility
In addition, Trevolution says that the number of short-term bookings from India has decreased in both 2023 and 2022, and thus the average length of stay abroad for customers is now 101 days versus 92 days or three months in the same period last year. Meanwhile, for travelers coming to India this period has been one month in the first half of the year both in 2022 and 2023 which is an average timeframe for international travel, adds the firm.
Source: Media India
