Outlook robust for Indians travelling abroad
10 months, 3 weeks ago

Outlook robust for Indians travelling abroad

Live Mint  

New Delhi: Increasing numbers of Indians are set to travel abroad in the coming years as their disposable income grows in tandem with more direct flights, improved visa processing for nearby countries, and a likely growth in flights by Indian airlines, travel platform MakeMyTrip said on Friday. Over the next 3-5 years or more, significant chunk of new orders are expected to be deployed to open up some foreign destinations or to grow for these foreign destinations,” Rajesh Magow, co-founder and group chief executive officer of MakeMyTrip said in a post-earnings conference call. “From a demand standpoint, I see middle to upper middle class to high net-worth individuals, the way the disposable income is growing.that is going to be other driving force for outbound destinations to grow,” Magow added. Overall, the company is optimistic about a strong travel sentiment from Indian consumers and is seeing new use cases of travel emerging in India apart from leisure, pilgrimage, visiting friends and family, work.

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