New Delhi: India’s travel market is buzzing, and there is no denying that. Outbound travel from India has seen a significant spike, with Vietnam emerging as a favoured international destination.
A report from Mastercard’s Economics Institute, titled Travel Trends 2024: Breaking Boundaries, said Indian outbound travel to Vietnam skyrocketed by 248% compared to 2019 levels, followed by the US and Japan, with growth rates of 59% and 53%, respectively.
These figures, compiled for the January-March 2024 period, also indicate a significant shift in traveler preferences. The emerging trends hold promise for the travel sector, considering that India is expected to see nearly 20 million more people entering the middle…
