Travel Forex trends: The inbound travel forex in India is expected to touch $31 billion in 2024 as compared to the $28.7 billion travel forex witnessed last year, Indian Association of Tour Operators (IATO) Vice President Ravi Gosain told Republic Business. Comparatively, the outbound travel forex from India is expected to see an annual increase this year to reach $38 from the $27.1 billion mark recorded in 2023. Apart from IATO, many other tour and travel sector stakeholders have also indicated an 8-10 per cent increase in outbound travel forex.
Forex travel trends
Both the inbound and outbound travel will witness a healthy increase in the next three years due to Indian carriers adding more aircraft to their fleet. Air India and Indigo have already placed large-scale orders which will see deliveries from 2026, said Indian Association of Tour Operators (IATO) Vice President Ravi Gosain.
“Increase in outbound will be higher than inbound because of the surge in Indians…