India’s travel market is projected to grow 18% in 2013 to reach $23.2 billion, faster than last year’s 11% pace, helped by increased train fares, fleet expansion by airlines and new supply of hotel rooms, according to travel research firm PhocusWright Inc.
That includes the online travel market, which is poised to log a 27% increase in revenue to touch $8.8 billion, PhocusWright said in a report released this week. The pace of growth is 1 percentage point slower than last year’s.
Full report here Mint
