India’s corporate travel market to touch $20.8 billion by 2030

Approximately 25% of bookings come from corporate contracts, while 15% come from agents or OTAs for corporate, non-corporate or SME customers using SME rates

Industries such as IT services, BFSI (banking, financial services and insurance), engineering, aviation, oil and gas, pharmaceuticals, diversified sectors, metals, FMCG (fast moving consumer goods) and automotive are the key drivers of corporate travel in India, accounting for 86% of the travel spend of the top 100 companies, according to a Deloitte India report released this week.

Key takeaways

• Airlines and hotels dominate 70% of India's $53 billion travel market, with rail and other transportation accounting for the rest, the report found;
• The business travel sector is undergoing a transformation, fueled by hybrid work models and technological advances. Trends such as "bleisure," "workcations" and "laptop luggers" are gaining popularity;
• Accommodation providers are adapting by offering customized services and seizing new opportunities in the post-covid business travel landscape.

Get the full story at Deloitte India