Travel sector is growing phenomenally with Indians booking tickets on the fly. As the market is set to grow from 18 million to 30-50 million outbound travellers in the next 5-7 years, there is fleet of travel start-ups in the market currently but one of them claims to have turned profitable this financial year
The global travel and tourism industry has been growing at a rapid pace inviting new businesses and providing a fertile space for the existing travel businesses to thrive. In fact, it is estimated that travel agents collectively would generate a revenue of $22.3 billion by 2026. The industry is growing and different types of tourism businesses are evolving. Putting investment in the hospitality and tourism industry is worth considering.
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