In a recent research conducted by Amadeus, a major technology provider for the world travel industry, the travellers from the BRIC (Brazil, Russia, India and China) nations are expected to be more frequent in terms of making luxury outbound trips. And the country that would offer the most promising travel experiences and host the highest throngs of travellers is none other than India, with the highest CAGR (compound annual growth rate) of 12.8 pc among the BRIC countries. The report, titled ‘Shaping the Future of Luxury Travel’ looks at the opportunities and improvements across the global luxury travel sector till 2030.It specifically highlights India’s rapidly growing middle class and Indian diasporas across the globe, which are both fueling a rapid growth in its luxury market, boosting medium and long haul air travel. Empowered by the growing middle class, India will likely lead the way in luxury travel, presenting a great potential for investments over the coming decade.
