Business

Indian travel industry sees double digit growth in the next 5 years

Offline travel services witness spurt in demand

The return of ‘revenge’ travel – a phenomenon best described as a surge in travel and tourism in the post-pandemic era – has seen an increased demand for offline services, with customers preferring speaking with consultants, due to numerous complications now associated with travel.

That has also led to an increased demand and need for travel and tourism professionals.

To cater to the increasing demand for greater face-to-face and personal interaction being sought by customers for their travel requirements, Brightsun Travel Pvt Ltd.

Expanding its workforce and services in India, with the opening of a new office in August 2022 at Unitech Cyber Park in Gurugram and another office to follow in Mumbai later this year.

Speaking at the inauguration of the company’s Gurugram office, Mrs. Madhu Azad, Hon’ble Mayor of Gurugram complimented the Brightsun.

Travel team and hoped that it will play its part in “making India the second largest travel market in the world by 2030, by which time there will be 448 million air passengers in the country, according to the International Air Transport Association (IATA).”

“the Indian market is expected to surpass 2019 levels by 2023, with the travel market size reaching USD 19 billion. In fact, the travel industry is likely to grow at a CAGR of about 18% annually till 2026, by which time the market size is expected to reach USD 29 billion.”

Deepak Nangla, Managing Director, Brightsun Travel Pvt Ltd,

Speaking about Brightsun Travel Pvt Ltd.’s growth trajectory, Mr Nangla added that “the company will match the industry growth rate, of 18% with its consolidated revenues expected to reach USD 350 million by 2026, from USD 294 million currently. The thrust of this growth will be led by markets in the UK, India and Ireland.”

“the largest growth is predicted to be within the packages space where additional content and easier booking allows customers to be able to access more travel content that even before”, there is an increased need for bespoke and customised travel experiences. The expertise that the travel consultants offer, along the exclusive deals through the sheer volume of business is the perfect combination for the Indian customer looking to start travelling again.

Mr. Nangla said

Speaking on the occasion, Sandeep Arora, Finance Manager who leads the Gurugram office and Brightsun Travel’s India team, said, “the opening of the new office will help customers gain from Brightsun .

Travel’s over 35 years of experience in the travel and tourism sector, which will enable us to guide them through the complex visa and other travel-related services in Indian and the UK markets.”

He also highlighted that even during the pandemic, the company retained a majority of its employees, despite incurring significant financial losses. “This investment in people has now enabled the company to survive, expand and grow,” he said.

About Brightsun Travel

Brightsun Travel, a global travel and tour operator, provides comprehensive bespoke travel services to individual and trade customers, corporate houses and high net-worth individuals.
Established in 1986, the company operates out of a network of offices spanning Gurgaon, Delhi, Manchester and London.
Their services range from selling flights, to domestic and international holiday packages to suit all budgets, along with ancillary products like cruises, tours, car hire, travel insurance, visa services and PCR tests.
Its range of services includes Traveasy.co.in for affordable flights; Brightsun.co.in for holiday packages, cruises, tours, transfers and travel insurance, providing a complete travel.
Offering serviced by an expert customer team; and finally Premier by Brightsun, its luxury brand where it offers bespoke concierge service for high-net-worth clients, corporate clients and SMEs.
This article was shared with Prittle Prattle News as a Press Release.
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