The latest edition of RateGain’s “Pulse” report, shared with ET, focuses on the next three months of travel demand to and from India. Past editions of Pulse had reported an increase in travel demand due to pent-up demand in the summer of 2022. next three months.
RateGain said the report uses data from the company’s air traveler forecasts, which uses demand-side artificial intelligence (AI) to provide an understanding of the actual number of travelers, source market composition and demand. of these markets over the next 90 days.
The company said the world generated more than $1.4 trillion in tourism revenue in 2019, and all travel numbers were compared to 2019 pre-pandemic numbers to check the health of the industry.
According to the report, with high vaccination rates in the country and eased restrictions, major Indian airports are expected to see higher arrivals than before Covid.
Over the next 90 days, New Delhi is expected to see a 17% increase in arrivals (both international and domestic) compared to the same period in 2019. Similarly, Mumbai is expected to see a 4% increase in arrivals.
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From September, the country’s two biggest international air transport hubs, New Delhi and Mumbai, could see an increase in arrivals from all international markets. Arrivals from North America are expected to rise 20% month-on-month through November. Visitors from Asia-Pacific – from destinations such as Singapore, Thailand and Australia – could increase by an average of 15%, while visitors from Europe are expected to increase by around 10% .
Visitor numbers from Dubai, Doha and Abu Dhabi in the Middle East could increase by 10% in September, according to the report, which adds that hotels in Delhi/NCR are expected to expect “good occupancy” over the next three months, as corporate events, weddings and festival celebrations make a comeback after the curbs of the past two years.
According to the report, with no capacity restrictions this year, Delhi is seeing a 15% increase in pre-Diwali travel demand and it will continue to rise due to the upcoming wedding season.
In terms of outbound travel over the next 60-90 days, demand for destinations in Australia is expected to rise sharply in October and November, coinciding with the upcoming ICC T20 World Cup, with Indian arrivals to Melbourne likely increasing by up to 50% in November.
Along with Australia, Indians are flocking to Bali, and Indonesia opening up international travel after a long stretch, the report says outbound travel from India is expected to pick up in the next three to six months.
RateGain said its Pulse report is created by analyzing real-time pricing and transaction data from the company’s proprietary data lake that processes more than 200 billion transactions per year collected from major OTAs, hotels, airlines and car rentals.