How Indians are planning their trips on these festivals | Tech US News

So far, 21% of respondents have booked tickets and reserved accommodation, an indication of confirmed travel plans, while another 3% have plans to use previously booked but postponed travel tickets and accommodation, while the 21% of respondents have plans to travel in the next two. months but reservations are still to be made. Another 13% are still undecided while 42% have no travel plans, a survey by LocalCircles showed.

Compared to August 2021, a considerable improvement in consumer sentiment as the percentage of those not inclined to travel fell from 63% to 42%

Compared to the result of a survey conducted in August 2021, the new survey indicates a considerable improvement in consumer sentiment, as the percentage of those who are not inclined to take a holiday to travel fell from 63% to 42%, while those who bought tickets and confirmed plans to stay went from a mere 5% in the corresponding month last year to 21% in August 2022. Another category in which there is a noticeable difference is the increase in the percentage of undecideds. This could well be because families feel affected by the rising cost of living, education, healthcare and even travel, which has put a considerable dent in the savings and leisure budgets of thousands of families.

Reflecting improved travel sentiment, the World Travel and Tourism Council (WTTC) in its latest Economic Impact Report (EIR) forecasts that the sector’s contribution to the Indian economy could surpass pre-pandemic levels to nearly Rs. 15.9 trillion (US$215 billion) in 2022, with year-on-year growth of 20.7%, 1% above 2019 levels.

Following the significant decline in 2020, the world tourism body’s latest EIR report reveals that 2021 saw the start of recovery in the country’s Travel and Tourism sector. By 2022, jobs in the sector will grow to nearly 35 million, up 8.3% from last year, when employment in the sector fell due to the impact of the second wave of the health pandemic. In 2019, the sector supported more than 40 million jobs, falling to just over 29 million in 2020 due to the lockdown and travel restrictions.