Business travel spending is projected to grow 10% a year through 2022
India’s business travel market is worth more than US$23 billion (1.576 trillion Indian rupees), based in the most recent data from 2017. Outbound trips account for 43% of spending; domestic travel makes up 37%. Inbound international travelers account for a fifth of business travel spending. Between 2012 and 2017, spending in rupees increased 12% per year, on average. This fast growth is expected to continue—averaging more than 10% a year through 2022. Domestic travel spending should deliver the strongest growth at more than 13% annually, hitting 42% of business travel spending by 2022.