Tour and travel sector to post revenue growth at 12-14% in fiscal 2025, says CRISIL Ratings
The Indian tour and travel sector is expected to post a healthy growth of 12-14 per cent in fiscal 2025, said a report by CRISIL Ratings. The growth will be driven by continuing high air fares and volumes almost at pre-Covid levels across segments, including long-haul travel where visa-related challenges are easing, it added. Moreover, the revision in the rate of tax collected at source (TCS) on overseas travel packages may not have a material impact on demand.
“The growth in fiscal 2025 will be on a high base of the current fiscal, where the sector is poised for a robust on-year revenue growth of ~30 per cent, or ~18 per cent above the pre-pandemic peak,” it stated.
