India to Lead the Way in Luxury Travel
According to a report, “Shaping the Future of Luxury Travel” by Amadeus which is underpinned by data modeling from Tourism Economics, it found that luxury travel growth rate will accelerate to 6.2% over the next decade.
“Indian luxury travel is projected to have compounded annual growth rate of 12.8%, the highest in the report.”
~ Financial Times
Indian luxury travel is projected to have compounded annual growth rate of 12.8%, the highest in the report. Indian luxury travel is expected to develop with a significant focus on long haul outbound trips with very little regional luxury travel. This will be in direct opposition to markets such as China, where interregional luxury travel is a major driver.
Amadeus provides the technology which keeps the travel sector moving – from initial search to making a booking, from pricing to ticketing, from managing reservations to managing check-in and departure processes. Our products and solutions help to improve the business performance of our customers; travel agencies, corporations, airlines, ground handlers, hotels, railways, car rental companies, airports, cruise lines and ferry operators.
At the heart of our approach is innovation. Amadeus was recognised in December 2014 as the leading European investor in R&D for the travel and tourism sector by the EU Industrial R&D Investment Scoreboard, which ranks European companies by total investment in R&D. Between 2004 and 2013 Amadeus invested close to €3 billion in R&D.
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