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India's travel and tourism market is a rapidly growing sector, with a projected market volume of US$31.35 billion by 2027. The sector is expected to grow at an annual CAGR of 13.47% from 2023 to 2027. This growth is being driven by a number of factors, including rising disposable incomes, increasing urbanization, and growing awareness of India as a tourist destination.
The Indian government is a major procurer of travel and tourism products and services. In 2022, the government spent US$5.6 billion on travel and tourism, representing 1.8% of total government procurement. The government procures a wide range of travel and tourism products and services, including accommodation, transportation, food and beverage, and activities.
The main travel and tourism products and services procured by the Indian government are:
Accommodation: The government procures accommodation for a variety of purposes, including official travel, conferences and meetings, and training programs.
Transportation: The government procures transportation for a variety of purposes, including official travel, cargo transportation, and passenger transportation.
Food and beverage: The government procures food and beverage for a variety of purposes, including official travel, conferences and meetings, and training programs.
Activities: The government procures activities for a variety of purposes, including official travel, conferences and meetings, and team-building activities.
The top authorities for India travel and tourism procurement are:
Ministry of Tourism: The Ministry of Tourism is responsible for developing and implementing policies and programs to promote tourism in India.
Ministry of External Affairs: The Ministry of External Affairs is responsible for issuing visas and passports, and for promoting India as a tourist destination to foreign tourists.
Department of Railways: The Department of Railways is responsible for procuring transportation for the Indian government.
Department of Civil Aviation: The Department of Civil Aviation is responsible for procuring air travel for the Indian government.
The top winners of India travel and tourism procurement are:
Indian Railways: Indian Railways is the largest winner of India travel and tourism procurement. In 2022, Indian Railways procured US$1.8 billion worth of travel and tourism products and services.
Air India: Air India is the second largest winner of India travel and tourism procurement. In 2022, Air India procured US$0.5 billion worth of travel and tourism products and services.
Indian Tourism Development Corporation: The Indian Tourism Development Corporation is a public sector enterprise that procures a wide range of travel and tourism products and services for the Indian government. In 2022, ITDC procured US$0.3 billion worth of travel and tourism products and services.
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