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India is geographically diverse and offers a variety of cultures that come with its own experiences, making it one of the leading countries in terms of international tourism expenditure. As per IBEF’s report on Growth of Tourism and Hospitality Industry, Travel and tourism are two of the largest industries in India, with a total contribution of about US$ 178 billion to the country’s GDP. The country’s big coastline is dotted with several attractive beaches. With this, the travel market in India is projected to reach US $125 Billion by Financial Year 2027. International Tourist arrival is expected to reach 30.5 million by 2028. As in several other sectors, Indian companies have been leveraging technology as a critical enabler of growth for the sector for over a decade now. From search engines and global distribution system (GDS) services to online travel agencies, the travel industry has witnessed significant innovation, and there is scope for more. A primary driver of tech-oriented growth for travel and hospitality companies is their adoption of cloud solutions and the development of Software as a Service (SaaS) technologies.
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