'Travel demand may surge in next 3 months'

Travel demand to and from India could see a jump in the coming months, according to a report by Rategain Travel Technologies, the SaaS provider to the travel and hospitality industry. The latest edition of Rategain's 'Pulse' report, shared with ET, focuses on next 3 months of travel demand to and from India.

The last few editions of Pulse had reported a surge in travel demand due to pentup demand in the summer of 2022, and while bookings globally are cooling as per expectation, incoming travel demand in India is likely to see an increase over the next three months, according to the latest report.

Rategain said the report uses data from the company's Airline Travellers' Forecast, which uses demand artificial intelligence (AI) to provide an understanding of the actual number of travellers, the source market mix, and the demand from these markets over the next 90 days. The company said the world generated more than $1.4 trillion in tourism receipts in 2019, and all travel numbers have been compared to pre-pandemic 2019 numbers to check the health of the industry.

As per the report, with high vaccination rates in the country and restrictions relaxed, major airports in India are expected to see higher arrivals than pre-Covid times. Over the next 90 days, New Delhi is expected to see a 17% increase in arrivals (international and domestic) compared with the same period in 2019.