rategains: RateGain’s PULSE report predicts booming festive travel season
The latest edition of the PULSE report focuses on the next three months of travel demand to and from India instead of assessing global trends from the past month.
The latest editions of the PULSE report have signaled an increase in travel demand due to pent-up demand during the summer of 2022, and as global bookings cool in line with expectations, inbound travel demand in India continues to see an increase over the next three months.
The report uses data from RateGain’s recently launched Air Traveler Demand Forecasting Module, which uses AI to provide an understanding of the actual number of travelers, source market composition and demand for these markets over the course of the year. for the next 90 days.
Inbound arrivals in Delhi are expected to be 17% higher and 4% higher in Mumbai than in 2019, with the biggest increase expected around Diwali.
The company said the world generated more than $1.4 trillion in tourism revenue in 2019 and over the past two years all travel figures were compared to pre-pandemic 2019 figures to verify the health of the industry.
India loves cricket and outbound travel demand from India for the next 60-90 days indicates that demand for destinations in Australia will see a surge in October and November, which would coincide with the upcoming ICC T20 World Cup, with arrivals to Melbourne increasing closely. 50% in November.
Besides Australia, Indians are flocking to Bali, and with Indonesia opening up international travel after a long stretch, outbound travel from India is expected to pick up again in the next three to six months.
According to the report, from this month India’s two biggest international hubs-Delhi and Mumbai will see an increase in arrivals from all international markets, with arrivals from North America seeing a 20% increase. month to month until November. Visitors from Asia-Pacific, from destinations such as Singapore, Thailand and Australia, will see an average increase of 15%, followed by visitors from Europe who are expected to increase by around 10%.
Visitors to Middle Eastern destinations such as Dubai, Doha and Abu Dhabi will also increase in September with an expected increase of 10%.
The PULSE report suggests that hotels in Delhi-NCR should expect good occupancy over the next three months as reduced corporate events, weddings and festive celebrations over the past two years return. According to the PULSE report, with no capacity restrictions this year, Delhi is seeing a 15% increase in travel demand before Diwali, which will continue to increase after Diwali due to the upcoming wedding season.
RateGain said its PULSE report is created by analyzing real-time price and transaction data from the company’s proprietary data lake which processes more than 200 billion transactions per year and is one of the largest world’s processors of worldwide transaction and price data collected from major OTAs, hotels, airlines and car rentals.