fintech / news / / Times Now
As incomes grow, Indians, especially the affluent, are prioritising travel.
Visa Inc. reports affluent Indians now direct nearly a third of discretionary spending to travel.
KEY POINTS
- More than half of ultra-wealthy Indians' discretionary spending now goes to travel experiences.
- India's affluent population earning over ₹10 lakh annually has nearly doubled in a few years.
- Travel spending is rising rapidly not just in metros but also in smaller cities like Ahmedabad and Surat.
- Airline bookings and premium hospitality sectors report surges in transaction volumes among affluent consumers.
COMPANIES
Summarized by Newsio from Times Now. How we summarize →