Indians Spent $31.7 Billion on International Travel in FY24: Report

International travel spending by Indians rose 25% in the financial year 2023-24, reaching $31.7 billion, according to the ACKO India Travel Report 2025. The report is based on data from 49,000 travel insurance policies issued to over one lakh individuals. The report also estimates that outbound travel spending could exceed $55 billion by 2034 if current trends continue.

Young Travellers

The report shows that 48% of outbound travellers from India belong to the Millennial and Gen Z age groups. These categories include individuals born between 1981 and 1996, based on Pew Research definitions. Of the total outbound travellers, 36% were below the age of 35.

Women Travellers Represent 43%

Women made up 43% of India’s international travellers in 2024, according to the same report. This includes those travelling alone, in groups, or with families. The share marks a notable portion of the total outbound travel from the country last year.

Top Destinations for Indian Travellers

Based on policyholder travel patterns, the top international destinations for Indians in 2024 were:

• Thailand (13%)
• United Arab Emirates (10%)
• United States (6%)
• Vietnam (5%)
• Indonesia (5%)

Travel choices were linked to visa accessibility, better air connectivity, and destination popularity on digital platforms. Coastal locations such as Phuket, Bali, and Da Nang were among the frequently visited leisure spots, while urban centres like Dubai, New York, and San Francisco were also in demand.

Breakdown of Insurance Claims

Out of the insured travellers, 99% opted for medical insurance, and 83% selected broader plans that included baggage loss and travel delays.

• Medical-related claims made up 33% of all payouts, averaging ₹16,542
• Delayed baggage accounted for 25%, with an average payout of ₹17,379
• Claims related to trip rescheduling had an average value of ₹72,428

Read More: Kashmir Offers Heavy Discounts to Bring Back Tourists After Pahalgam Attack!

Conclusion

Outbound travel from India saw steady growth in FY24, led by younger travellers and a significant number of women. Insurance uptake remained high, especially for medical and travel disruption coverage.

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