Investor Presentaiton
ATTRACTIVE INDUSTRY DYNAMICS
UNDER PINNED BY STRONG MACRO DRIVERS
Long-term growth estimate of Indian tourism market at 7.5% CAGR...
400
350
7.5% CAGR
US$ bn
300
250
200
150
100
50
0
164
173
186
201
2012
2013
2014
2015
Source: Industry Reports 2020, Axis Securities
220
247
2016
2017
232
2018
371
2024E
<65% of India's population falls in the working age category
giving a huge fillip to discretionary spends...
80-84
70-74
50-54
40-44
30-34
10-14
40
Male (in mn)
Female (in mn)
Source: Industry Reports 2020, Axis Securities
safari
...leading to a ~2x rise in air passenger traffic over 2018-24E
400
300
200
15% CAGR
No. of Passengers in mn
100
86
2013
104
184
2014
2015
116
2016
135
2017
158
2018
2024E
Source: Industry Reports 2020, Axis Securities
---Marriage and festivals are auspicious occasions to consider
gifting backed by favorable demographics
2020E
2021E
2022E
Expected to drive the growth in luggage & bags market
54
0
10
20
30
40
50
Auspicious Indian Wedding Dates
Source: Industry Reports 2020, Axis Securities
60
60
54
56
12
70
0
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