Indian travellers ready to spend more for the experience this year: Survey
Traveler looking at flight timings
Indians want to spend more time and money on international and domestic travel this year, says the latest research travel report.
ACKO, India’s tech-first insurance company, releasedTravel Index 2023, whichshows that now travellers are more concerned about flexibility and convenience and are ready to spend more for the experience.
The report surveyed 1,000 respondents across seven major Indian cities between the ages of 24 and 45 and identified key patterns of travel consideration among Indians.
The survey shows that 60 per centof Indians are planning international trips this year. Further, around 48 per centof Indians will be allocating an increased budget for their travel in the coming year and 37 per centwill be increasing the duration of the trip.
The report further highlights that approximately 71 per centof respondents are ready to spend Rs 1-6 lakh on their international trips, while domestic travellers would like to spend up to Rs 1 lakh.
The survey also shows how Indian travellers understand the importance of travel insurance and know what to expect from a policy. 67 per centof respondents say that travel insurance is mandatory while planning their trip. Only 13 per centsaid they don’t want to take out a travel insurance policy.
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Speaking about the survey, Brijesh Unnithan, SVP, of Embedded Insurance said, “We wanted to understand how Indians plan to travel in 2023 and how their travel preferences have changed over the past couple of years. Travellers are now more conscious about their well-being on a trip and are demanding customised insurance products that match their needs and expectations.”
Interestingly, the survey also highlighted the fact that 36 per centof Indians want to go on a trip with their friends, 35 per centwith their spouse or partner and only 14 per centwant to take a solo trip. Lastly, four per centalso like to travel with their pets.
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