Domestic travel operators to see 15-17% revenue growth in FY25: CRISIL

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Domestic travel operators to see 15-17% revenue growth in FY25: CRISIL - Business Standard

Quick Summary:

"The credit profiles of travel operators, too, are expected to remain healthy, supported by strong balance sheets and steady operating margins of 6.5-7 per cent, in line with last fiscal, resulting in sizeable cash flows and continuing low reliance on debt," Crisil Ratings stated.

Rising domestic tourism and increasing propensity to travel overseas will expand the revenue of India's tour and travel operators by 15-17 per cent this fiscal, Crisil Ratings said on Thursday.

Factors like improving infrastructure, rising disposable incomes, a behavioural shift in travel patterns, and the government's increasing focus on boosting domestic tourism will further support the sector's revenue growth.