Revenge travel after the pandemic may be over for many countries, but the urge to hop on a plane has not dwindled for travelers from India. 

Indians could be the fourth-largest global travel spenders by 2030, according to a recent report by Booking.com and McKinsey. 

However, they pointed out that outbound travel only accounted for approximately 1% of total trips made by Indians last year. That’s expected to continue until 2030, the report said.

Based on the report’s expectations there will be 5 billion trips made in 2030, 1% of outbound travel will come up to 50 million trips.

According to their 2019 research, the U.S., China and Germany were the top three global travel spenders, while India came in sixth.

Regardless, total expenditure from overseas trips will increase from about 25% to 35%, the study showed.

Indian travelers are expected to embark on 5 billion more trips by 2030, and spending on travel and tourism is predicted to hit $410 billion by then. That’s a surge of more than 170% from $150 billion in 2019, the report showed. 

As more people enter the workforce, the country’s household spending per capita will increase and could outpace other developing Asian economies like Indonesia, the Philippines and Thailand. 

About 13 million households are expected to have an income distribution of $35,000, a jump from just 2 million in 2020, according to the study.

More than $200 billion have been spent in the last decade to improve India’s transportation sector, and the number of airports in the country has doubled since 2014, Booking.com and McKinsey said.

To prepare for the growing appetite for travel, Indian airlines have ordered more than 1,000 units of aircrafts, bringing the total number of planes to between 1,500 to 1,700 units by 2030, the report showed.

India’s national carrier Air India purchased in June 470 Airbus and Boeing aircrafts as part of its $70 billion fleet expansion program.