CONSUMER PRODUCT & SERVICES
Global Tourism Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Tourism Market, By Type (International Tourism and Domestic / Local Tourism), Purpose (Adventure Tourism, Business Travel, Conference Seminar Travel, Medical, Religious, Education, Personal, and Others), Travel Days (Within 7 Days, 7-15 Days, and More Than 15 Days), Travel Type (Solo and Group), Mode of Booking (OTA Platform and Direct Booking), Age Group (Below 30 years, 30 to 41 Years , 42 to 49 Years, and 50 Years & Above), Smart Solutions (Smart Ticketing, Smart Security Services, Smart City Bots, Smart Parking, Linguistic Services, and Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global tourism market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
The tourism market refers to the economic sector that involves the buying, selling, and exchange of goods and services related to travel and tourism activities. It encompasses a wide range of businesses and organizations, including airlines, hotels, restaurants, travel agencies, tour operators, transportation services, tourist attractions, and more.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Rise of experiential travel
- Emerging markets and destinations
RESTRAINTS
- Geopolitical uncertainty
- Environmental degradation
OPPORTUNITIES
- Cultural and heritage tourism
- Sustainable tourism development
CHALLENGES
- Travel restrictions and regulations
- Infrastructure development and maintenance
SEGMENTATION
MARKET SEGMENTATION
- Type
- International Tourism
- Domestic / Local Tourism
- Purpose
- Adventure Tourism
- Business Travel
- Conference Seminar Travel
- Medical
- Religious
- Education
- Personal
- Others
- Travel Days
- Within 7 Days
- 7-15 Days
- More Than 15 Days
- Travel Type
- Solo
- Group
- Mode of Booking
- OTA Platform
- Direct Booking
- Age Group
- Below 30 years
- 30 to 41 Years
- 42 to 49 Years
- 50 Years & Above
- Smart Solutions
- Smart Ticketing
- Smart Security Services
- Smart City Bots
- Smart Parking
- Linguistic Services
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Airbnb Inc.
- G Adventures Inc.
- TUI AG
- Balkan Holidays limited
- Accor group
- DuVine cycling + Adventure Co.
- Gray & Co.
- Frosch International Travel
- Omega world travel Inc.
- World travel Holdings
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Tourism Market, by Type
- 3.2 Global Tourism Market, by Purpose
- 3.3 Global Tourism Market, by Travel Days
- 3.4 Global Tourism Market, by Travel Type
- 3.5 Global Tourism Market, by Mode of Booking
- 3.6 Global Tourism Market, by Age Group
- 3.7 Global Tourism Market, by Smart Solutions
- 3.8 Global Tourism Market, by Geography
- 3.9 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Trend 1
- 5.1.2 Trend 2
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Rise of experiential travel
- 5.2.2 Emerging markets and destinations
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Geopolitical uncertainty
- 5.3.2 Environmental degradation
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Geopolitical uncertainty
- 5.4.2 Environmental degradation
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Travel restrictions and regulations
- 5.5.2 Infrastructure development and maintenance
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL TOURISM MARKET, BY TYPE
- 6.1 Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Tourism Market, by Type (2019-2032)
- SECTION 7 - GLOBAL TOURISM MARKET, BY PURPOSE
- 7.1 Purpose Summary
- 7.2 Market Attractive Index
- 7.3 Global Tourism Market, by Purpose (2019-2032)
- SECTION 8 - GLOBAL TOURISM MARKET, BY TRAVEL DAYS
- 8.1 Travel Days Summary
- 8.2 Market Attractive Index
- 8.3 Global Tourism Market, by Travel Days (2019-2032)
- SECTION 9 - GLOBAL TOURISM MARKET, BY TRAVEL TYPE
- 9.1 Travel Type Summary
- 9.2 Market Attractive Index
- 9.3 Global Tourism Market, by Travel Type (2019-2032)
- SECTION 10 - GLOBAL TOURISM MARKET, BY MODE OF BOOKING
- 10.1 Mode of Booking Summary
- 10.2 Market Attractive Index
- 10.3 Global Tourism Market, by Mode of Booking (2019-2032)
- SECTION 11 - GLOBAL TOURISM MARKET, BY AGE GROUP
- 11.1 Age Group Summary
- 11.2 Market Attractive Index
- 11.3 Global Tourism Market, by Age Group (2019-2032)
- SECTION 12 - GLOBAL TOURISM MARKET, BY SMART SOLUTIONS
- 12.1 Smart Solutions Summary
- 12.2 Market Attractive Index
- 12.3 Global Tourism Market, by Smart Solutions (2019-2032)
- SECTION 13 - GLOBAL TOURISM MARKET, BY GEOGRAPHY
- 13.1 Regional Summary
- 13.2 Market Attractive Index
- 13.3 Global Tourism Market, by Geography (2019-2032)
- SECTION 14 - NORTH AMERICA TOURISM MARKET
- 14.1 North America Summary
- 14.2 Market Attractive Index
- 14.3 North America Tourism Market, by Type (2019-2032)
- 14.4 North America Tourism Market, by Purpose (2019-2032)
- 14.5 North America Tourism Market, by Travel Days (2019-2032)
- 14.6 North America Tourism Market, by Travel Type (2019-2032)
- 14.7 North America Tourism Market, by Mode of Booking (2019-2032)
- 14.8 North America Tourism Market, by Age Group (2019-2032)
- 14.9 North America Tourism Market, by Smart Solutions (2019-2032)
- 14.10 North America Tourism Market, by Country (2019-2032)
- 14.10.1 U.S.
- 14.10.2 Canada
- 14.10.3 Mexico
- 14.10.4 Rest of North America
- SECTION 15 - EUROPE TOURISM MARKET
- 15.1 Europe Summary
- 15.2 Market Attractive Index
- 15.3 Europe Tourism Market, by Type (2019-2032)
- 15.4 Europe Tourism Market, by Purpose (2019-2032)
- 15.5 Europe Tourism Market, by Travel Days (2019-2032)
- 15.6 Europe Tourism Market, by Travel Type (2019-2032)
- 15.7 Europe Tourism Market, by Mode of Booking (2019-2032)
- 15.8 Europe Tourism Market, by Age Group (2019-2032)
- 15.9 Europe Tourism Market, by Smart Solutions (2019-2032)
- 15.10 Europe Tourism Market, by Country (2019-2032)
- 15.10.1 Germany
- 15.10.2 U.K.
- 15.10.3 France
- 15.10.4 Italy
- 15.10.5 Spain
- 15.10.6 Russia
- 15.10.7 The Netherlands
- 15.10.8 Belgium
- 15.10.9 Turkey
- 15.10.10 Rest of Europe
- SECTION 16 - ASIA-PACIFIC TOURISM MARKET
- 16.1 Asia-Pacific Summary
- 16.2 Market Attractive Index
- 16.3 Asia-Pacific Tourism Market, by Type (2019-2032)
- 16.4 Asia-Pacific Tourism Market, by Purpose (2019-2032)
- 16.5 Asia-Pacific Tourism Market, by Travel Days (2019-2032)
- 16.6 Asia-Pacific Tourism Market, by Travel Type (2019-2032)
- 16.7 Asia-Pacific Tourism Market, by Mode of Booking (2019-2032)
- 16.8 Asia-Pacific Tourism Market, by Age Group (2019-2032)
- 16.9 Asia-Pacific Tourism Market, by Smart Solutions (2019-2032)
- 16.10 Asia-Pacific Tourism Market, by Country (2019-2032)
- 16.10.1 China
- 16.10.2 India
- 16.10.3 Japan
- 16.10.4 South Korea
- 16.10.5 Singapore
- 16.10.6 Malaysia
- 16.10.7 Australia
- 16.10.8 Thailand
- 16.10.9 Philippines
- 16.10.10 Rest of Asia-Pacific
- SECTION 17 - SOUTH AMERICA TOURISM MARKET
- 17.1 South America Summary
- 17.2 Market Attractive Index
- 17.3 South America Tourism Market, by Type (2019-2032)
- 17.4 South America Tourism Market, by Purpose (2019-2032)
- 17.5 South America Tourism Market, by Travel Days (2019-2032)
- 17.6 South America Tourism Market, by Travel Type (2019-2032)
- 17.7 South America Tourism Market, by Mode of Booking (2019-2032)
- 17.8 South America Tourism Market, by Age Group (2019-2032)
- 17.9 South America Tourism Market, by Smart Solutions (2019-2032)
- 17.10 South America Tourism Market, by Country (2019-2032)
- 17.10.1 Brazil
- 17.10.2 Argentina
- 17.10.3 Chile
- 17.10.4 Colombia
- 17.10.5 Rest of South America
- SECTION 18 - MIDDLE EAST AND AFRICA TOURISM MARKET
- 18.1 Middle East and Africa Summary
- 18.2 Market Attractive Index
- 18.3 Middle East and Africa Tourism Market, by Type (2019-2032)
- 18.4 Middle East and Africa Tourism Market, by Purpose (2019-2032)
- 18.5 Middle East and Africa Tourism Market, by Travel Days (2019-2032)
- 18.6 Middle East and Africa Tourism Market, by Travel Type (2019-2032)
- 18.7 Middle East and Africa Tourism Market, by Mode of Booking (2019-2032)
- 18.8 Middle East and Africa Tourism Market, by Age Group (2019-2032)
- 18.9 Middle East and Africa Tourism Market, by Smart Solutions (2019-2032)
- 18.10 Middle East and Africa Tourism Market, by Country (2019-2032)
- 18.10.1 Kingdom of Saudi Arabia
- 18.10.2 South Africa
- 18.10.3 U.A.E.
- 18.10.4 Egypt
- 18.10.5 Rest of Middle East and Africa
- SECTION 19 - COMPANY SHARE ANALYSIS
- 19.1 Global Tourism Market, Company Share Analysis
- 19.2 North America Tourism Market, Company Share Analysis
- 19.3 Europe Tourism Market, Company Share Analysis
- 19.4 Asia-Pacific Tourism Market, Company Share Analysis
- SECTION 20 - COMPANY PROFILES
- 20.1 Airbnb Inc.
- 20.1.1 Company Snapshot
- 20.1.2 Financial Overview
- 20.1.3 Product Portfolio
- 20.1.4 Recent Developments
- 20.2 G Adventures Inc.
- 20.2.1 Company Snapshot
- 20.2.2 Financial Overview
- 20.2.3 Product Portfolio
- 20.2.4 Recent Developments
- 20.3 TUI AG
- 20.3.1 Company Snapshot
- 20.3.2 Financial Overview
- 20.3.3 Product Portfolio
- 20.3.4 Recent Developments
- 20.4 Balkan Holidays limited
- 20.4.1 Company Snapshot
- 20.4.2 Financial Overview
- 20.4.3 Product Portfolio
- 20.4.4 Recent Developments
- 20.5 Accor group
- 20.5.1 Company Snapshot
- 20.5.2 Financial Overview
- 20.5.3 Product Portfolio
- 20.5.4 Recent Developments
- 20.6 DuVine cycling + Adventure Co.
- 20.6.1 Company Snapshot
- 20.6.2 Financial Overview
- 20.6.3 Product Portfolio
- 20.6.4 Recent Developments
- 20.7 Gray & Co.
- 20.7.1 Company Snapshot
- 20.7.2 Financial Overview
- 20.7.3 Product Portfolio
- 20.7.4 Recent Developments
- 20.8 Frosch International Travel
- 20.8.1 Company Snapshot
- 20.8.2 Financial Overview
- 20.8.3 Product Portfolio
- 20.8.4 Recent Developments
- 20.9 Omega world travel Inc.
- 20.9.1 Company Snapshot
- 20.9.2 Financial Overview
- 20.9.3 Product Portfolio
- 20.9.4 Recent Developments
- 20.10 World travel Holdings
- 20.10.1 Company Snapshot
- 20.10.2 Financial Overview
- 20.10.3 Product Portfolio
- 20.10.4 Recent Developments
- SECTION 21 - RELATED REPORTS
- SECTION 22 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.