Travel and Tourism Market Size was valued at USD 612.5 Billion in 2022. The Travel and Tourism market industry is projected to grow from USD 648.03 Billion in 2023 to USD 1017.37 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.80% during the forecast period (2023 - 2032).
An international Travel and Tourism Market research report proves to be true in serving the purpose of businesses of making enhanced decisions, deal with marketing of goods or services, and achieve better profitability by prioritizing Market goals. This Market report is a resource that makes available current as well as upcoming technical and financial details of the industry to 2029. The report explains Market definition, currency and pricing, Market segmentation, Market overview, premium insights, key insights and company profile of the major Market players. Moreover, the first class Travel and Tourism business report provides the data and information for actionable, most recent, and real-time Market insights which make it unfussy to take critical business decisions.
Travel and Tourism Market report systematically collects the information about influencing factors for the industry which includes customer behavior, emerging trends, product usage, and brand positioning. This Market research report is generated by considering and thorough understanding of specific requirements of the business in This industry. By following several steps of collecting and analysing Market data, this premium Market research report is structured by expert team. A trustworthy Travel and Tourism report not only takes into consideration all the Market drivers and restraints which are derived from SWOT analysis but also gives all the CAGR projections for the historic year 2021, base year 2022, and forecast period of 2023-2030.
Key Companies in the Travel and Tourism market include
- United Airlines
- Emirates
- Southwest Airlines
- Uber
- Mariott
- Hyatt
- Hilton
- Carnival Cruise Line
- Royal Caribbean
- Central Japan Railway
- East Japan Railway
- Norfolk Southern
Travel and Tourism Market Segmentation
Travel and Tourism Type Outlook
- Leisure
- Educational
- Business
- Sports
- Medical Tourism
- Others (Event Travel, Volunteer Travel, etc.)
Travel and Tourism Application Outlook
- Domestic
- International
Travel and Tourism Traveler Type Outlook
- Solo Traveler
- Couple Traveler
- Group Traveler
Travel and Tourism Travel Days Outlook
- Less than 7 Days
- 8- 15 Days
- 16-30 Days
- More than 30 Days
Travel and Tourism Travel Mode Outlook
- Travel Packages
- Self-catered
Travel and Tourism Booking Outlook
- Online
- Offline
Travel and Tourism Industry Developments
August 2023:Two brand-new Tanzania and Italy National Geographic Family Journeys have been added by G Adventures. Throughout the eight-day Tanzania Family Journey, families are anticipated to go on Serengeti game drives and visit a community tourism initiative.
July 2023:TUI Group launched a ChatGPT-powered chatbot on its U.K. app. This was the first of what is anticipated to be a series of rollouts that combine generative AI into the company's technology.
February 2023: Adris announced intentions to invest US$ 511 million in its tourist business Maistra through 2025 in an effort to expand its luxury category.
Key Benefits:
- This research offers a comprehensive analysis of current trends, projections, and dynamics for the years, with the goal of assisting in the identification of current market opportunities.
- The individual market revenue of the major countries in each area is mapped.
- The research examines the Travel and Tourism Market circumstances on a regional and country-by-country basis.
- The Travel and Tourism Market’s major participants have been identified.
- To understand the competitive environment across geographies, this study assesses the competitive landscape and conducts a value chain analysis.
- An in-depth analysis of the Travel and Tourism Market’s segmentation within the market has been offered, which is predicted to aid in the current market opportunities.
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