Leisure Travel Market Overviews
The Leisure Travel Market size was valued at USD 1491.5 Bn. in 2023 and the total Leisure Travel Market revenue is expected to grow at a CAGR of 22.72 % from 2024 to 2030, reaching nearly USD 6252.2 Bn.
Technological advancements are continuously transforming the leisure travel market by improving convenience and personalization. For example, Sabre Vacations, in partnership with Peakwork, has introduced an advanced comparison tool for leisure travel agents, which simplifies the booking process and offers a consumer-friendly shopping experience. Collaborations among travel companies, such as the marketing agreement between Travel + Leisure Co. and Allegiant, enhance customer reach and engagement through cross-promotion, benefiting both organizations. Additionally, acquisitions like Travel + Leisure Co.’s purchase of Accor Vacation Club allow companies to access new geographic markets and customer segments, further driving growth and revenue in the leisure travel sector.
To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/req_sample/Leisure-Travel-Market/1854
Leisure Travel Market Scope and Methodology:
Technological advancements are continuously transforming the leisure travel market by improving convenience and personalization. For example, Sabre Vacations, in partnership with Peakwork, has introduced an advanced comparison tool for leisure travel agents, which simplifies the booking process and offers a consumer-friendly shopping experience. Collaborations among travel companies, such as the marketing agreement between Travel + Leisure Co. and Allegiant, enhance customer reach and engagement through cross-promotion, benefiting both organizations. Additionally, acquisitions like Travel + Leisure Co.’s purchase of Accor Vacation Club allow companies to access new geographic markets and customer segments, further driving growth and revenue in the leisure travel sector.
Leisure Travel Market Regional Insights
Asia Pacific, fueled by rising disposable incomes, increasing urbanization, and government initiatives to promote tourism, has witnessed a surge in leisure travel. Destinations like Japan, Thailand, and Australia are experiencing a boom in tourist arrivals, driven by their unique cultural experiences and natural attractions. In Latin America, countries like Mexico, Brazil, and Costa Rica are emerging as popular leisure travel destinations, attracting visitors with their rich biodiversity, pristine beaches, and cultural festivities. The Middle East and Africa are tapping into their cultural heritage and investing in tourism infrastructure to capture a larger share of the leisure travel market. While Europe and North America continue to dominate the leisure travel market, the Asia Pacific, Latin America, Middle East, and Africa regions offer immense growth opportunities, driven by their diverse attractions and increasing accessibility.
Leisure TravelMarket Segmentation
In the leisure travel market, Generation Z (Gen Z) has emerged as the leading segment, and it is expected to sustain and grow its influence in the years ahead. With a strong awareness of social issues and a reliance on social media platforms like TikTok for trip planning, Gen Z is quickly establishing its impact. As this younger demographic increasingly values authenticity and alignment with their principles, travel providers must evolve by offering personalized experiences, sustainable options, and engaging loyalty programs. At the same time, Millennials, often referred to as digital natives, have significantly shaped their travel preferences and behaviors through their connection to technology and digital consumption.
Leisure Travel Market Key Players
The Priceline Group, Inc. (USA)
Hilton Worldwide Holdings Inc. (USA)
American Express Global Business Travel (USA)
Booking Holdings Inc. (USA)
TripAdvisor, Inc. (USA)
Airbnb, Inc. (USA)
Royal Caribbean Group (USA)
Norwegian Cruise Line Holdings Ltd. (USA)
Qantas Airways Limited (Australia)
Delta Air Lines, Inc. (USA)
Lufthansa Group (Germany)
Air Canada (Canada)
Emirates Group (United Arab Emirates)
Singapore Airlines Limited (Singapore)
To Learn More About This Study, Please Click Here:https://www.stellarmr.com/report/Leisure-Travel-Market/1854
Key questions answered in the Leisure Travel Market are:
- What is Leisure Travel ?
- What was the Leisure Travel market size in 2023?
- What is the growth rate of the Leisure Travel Market?
- Which are the factors expected to drive the Leisure Travel market growth?
- What are the different segments of the Leisure Travel Market?
- What growth strategies are the players considering to increase their presence in Leisure Travel ?
- What are the upcoming industry applications and trends for the Leisure Travel Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Leisure Travel Market?
- Who are the leading companies and what are their portfolios in Leisure Travel Market?
- What segments are covered in the Leisure Travel Market?
- Who are the key players in the Leisure Travel market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4 Kothrud
Pinnac Memories Fl. No. 3
Kothrud, Pune, Maharashtra, 411029
+91 9607365656
Our Trending Report:
Disposable Plastic Blood Bag Market https://www.stellarmr.com/report/Disposable-Plastic-Blood-Bag-Market/397
Dry Ice Market https://www.stellarmr.com/report/Dry-Ice-Market/718
Warehouse Automation Market https://www.stellarmr.com/report/Warehouse-Automation-Market/157
Machine Control System Market https://www.stellarmr.com/report/Machine-Control-System-Market/307
Automated Optical Inspection System Market https://www.stellarmr.com/report/Automated-Optical-Inspection-System-Market/369
Global White Goods Market https://www.stellarmr.com/report/Global-White-Goods-Market/261
