It is estimated for the global outbound tourism market to witness growth at a CAGR of 11.2% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 7.1% during the forecast period of 2018 to 2021.
The research report has analysed the various elements/factors that support the market’s growth. It comprises of patterns, limitations, and forces that either influence the market favourably or unfavourably. This section also includes information on the range of different applications and market groups that could potentially have an impact in the future. The specific information is based on recent developments and notable accomplishments.
Global Outbound Tourism Market – Growth Factors
The market for outbound tourism is witnessing growth at a decent rate owing to the increasing disposable income of the people around the globe. The market is also witnessing a boom owing to the decreasing rate of the aircrafts for travel and also owing to the easier visa facilities around the globe. Various countries offer on arrival visa and this factor is attracting a lot of tourism to those countries and this factor is estimated to boost the growth of the market during the forecast period. Apart from this, various countries are attracting tourists from all over the globe by indentifying various attractive schemes for the international tourists and this factor is also estimated to boost the growth of the market during the forecast period. However, some disturbing factors such as the war scenarios are estimated to hamper the growth of the market during the forecast period.
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Global Outbound Tourism Market – Segmentation
The global outbound tourism market is segmented based on purpose type, booking channel, tourist type, tourism type, tour type, consumer operation and by age group.
Based on the purpose type, the market is segmented into,
Business
Holiday/Leisure
VFR & Others
Based on the booking channel type, the market is segmented into,
Phone Booking
Online Booking
In Person Booking
Based on the tourist type, the market is segmented into,
Domestic
International
Based on the tourism type, the market is segmented into,
Cultural & Heritage Tourism
Medical Tourism
Eco/Sustainable Tourism
Sports Tourism
Wellness Tourism & Others
Based on the tour type, the market is segmented into,
Independent Traveller
Package Traveller
Tour Group
Based on the consumer type, the market is segmented into,
Men
Women
Based on the age group type, the market is segmented into,
15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years
Global Outbound Tourism Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
Global Outbound Tourism Market – Key Market players
Orbit, Thomas Cook, SOTC Kuoni, Raj Travels, In Orbit Tours, Cox and Kings, TCI, Kesari, Riya Travels, Travelmart India, BTI Sita, Akbar Travels, Mercury Travels, BCD Travels, Amadeus, Kesari, and Gold Chip are the major players that are boosting the growth of the market during the forecast period.
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Global Outbound Tourism Market – Market Trends
The market is witnessing a boom owing to the decreasing rate of the aircrafts for travel and also owing to the easier visa facilities around the globe.
Various countries offer on arrival visa and this factor is attracting a lot of tourism to those countries and this factor is estimated to boost the growth of the market during the forecast period. Apart from this, various countries are attracting tourists from all over the globe by indentifying various attractive schemes for the international tourists and this factor is also estimated to boost the growth of the market during the forecast period.
Who should buy this Report?
- Which is the most favourable destination for India outbound Tourist?
- Which is the most favourable destination for India outbound spending?
- Which Country is most attractive for holiday/Business/VFR/Others purpose outbound tourist?
- Which country is a most spending destination for holiday/Business/VFR/Others purpose travellers?
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