Playcation Travel Market Size, Trends and Insights By Age Group (3 to 5 Years, 6 to 10 Years, 11 to 18 Years, 19 Years and Above), By Activity Type (Outdoor Activities, Entertainment & Games, Learning & Skill-building Activities, Others), By Type of Travellers (Solo, Friends/Group, Couple, Family), By Sales Channel (Travel Agents, Direct), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Expedia Group Inc.
- Booking Holdings Inc.
- Airbnb Inc.
- Marriott International Inc.
- Hilton Worldwide Holdings Inc.
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Playcation Travel Market is expected to record a CAGR of 8.3% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 7.4 Billion. By 2032, the valuation is anticipated to reach USD 18.5 Billion.
Playcation Travel, also known as “playful vacation,” refers to a unique and evolving trend in the travel industry. It involves combining elements of play and leisure with traditional vacation experiences. Travelers seek destinations and activities that offer recreational opportunities, adventure, and entertainment.
Playcation Travel can include visits to theme parks, gaming destinations, recreational resorts, and outdoor adventure trips. It caters to individuals and families looking for memorable and enjoyable vacations that go beyond relaxation, emphasizing fun, excitement, and engaging experiences as the primary focus of their travel plans. This trend highlights the growing importance of leisure and entertainment in modern travel preferences.
Playcation Travel Market – Significant Growth Factors
The Playcation Travel Market presents significant growth opportunities due to several factors:
- Digital Transformation: The adoption of advanced digital technologies, such as virtual reality (VR), augmented reality (AR), and mobile apps, is enhancing the immersive and interactive aspects of playcation experiences. Travel companies are leveraging these technologies to offer unique and engaging activities, from virtual theme park tours to interactive gaming adventures.
- Family-Centric Travel: The growing emphasis on family travel and multigenerational vacations is driving demand for destinations and activities that cater to diverse age groups. Playcation providers are developing family-friendly packages, including kid-friendly accommodations, entertainment options, and educational experiences.
- Adventure and Outdoor Pursuits: Increasing interest in outdoor adventures, such as hiking, camping, zip-lining, and water sports, is propelling the playcation travel market. Travelers are seeking adrenaline-pumping activities that allow them to explore the great outdoors and connect with nature.
- Health and Wellness: Travelers are prioritizing wellness-focused playcations that promote relaxation, rejuvenation, and a healthy lifestyle. Wellness retreats, spa getaways, yoga and meditation retreats, and fitness-oriented vacations are gaining popularity as travelers seek to improve their physical and mental well-being.
- Sustainable Tourism: The integration of eco-friendly practices and sustainable tourism initiatives presents an opportunity to attract environmentally conscious travelers. Playcation providers can partner with conservation organizations, implement eco-friendly accommodation options, and offer carbon offset programs to align with sustainable travel trends.
- Personalization and Customization: Tailoring playcation experiences to individual preferences through personalized itineraries, unique activities, and specialized packages can enhance customer satisfaction and loyalty. Playcation providers can leverage data analytics and customer insights to create bespoke travel experiences that cater to diverse traveler profiles and preferences, from adventure enthusiasts to relaxation seekers.
Playcation Travel Market – Mergers and Acquisitions
The Playcation Travel Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Playcation Travel Market include:
- In 2021, Expedia formed a partnership with GetYourGuide for tours and activities, a move seen as a significant challenge to Viator. GetYourGuide will manage the technical and operational distribution with Expedia, ensuring minimal disruption for tour operators in handling bookings.
- In 2020, Trip.com collaborated with major global airlines to provide loyalty and frequent flyer program members with incentives and access to deals on more than 1.4 billion properties worldwide. This partnership extends to various types of accommodations, including business hotels, airport hotels, train station hotels, luxury hotels, and resorts.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Playcation Travel Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Playcation Travel Market | MICE Market | Tourism Source Market |
| CAGR 8.3% (Approx) | CAGR 18.2% (Approx) | CAGR 5.2% (Approx) |
| USD 18.5 Billion by 2032 | USD 1620.7 Billion by 2032 | USD 986.5 Billion by 2032 |
Playcation Travel Market – Significant Threats
The Playcation Travel Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Pandemic Uncertainty: The ongoing threat of pandemics and infectious diseases can disrupt travel plans and deter tourists from participating in playcation activities. Travel restrictions, lockdowns, and health concerns may lead to cancellations and reduced demand during outbreaks.
- Economic Volatility: Economic downturns and financial crises can impact discretionary spending on playcation travel. Consumers may cut back on non-essential expenses, affecting the demand for leisure travel experiences.
- Environmental Concerns: Increasing awareness of environmental issues may lead to backlash against certain playcation activities that are seen as environmentally harmful. Activities such as wildlife interaction and excessive resource consumption can face criticism, affecting their popularity.
- Safety and Security: Safety concerns related to crime, accidents, and natural disasters can deter travelers from participating in adventurous playcation activities. Negative incidents or accidents can harm the reputation of adventure travel providers and destinations.
- Regulatory Challenges: Evolving regulations and government policies related to travel, safety standards, and environmental protection can pose challenges for playcation providers. Compliance with changing rules and requirements may require significant adjustments and investments.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 8.1 Billion |
| Projected Market Size in 2032 | USD 18.5 Billion |
| Market Size in 2022 | USD 7.4 Billion |
| CAGR Growth Rate | 8.3% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Age Group, Activity Type, Type of Travellers, Sales Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights:
By Age Group
- 3 to 5 Years: Playcation travel for children aged 3 to 5 typically involves family-friendly destinations and activities, such as theme parks, zoos, and beach vacations. Trends include a focus on educational experiences, eco-friendly options, and all-inclusive resorts catering to young families.
- 6 to 10 Years: For children aged 6 to 10, playcation travel often includes adventure parks, cultural trips, and wildlife encounters. Trends involve immersive experiences, interactive technology, and destinations promoting outdoor activities to engage and educate young travelers.
- 11 to 18 Years: Tween and teen playcation travel emphasizes adventure sports, cultural exchanges, and educational tours. Trends include voluntourism opportunities, tech-savvy travel apps, and destinations offering diverse experiences to cater to this age group.
- 19 and above Years: Adult playcation travel encompasses a wide range of experiences, from luxury resorts to backpacking adventures. Trends include wellness retreats, solo travel options, and destinations that provide unique and Instagram-worthy experiences for young adults.
By Activity Type
- Outdoor Activities: Outdoor playcation activities involve exploring natural environments, such as hiking, camping, and wildlife safaris. Trends include a growing interest in sustainable and eco-friendly outdoor adventures, as well as a preference for remote and less crowded destinations.
- Entertainment & Games: This category includes playcation experiences like theme park visits, casino trips, and gaming retreats. Trends involve increased demand for immersive and interactive entertainment options, as well as technology integration for gamified travel experiences.
- Learning & Skill-building Activities: Playcation activities centered around learning and skill-building encompass cooking classes, language courses, and workshops. Trends include a focus on authentic cultural experiences, hands-on learning, and personal development opportunities.
- Others: This category encompasses a wide range of playcation activities that do not fit into the above categories, such as wellness retreats, yoga and meditation journeys, and creative arts experiences. Trends involve customization and personalization to cater to diverse traveler preferences.
By Type of Travelers
- Solo Travelers: Solo playcation travelers are individuals who embark on leisure trips alone. This trend is driven by a desire for independence, self-discovery, and the freedom to choose personalized experiences that cater to individual interests and preferences.
- Friends/Group Travelers: Playcations with friends or in groups are popular for social bonding and shared adventures. This trend emphasizes group dynamics, collaborative planning, and activities that promote interaction and fun memories.
- Couple Travelers: Couples opt for playcations to strengthen their relationships through romantic getaways. The trend includes intimate destinations, activities that promote connection, and romantic experiences tailored for two.
- Family Travelers: Playcations for families focus on creating memorable experiences for all members, including children and parents. This trend highlights family-friendly destinations, accommodations, and activities that cater to diverse age groups and interests.
By Sales Channel
- Travel Agents: Travel agents act as intermediaries between travelers and playcation providers. They assist in planning and booking playcation experiences, offering personalized recommendations and assistance. Trends in this channel include the integration of digital platforms for booking and communication, as well as a focus on providing unique and customized playcation packages.
- Direct: Direct bookings involve travelers directly contacting playcation providers or using online platforms to book experiences without intermediaries. The trend in this channel is the growing popularity of online booking platforms, which offer convenience, transparency, and the ability to compare different playcation options easily. Additionally, playcation providers are increasingly offering direct booking incentives and loyalty programs to attract travelers.
Playcation Travel Market – Regional Analysis
The Playcation Travel Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, the trend in the playcation travel market is a growing preference for outdoor and adventure-based playcations. Travelers seek destinations that offer natural beauty, national parks, and recreational activities such as hiking, camping, and wildlife exploration. Additionally, there is a rising interest in sustainable and eco-friendly playcations, aligning with environmental consciousness.
- Europe: Europe sees a trend in cultural and heritage playcations. Travelers in this region often opt for historical destinations, city tours, and cultural experiences, including visits to museums, art galleries, and historical landmarks. Furthermore, there is a demand for playcation packages that incorporate culinary and gastronomic experiences, allowing travellers to explore local cuisines.
- Asia-Pacific: The Asia-Pacific region witnesses a trend of wellness and relaxation playcations. Travelers in this region prioritize destinations that offer spa retreats, yoga retreats, and wellness activities. Beach destinations and tropical islands are popular choices for rejuvenation-focused playcations. Additionally, there is a growing interest in exploring lesser-known and off-the-beaten-path locations.
- LAMEA (Latin America, Middle East, and Africa): In LAMEA, the trend revolves around adventure and experiential playcations. Travelers seek adrenaline-pumping activities such as safaris, desert adventures, and water sports. Cultural playcations that allow travellers to immerse themselves in local traditions and festivals are also on the rise. The region’s diverse landscapes and cultures contribute to these trends.
Competitive Landscape – Playcation Travel Market
The Playcation Travel Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- Expedia Group Inc.
- Booking Holdings Inc.
- Airbnb Inc.
- Marriott International Inc.
- Hilton Worldwide Holdings Inc.
- TripAdvisor Inc.
- Agoda Company Pte. Ltd.
- HomeAway Inc.
- VRBO
- com Group Limited
- Accor S.A.
- InterContinental Hotels Group PLC
- Wyndham Hotels & Resorts Inc.
- Choice Hotels International Inc.
- Hyatt Hotels Corporation
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
Several new players have entered the playcation travel market by adopting innovative strategies and technologies. These include start-ups offering unique playcation experiences, mobile apps for seamless booking, and platforms connecting travelers with local guides.
Established travel companies like Expedia, Booking.com, Airbnb, and TripAdvisor continue to dominate the playcation travel market. They have leveraged their extensive networks, user-friendly platforms, and data-driven insights to offer diverse playcation options.
These key players have also adapted to the changing landscape by introducing playcation-specific features, such as curated itineraries, flexible booking policies, and safety measures. Their global presence and brand recognition make them the preferred choices for travelers seeking playcation experiences.
The Playcation Travel Market is segmented as follows:
By Age Group
- 3 to 5 Years
- 6 to 10 Years
- 11 to 18 Years
- 19 Years and Above
By Activity Type
- Outdoor Activities
- Entertainment & Games
- Learning & Skill-building Activities
- Others
By Type of Travellers
- Solo
- Friends/Group
- Couple
- Family
By Sales Channel
- Travel Agents
- Direct
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Playcation Travel Market, (2024 – 2033) (USD Billion)
- 2.2 Global Playcation Travel Market: snapshot
- Chapter 3. Global Playcation Travel Market – Industry Analysis
- 3.1 Playcation Travel Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Digital Transformation
- 3.2.2 Family-Centric Travel
- 3.2.3 Adventure and Outdoor Pursuits
- 3.2.4 Health and Wellness
- 3.2.5 Sustainable Tourism
- 3.2.6 Personalization and Customization.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Age Group
- 3.7.2 Market Attractiveness Analysis By Activity Type
- 3.7.3 Market Attractiveness Analysis By Type of Travellers
- 3.7.4 Market Attractiveness Analysis By Sales Channel
- Chapter 4. Global Playcation Travel Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Playcation Travel Market: Company Market Share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Playcation Travel Market – Age Group Analysis
- 5.1 Global Playcation Travel Market Overview: By Age Group
- 5.1.1 Global Playcation Travel Market Share, By Age Group, 2022 and – 2033
- 5.2 3 to 5 Years
- 5.2.1 Global Playcation Travel Market by 3 to 5 Years, 2024 – 2033 (USD Billion)
- 5.3 6 to 10 Years
- 5.3.1 Global Playcation Travel Market by 6 to 10 Years, 2024 – 2033 (USD Billion)
- 5.4 11 to 18 Years
- 5.4.1 Global Playcation Travel Market by 11 to 18 Years, 2024 – 2033 (USD Billion)
- 5.5 19 Years and Above
- 5.5.1 Global Playcation Travel Market by 19 Years and Above, 2024 – 2033 (USD Billion)
- 5.1 Global Playcation Travel Market Overview: By Age Group
- Chapter 6. Global Playcation Travel Market – Activity Type Analysis
- 6.1 Global Playcation Travel Market Overview: By Activity Type
- 6.1.1 Global Playcation Travel Market Share, By Activity Type, 2022 and – 2033
- 6.2 Outdoor Activities
- 6.2.1 Global Playcation Travel Market by Outdoor Activities, 2024 – 2033 (USD Billion)
- 6.3 Entertainment & Games
- 6.3.1 Global Playcation Travel Market by Entertainment & Games, 2024 – 2033 (USD Billion)
- 6.4 Learning & Skill-building Activities
- 6.4.1 Global Playcation Travel Market by Learning & Skill-building Activities, 2024 – 2033 (USD Billion)
- 6.5 Others
- 6.5.1 Global Playcation Travel Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Playcation Travel Market Overview: By Activity Type
- Chapter 7. Global Playcation Travel Market – Type of Travellers Analysis
- 7.1 Global Playcation Travel Market Overview: By Type of Travellers
- 7.1.1 Global Playcation Travel Market Share, By Type of Travellers, 2022 and – 2033
- 7.2 Solo
- 7.2.1 Global Playcation Travel Market by Solo, 2024 – 2033 (USD Billion)
- 7.3 Friends/Group
- 7.3.1 Global Playcation Travel Market by Friends/Group, 2024 – 2033 (USD Billion)
- 7.4 Couple
- 7.4.1 Global Playcation Travel Market by Couple, 2024 – 2033 (USD Billion)
- 7.5 Family
- 7.5.1 Global Playcation Travel Market by Family, 2024 – 2033 (USD Billion)
- 7.1 Global Playcation Travel Market Overview: By Type of Travellers
- Chapter 8. Global Playcation Travel Market – Sales Channel Analysis
- 8.1 Global Playcation Travel Market Overview: By Sales Channel
- 8.1.1 Global Playcation Travel Market Share, By Sales Channel, 2022 and – 2033
- 8.2 Travel Agents
- 8.2.1 Global Playcation Travel Market by Travel Agents, 2024 – 2033 (USD Billion)
- 8.3 Direct
- 8.3.1 Global Playcation Travel Market by Direct, 2024 – 2033 (USD Billion)
- 8.1 Global Playcation Travel Market Overview: By Sales Channel
- Chapter 9. Playcation Travel Market – Regional Analysis
- 9.1 Global Playcation Travel Market Regional Overview
- 9.2 Global Playcation Travel Market Share, by Region, 2022 & – 2033 (USD Billion)
- 9.3. North America
- 9.3.1 North America Playcation Travel Market, 2024 – 2033 (USD Billion)
- 9.3.1.1 North America Playcation Travel Market, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 North America Playcation Travel Market, 2024 – 2033 (USD Billion)
- 9.4 North America Playcation Travel Market, by Age Group, 2024 – 2033
- 9.4.1 North America Playcation Travel Market, by Age Group, 2024 – 2033 (USD Billion)
- 9.5 North America Playcation Travel Market, by Activity Type, 2024 – 2033
- 9.5.1 North America Playcation Travel Market, by Activity Type, 2024 – 2033 (USD Billion)
- 9.6 North America Playcation Travel Market, by Type of Travellers, 2024 – 2033
- 9.6.1 North America Playcation Travel Market, by Type of Travellers, 2024 – 2033 (USD Billion)
- 9.7 North America Playcation Travel Market, by Sales Channel, 2024 – 2033
- 9.7.1 North America Playcation Travel Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Playcation Travel Market, 2024 – 2033 (USD Billion)
- 9.8.1.1 Europe Playcation Travel Market, by Country, 2024 – 2033 (USD Billion)
- 9.8.1 Europe Playcation Travel Market, 2024 – 2033 (USD Billion)
- 9.9 Europe Playcation Travel Market, by Age Group, 2024 – 2033
- 9.9.1 Europe Playcation Travel Market, by Age Group, 2024 – 2033 (USD Billion)
- 9.10 Europe Playcation Travel Market, by Activity Type, 2024 – 2033
- 9.10.1 Europe Playcation Travel Market, by Activity Type, 2024 – 2033 (USD Billion)
- 9.11 Europe Playcation Travel Market, by Type of Travellers, 2024 – 2033
- 9.11.1 Europe Playcation Travel Market, by Type of Travellers, 2024 – 2033 (USD Billion)
- 9.12 Europe Playcation Travel Market, by Sales Channel, 2024 – 2033
- 9.12.1 Europe Playcation Travel Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Playcation Travel Market, 2024 – 2033 (USD Billion)
- 9.13.1.1 Asia Pacific Playcation Travel Market, by Country, 2024 – 2033 (USD Billion)
- 9.13.1 Asia Pacific Playcation Travel Market, 2024 – 2033 (USD Billion)
- 9.14 Asia Pacific Playcation Travel Market, by Age Group, 2024 – 2033
- 9.14.1 Asia Pacific Playcation Travel Market, by Age Group, 2024 – 2033 (USD Billion)
- 9.15 Asia Pacific Playcation Travel Market, by Activity Type, 2024 – 2033
- 9.15.1 Asia Pacific Playcation Travel Market, by Activity Type, 2024 – 2033 (USD Billion)
- 9.16 Asia Pacific Playcation Travel Market, by Type of Travellers, 2024 – 2033
- 9.16.1 Asia Pacific Playcation Travel Market, by Type of Travellers, 2024 – 2033 (USD Billion)
- 9.17 Asia Pacific Playcation Travel Market, by Sales Channel, 2024 – 2033
- 9.17.1 Asia Pacific Playcation Travel Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Playcation Travel Market, 2024 – 2033 (USD Billion)
- 9.18.1.1 Latin America Playcation Travel Market, by Country, 2024 – 2033 (USD Billion)
- 9.18.1 Latin America Playcation Travel Market, 2024 – 2033 (USD Billion)
- 9.19 Latin America Playcation Travel Market, by Age Group, 2024 – 2033
- 9.19.1 Latin America Playcation Travel Market, by Age Group, 2024 – 2033 (USD Billion)
- 9.20 Latin America Playcation Travel Market, by Activity Type, 2024 – 2033
- 9.20.1 Latin America Playcation Travel Market, by Activity Type, 2024 – 2033 (USD Billion)
- 9.21 Latin America Playcation Travel Market, by Type of Travellers, 2024 – 2033
- 9.21.1 Latin America Playcation Travel Market, by Type of Travellers, 2024 – 2033 (USD Billion)
- 9.22 Latin America Playcation Travel Market, by Sales Channel, 2024 – 2033
- 9.22.1 Latin America Playcation Travel Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Playcation Travel Market, 2024 – 2033 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Playcation Travel Market, by Country, 2024 – 2033 (USD Billion)
- 9.23.1 The Middle-East and Africa Playcation Travel Market, 2024 – 2033 (USD Billion)
- 9.24 The Middle-East and Africa Playcation Travel Market, by Age Group, 2024 – 2033
- 9.24.1 The Middle-East and Africa Playcation Travel Market, by Age Group, 2024 – 2033 (USD Billion)
- 9.25 The Middle-East and Africa Playcation Travel Market, by Activity Type, 2024 – 2033
- 9.25.1 The Middle-East and Africa Playcation Travel Market, by Activity Type, 2024 – 2033 (USD Billion)
- 9.26 The Middle-East and Africa Playcation Travel Market, by Type of Travellers, 2024 – 2033
- 9.26.1 The Middle-East and Africa Playcation Travel Market, by Type of Travellers, 2024 – 2033 (USD Billion)
- 9.27 The Middle-East and Africa Playcation Travel Market, by Sales Channel, 2024 – 2033
- 9.27.1 The Middle-East and Africa Playcation Travel Market, by Sales Channel, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Expedia Group Inc.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Booking Holdings Inc.
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Airbnb Inc.
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Marriott International Inc.
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Hilton Worldwide Holdings Inc.
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 TripAdvisor Inc.
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Agoda Company Pte. Ltd.
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 HomeAway Inc.
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 VRBO
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Trip.com Group Limited
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Accor S.A.
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 InterContinental Hotels Group PLC
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Wyndham Hotels & Resorts Inc.
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Choice Hotels International Inc.
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Hyatt Hotels Corporation
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Others.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.1 Expedia Group Inc.
List Of Figures
Figures No 1 to 32
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Expedia Group Inc.
- Booking Holdings Inc.
- Airbnb Inc.
- Marriott International Inc.
- Hilton Worldwide Holdings Inc.
- TripAdvisor Inc.
- Agoda Company Pte. Ltd.
- HomeAway Inc.
- VRBO
- com Group Limited
- Accor S.A.
- InterContinental Hotels Group PLC
- Wyndham Hotels & Resorts Inc.
- Choice Hotels International Inc.
- Hyatt Hotels Corporation
- Others
FAQs
The key factors driving the Market are Digital Transformation, Family-Centric Travel, Adventure and Outdoor Pursuits, Health and Wellness, Sustainable Tourism And Personalization and Customization.
The “Activity Type” category dominated the market in 2022.
The key players in the market are Expedia Group Inc., Booking Holdings Inc., Airbnb Inc., Marriott International Inc., Hilton Worldwide Holdings Inc., TripAdvisor Inc., Agoda Company Pte. Ltd., HomeAway Inc. , VRBO , Trip.com Group Limited, Accor S.A., InterContinental Hotels Group PLC, Wyndham Hotels & Resorts Inc., Choice Hotels International Inc., Hyatt Hotels Corporation, Others.
“North America” had the largest share in the Playcation Travel Market.
The global market is projected to grow at a CAGR of 8.3% during the forecast period, 2023-2032.
The Playcation Travel Market size was valued at USD 7.4 Billion in 2022.