Tourism Market Size, Trends and Insights By Travel Purpose (Leisure Tourism, Business Tourism, Medical Tourism, Cultural & Heritage Tourism, Others), By Travel Type (Solo, Group), By Geographic (Domestic Tourism, International Tourism), By Mode of Booking (OTA Platform, Direct Booking), By Age Group (Below 30 years, 30 to 41 Years, 42 to 49 Years, 50 Years & Above), 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.
- com Group Limited
- com International Ltd.
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Tourism Market is expected to record a CAGR of 3.7% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 8,879.2 Billion. By 2032, the valuation is anticipated to reach USD 12,313.5 Billion.
The tourism market encompasses the global industry facilitating travel for leisure, business, and other purposes. It includes a diverse range of services, from transportation and accommodation to attractions, tour operations, and travel agencies.
Key players such as Expedia, Airbnb, and hotel chains influence the market, while trends like sustainable travel, digital transformation, and local experiences shape its trajectory. The market is sensitive to economic conditions, geopolitical events, and health crises.
As a dynamic sector, it continuously evolves, driven by consumer preferences, technological advancements, and environmental considerations, playing a vital role in global economies and cultural exchange.
Tourism Market – Significant Growth Factors
The Tourism Market presents significant growth opportunities due to several factors:
- Digital Transformation: The integration of advanced technologies, including online booking platforms, mobile apps, and virtual experiences, enhances the overall traveler experience, streamlining and personalizing the booking and travel process.
- Rising Middle-Class Travelers: The growth of the middle class, particularly in emerging markets, fuels increased tourism demand as more people can afford domestic and international travel, boosting the overall market.
- Sustainable and Experiential Tourism: The shift towards sustainable and experiential travel experiences reflects changing consumer preferences, with travelers seeking authentic, eco-friendly, and culturally immersive destinations and activities.
- Globalization and Connectivity: Improved transportation infrastructure and increased connectivity via airlines and digital platforms contribute to the globalization of tourism, making diverse destinations more accessible to a wider audience.
- Health and Wellness Tourism: The growing focus on health and wellness presents an opportunity for the tourism market. Travelers seek destinations and experiences that promote well-being, including spa retreats, wellness resorts, and nature-centric activities.
- Culinary and Food Tourism: Culinary and food tourism offers an opportunity for the tourism sector to capitalize on the rising interest in gastronomy. Travelers increasingly prioritize destinations known for unique culinary experiences, local cuisines, and food-related events, contributing to the growth of this niche market segment.
Tourism Market – Mergers and Acquisitions
The Tourism 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 Tourism Market include:
- In 2023, Lindblad Expeditions partnered with FOOD & WINE magazine for an immersive eight-day journey along the Columbia and Snake Rivers in the Pacific Northwest. The expedition focused on exploring the area’s rich historical, agricultural, and natural features, offering guests a unique experience to savor local cuisine and wines.
- In 2022, Intrepid Travel introduced its latest adventure tour packages in the U.S., integrating outdoor athletic activities like cycling and walking with curated itineraries emphasizing sightseeing and cuisine. The new offerings cater to travelers seeking an active and immersive experience, blending adventure with cultural exploration.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Tourism Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Tourism Market | Tourism Source Market | Conference Tourism Market |
| CAGR 3.7% (Approx) | CAGR 5.2% (Approx) | CAGR 10.1% (Approx) |
| USD 12,313.5 Billion by 2032 | USD 986.5 Billion by 2032 | USD 1,487.2 Billion by 2032 |
Tourism Market – Significant Threats
The Tourism Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Pandemics and Health Crises: Global health crises, such as pandemics, pose a significant threat to the tourism market, leading to travel restrictions, lockdowns, and a decline in consumer confidence, adversely impacting the entire industry.
- Geopolitical Instability: Political unrest, conflicts, and geopolitical tensions can disrupt travel plans and deter tourists from visiting certain regions, affecting the overall stability and attractiveness of those destinations.
- Natural Disasters: Natural disasters, including hurricanes, earthquakes, and tsunamis, pose a threat to tourism-dependent areas, causing infrastructure damage, disruptions to services, and a decline in visitor numbers.
- Terrorism and Security Concerns: Security threats and terrorist activities can lead to increased safety concerns among travelers, resulting in decreased tourism in affected regions due to fear of potential risks.
- Environmental Degradation and Climate Change: Environmental issues, such as climate change and ecological degradation, pose threats to tourism. Destinations impacted by extreme weather events, loss of biodiversity, or environmental deterioration may experience a decline in visitor numbers and attractiveness.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 8,879.2 Billion |
| Projected Market Size in 2032 | USD 12,313.5 Billion |
| Market Size in 2022 | USD 8,562.4 Billion |
| CAGR Growth Rate | 3.7% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Travel Purpose, Travel Type, Geographic, Mode of Booking, Age Group 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 Travel Purpose
- Leisure Tourism: Leisure tourism involves travel for relaxation and recreation. Trends include a rise in experiential travel, eco-friendly options, a preference for unique destinations, and a growing focus on health and wellness, reflecting a shift towards authentic and sustainable travel experiences.
- Business Tourism: Business tourism focuses on travel for conferences, meetings, and events. Trends encompass virtual and hybrid events, technological integration for seamless planning, an emphasis on sustainable business practices, and the adoption of flexible meeting formats in response to changing work environments.
- Medical Tourism: Medical tourism involves travel for healthcare services. Trends include the globalization of healthcare, increased emphasis on wellness tourism, the integration of telemedicine for remote consultations, and the growing popularity of preventive and elective medical procedures among international travelers.
- Cultural & Heritage Tourism: Cultural and heritage tourism centers around exploring historical sites and experiencing local traditions. Trends include immersive cultural experiences, heritage conservation efforts, digital platforms offering virtual heritage tours, and a focus on responsible tourism to protect cultural and historical assets.
- Others: The “others” category encompasses diverse travel purposes. Trends may include adventure tourism’s rise, nature-based and wildlife tourism, as well as niche markets like food and wine tourism. Emerging trends reflect evolving traveler interests, such as dark tourism and voluntourism, adding depth and variety to the tourism market.
By Travel Type
- Solo Travel: Solo travel involves individuals exploring destinations independently. Trends include a rise in solo female travel, a focus on self-discovery and personal growth, and technology-driven tools for solo travelers, promoting safety and facilitating seamless experiences for those venturing alone.
- Group Travel: Group travel involves organized trips with multiple participants. Trends encompass the growth of group tours catering to specific interests, such as adventure or culinary experiences, the rise of multigenerational group travel, and increased use of technology for group coordination and communication during trips.
By Geographic
- Domestic Tourism: Domestic tourism involves travel within one’s own country. Trends include a surge in domestic travel post-pandemic, a preference for local and rural destinations, and increased interest in outdoor and nature-based activities, reflecting a desire for familiarity and exploration of nearby attractions.
- International Tourism: International tourism involves travel between countries. Trends include the rebound of international travel post-pandemic, a focus on sustainable and responsible tourism, the rise of experiential and cultural exploration, and advancements in technology facilitating seamless cross-border travel experiences.
By Mode of Booking
- OTA Platform: Online Travel Agency (OTA) platforms facilitate travel bookings through digital platforms. Trends include the dominance of major OTAs, personalized recommendations, and the integration of artificial intelligence for tailored travel experiences, providing users with a comprehensive and convenient one-stop solution for their travel needs.
- Direct Booking: Direct booking involves travelers making reservations directly with hotels, airlines, or other service providers without intermediaries. Trends include loyalty programs, exclusive discounts, and personalized marketing strategies, empowering businesses to build direct relationships with customers and enhance the overall booking experience.
By Age Group
- Below 30 Years: Travelers below 30 seek adventurous, budget-friendly experiences. Trends include social media influence, sustainable travel choices, and a preference for experiential over materialistic travel, shaping a dynamic and socially conscious segment in the tourism market.
- 30 to 41 Years: The 30 to 41 age group comprises professionals seeking a balance between work and travel. Trends include leisure travel, digital nomadism, and a preference for customized and personalized travel experiences, reflecting a blend of work, leisure, and exploration.
- 42 to 49 Years: Travelers aged 42 to 49 typically prioritize family-oriented and culturally rich experiences. Trends include multigenerational travel, educational trips for families, and a focus on slow travel, encouraging a deeper immersion into local cultures and heritage.
- 50 Years & Above: Travelers aged 50 and above often pursue leisurely and comfort-focused travel. Trends include luxury travel experiences, wellness and health-focused retreats, and an increasing interest in educational and volunteer-based tourism, reflecting a diverse and discerning segment in the market.
Tourism Market – Regional Analysis
The Tourism Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: North America sees a rise in experiential travel, with an emphasis on outdoor adventures and sustainable tourism. The region embraces technology for contactless travel experiences and explores wellness tourism, reflecting a growing interest in health-conscious travel choices.
- Europe: Europe emphasizes cultural and historical exploration, promoting heritage tourism and preservation efforts. Sustainable travel gains traction, with eco-friendly accommodations and responsible tourism practices. Virtual reality and augmented reality technologies enhance the visitor experience at historical sites.
- Asia-Pacific: Asia-Pacific experiences a surge in domestic tourism, with a focus on local and regional exploration. The region embraces technological innovations like AI-driven travel apps and smart tourism initiatives. Wellness and medical tourism have gained popularity, attracting international visitors seeking holistic health experiences.
- LAMEA (Latin America, Middle East, and Africa): LAMEA showcases a rise in adventure and nature-based tourism, leveraging the region’s diverse landscapes. Cultural festivals and events attract travelers, while luxury travel experiences gain momentum. The region emphasizes sustainable tourism, with eco-lodges and conservation projects enhancing tourism offerings.
Competitive Landscape – Tourism Market
The Tourism 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.
- com Group Limited
- com International Ltd.
- Marriott International Inc.
- Accor S.A.
- Hilton Worldwide Holdings Inc.
- InterContinental Hotels Group PLC
- The Priceline Group Inc.
- Delta Air Lines Inc.
- American Express Global Business Travel (GBT)
- TUI Group
- Wyndham Hotels & Resorts Inc.
- Hyatt Hotels Corporation
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
New entrants like Hopper and KAYAK leverage cutting-edge technologies, AI, and machine learning for innovative travel solutions, disrupting the market with personalized services. Dominant players include Booking Holdings, Expedia Group, and Airbnb, leading with extensive global networks and user-friendly platforms.
Airbnb’s unique home-sharing model challenges traditional accommodations, while Booking Holdings and Expedia dominate online travel agencies with diverse offerings. Continuous innovation, strategic acquisitions, and emphasis on user experience position these key players as market leaders, influencing industry trends and shaping the evolving landscape of the highly competitive tourism market.
The Tourism Market is segmented as follows:
By Travel Purpose
- Leisure Tourism
- Business Tourism
- Medical Tourism
- Cultural & Heritage Tourism
- Others
By Travel Type
- Solo
- Group
By Geographic
- Domestic Tourism
- International Tourism
By Mode of Booking
- OTA Platform
- Direct Booking
By Age Group
- Below 30 years
- 30 to 41 Years
- 42 to 49 Years
- 50 Years & Above
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 Tourism Market, (2024 – 2033) (USD Billion)
- 2.2 Global Tourism Market: snapshot
- Chapter 3. Global Tourism Market – Industry Analysis
- 3.1 Tourism Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Digital Transformation
- 3.2.2 Rising Middle-Class Travelers
- 3.2.3 Sustainable and Experiential Tourism
- 3.2.4 Globalization and Connectivity
- 3.2.5 Health and Wellness Tourism
- 3.2.6 Culinary and Food Tourism.
- 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 Travel Purpose
- 3.7.2 Market Attractiveness Analysis By Travel Type
- 3.7.3 Market Attractiveness Analysis By Geographic
- 3.7.4 Market Attractiveness Analysis By Mode of Booking
- 3.7.5 Market Attractiveness Analysis By Age Group
- Chapter 4. Global Tourism Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Tourism 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 Tourism Market – Travel Purpose Analysis
- 5.1 Global Tourism Market Overview: By Travel Purpose
- 5.1.1 Global Tourism Market Share, By Travel Purpose, 2022 and – 2033
- 5.2 Leisure Tourism
- 5.2.1 Global Tourism Market by Leisure Tourism, 2024 – 2033 (USD Billion)
- 5.3 Business Tourism
- 5.3.1 Global Tourism Market by Business Tourism, 2024 – 2033 (USD Billion)
- 5.4 Medical Tourism
- 5.4.1 Global Tourism Market by Medical Tourism, 2024 – 2033 (USD Billion)
- 5.5 Cultural & Heritage Tourism
- 5.5.1 Global Tourism Market by Cultural & Heritage Tourism, 2024 – 2033 (USD Billion)
- 5.6 Others
- 5.6.1 Global Tourism Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Tourism Market Overview: By Travel Purpose
- Chapter 6. Global Tourism Market – Travel Type Analysis
- 6.1 Global Tourism Market Overview: By Travel Type
- 6.1.1 Global Tourism Market Share, By Travel Type, 2022 and – 2033
- 6.2 Solo
- 6.2.1 Global Tourism Market by Solo, 2024 – 2033 (USD Billion)
- 6.3 Group
- 6.3.1 Global Tourism Market by Group, 2024 – 2033 (USD Billion)
- 6.1 Global Tourism Market Overview: By Travel Type
- Chapter 7. Global Tourism Market – Geographic Analysis
- 7.1 Global Tourism Market Overview: By Geographic
- 7.1.1 Global Tourism Market Share, By Geographic, 2022 and – 2033
- 7.2 Domestic Tourism
- 7.2.1 Global Tourism Market by Domestic Tourism, 2024 – 2033 (USD Billion)
- 7.3 International Tourism
- 7.3.1 Global Tourism Market by International Tourism, 2024 – 2033 (USD Billion)
- 7.1 Global Tourism Market Overview: By Geographic
- Chapter 8. Global Tourism Market – Mode of Booking Analysis
- 8.1 Global Tourism Market Overview: By Mode of Booking
- 8.1.1 Global Tourism Market Share, By Mode of Booking, 2022 and – 2033
- 8.2 OTA Platform
- 8.2.1 Global Tourism Market by OTA Platform, 2024 – 2033 (USD Billion)
- 8.3 Direct Booking
- 8.3.1 Global Tourism Market by Direct Booking, 2024 – 2033 (USD Billion)
- 8.1 Global Tourism Market Overview: By Mode of Booking
- Chapter 9. Global Tourism Market – Age Group Analysis
- 9.1 Global Tourism Market Overview: By Age Group
- 9.1.1 Global Tourism Market Share, By Age Group, 2022 and – 2033
- 9.2 Below 30 years
- 9.2.1 Global Tourism Market by Below 30 Years, 2024 – 2033 (USD Billion)
- 9.3 30 to 41 Years
- 9.3.1 Global Tourism Market by 30 to 41 Years, 2024 – 2033 (USD Billion)
- 9.4 42 to 49 Years
- 9.4.1 Global Tourism Market by 42 to 49 Years, 2024 – 2033 (USD Billion)
- 9.5 50 Years & Above
- 9.5.1 Global Tourism Market by 50 Years & Above, 2024 – 2033 (USD Billion)
- 9.1 Global Tourism Market Overview: By Age Group
- Chapter 10. Tourism’s Market – Regional Analysis
- 10.1 Global Tourism’s Market Regional Overview
- 10.2 Global Tourism’s Market Share, by Region, 2022 & – 2033 (USD Billion)
- 10.3. North America
- 10.3.1 North America Tourism’s Market, 2024 – 2033 (USD Billion)
- 10.3.1.1 North America Tourism’s Market, by Country, 2024 – 2033 (USD Billion)
- 10.3.1 North America Tourism’s Market, 2024 – 2033 (USD Billion)
- 10.4 North America Tourism’s Market, by Travel Purpose, 2024 – 2033
- 10.4.1 North America Tourism’s Market, by Travel Purpose, 2024 – 2033 (USD Billion)
- 10.5 North America Tourism’s Market, by Travel Type, 2024 – 2033
- 10.5.1 North America Tourism’s Market, by Travel Type, 2024 – 2033 (USD Billion)
- 10.6 North America Tourism’s Market, by Geographic, 2024 – 2033
- 10.6.1 North America Tourism’s Market, by Geographic, 2024 – 2033 (USD Billion)
- 10.7 North America Tourism’s Market, by Mode of Booking, 2024 – 2033
- 10.7.1 North America Tourism’s Market, by Mode of Booking, 2024 – 2033 (USD Billion)
- 10.8 North America Tourism’s Market, by Age Group, 2024 – 2033
- 10.8.1 North America Tourism’s Market, by Age Group, 2024 – 2033 (USD Billion)
- 10.9. Europe
- 10.9.1 Europe Tourism’s Market, 2024 – 2033 (USD Billion)
- 10.9.1.1 Europe Tourism’s Market, by Country, 2024 – 2033 (USD Billion)
- 10.9.1 Europe Tourism’s Market, 2024 – 2033 (USD Billion)
- 10.10 Europe Tourism’s Market, by Travel Purpose, 2024 – 2033
- 10.10.1 Europe Tourism’s Market, by Travel Purpose, 2024 – 2033 (USD Billion)
- 10.11 Europe Tourism’s Market, by Travel Type, 2024 – 2033
- 10.11.1 Europe Tourism’s Market, by Travel Type, 2024 – 2033 (USD Billion)
- 10.12 Europe Tourism’s Market, by Geographic, 2024 – 2033
- 10.12.1 Europe Tourism’s Market, by Geographic, 2024 – 2033 (USD Billion)
- 10.13 Europe Tourism’s Market, by Mode of Booking, 2024 – 2033
- 10.13.1 Europe Tourism’s Market, by Mode of Booking, 2024 – 2033 (USD Billion)
- 10.14 Europe Tourism’s Market, by Age Group, 2024 – 2033
- 10.14.1 Europe Tourism’s Market, by Age Group, 2024 – 2033 (USD Billion)
- 10.15. Asia Pacific
- 10.15.1 Asia Pacific Tourism’s Market, 2024 – 2033 (USD Billion)
- 10.15.1.1 Asia Pacific Tourism’s Market, by Country, 2024 – 2033 (USD Billion)
- 10.15.1 Asia Pacific Tourism’s Market, 2024 – 2033 (USD Billion)
- 10.16 Asia Pacific Tourism’s Market, by Travel Purpose, 2024 – 2033
- 10.16.1 Asia Pacific Tourism’s Market, by Travel Purpose, 2024 – 2033 (USD Billion)
- 10.17 Asia Pacific Tourism’s Market, by Travel Type, 2024 – 2033
- 10.17.1 Asia Pacific Tourism’s Market, by Travel Type, 2024 – 2033 (USD Billion)
- 10.18 Asia Pacific Tourism’s Market, by Geographic, 2024 – 2033
- 10.18.1 Asia Pacific Tourism’s Market, by Geographic, 2024 – 2033 (USD Billion)
- 10.19 Asia Pacific Tourism’s Market, by Mode of Booking, 2024 – 2033
- 10.19.1 Asia Pacific Tourism’s Market, by Mode of Booking, 2024 – 2033 (USD Billion)
- 10.20 Asia Pacific Tourism’s Market, by Age Group, 2024 – 2033
- 10.20.1 Asia Pacific Tourism’s Market, by Age Group, 2024 – 2033 (USD Billion)
- 10.21. Latin America
- 10.21.1 Latin America Tourism’s Market, 2024 – 2033 (USD Billion)
- 10.21.1.1 Latin America Tourism’s Market, by Country, 2024 – 2033 (USD Billion)
- 10.21.1 Latin America Tourism’s Market, 2024 – 2033 (USD Billion)
- 10.22 Latin America Tourism’s Market, by Travel Purpose, 2024 – 2033
- 10.22.1 Latin America Tourism’s Market, by Travel Purpose, 2024 – 2033 (USD Billion)
- 10.23 Latin America Tourism’s Market, by Travel Type, 2024 – 2033
- 10.23.1 Latin America Tourism’s Market, by Travel Type, 2024 – 2033 (USD Billion)
- 10.24 Latin America Tourism’s Market, by Geographic, 2024 – 2033
- 10.24.1 Latin America Tourism’s Market, by Geographic, 2024 – 2033 (USD Billion)
- 10.25 Latin America Tourism’s Market, by Mode of Booking, 2024 – 2033
- 10.25.1 Latin America Tourism’s Market, by Mode of Booking, 2024 – 2033 (USD Billion)
- 10.26 Latin America Tourism’s Market, by Age Group, 2024 – 2033
- 10.26.1 Latin America Tourism’s Market, by Age Group, 2024 – 2033 (USD Billion)
- 10.27. The Middle-East and Africa
- 10.27.1 The Middle-East and Africa Tourism’s Market, 2024 – 2033 (USD Billion)
- 10.27.1.1 The Middle-East and Africa Tourism’s Market, by Country, 2024 – 2033 (USD Billion)
- 10.27.1 The Middle-East and Africa Tourism’s Market, 2024 – 2033 (USD Billion)
- 10.28 The Middle-East and Africa Tourism’s Market, by Travel Purpose, 2024 – 2033
- 10.28.1 The Middle-East and Africa Tourism’s Market, by Travel Purpose, 2024 – 2033 (USD Billion)
- 10.29 The Middle-East and Africa Tourism’s Market, by Travel Type, 2024 – 2033
- 10.29.1 The Middle-East and Africa Tourism’s Market, by Travel Type, 2024 – 2033 (USD Billion)
- 10.30 The Middle-East and Africa Tourism’s Market, by Geographic, 2024 – 2033
- 10.30.1 The Middle-East and Africa Tourism’s Market, by Geographic, 2024 – 2033 (USD Billion)
- 10.31 The Middle-East and Africa Tourism’s Market, by Mode of Booking, 2024 – 2033
- 10.31.1 The Middle-East and Africa Tourism’s Market, by Mode of Booking, 2024 – 2033 (USD Billion)
- 10.32 The Middle-East and Africa Tourism’s Market, by Age Group, 2024 – 2033
- 10.32.1 The Middle-East and Africa Tourism’s Market, by Age Group, 2024 – 2033 (USD Billion)
- Chapter 11. Company Profiles
- 11.1 Expedia Group Inc.
- 11.1.1 Overview
- 11.1.2 Financials
- 11.1.3 Product Portfolio
- 11.1.4 Business Strategy
- 11.1.5 Recent Developments
- 11.2 Booking Holdings Inc.
- 11.2.1 Overview
- 11.2.2 Financials
- 11.2.3 Product Portfolio
- 11.2.4 Business Strategy
- 11.2.5 Recent Developments
- 11.3 Airbnb Inc.
- 11.3.1 Overview
- 11.3.2 Financials
- 11.3.3 Product Portfolio
- 11.3.4 Business Strategy
- 11.3.5 Recent Developments
- 11.4 Trip.com Group Limited
- 11.4.1 Overview
- 11.4.2 Financials
- 11.4.3 Product Portfolio
- 11.4.4 Business Strategy
- 11.4.5 Recent Developments
- 11.5 Ctrip.com International Ltd.
- 11.5.1 Overview
- 11.5.2 Financials
- 11.5.3 Product Portfolio
- 11.5.4 Business Strategy
- 11.5.5 Recent Developments
- 11.6 Marriott International Inc.
- 11.6.1 Overview
- 11.6.2 Financials
- 11.6.3 Product Portfolio
- 11.6.4 Business Strategy
- 11.6.5 Recent Developments
- 11.7 Accor S.A.
- 11.7.1 Overview
- 11.7.2 Financials
- 11.7.3 Product Portfolio
- 11.7.4 Business Strategy
- 11.7.5 Recent Developments
- 11.8 Hilton Worldwide Holdings Inc.
- 11.8.1 Overview
- 11.8.2 Financials
- 11.8.3 Product Portfolio
- 11.8.4 Business Strategy
- 11.8.5 Recent Developments
- 11.9 InterContinental Hotels Group PLC
- 11.9.1 Overview
- 11.9.2 Financials
- 11.9.3 Product Portfolio
- 11.9.4 Business Strategy
- 11.9.5 Recent Developments
- 11.10 The Priceline Group Inc.
- 11.10.1 Overview
- 11.10.2 Financials
- 11.10.3 Product Portfolio
- 11.10.4 Business Strategy
- 11.10.5 Recent Developments
- 11.11 Delta Air Lines Inc.
- 11.11.1 Overview
- 11.11.2 Financials
- 11.11.3 Product Portfolio
- 11.11.4 Business Strategy
- 11.11.5 Recent Developments
- 11.12 American Express Global Business Travel (GBT)
- 11.12.1 Overview
- 11.12.2 Financials
- 11.12.3 Product Portfolio
- 11.12.4 Business Strategy
- 11.12.5 Recent Developments
- 11.13 TUI Group
- 11.13.1 Overview
- 11.13.2 Financials
- 11.13.3 Product Portfolio
- 11.13.4 Business Strategy
- 11.13.5 Recent Developments
- 11.14 Wyndham Hotels & Resorts Inc.
- 11.14.1 Overview
- 11.14.2 Financials
- 11.14.3 Product Portfolio
- 11.14.4 Business Strategy
- 11.14.5 Recent Developments
- 11.15 Hyatt Hotels Corporation
- 11.15.1 Overview
- 11.15.2 Financials
- 11.15.3 Product Portfolio
- 11.15.4 Business Strategy
- 11.15.5 Recent Developments
- 11.16 Others.
- 11.16.1 Overview
- 11.16.2 Financials
- 11.16.3 Product Portfolio
- 11.16.4 Business Strategy
- 11.16.5 Recent Developments
- 11.1 Expedia Group Inc.
List Of Figures
Figures No 1 to 35
List Of Tables
Tables No 1 to 127
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 2032
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 |
| Supply-side |
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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.
- com Group Limited
- com International Ltd.
- Marriott International Inc.
- Accor S.A.
- Hilton Worldwide Holdings Inc.
- InterContinental Hotels Group PLC
- The Priceline Group Inc.
- Delta Air Lines Inc.
- American Express Global Business Travel (GBT)
- TUI Group
- Wyndham Hotels & Resorts Inc.
- Hyatt Hotels Corporation
- Others
FAQs
The key factors driving the Market are Digital Transformation, Rising Middle-Class Travelers, Sustainable and Experiential Tourism, Globalization and Connectivity, Health and Wellness Tourism And Culinary and Food Tourism.
The “Leisure Tourism” category dominated the market in 2022.
The key players in the market are Expedia Group Inc., Booking Holdings Inc., Airbnb Inc., Trip.com Group Limited, Ctrip.com International Ltd., Marriott International Inc., Accor S.A., Hilton Worldwide Holdings Inc., InterContinental Hotels Group PLC, The Priceline Group Inc., Delta Air Lines Inc., American Express Global Business Travel (GBT), TUI Group, Wyndham Hotels & Resorts Inc., Hyatt Hotels Corporation, Others.
“North America” had the largest share in the Tourism Market.
The global market is projected to grow at a CAGR of 3.7% during the forecast period, 2023-2032.
The Tourism Market size was valued at USD 8,879.2 Billion in 2023.