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.
Leisure Travel Market Report Scope and Research Methodology
The Leisure Travel Market Report provides a thorough analysis of the global leisure travel industry, focusing on market trends, growth drivers, and challenges. The report covers various segments, including travel types (domestic, international), age groups, and travel preferences (adventure, wellness, cultural, luxury, etc.). It also includes a detailed examination of key regions such as North America, Europe, Asia-Pacific, and others, highlighting regional trends and growth opportunities.
The research methodology employed in this report combines both primary and secondary research to provide a comprehensive view of the leisure travel market. Primary research involved conducting interviews with industry experts, travel agents, and key stakeholders to gather qualitative insights and firsthand data. Secondary research included an extensive review of industry reports, market studies, company websites, and travel publications.
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Leisure Travel Market Dynamics
The leisure travel market is shaped by a combination of evolving consumer preferences, economic conditions, and technological advancements. Key dynamics include the rising demand for personalized and experiential travel, with travelers increasingly seeking unique, tailored experiences such as adventure tourism, wellness retreats, and cultural immersion. The growth of the middle class in emerging economies has also expanded the market, with more people able to afford international and luxury travel. Digitalization plays a critical role, with online booking platforms, travel apps, and social media influencing travel planning and decision-making. However, the market faces challenges such as economic fluctuations, geopolitical uncertainties, and environmental concerns, which can impact travel patterns.
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Leisure Travel Market Regional Insight
The leisure travel market exhibits distinct characteristics across different regions, influenced by cultural preferences, economic conditions, and regional trends. North America remains a major player, with a strong demand for both domestic and international travel, driven by a high level of disposable income and a well-developed tourism infrastructure. Europe, known for its rich cultural heritage and diverse destinations, attracts a large number of international tourists, particularly in countries like France, Spain, and Italy. The Asia-Pacific region is experiencing rapid growth, fueled by the expanding middle class, increased air connectivity, and rising interest in outbound travel, particularly from China and India.
Leisure Travel Market Segmentation
By Traveller Type
Solo
Group
By Age Group
Baby Boomers
Generation X
Millennials
Generation Z
By Expenditure Type
Lodging
Transportation
Food Beverages
Events Entertainment
Others
By Sales Channel
Conventional Channels
Online Channels
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Leisure Travel Market Key Players
Marriott International, Inc. (USA)
Travel + Leisure Co. (USA)
Accor S.A. (France)
Expedia Group, Inc. (USA)
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)
China Southern Airlines Co., Ltd. (China)
Carnival Corporation plc (USA)
LATAM Airlines Group S.A. (Chile)
Japan Airlines Co., Ltd. (Japan)
ANA Holdings Inc. (Japan)
Key Offerings:
- Past Market Size and Competitive Landscape
- Market Size, Share, Size Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- 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
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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 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.
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