Domestic Tourism Market Projected Expansion to $6.7+ Trillion Market Value by 2030 with a 13.4% CAGR from 2021-2030
The domestic tourism market size was expected to reach $6,736.1 billion by 2030, registering a CAGR of 13.4% from 2021 to 2030.
The increase in the trend of online bookings, inclination toward unique and exotic holiday experiences, and rise in social media influence and its positive impact on the travel industry drive the growth of the global domestic tourism market. However, insufficient supportive infrastructure hindered market expansion. On the other hand, demand for enhanced service standards and emergence of eco-friendly tourism present new opportunities in the coming years.
The report offers detailed segmentation of the global domestic tourism market based on location, mode of booking, tour type, age group, and region.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐎𝐟 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.alliedmarketresearch.com/request-sample/13398
Based on location, the interstate travel segment held the highest share in 2020, contributing to around three-fourths of the total share, and is estimated to maintain its leadership status during the forecast period. However, the local or regional travel segment is expected to manifest the highest CAGR of 16.4% from 2021 to 2030.
Based on mode of booking, the OTA segment contributed to the largest share in 2020, accounting for nearly three-fifths of the global domestic tourism market, and is projected to continue its lead in terms of revenue during the forecast period. However, the direct booking segment is expected to portray the fastest CAGR of 15.2% from 2021 to 2030.
𝐒𝐜𝐡𝐞𝐝𝐮𝐥𝐞 𝐚 𝐅𝐑𝐄𝐄 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧 𝐂𝐚𝐥𝐥 𝐰𝐢𝐭𝐡 𝐎𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬/𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐄𝐱𝐩𝐞𝐫𝐭𝐬 𝐭𝐨 𝐅𝐢𝐧𝐝 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 @ https://www.alliedmarketresearch.com/purchase-enquiry/13398
Based on region, Asia-Pacific accounted for the highest share in 2020, holding more than two-fifths of the total share, and is expected to continue its dominance by 2030. However, LAMEA is estimated to portray the fastest CAGR of 15.7% during the forecast period.
Leading players of the global domestic tourism market analyzed in the research include Abercrombie & Kent USA LLC
Cox & Kings Ltd.
Butterfield & Robinson
Micato Safari
Kensington Tours
Tauck, Inc.
Thomas Cook India Ltd.
Scott Dunn Ltd.
TUI Group
Travcoa Corporation
Carlson Wagonlit Travel
American Express Travel
JTB Americas, Ltd.
Expedia Group, Inc.
Travel Leaders Group
World Travel, Inc.
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