Urban Tourism Market, By Purpose of Visit, By Type of Activities, By Type of Accommodation, By Geography

Description

Global urban tourism market is estimated to be valued at USD 6.98 TN in 2024 and is expected to reach USD 10.56 TN by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 6.98 TN
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	6.10%	2031 Value Projection:	US$ 10.56 TN

Figure. Urban Tourism Market Share (%), By Region, 2024

Global urban tourism market has witnessed significant growth over the past few years. According to recent estimates, over 1.4 billion international tourist visited cities worldwide in 2021, indicating increase of20% as compared to pre-pandemic levels. Factors such as rapid urbanization, growing preference for city travel among millennials and generation Z, increasing disposable incomes, and expansion of low-cost air travel options have boosted the prospects of urban tourism destinations globally. However, the outbreak of the COVID-19 pandemic adversely impacted international travel. Major cities observed a steep decline in foreign visitor arrivals in 2020 but with progress of vaccination drives, the urban tourism market has witnessed growth since 2021.

Market Dynamics:

Global urban tourism market growth is driven by factors such as rapid urbanization in developing countries, growing interest in city break vacations among younger travelers, and expansion of low-cost air travel networks which provide better connectivity. However, the market growth can be hampered as concerns of overtourism can degrade the liveability of popular destinations and impact the local environment and culture. The onset of the COVID-19 pandemic posed a major challenge with international travel suffering a massive slump. But recovery has been witnessed since 2021 with destinations gradually easing travel restrictions. Increasing interest of travelers in less explored destinations and off-the-beaten paths experiences within cities can offer opportunities for the market growth.

Key Features of the Study:

This report provides in-depth analysis of the global urban tourism market, and provides market size (US$ TN) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global urban tourism market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include URBAN TOUR, Intrepid Urban Adventures, MakeMyTrip, Yatra, ClearTrip, EasemyTrip, Expedia, Thomas Cook, Riya Group, Thrillophilia, Travel Troops Global Private Ltd., Flying Squirrel Holidays, SOTC Travel Limited, G Adventures, Hays Travel, Audley Travel, Go Travel, TransIndus, Travelex, Al Tayer Group
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global urban tourism market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global urban tourism market

Market Segmentation

By Purpose of Visit:
- Leisure
- Entertainment
- Shopping
- Cultural
- Others
By Type of Activities:
- Sightseeing
- Outdoor recreation
- Dining
- Nightlife
- Others
By Type of Accommodation:
- Hotels
- Hostels
- Homestays
- Others
By Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- URBAN TOUR
- Intrepid Urban Adventures
- MakeMyTrip
- Yatra
- ClearTrip
- EasemyTrip
- Expedia
- Thomas Cook
- Riya Group
- Thrillophilia
- Travel Troops Global Private Ltd.
- Flying Squirrel Holidays
- SOTC Travel Limited
- G Adventures
- Hays Travel
- Audley Travel
- Go Travel
- TransIndus
- Travelex
- Al Tayer Group

Product Code: CMI6991

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Purpose of Visit
- Market Snippet, By Type of Activities
- Market Snippet, By Type of Accommodation
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Urban Tourism Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Urban Tourism Market
Impact Analysis

5. Global Urban Tourism Market, By Purpose of Visit, 2019-2031, (US$ TN)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Leisure
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Entertainment
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Shopping
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Cultural
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031Segment Trends

6. Global Urban Tourism Market, By Type of Activities, 2019-2031, (US$ TN)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Sightseeing
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031Segment Trends
Outdoor recreation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031Segment Trends
Dining
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Nightlife
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Urban Tourism Market, By Type of Accommodation, 2019-2031, (US$ TN)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
Hotels
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031Segment Trends
Hostels
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031Segment Trends
Homestays
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031Segment Trends

8. Global Urban Tourism Market, By Region, 2019-2031, (US$ TN)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Purpose of Visit, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Type of Activities, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Type of Accommodation, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Country, 2019- 2031, (US$ TN)
  - U.S.
  - Canada
  - Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Purpose of Visit, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Type of Activities, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Type of Accommodation, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Country, 2019- 2031, (US$ TN)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Purpose of Visit, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Type of Activities, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Type of Accommodation, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Country, 2019- 2031, (US$ TN)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Purpose of Visit, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Type of Activities, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Type of Accommodation, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Country, 2019- 2031, (US$ TN)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Purpose of Visit, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Type of Activities, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Type of Accommodation, 2019- 2031, (US$ TN)
- Market Size and Forecast, By Country, 2019- 2031, (US$ TN)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- URBAN TOUR
  - Company Overview
  - Purpose of visit Portfolio
  - Recent Developments/Updates
- Intrepid Urban Adventures
  - Company Overview
  - Purpose of visit Portfolio
  - Recent Developments/Updates
- MakeMyTrip
  - Company Overview
  - Purpose of visit Portfolio
  - Recent Developments/Updates
- Yatra
  - Company Overview
  - Purpose of visit Portfolio
  - Recent Developments/Updates
- ClearTrip
  - Company Overview
  - Purpose of visit Portfolio
  - Recent Developments/Updates
- EasemyTrip
  - Company Overview
  - Purpose of visit Portfolio
  - Recent Developments/Updates
- Expedia
- Thomas Cook
- Riya Group
- Thrillophilia
- Travel Troops Global Private Ltd.
- Flying Squirrel Holidays
- SOTC Travel Limited
- G Adventures
- Hays Travel
- Audley Travel
- Go Travel
- TransIndus
- Travelex
- Al Tayer Group

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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