Travel and Tourism Spending Market Size- By Type, By Application, By Travel Days- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Description

Global Travel and Tourism Spending Market Overview

According to SPER Market Research, the Global Travel and Tourism Spending Market is estimated to reach USD 20.29 billion by 2032 with a CAGR of 15.75%.

Throughout the projected period, growth in the worldwide travel and tourist spending market is anticipated. Spending on travel and tourism affects how much is spent on transportation, boarding and accommodation, and souvenirs. The expenditure sector for travel and tourism also contributes to determining the employment rate in the travel and tourism industry. As airplane travel becomes more affordable, accessibility to several isolated yet stunning locations improves, and discretionary income increases, it is anticipated that the worldwide travel and tourist spending market would expand.

Travel and tourism are growing as a result of several fundamental developments, including rapid urbanization and an increase in disposable income. Given that travellers from all over the world are eager to experience diverse cultures, local landmarks, and local sites, cultural heritage is predicted to enhance the industry. This in turn is fuelling the market's expansion. The maintenance of a work-life balance and rejuvenation from a rigorous schedule are predicted to enhance growth for the global travel and tourism business. The desire of people to visit strange places and get new experiences will contribute to the growth of the travel and tourism expenditure sector in the upcoming years. Millennial travelers in particular are shown a significant interest in obtaining unique or once-in-a-lifetime experiences, which might improve business trends for travel and tourism spending.

Impact of COVID-19 on the Global Travel and Tourism Spending Market

One of the industries that has been most severely impacted by the COVID-19 outbreak is global travel and tourism spending. Lockdowns and other limitations on local and foreign travel have had a significant impact on those industries. The underlying reliance that countries had on domestic travel and other modes of transportation are what would mostly cause the predicted delayed recovery. Since that firms have shifted to the online mode, the impact on business travel will probably be more apparent than on pleasure travel.

Scope of the Report

Report Metric Details:

Market size available for years 2019-2032

Base year considered 2021

Forecast period 2022-2032

Segments covered By Type, By Application, By Travel Days

Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered Accor, Adris Grupa, Airbnb Inc., Balkan Holidays, Carnival Corporation, Crown Resorts, G Adventures, Hilton Worldwide Holdings, OYO Rooms, TUI Group

Global Travel and Tourism Spending Market Segmentation:

By Type: Based on the Type, Global Travel and Tourism Spending Market is segmented as; Domestic Expenditure, International Expenditure.

By Application: Based on the Application, Global Travel and Tourism Spending Market is segmented as; Business Travel, Leisure Travel, Others.

By Travel Days: Based on the Travel Days, Global Travel and Tourism Spending Market is segmented as; 7 Days, 7 - 15 Days, more than 15 Days.

By Region: It is anticipated that the increase in visitors visiting European nations like the UK, France, Germany, and others in recent years will spur growth in travel and tourism spending in this area. It is also possible to anticipate that increasing affordability and rising income will spur expansion in this area.

Product Code: TRAT2302

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 Premium insight from KOL's
2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Travel and Tourism Spending Market

5. Market variables and outlook

5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape

6.1 Global Travel and Tourism Spending Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Travel and Tourism Spending Market

7. Global Travel and Tourism Spending Market, By Type, 2019-2032 (USD Million)

7.1 Domestic Expenditure
7.2 International Expenditure

8. Global Travel and Tourism Spending Market, By Application, 2019-2032 (USD Million)

8.1 Business Travel
8.2 Leisure Travel
8.3 Others

9. Global Travel and Tourism Spending Market, By Travel Days, 2019-2032 (USD Million)

9.1 7 Days
9.2 7 - 15 Days
9.3 More than 15 Days

10. Global Travel and Tourism Spending Market, By Region, 2019-2032 (USD Million)

10.1 Global Seamless Pipes Market and Market Share by Region (2019-2025)
10.2 Global Seamless Pipes Market and Market Share by Region (2026-2032)
10.3 Asia-Pacific
- 10.3.1 Australia
- 10.3.2 China
- 10.3.3 India
- 10.3.4 Japan
- 10.3.5 South Korea
- 10.3.6 Rest of Asia-Pacific
10.4 Europe
- 10.4.1 France
- 10.4.2 Germany
- 10.4.3 Italy
- 10.4.4 Spain
- 10.4.5 United Kingdom
- 10.4.6 Rest of Europe
10.5 Middle East and Africa
- 10.5.1 Kingdom of Saudi Arabia
- 10.5.2 United Arab Emirates
- 10.5.3 Rest of Middle East & Africa
10.6 North America
- 10.6.1 Canada
- 10.6.2 Mexico
- 10.6.3 United States
10.7 Latin America
- 10.7.1 Argentina
- 10.7.2 Brazil
- 10.7.3 Rest of Latin America

11. Company Profiles

11.1 Accor
- 11.1.1 Company details
- 11.1.2 Financial outlook
- 11.1.3 Product summary
- 11.1.4 Recent developments
11.2 Adris Grupa
- 11.2.1 Company details
- 11.2.2 Financial outlook
- 11.2.3 Product summary
- 11.2.4 Recent developments
11.3 Airbnb Inc.
- 11.3.1 Company details
- 11.3.2 Financial outlook
- 11.3.3 Product summary
- 11.3.4 Recent developments
11.4 Balkan Holidays
- 11.4.1 Company details
- 11.4.2 Financial outlook
- 11.4.3 Product summary
- 11.4.4 Recent developments
11.5 Carnival Corporation
- 11.5.1 Company details
- 11.5.2 Financial outlook
- 11.5.3 Product summary
- 11.5.4 Recent developments
11.6 Crown Resorts
- 11.6.1 Company details
- 11.6.2 Financial outlook
- 11.6.3 Product summary
- 11.6.4 Recent developments
11.7 G Adventures
- 11.7.1 Company details
- 11.7.2 Financial outlook
- 11.7.3 Product summary
- 11.7.4 Recent developments
11.8 Hilton Worldwide Holdings
- 11.8.1 Company details
- 11.8.2 Financial outlook
- 11.8.3 Product summary
- 11.8.4 Recent developments
11.9 OYO Rooms
- 11.9.1 Company details
- 11.9.2 Financial outlook
- 11.9.3 Product summary
- 11.9.4 Recent developments
11.10 TUI Group
- 11.10.1 Company details
- 11.10.2 Financial outlook
- 11.10.3 Product summary
- 11.10.4 Recent developments