Global Travel and Tourism Market by Travel Types, Travel Days, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The global travel and tourism market is projected to expand at a substantial CAGR during the forecast period. This growth is attributed to the surging disposable income, rising per capita income in developing countries, and to maintain a work-life balance.

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Travel and Tourism is the act of travelling to various locations, either for pleasure or for business or for any other personal purposes. It can be domestic, overseas, short-distance or long-distance one. It could also be either one way or both ways and purposes could be many. The global travel and tourism market could observe growth in the years to come due to a rise in its demand for many reasons. There are several packages and offers provided by the key market players which attract the travelers.

Market Trends, Drivers, Restraints, and Opportunities:

• Rapid urbanization, and surge in disposable income are some of the key trends fueling the growth of the travel and tourism
• Cultural heritage is expected to strengthen the market as trotters across the world are keen on experiencing a different culture, local monuments, and local places. This, in turn, is driving the growth for the market.
• Rejuvenation from hectic schedule and maintenance of work life balance is anticipated to boost growth for global travel & Tourism market.
• Factors such as visa regulations, political situations, natural, disasters, diseases such as swine flu, Ebola, COVID 19 are expected to hinder the market growth.
• Globally, the infrastructural development is rising which going to foster the growth of the market during the forecast period.

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Competitive Landscape:

Major companies in the global travel and tourism market include TUI Group, Hilton Worldwide Holdings Inc., Carnival Corporation & plc, Airbnb Inc., Crown Resorts Ltd., Accor plc, Balkan Holidays Ltd., G Adventures, Adris Grupa d.d. and OYO Rooms.

The global travel and tourism market has been segmented on the basis of

Travel Types

• Leisure Spending
• Business Spending

Travel Days

• Within 7 Days
• 7–15 Days
• More than 15 Days

Applications

• Domestic Spending
• International Spending

Regions

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• Latin America

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Table of Contents

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Travel and Tourism Market Overview
5. Global Travel and Tourism Market Analysis and Forecast by Type
6. Global Travel and Tourism Market Analysis and Forecast by Application
7. Global Travel and Tourism Market Analysis and Forecast by Sales Channel
8. Global Travel and Tourism Market Analysis and Forecast by Region
9. North Travel and Tourism Market Analysis and Forecast
10. Latin Travel and Tourism Market Analysis and Forecast
11. Europe Travel and Tourism Market Analysis and Forecast
12. Asia Pacific Travel and Tourism Market Analysis and Forecast
13. Middle East & Africa Travel and Tourism Market Analysis and Forecast
14. Competition Landscape

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