Global Student Travel Market Overview:
Student travel helps student in adapting new environment while still maintaining work. It teaches new ways of learning, and maybe even new languages. Studying abroad shows employers that it take an initiative to learn, and can handle being in vastly different and potentially chaotic environments. Various factors like growing industrial tours for student, adapting new environment, going for workshops or competition are the driving factors for the student travel market. While the situation of current scenario like lockdown due to noble coronavirus is hampering the traveling market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Demand from Industrial Tour for Students Across the World
Market Growth Drivers:
Growing Worldwide Travel & Tourism Sector and Growing Demand for Managed Services by Schools
Challenges:
The Downfall of Travel & Tourism Sector at Current Situation Due to Reduced Demand for Travel is one of the Major Challenge for the Market
Restraints:
The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the School have been Facing Crisis Across the World
Opportunities:
Increased Government Spending On School Traveling
Competitive Landscape:
The vendors in this market are majorly focusing on providing innovative services in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as different markets have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are Brightspark Travel (United States), Education First (United States), Globus Student Discoveries (United States), Straight A Tours (United States), WorldStrides (United States), ACIS (United States), Student Universe (United States), Ellison Travel & Tours (Canada), Key Travel (United Kingdom) and STA Travel (Australia). Analyst at AMA Research see United States Vendors to retain maximum share of Global Student Travel market by 2030. Considering Market by Destination, the sub-segment i.e. Domestic will boost the Student Travel market. Considering Market by End User, the sub-segment i.e. Primary School Students will boost the Student Travel market.
Stringent Worldwide Government Regulations Regarding Shutting Down Cities Across Different Countries of the World to Avoid the Spread of COVID-19
What Can be Explored with the Student Travel Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Student Travel Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Student Travel
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Student Travel market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Student Travel market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, School or Education Hub, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.