About Leisure Travel
Leisure travel industry is one that is working for enhancing travelling comfort and pleasure of the candidates. Numerous sub-industries functioning together for this resolution can be counted as transportation, lodging, reservations & packages for tours and other entertainment & recreation activities industries. New sectors such as adventure tourism, motor sports, and extreme events such as bungee jumping or sky diving are continuous developing and making this market more attractive. Increasing demand for travelling purpose due to rising disposable income and availability of the favorable discounts and packages in the market. As the market competition is at the edge, players are trying to gain market attention by providing extra facilities and discount packages.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Leisure Travel market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Expedia (United States), Priceline (United States), TripAdvisor (United States), Ctrip.Com International (China), Hostelworld (Ireland), Hotel Urbano (Brazil), CheapOair.Com (United States), Trivago (Germany), Thomas Cook (India), MakeMyTrip (India), AirGorilla (United States), Hays Travel (United Kingdom), Airbnb (United States) and Yatra Online (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Alibaba (China), Tuniu (China) and Booking.com (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Leisure Travel market by Type (3 days package, 3-7 days package and 7-14 days package), Application (Group Travel and Personal travel) and Region.
On the basis of geography, the market of Leisure Travel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Conventional Channels will boost the Leisure Travel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing fad of world tours and Large investments by players to make trips more comfortable for audience
Market Growth Drivers:
Attractive Enhancement in modes of transportation and Continuous Increment in count of travelers
Restraints:
Variations in government regulations and Increased volatility in currency exchange rate
Opportunities:
Increasing availability of Attractive facilities and discounts and Innovative promotional tools are available in market
Market Leaders and their expansionary development strategies
(August 15, 2021) – Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has entered into a definitive agreement to acquire Apple Leisure Group (ALG), a leading luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners, LLC. Acquisition accelerates asset-light transformation
In March 2023 , At ITB Berlin this week, Sabre has unveiled Sabre Vacations, a next-generation leisure travel solution. Developed with Peakwork, a technology leader in the leisure marketplace,
Key Target Audience
Tourism provider, Distributor or Consultancy firms, Stakeholders, End-user sectors and Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.