Family Travel Market Trends, Opportunities, Travel Destination, Consumer Interest, Need of Research and Analysis, Catalyst of Travel Industry & this Segment is Set to Boom

The “Family Travel Market” is Poised for Significant Growth According to Analytical Research Cognizance. Travel Agents to Tour Operators and Hotels to Tourist Boards, Revealed that this Segment is set to Boom, Largely Led by Consumer Interest in Spending Quality Time Traveling Together as a Family.

Summary:

"Key Trends in Family Travel", Report Provides in-depth analysis of the key family travel markets globally and the trends that are shaping the future of this niche. Detailed commentary is provided on who is going where and why, and how companies can tap into this to better meet their customers' needs.

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With hectic schedules, it has become difficult for families to spend quality time together and bond. Moreover, with growing disposable income and a maturing consumer market, families are looking for experiences rather than tangible possessions. Therefore, family travel has immense potential for travel players to offer their services and boost revenues. Globally, family outbound trips reached 300.5 million in 2017.

Scope of Report:

Saudi Arabians’ family travel comprised 73% of their total outbound trips, followed by China (53%) and New Zealand (48%).
Argentinian family travel accounted for only 6% of total outbound trips in 2017.
Argentinians value family, but prefer to travel abroad either solo or in couples to limit household spending due to the depreciation of the Argentine peso against the major currencies such as the US dollar, Brazilian real, and the euro.
According to Global Data’s consumer survey, parents are likely to favor sun and beach (54%) holidays in the coming year, followed by visiting friends or family (34%) and city breaks (28%).
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Reason to Buy:

Gauge which are the biggest and most promising outbound tourist markets for family travel
Understand the demand-side dynamics within the industry to identify key trends and growth opportunities
Direct promotional efforts on the most promising markets by learning from existing successes and our recommendations.
Companies Mentioned:

Shangri-La Hotels and Resorts
Linblad Expeditions
National Geographic
Acqualina
Discover Corps
Cox & Kings
Table of Content:

Overview:
What is Family Travel?
Family Travel Flows
Insight into Family Travelers

Trends and Opportunities:
Trends in Family Travel
In Action: Industry Responses to the Rise of Family Travel

Outlook:
What is the Way Forward?

Appendix:
References
Terminology and Definitions
About Global Data

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