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Leisure Travel Market - Key Development by 2026

02-19-2020 03:12 PM CET | Fashion, Lifestyle, Trends

Press release from: Big Market Research

/ PR Agency: Big Market Research

According to a latest report by Big Market Research, the Leisure Travel Market industry size is projected to grow in the upcoming years. This research reveals distinguished approach about impactful factors directly or indirectly impacting the growth of the Leisure Travel market during the forecast period 2019-2026. The insights discussed in this report help the stakeholders in gaining a thorough idea about the growth trajectory of the market.

Leisure travel is a form of vacation that involves a number of activities ranging from visiting new location, staying in resorts or hotel, experiencing various tourist attractions to going to health clubs and more. People often opt for leisure travel to unwind and experience new cultures, and meet new people.

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Recent years have seen paradigm shift towards experience rather than goods. Spending on consumer durables, apparels have faltered; however, experiential spending on recreation, travel, and eating have seen rapid growth. As a result, travel is outpacing the demand for goods. The trend is in sync with growing number of global outbound tourists in the last few years. The robust growth is estimated to continue in future, driven primarily by the expansion of low-cost airlines, government initiatives, and technological advancements.

The leisure travel market has been segmented based on traveler type, sales channel, age group, and region. Based on traveler type, the leisure travel market is bifurcated into solo and group. Based on sales channel, the global market is studied across conventional channels, and online channels. The report also gives insights on leisure travel market by age group that includes baby boomers, generation X, Millennials, and Generation- Z. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the report includes Expedia Group, Priceline Group, Carlson Wagonlit Travel, JTB Americas Group, World Travel, Inc., American Express Travel, Travel Leaders Group, TUI Group., Thomas Cook (India) Limited and Cox & Kings Ltd.

KEY BENEFITS FOR STAKEHOLDERS
o This report provides a quantitative analysis of the current trends, estimations, and dynamics of the leisure travel market from 2018 to 2026 to identify the prevailing market opportunities.
o The key countries in all the major regions are mapped based on their market share.
o Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
o In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
o Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
o The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

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KEY MARKET SEGMENTS:
o By Region
o North America
U.S.
Canada
Mexico

o Europe
UK
France
Italy
Germany
Russia
Rest of Europe

o Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific

o LAMEA
Latin America
Middle East
Africa

The report clearly shows that the Leisure Travel industry has achieved remarkable progress since 2026 with numerous significant developments boosting the growth of the market. This report is prepared based on a detailed assessment of the industry by experts. To conclude, stakeholders, investors, product managers, marketing executives, and other experts in search of factual data on supply, demand, and future predictions would find the report valuable.

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