Leisure Travel Market 2020: Soaring Demand Assures Motivated Revenue Share by 2025 | Analysis by Booking, Expedia, Priceline, TripAdvisor, Ctrip.Com, Hostelworld, Trivago, MakeMyTrip, Alibaba
Overview of Global Leisure Travel Market:
The Global Leisure Travel Market is anticipated to attain substantial growth by the end of the forecast period (2020-2025). The Global Leisure Travel Market report explains that this business is predicted to register a noteworthy growth rate over the forecast period.
Significant key factors driving the growth of the Leisure Travel Market are increasing social media positively impacting the travel industry, pursuit of unique experience to augment the global tourism industry, and emergence and evolution of mobile applications, big data analytics, and artificial intelligence in tourism industry. Furthermore, outbound Leisure Travel Market growth has gained significant momentum owing to rise in disposable income, expansion of logistics & infrastructure, rigorous promotion & advertising of tourism by the governments.
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The Global Leisure Travel Market is segmented on the basis of Type, Application and Region. Based on the Type, the Global Leisure Travel Market is sub-segmented into 3 days, 3-7days, 7-14 days and others. On the basis of Application, the Global Leisure Travel Market is classified into Group Travel, Personal travel and others.
In terms of the geographic analysis, The Leisure Travel Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Leisure Travel Market ecosystem results in the increasing adoption of these systems in North America.
Global Leisure Travel Market Objectives:
1 To provide detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the Leisure Travel Market
2 To analyze and forecast the size of the Leisure Travel Market, in terms of value and volume
3 To analyze opportunities in the Leisure Travel Market for stakeholders and provide a competitive landscape of the market
4 To define, segment, and estimate the Leisure Travel Market based on deposit type and end-use industry
5 To strategically profile key players and comprehensively analyze their market shares and core competencies
6 To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
7 To forecast the size of market segments, in terms of value, with respect to main regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
8 To track and analyze competitive developments, such as new product developments, acquisitions, expansions, partnerships, and collaborations in the Leisure Travel Market
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Top Leading Key Manufacturers are: Priceline, TripAdvisor, Ctrip.Com International, Hostelworld, Hotel Urbano, Tourism, CheapOair.Com, Trivago, Thomas Cook, MakeMyTrip, AirGorilla, Hays Travel, Airbnb, Yatra Online, Alibaba, Tuniu, Booking and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Latest Business News:
Booking (February 27, 2020) - Travalyst Coalition Announces Development of New Sustainability Frameworks to Help Travelers Find Sustainable Travel and Tourism Options - Today the Travalyst coalition, a global partnership founded by The Duke of Sussex together with leading brands Booking.com, Skyscanner, Tripadvisor, Trip.com and Visa, announced the development of draft sustainability frameworks to serve as a cross-channel guide for scoring sustainability practices across the travel and tourism industry. The first three frameworks for accommodation, aviation and experiences are being developed building upon existing standards, with the goal of making them easier to understand for consumers and businesses, and implement and scale across the broadest possible range of travel service providers.
These frameworks will serve as the foundation for an eventual scoring system that would be recognizable by anyone booking holidays and trips across all platforms. The goal is to highlight travel providers with strong sustainability practices already in place and offer people an easy way to understand and identify more sustainable travel options that are kinder and less destructive to local communities, wildlife and environment, but also highlight options that provide positive benefit. The implementation of these frameworks will also act as encouragement for further industry-wide adoption through ongoing outreach, feedback and improvement. These and all future efforts of the Travalyst coalition are being undertaken with strategic guidance from a newly appointed independent advisory group of leading sustainability and travel experts. The initial draft frameworks are being presented for feedback in a series of local industry roundtables and workshops in Scotland at the end of this month.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Leisure Travel in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Leisure Travel Market Report 2020
1 Leisure Travel Product Definition
2 Global Leisure Travel Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Leisure Travel Shipments
2.2 Global Manufacturer Leisure Travel Business Revenue
2.3 Global Leisure Travel Market Overview
3 Manufacturer Leisure Travel Business Introduction
3.1 Expedia Leisure Travel Business Introduction
3.2 Priceline Leisure Travel Business Introduction
3.3 TripAdvisor Leisure Travel Business Introduction
3.4 Ctrip.Com International Leisure Travel Business Introduction
3.5 Hostelworld Leisure Travel Business Introduction
3.6 Hotel Urbano Leisure Travel Business Introduction
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