Outbound Tourism Market Growth Trends Analysis and Dynamic Demand, Forecast 2016 to 2030

Outbound Tourism Market to witness growth at a CAGR of 11.2% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 7.1% during the forecast period of 2018 to 2021.

Traveling abroad has numerous advantageous economic effects that extend beyond the travel and tourism sector. By boosting the economies of a variety of industries, including retail, healthcare, and education, outbound tourism can contribute to the improvement of the economies of many nations. These factors are causing the market to expand at a steady rate over the course of the forecast period.

Global Outbound Tourism Market - Market Trends
• The market is witnessing a boom owing to the decreasing rate of the aircrafts for travel and also owing to the easier visa facilities around the globe.
• Various countries offer on arrival visa and this factor is attracting a lot of tourism to those countries and this factor is estimated to boost the growth of the market during the forecast period.
• Apart from this, various countries are attracting tourists from all over the globe by indentifying various attractive schemes for the international tourists and this factor is also estimated to boost the growth of the market during the forecast period.

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Global Outbound Tourism Market - Segmentation
The global outbound tourism market is segmented based on purpose type, booking channel, tourist type, tourism type, tour type, consumer operation and by age group.

Based on the purpose type, the market is segmented into,
• Business
• Holiday/Leisure
• VFR & Others

Based on the booking channel type, the market is segmented into,
• Phone Booking
• Online Booking
• In Person Booking

Based on the tourist type, the market is segmented into,
• Domestic
• International

Based on the tourism type, the market is segmented into,
• Cultural & Heritage Tourism
• Medical Tourism
• Eco/Sustainable Tourism
• Sports Tourism
• Wellness Tourism & Others

Based on the tour type, the market is segmented into,
• Independent Traveller
• Package Traveller
• Tour Group

Based on the consumer type, the market is segmented into,
• Men
• Women

Based on the age group type, the market is segmented into,
• 15-25 Years
• 26-35 Years
• 36-45 Years
• 46-55 Years
• 66-75 Years

Global Outbound Tourism Market - Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.

Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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Global Outbound Tourism Market - Key Market players
Orbit, Thomas Cook, SOTC Kuoni, Raj Travels, In Orbit Tours, Cox and Kings, TCI, Kesari, Riya Travels, Travelmart India, BTI Sita, Akbar Travels, Mercury Travels, BCD Travels, Amadeus, Kesari, and Gold Chip are the major players that are boosting the growth of the market during the forecast period.

Frequently Asked Questions
• What is the current market value of the India outbound tourism market?
• What is the forecasted growth rate for the India outbound tourism market?
• What are the key trends driving the India outbound tourism market?
• Who are the leading players in the India outbound tourism market?
• Which is the most preferred location in the India outbound tourism market?

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