Global Halal Tourism Market Size is Expected to Reach US$ 341.4 Billion by 2030

Halal Tourism Market: Market Introduction

Reports and Insights deliver key insights on the global halal tourism market. In terms of revenue, the total value of the global Halal Tourism Market is slated to reach US$ 341.4 Bn by 2030, owing to numerous factors, regarding which Reports and Insights offer thorough insights and forecasts in its report on the global halal tourism market.

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Halal tourism refers to travel activities that are designed to cater to the needs of Muslim travelers who follow the principles and guidelines of Islamic law, known as Shariah. This includes providing services that are permissible, or "halal," for Muslims, such as food that is prepared according to halal standards, accommodations that are gender-segregated, and prayer facilities that face the direction of Mecca (Qibla).

In recent years, halal tourism has become an increasingly popular niche within the travel industry, as more and more Muslims around the world are seeking travel experiences that are in line with their religious beliefs and values.

Market Report Outlook:

This report on the global halal tourism market aims to discuss market dynamics, including market drivers, potential threats and challenges to the market, global halal tourism market opportunities for the major players, global halal tourism market trends, market segmentation outlook, regional outlook, global halal tourism market size, market forecast, market share, as well as the major players operating in the global halal tourism market.

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Halal Tourism Market: Dynamics

There is a growing awareness among Muslim travelers about the availability of halal tourism services, as well as the importance of adhering to Islamic principles while traveling. This has led to a rise in demand for halal-certified hotels, restaurants, and other travel-related services. Further, the growing middle class in Muslim-majority countries has led to a rise in disposable incomes, which has resulted in more Muslims being able to afford international travel.

Halal Tourism Market: Regional Outlook

North America, Latin America, Europe, China, Asia Pacific, the Middle East, and Africa are a few of the key regional areas to understand the global expansion of the market for halal tourism market.

Middle East and South East Asia regions continue to dominate in the ranking of Muslim-friendly destinations. Muslim travelers today are more eager to explore as their travel style has evolved significantly. Millennial Muslims enjoy exploring new places and taking advantage of opportunities to explore the Western world.

Malaysia continues to maintain its top position in South Asia region. Malaysia is a predominantly Muslim country, with Muslims making up approximately 61% of the population. This, coupled with the country's reputation as a halal tourism destination, has contributed to the growth of the halal travel market in Malaysia. According to a recent research reports, Malaysia is one of the top destinations for Muslim travelers globally, ranking 4th in the 2019 Global Muslim Travel Index.

In recent years, the Malaysian government has been actively promoting halal tourism and investing in the development of halal-friendly infrastructure and services to attract Muslim travelers. In 2014, the government launched a Halal Tourism Blueprint to make Malaysia a leading destination for Muslim travelers. The blueprint includes initiatives such as developing halal-certified tourism products, promoting Malaysia as a Muslim-friendly destination, and collaborating with industry partners to enhance the halal tourism experience.

Indonesia ranked 2nd in the 2019 Global Muslim Travel Index, with an estimated 21.3 million Muslim visitors and a Muslim travel market worth approximately USD 18.5 billion in 2018. This indicates the significant size and potential of the halal tourism market in Indonesia. The Indonesian government has launched several initiatives to develop the halal tourism industry in the country. One such initiative is the "10 New Balis" program, which aims to develop ten tourist destinations outside Bali that are attractive to Muslim travelers. These destinations will offer halal-certified food and prayer facilities, as well as other services that cater to the needs of Muslim travelers.

Halal Tourism Market: Key Players

Some of the major players in the market includes are halaltours.org, Carisa Travel Group, Rooh Travel Limited, HalalBooking Ltd., Dintravel, Best Halal Trip, Muslim Travelers, Islamic Trave, HalalTrip, Serendipity Tailormade, Halal safaris, Globerry Ltd., Dreamcation Cruises and Tours, and CrescentRating amongst others.

Recent Developments by Key Players:

In 2020, Globerry Ltd launched its online travel agency, HalalTravels.com, serving Muslim travelers worldwide by offering instant booking for many travel services including resorts, villas, airport transfer, halal friendly resorts and villas.

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Halal Tourism Market: Segmentation Outlook

Data for growth projections and estimates are included in this study for the Traveler Type segment {Muslim Travelers, Muslim Travel, Muslim Tourism and Halal-Conscious Travelers}; for the Tour Type segment (Independent and Group Traveler); for the Age Segment {Ages 18-24, Ages 25-34, Ages 35-49, Ages 50-60 and Ages 60+} for the Destination Type segment {International and Domestic} for the Booking Channel segment {Online Bookings and Offline Bookings}. The halal tourism market forecast period is 2022 to 2030.

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This release was published on openPR.