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Beach Tour Market Size & Share Surpass $357 Billion 2032, Evolving at a CAGR 5.3% from 2023 to 2032

12-09-2023 02:07 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Beach Tour Market Size & Share Surpass $357 Billion 2032,

According to the report, the global Beach Tour market generated $214.3 Billion in 2022 and is anticipated to generate $357 Billion by 2032, witnessing a CAGR of 5.3 % from 2023 to 2032.

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A beach tour entails a leisurely exploration of coastal regions characterized by sandy shorelines, breathtaking ocean vistas, and a wealth of engaging pastimes. This type of journey typically encompasses visits to various beach locales along the shoreline, offering opportunities for relaxation, swimming, sunbathing, and engaging in water-based activities such as surfing or snorkeling. Beach tours often encompass the discovery of nearby attractions, such as beachside towns, local markets, or natural landmarks.

Prime determinants of growth

The global beach tour market is experiencing growth due to a surge in demand for experiential travel, rise in adventure tourism, and surge in Interest in sustainable tourism. However, seasonality, weather dependence, environmental vulnerability, and climate change restrain market growth to some extent. Nevertheless, untapped emerging markets are expected to provide remunerative growth opportunities in the upcoming years.

The accommodation segment to maintain its leadership status throughout the forecast period

Based on Service Type, the accommodation segment held the highest market share in 2023, accounting for more than one-third of the global beach tour market revenue and is estimated to maintain its leadership status throughout the forecast period. The rise in demand for unique and experiential accommodation is a significant driver. However, the activities segment is projected to manifest the highest CAGR of 6.3% from 2023 to 2032.

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The group segment to maintain its leadership status throughout the forecast period

Based on travelers, the group segment held the highest market share in 2022, accounting for more than three-fourths of the global beach tour market revenue and is estimated to maintain its leadership status throughout the forecast period. There is an increase in trend of multi-generational group travel, with families and extended families opting for beach vacations together. The desire for shared experiences, bonding, and creating lasting memories drives the growth of this segment. Additionally, the solo segment is projected to manifest the highest CAGR of 5.9% from 2023 to 2032.

The premium segment to maintain its leadership status throughout the forecast period.

Based on the budget, the premium segment held the highest market share in 2022, accounting for nearly three-fifths of the global beach tour market revenue and is estimated to maintain its leadership status throughout the forecast period. The increase in affluence and disposable income of travelers have contributed to the growth of the premium segment, as more individuals seek luxurious and exclusive experiences. Additionally, the Standard segment is projected to manifest the highest CAGR of 6.3% from 2023 to 2032.

Europe garnered the major share in 2022

Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for around one-third of the global beach tour market revenue. The increase in popularity of experiential travel and the demand for unique beach experiences have driven the growth of Europe's beach destinations.

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In addition, the Asia-Pacific region is also expected to witness the fastest CAGR of 6.4% from 2023 to 2032 and is likely to dominate the market during the forecast period. Rise in middle class and increase in disposable income have fueled the growth of domestic and international tourism to Asia-Pacific's beach destinations.

Market Key players:

Some of the key players in the beach tour market include TUI Group, Expedia Group, Inc., TripAdvisor, Inc., Thomas Cook, Booking.com B.V., Airbnb, Inc., Cox & Kings Ltd, apple leisure group, Kuoni travel group, and On The Beach Group.

Country Reports We Have in this Industry:

Canada Beach Tour Market https://www.alliedmarketresearch.com/canada-beach-tour-market-A236523

Mexico Beach Tour Market https://www.alliedmarketresearch.com/mexico-beach-tour-market-A236524

Europe Beach Tour Market https://www.alliedmarketresearch.com/europe-beach-tour-market-A236525

Germany Beach Tour Market https://www.alliedmarketresearch.com/germany-beach-tour-market-A236526

UK Beach Tour Market https://www.alliedmarketresearch.com/uk-beach-tour-market-A236527

Similar Reports:

Business Travel Market https://www.alliedmarketresearch.com/business-travel-market

Luxury Travel Market https://www.alliedmarketresearch.com/luxury-travel-market

Sports Tourism Market https://alliedmarketresearch.com/sports-tourism-market-A13076

Enotourism Market https://www.alliedmarketresearch.com/enotourism-market-A13687

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry

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