Domestic Tourism Market to Hit USD 1840.67 Billion by 2028, Growing at 15.85% CAGR: TechSci Research

TechSci Research's report, "Global Domestic Tourism Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F," highlights the significant impact of economic, technological, cultural, and environmental factors on the global tourism industry. Central to this industry is domestic tourism, where residents travel within their own country for various purposes. Recent years have witnessed remarkable growth and transformation in the domestic tourism market due to shifting trends, changing consumer preferences, and evolving economic landscapes. This article explores the diverse nature of domestic tourism, examining its trends, influencing factors, and broader impacts.

Tourism, a dynamic and multifaceted industry, plays a pivotal role in a country's economy and cultural exchange. Among its key segments is domestic tourism, involving residents traveling within their own nation for leisure, business, or other purposes. The global domestic tourism market is shaped by a variety of drivers, including economic factors, technological advancements, sociocultural shifts, and government policies, collectively contributing to its ongoing evolution.

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Modern travelers prioritize immersive experiences that immerse them in local cultures, heritage, and lifestyles, making experiential travel a dominant trend in domestic tourism. Seeking authentic encounters with local communities, traditions, and cuisines, travelers move away from standardized itineraries. With a growing awareness of the environmental and social impact of travel, consumers favor eco-friendly and responsible tourism options, leading to the rise of eco-tourism, agro-tourism, and community-based initiatives that encourage responsible engagement with surroundings.

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A nation's economic condition greatly influences domestic tourism. Disposable income, employment rates, inflation, and overall economic stability are key factors affecting individuals' ability to afford and prioritize travel. The quality of transportation infrastructure, encompassing roads, railways, and airports, directly impacts travel convenience within the country. Improved accessibility to remote and less explored destinations can spur tourism growth in those
regions.

Unlock Essential Insights: Discover the Key Takeaways for Actionable Information!
• Domestic Tourism Market is expected to grow at a CAGR of 15.85% during the forecast Period.
• Domestic Tourism Market has a valuation of US$ 1840.67 Billion as of 2022.
• North- America currently holds the title of the largest market for domestic tourism.
• Online sales channels provide a diverse array of options, allowing customers to explore and compare various domestic tourism.
• Domestic Tourism Market is witnessing a remarkable surge in demand from online sales channels.
• In terms of type, the cages segment claims the top spot in Domestic Tourism Market share.
• Focusing on the price range, the premium segment secures the highest market share in the Domestic Tourism Market.

Competitive Landscape
Tech Sci Research's Domestic Tourism Market report, based on provided market data, offers customizable options tailored to meet specific company requirements. Customization options for the report include:

Recent Developments
• In 2023, Expedia introduced a new feature powered by ChatGPT to assist with travel planning, utilizing artificial intelligence technology. The feature is presently undergoing beta testing.
• Also in 2023, Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman, unveiled the 'Dekho Apna Desh' initiative, echoing the Prime Minister's call for the middle class to prioritize domestic tourism over international travel. Additionally, the 'Swadesh Darshan Scheme' was launched to foster the integrated development of theme-based tourist circuits. Approximately 50 destinations will be identified and developed as comprehensive tourism packages.

Major companies operating in Global Domestic Tourism
Market are:
Abercrombie & Kent USA LLC, Expedia Group, Cox and Kings Ltd., Kensington Tours, Micato Safari, Scott Dunn Ltd., Tauck, Inc., Thomas Cook India Ltd., La Vacanza Travel, Butterfield & Robinson

Market Segmentation for Domestic Tourism Market
• Domestic Tourism Market, By Tour Type:
o Adventure
o Spiritual/Cultural
o Sports
o Weekend Getaways
o Others
• Domestic Tourism Market, By Tourism Type:
o Local Travel
o Interstate Travel
• Domestic Tourism Market, By Mode Of Booking:
o Online
o Offline
• Domestic Tourism Market, By Region:
o North America
 United States
 Canada
 Mexico
o Europe
 France
 United Kingdom
 Italy
 Germany
 Spain
o Asia-Pacific
 China
 India
 Japan
 Australia
 South Korea
o South America
 Brazil
 Argentina
 Colombia
o Middle East & Africa
 South Africa
 Saudi Arabia
 UAE
 Turkey

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Table of Content
1. Introduction
1.1. Service Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customers
4.1. Brand Awareness
4.2. Factors Influencing Service Availing Decisions
4.3. Challenges Faced
5. Global Domestic Tourism Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Tour Type Market Share Analysis (Adventure, Spiritual/Cultural, Sports, Weekend Getaways, Others)
5.2.2. By Tourism Type Industry Market Share Analysis (Local Travel, Interstate Travel)
5.2.3. By Mode Of Booking Market Share Analysis (Online, Offline)
5.2.4. By Regional Market Share Analysis
5.2.4.1. North America Market Share Analysis
5.2.4.2. South America Market Share Analysis
5.2.4.3. Middle East & Africa Market Share Analysis
5.2.4.4. Europe Market Share Analysis
5.2.4.5. Asia-Pacific Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Domestic Tourism Market Mapping & Opportunity Assessment
5.3.1. By Tour Type Market Mapping & Opportunity Assessment
5.3.2. By Tourism Type Industry Market Mapping & Opportunity Assessment
5.3.3. By Mode Of Booking Industry Market Mapping & Opportunity Assessment
6. North America Domestic Tourism Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Tour Type Market Share Analysis
6.2.2. By Tourism Type Industry Market Share Analysis
6.2.3. By Mode Of Booking Market Share Analysis
6.2.4. By Country Market Share Analysis
6.2.4.1. United States Domestic Tourism Market Outlook
6.2.4.1.1. Market Size & Forecast
6.2.4.1.1.1. By Value
6.2.4.1.2. Market Share & Forecast
6.2.4.1.2.1. By Tour Type Market Share Analysis
6.2.4.1.2.2. By Tourism Type Industry Market Share Analysis
6.2.4.1.2.3. By Mode Of Booking Market Share Analysis
6.2.4.2. Canada Domestic Tourism Market Outlook
6.2.4.2.1. Market Size & Forecast
6.2.4.2.1.1. By Value
6.2.4.2.2. Market Share & Forecast
6.2.4.2.2.1. By Tour Type Market Share Analysis
6.2.4.2.2.2. By Tourism Type Industry Market Share Analysis
6.2.4.2.2.3. By Mode Of Booking Market Share Analysis
6.2.4.3. Mexico Domestic Tourism Market Outlook
6.2.4.3.1. Market Size & Forecast
6.2.4.3.1.1. By Value
6.2.4.3.2. Market Share & Forecast
6.2.4.3.2.1. By Tour Type Market Share Analysis
6.2.4.3.2.2. By Tourism Type Industry Market Share Analysis
6.2.4.3.2.3. By Mode Of Booking Market Share Analysis

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TechSci Research is a management consulting firm centered on research, offering global market research and advisory solutions across various industries. The core principles guiding TechSci Research are value, integrity, and insight. With a team of dynamic industry experts at the helm, TechSci Research delivers high-value market research and advisory services to clients worldwide. These services aid in identifying new market opportunities, growth strategies, and innovative approaches to secure market share. Consequently, TechSci's clients are positioned as leaders, pioneering market trends rather than merely following them.

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