Tourism Event Market Share, Trends & Forecast by 2033

The new report published by The Business Research Company, titled ""Tourism Event Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the tourism event market size has grown strongly in recent years. It will grow from $1627.39 billion in 2023 to $1709.7 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The tourism event market size is expected to see steady growth in the next few years. It will grow to $2009.03 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=13745&type=smp

Government Investment Powering Growth In The Tourism Event Market
The increasing government investment is expected to fuel the growth of the tourism event market going forward. Government investment refers to the allocation of funds by the government into various sectors, projects, or initiatives aimed at stimulating economic growth, improving infrastructure, fostering development, providing public services, or supporting specific industries. Government investment significantly influences the expansion rate of tourism events, and by allocating funds towards infrastructure development, promotional initiatives, and cultural enrichment, governments bolster the foundations necessary for hosting successful events, enhancing tourism experiences, and elevating local economies. For instance, in March 2023, the Government of British Columbia, a Victoria-based governing body responsible for administering the province's policies and programs, invested in the Tourism Events Program (TEP), offering funding up to 10% of the event budget (maximum $250,000, minimum $10,000). Eligibility requires a minimum event budget of $100,000 to promote events, attract tourism, and stimulate economic growth by showcasing regional attractions and fostering community resilience. Furthermore, in May 2022, the U.S. Economic Development Administration (EDA), a US-based federal agency within the United States Department of Commerce, allocated $510 million for state investments in travel projects and an extra $240 million for communities hit hard by challenges in travel, tourism, and outdoor recreation. Therefore, increasing government investment will drive the growth of the tourism event market.

Advancements In Tourism Events Market With Digitally Enhanced Event Apps
Major companies in the tourism events market are focused on developing digitally advanced event planning products, such as event apps, to ensure meticulous organization and coordination in orchestrating events within the tourism or hospitality industries. An event app solution is a software application designed to optimize event planning, organization, and participant experience through features like scheduling, registration, and real-time engagement tools. For instance, in November 2023, Simpleview, a US-based leading CRM, CMS, website design, and digital marketing software provider, launched the Eventsforce mobile app. The Eventsforce mobile app offers a cost-effective solution for tourism event organizations seeking to boost attendee engagement with gamification and engagement features. The app is designed to benefit event attendees, exhibitors, sponsors, organizers, and everyone in between by offering intuitive and easy-to-use features, integration with all major AMS/CRM (Association Management Software/Customer Relationship Management) and event management systems, mobile and desktop access, advanced QR code scanning features, and the capability to boost attendee engagement with gamification and engagement features.

The tourism event market covered in this report is segmented -

1) By Event Type: Cultural Or Festival Event Tourism Fair, Sports Event Tourism, Business Events, Music And Entertainment Events, Spiritual And Religious Tourism, Travel Trade Shows
2) By Revenue Source: On-Line Registration, Off-Line Registration, Sponsorship, Other Revenue Sources
3) By Channel: Virtual Channel, Physical Channel
4) By Organization Size: Corporations, Associations, Government Agencies, Non-Profit Organizations

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=13745&type=discount

Major companies operating in the tourism event market report are TUI Group, Live Nation Worldwide Inc., Carnival Corporation & plc, Reed Exhibitions, Royal Caribbean Cruises Ltd., CWT Global B.V., Airbnb Inc., BCD Group International BV, Informa Markets, American Express Global Business Travel, ATPI Ltd., GL Events, Maritz Holdings LLC, Messe Frankfurt, Cvent Holding Corp., Emerald Expositions, Kuoni Group, Eventbrite Inc, ITE Group, Comexposium, Cox & Kings Ltd., Tarsus Group, Riviera Events, Wizcraft Entertainment, Event Planet , Disney Destinations LLC, TicketWeb

Contents of the report:
1. Executive Summary
2. Tourism Event Market Report Structure
3. Tourism Event Market Trends And Strategies
4. Tourism Event Market - Macro Economic Scenario
5. Tourism Event Market Size And Growth
…..
27. Tourism Event Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/tourism-event-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.