Press release
Global Educational Tourism Market Overview and Forecast 2024
Educational Tourism Market Overview
The new report published by The Business Research Company, titled Educational Tourism 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 educational tourism market size has grown rapidly in recent years. It will grow from $341.46 billion in 2023 to $382.90 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The educational tourism market size is expected to see rapid growth in the next few years. It will grow to $607.45 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%.
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What Is Driving The Growth Of The Global Educational Tourism Market?
Global Surge In Educational Mobility Driving Market Growth
The growing demand for international education is expected to propel the growth of the educational tourism market going forward. The growing demand for international education is attributed to globalization, enhanced career opportunities, higher quality education, cultural exchange, the availability of specialized programs, and economic growth in emerging markets. International education promotes educational tourism by attracting students and educators to travel abroad for academic programs, cultural experiences, and research opportunities, thereby fostering global understanding and cultural exchange. For instance, in November 2023, the Institute of International Education (IIE), a US-based non-profit organization, reported that more than 1 million international students registered in higher education institutions during the 2022-2023 academic year, a 12% increase compared to the previous academic year. Therefore, the growing demand for international education is driving the growth of the educational tourism market.
What Is The Key Trend In The Global Educational Tourism Market?
Innovative Technologies Transforming Educational Tourism
Major companies operating in the educational tourism market are developing virtual classroom platforms to provide students and educators with access to international educational experiences without the need for physical travel. Virtual classroom platforms facilitate live interactions, collaborative projects, and access to diverse educational content, making it easier to engage with different cultures and educational systems without the need for physical travel. For instance, in June 2022, Avantis Education, a UK-based e-learning company, launched Eduverse, a virtual classroom platform designed for students to revolutionize remote learning experiences. Eduverse integrates advanced AI-driven personalized learning paths, real-time collaboration tools, and immersive 3D environments to enhance student engagement and educational outcomes. This platform enables educators to conduct interactive classes, virtual field trips, and hands-on experiments remotely, providing students with a flexible platform to interact with each other as avatars, all in a secure and controlled environment, inside and outside of the classroom.
How Is The Global Educational Tourism Market Segmented?
The educational tourism market covered in this report is segmented -
1) By Education Type: Primary, Secondary, College, Post Graduate
2) By Age Group: Less Than 12 Years, 13-18 Years, 19-25 Years, 26-40 Years, 41-55 Years
3) By Occupation Type: Students, Scholar, Teachers, Government Officials, Corporation Managers, Enterprise Owners, Workers, Other Occupations
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How Is The Competitive Landscape Of The Global Educational Tourism Market?
Major companies operating in the educational tourism market are EF Education First, CIEE Council on International Educational Exchange, Brightspark Travel Inc., Contiki (US) Holdings Inc., Key Travel Limited, American Institute For Foreign Study, Road Scholar, ACIS Educational Tours, Ellison Travel &Tours Ltd., GVI Company, Academic Programs International, Cultural Vistas, WEP International, Capital Tours Inc., Stratix Consultants, Straight A Tours, Global Volunteers, Go Eco, Futures Abroad, GoIreland, IQ Education Consultants, M.K.H Consultancy Services, Meridean Overseas, Qadri International Education Consultancy, AAI Edutourz Pvt Ltd.
Contents Of The Global Educational Tourism Market
1. Executive Summary
2. Educational Tourism Market Report Structure
3. Educational Tourism Market Trends And Strategies
4. Educational Tourism Market - Macro Economic Scenario
5. Educational Tourism Market Size And Growth
…..
27. Educational Tourism Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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