Press release
Domestic Tourism Market Insights : Harnessing CAGR and USD Data for Effective Planning
Increase in trend of online bookings, inclination toward unique and exotic holiday experiences, and rise in social media influence and its positive impact on the travel industry drive the growth of the global domestic tourism market. However, insufficient supportive infrastructure hindered market expansion. On the other hand, demand for enhanced service standards and emergence of eco-friendly tourism present new opportunities in the coming years.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ@ https://www.alliedmarketresearch.com/request-sample/13398
Based on location, the interstate travel segment held the highest share in 2020, contributing to around three-fourths of the total share, and is estimated to maintain its leadership status during the forecast period. However, the local or regional travel segment is expected to manifest the highest CAGR of 16.4% from 2021 to 2030.
Based on mode of booking, the OTA segment contributed to the largest share in 2020, accounting for nearly three-fifths of the global domestic tourism market, and is projected to continue its lead in terms of revenue during the forecast period. However, the direct booking segment is expected to portray the fastest CAGR of 15.2% from 2021 to 2030.
Based on region, Asia-Pacific accounted for the highest share in 2020, holding more than two-fifths of the total share, and is expected to continue its dominance by 2030. However, LAMEA is estimated to portray the fastest CAGR of 15.7% during the forecast period.
Key Benefits For Stakeholders
The report provides a quantitative analysis of the current trends, estimations, and dynamics of the market size from 2020-2030 to identify the prevailing opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis and the market size and segmentation assist to determine the prevailing market opportunities.
The major countries in each region are mapped according to their revenue contribution to the domestic tourism market.
The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the domestic tourism industry.
๐๐๐ก๐๐๐ฎ๐ฅ๐ ๐ ๐ ๐๐๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐ฅ๐ฅ ๐ฐ๐ข๐ญ๐ก ๐๐ฎ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ๐ฌ/๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฑ๐ฉ๐๐ซ๐ญ๐ฌ ๐ญ๐จ ๐ ๐ข๐ง๐ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐๐จ๐ซ ๐๐จ๐ฎ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ @ https://www.alliedmarketresearch.com/purchase-enquiry/13398
Key Findings Of The Study
The domestic tourism market share was valued at $1,226.7 billion in 2020, and is estimated to reach $6,738.5 billion by 2030, registering a CAGR of 13.4% from 2021 to 2030.
In 2020, depending on location, the interstate travel segment accounted for $930.9 billion, garnering 75.92% of the global domestic tourism market.
On the basis of mode of booking, the direct booking segment acquired $930.9 billion, exhibiting 43.28% of the global market share.
In 2020, by age group, the below 30 years segment was valued at $338.2 billion, accounting for 27.57% of the market share.
China was the most prominent market in Asia-Pacific in 2020, and is projected to reach $1,040.0 billion by 2030, growing at a CAGR of 11.1% during the forecast period.
Leading players of the global domestic tourism market analyzed in the research include
Abercrombie & Kent USA LLC
Cox & Kings Ltd.
Butterfield & Robinson
Micato Safari
Kensington Tours
Tauck, Inc.
Thomas Cook India Ltd.
Scott Dunn Ltd.
TUI Group
Travcoa Corporation
Carlson Wagonlit Travel
American Express Travel
JTB Americas, Ltd.
Expedia Group, Inc.
Travel Leaders Group
World Travel, Inc.
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ https://www.alliedmarketresearch.com/domestic-tourism-market-A13033
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐จ๐จ๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐๐๐๐ฒ ๐๐๐๐ข๐๐ข๐๐ซ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/baby-pacifier-market
๐๐จ๐ฆ๐ ๐๐๐๐ข๐๐ ๐ ๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/home-office-furniture-market-A12536
๐.๐. ๐๐จ๐ฆ๐ ๐๐๐๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/us-home-decor-market-A06775
๐๐จ๐ฆ๐ ๐๐๐ญ๐๐ซ ๐ ๐ข๐ฅ๐ญ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ข๐ญ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/home-water-filtration-unit-market-A16886
๐๐จ๐ฆ๐ ๐๐๐ก๐๐๐ข๐ฅ๐ข๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/home-rehabilitation-products-market-A16857
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