Press release
Primary Catalyst Driving Customized Travel Market Evolution in 2025: Rise Of Millennial Travelers Is Driving The Growth Of The Customized Travel Market Driver
Customized Travel Global Market Report 2025
In the last few years, there has been a swift expansion in the size of the customized travel market. This sector is projected to rise from $117.58 billion in 2024 to $129.87 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 10.5%. Factors like the growing affluent middle class, an expanding internet landscape, influence of social media, awareness towards sustainability, and the increase in safety and health consciousness have significantly contributed to this growth in the historic period.
The bespoke travel industry is anticipated to witness a robust increase in its market size in the forthcoming years, with an expected valuation of $191.22 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.2%. Various factors could spur this growth in the given forecast period such as, the broadening of air travel, demand for personalized experiences, infrastructural development in tourism, the rise of luxury travel, along with evolving lifestyles and demographics. Notable trends projected for the forecast period encompass the utilization of augmented and virtual reality, collaborations with local trend setters, customization for group travel, additional tourism infrastructure development, and digital transformation of travel agencies.
What Is Stimulating Growth in the Customized Travel Market?
The surge in millennial travelers is projected to trigger an increase in the tailored travel market. Born approximately between 1981 and 1996, these travelers fall into the millennial generation, or Generation Y, and are commonly in their mid-20s to early 40s. They prioritize enriching encounters over material items, favoring immersive, genuine, and adventure-packed journeys such as cultural expeditions, outdoor pursuits, and distinct local experiences. Tailored travel benefits these millennial globetrotters by adapting experiences according to their hobbies and preferences, elevating comfort and satisfaction while being in line with their principles and lifestyle selections. In support of this, the Amex Trendex Millennial and Gen-Z Holiday Spending & Holiday Spirit report released by American Express, a US-based bank holding institution, in October 2023, revealed that 72% of Millennial and Gen-Z participants would choose to spend their money on a holiday excursion with loved ones rather than on presents. Consequently, millennial traveler growth is fueling the progress of the personalized travel market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19020&type=smp
Which Key Market Leaders Are Driving Customized Travel Industry Growth?
Major companies operating in the customized travel market are Expedia Group Inc., Airbnb Inc., Cox and Kings Limited, TripAdvisor Inc., Abercrombie and Kent Group of Companies S.A, Insight Vacations Inc., Sonder Holdings Inc., G Adventures Inc., Viator Inc., Backroads Inc., MakeMyTrip Limited, Travel Leaders Group LLC, GetYourGuide AG, Luxury Escapes Travel Pty Ltd., TCS World Travel Inc., VBT Bicycling Vacations, Scott Dunn Travel Limited, Black Tomato Group Inc., Railbookers Group, Klook Travel Technology Limited, Zicasso Inc., Classic Journeys LLC, Salt and Wind Travel LLC, Customized Journeys LLC, Asia Transpacific Journeys Inc., Trafalgar Tours International Limited, Heritage Tours Private Travel LLC, Rustik Travel Ventures Private Limited
What Are the Emerging Trends in the Customized Travel Industry?
Leading businesses in the personalized travel sector are giving priority to the creation of novel solutions with artificial intelligence (AI)-backed platforms for tailored trip scheduling. This is in an effort to heighten the satisfaction of travelers and make the planning more efficient. An AI-backed platform for tailored trip scheduling is a digitally advanced instrument that applies artificial intelligence to assess user preferences, previous behaviors and real-time information, thereby formulating personalized travel schedules. Take for example, Thomas Cook India, an Indian travel firm, which introduced an AI-backed platform aimed at transforming the holiday planning experience for its clients in August 2024. Developed in partnership with its sister company SOTC Travel, this forward-thinking tool gives users the capability to prepare custom vacation schedules in less than ten minutes. In comparison, the conventional method often would take between 48 to 72 hours due to the multiple coordination required with different providers for flights, lodgings, and activities. The platform uses AI to deliver personalized suggestions based on the preferences of users, helping them save time and money and allowing for the rapid creation of tailored travel schedules.
What Are the Main Segments in the Customized Travel Market?
The customized travelmarket covered in this report is segmented -
1) By Traveler Type: Luxury Travelers, Adventure Travelers, Cultural Enthusiasts, Family Travelers, Solo Travelers
2) By Trip Duration: Short Breaks (Within 7 Days), Extended Vacations (7-15 Days Or More)
3) By Trip Focus: Special Interest Tours, Wellness Retreats, Educational Travel
Subsegments:
1) By Luxury Travelers: High-End Vacation Packages, Private Yacht And Jet Charters, Exclusive Access Experiences
2) By Adventure Travelers: Extreme Sports, Wildlife Safaris, Trekking And Hiking Expeditions
3) By Cultural Enthusiasts: Historical Tours, Culinary Experiences, Art And Museum Tours
4) By Family Travelers: Family-Friendly Vacation Packages, Educational Tours, Theme Park Packages
5) By Solo Travelers: Solo Travel Packages And Retreats, Group Tours For Solo Travelers, Volunteer And Gap Year Programs
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/customized-travel-global-market-report
Which Geographic Area Leads the Customized Travel Market?
Asia-Pacific was the largest region in the customized travel market in 2024. The regions covered in the customized travel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Customized Travel Global Market Report?
- Market Size Analysis: Analyze the Customized Travel Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Customized Travel Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Customized Travel Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Customized Travel Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19020
Connect with 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.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Primary Catalyst Driving Customized Travel Market Evolution in 2025: Rise Of Millennial Travelers Is Driving The Growth Of The Customized Travel Market Driver here
News-ID: 3869146 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Travel
Solo Travel Service Market Next Big Thing | Ftlo Travel, Weroad Travel, EL Camin …
The "Solo Travel Service - Market Development Outlook" Study has been added to AMA repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to build strong players coverage in the study. Some of the major and emerging players identified are Exodus Travel (United Kingdom), G Adventures (Canada), Ftlo Travel (Canada), Weroad Travel (United Kingdom), EL Camino Travel (United…
Honeymoon Travel Market to Witness Remarkable Growth by 2029 | AAA Travel, World …
HTF MI introduces new research on Honeymoon Travel covering the micro level of analysis by competitors and key business segments (2023-2029). The Honeymoon Travel explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled…
Travel Agencies Market Giants Spending Is Going To Boom | Carlson Wagonlit Trave …
Advance Market Analytics published a new research publication on "Global Travel Agencies Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Travel Agencies market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Educational Travel Market to See Competition Rise | STA Travel, Key Travel, Elli …
According to HTF Market Intelligence, the Global Educational Travel market to witness a CAGR of 17.01% during forecast period of 2023-2028. The market is segmented by Global Educational Travel Market Breakdown by Application (Primary School Students, Middle & High School Students, College Students) by Type (Below 3 Days, 3 to 7 Days, Above 7 Days) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Educational Travel market…
Excellent Growth of Business Travel Management Service Market Key Players- Carls …
“Business Travel Management Service Industry 2020 Market Research Report” A new report added by reportsandmarkets.com to its research database. Business Travel Management Service Market is segmented by Regions/Countries. All the key market aspects that influence the Business Travel Management Service market presently and will have an impact on it have been evaluated and propounded in the Business Travel Management Service market research status and development trends reviewed in the new…
Honeymoon Tourism Market Is Thriving Worldwide : China Travel, HRG North America …
A fresh market research study titled Honeymoon Tourism Market explores several significant facets related to Honeymoon Tourism Market covering industry environment, segmentation analysis, and competitive landscape. Realistic concepts of the market are mentioned in a simple and plain manner in this report. A comprehensive and elaborate primary analysis report highlights numerous facts such as development factors, business enhancement strategies, statistical growth, financial gain or loss to help readers and clients…
