Press release
Key Trend Reshaping the Leisure Travel Market in 2025: Digital Transformation In Leisure Travel Enhances Personalization And Efficiency Through Hotel Content Distribution Platforms
Leisure Travel
The growing consumer preference for recreational travel is expected to boost the leisure travel market. More people are prioritizing travel experiences over material possessions, seeking authenticity, connection, and adventure in their travel choices. The Adventure Travel Trade Association reported that the number of travelers using adventure travel operators surged by 54% in 2023 compared to 2022, propelling the growth of the leisure travel market.
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How will the growth rate of the leisure travel market shape industry trends by 2034?
The leisure travel market will expand significantly from $1,260.91 billion in 2024 to $1,437.93 billion in 2025 at a CAGR of 14.0%, fueled by rising disposable incomes, tourism infrastructure growth, and digital marketing trends.
The leisure travel market is projected to grow significantly, reaching $2409.76 billion by 2029 at a CAGR of 13.8%. Growth drivers include shifting consumer spending habits, increased global outbound tourism, improved lifestyles, AI and IoT integration in tourism, eco-friendly travel trends, the rise of space and wellness tourism, social media influence, and the availability of low-cost airlines. Key trends include a surge in solo travel, demand for unique destinations, online booking growth, sustainable tourism practices, advancements in AI-driven travel technology, adventure and wellness tourism, mobile travel apps, and customized experiences.
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What trends are poised to drive the future success of the leisure travel market?
Companies in the leisure travel market are focusing on digital transformation and online booking platforms, such as hotel content distribution platforms, to enhance personalization and operational efficiency. For instance, in March 2024, Amadeus IT Group SA launched Amadeus Leisure Connect, a unified tech platform that connects hotel providers with travel sellers, offering real-time rates, personalized services, and exclusive deals to optimize bookings and revenue.
Which primary segments of the leisure travel market are driving growth and industry transformations?
The leisure travel market covered in this report is segmented -
1) By Expenditure Type: Lodging, Transportation, Food And Beverages, Events And Entertainment, Other Expenditure Types
2) By Traveler Type: Solo, Group
3) By Sales Channel: Online Channels, Conventional Channels
4) By Age Group: Baby Boomers, Generation X, Millennials, Generation Z
Subsegments:
1) By Lodging: Hotels And Resorts Or Vacation Rentals Or Hostels Or Bed And Breakfasts (B And Bs) Or Campsites And Glamping Sites
2) By Transportation: Airfare Or Car Rentals Or Rail Travel Or Cruises Or Bus Services Or Ride-sharing
3) By Food And Beverages: Restaurants And Cafes Or Street Food Or Bars And Pubs Or All-Inclusive Dining Packages Or Catering And Banquets
4) By Events And Entertainment: Concerts And Festivals Or Theme Parks And Attractions Or Cultural And Heritage Tours Or Adventure Activities Or Sporting Events And Tickets
5) By Other Expenditure Types: Shopping Or Travel Insurance Or Spa And Wellness Services Or Travel Accessories And Gear Or Tour Guides And Excursions
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Which geographical regions are pioneering growth in the leisure travel market?
North America was the largest region in the leisure travel market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the leisure travel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the leisure travel market landscape?
Major companies operating in the leisure travel market are TUI Group, Priceline Group, Booking Holdings Inc., Expedia Group Inc., CWT Global BV, Airbnb Inc., American Express Global Business Travel, Flight Centre Travel Group Ltd, TripAdvisor Inc, Orbitz LLC, World Travel Inc., Contiki Holidays Ltd., Abercrombie & Kent Ltd., G Adventures Inc., Trivago N.V., Cox & Kings Ltd., Travelocity.com LP, Direct Travel Inc., Travel Leaders Group LLC, MakeMyTrip Pvt. Ltd., Luxury Escapes Pty Ltd., Intrepid Travel Pty Ltd., GetYourGuide AG, Kayak Software Corporation, JTB Americas Group Inc., TravelBag Ltd., Thomas Cook Group plc, Trafalgar Tours Ltd., Hays Travel Limited
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What Is Covered In The Leisure Travel Global Market Report?
•Market Size Forecast: Examine the leisure travel market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the leisure travel market for a structured understanding.
•Key Players Overview: Analyze major players in the leisure travel market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the leisure travel market.
•Segment Contributions: Evaluate how different segments drive overall growth in the leisure travel market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the leisure travel market.
•Industry Challenges: Identify potential risks and obstacles affecting the leisure travel market.
•Competitive Landscape: Review strategic developments in the leisure travel market, including expansions, agreements, and new product launches.
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