Press release
Beach Tourism Market Expected to Achieve 6.7% CAGR by 2029: Growth Forecast Insights
Beach Tourism Market
How Large Will the Beach Tourism Market Size By 2025?
In recent times, there has been a significant expansion in the beach tourism market size. Projected growth from $240.03 billion in 2024 to $256.85 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.0%, has been forecasted. Factors such as climate and weather conditions, cultural importance and leisure activities, the increasing trend of sustainable beach tourism, governmental support for the tourism sector, and heightened environmental consciousness have contributed to the earlier growth observed.
How Big Is the Beach Tourism Market Size Expected to Grow by 2029?
The dimension of the beach tourism market is projected to experience robust expansion in the near future. It is anticipated to reach $332.3 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%. The increase during this period can be credited to a surge in funding in the tourism sector, an upsurge in the adoption of social media by Generation Z, the increase in comprehension and awareness of diverse cultures, a growth in bookings for holiday rentals, and a rise in leisure activities. Key trendsetters in this projected period encompass technological progression, ecological beach tourism, expansion in beachfront and coastal sports, the sway of social media, and communal events and cultural activities.
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Which Key Market Drivers Powering Beach Tourism Market Expansion and Growth?
The growth of the beach tourism market is projected to be fueled by the rise in international tourism. This term refers to individuals journeying to and residing in locations beyond their standard environment, crossing national borders for recreation, business, or other reasons. The expansion of international tourism is attributed to the rise in disposable income, developments in air travel and high-speed trains, amplified worldwide trade, and business operations. Beach tourism offers international tourists a multifaceted experience that merges relaxation, adventure, cultural discovery, and leisure activities amidst stunning coastal landscapes. For example, the US government agency, the International Trade Administration, reported a total of 55.80 million international tourists in the United States in August 2023, a 30.2% rise from 2022. Hence, the growing international tourism is a driving force for the beach tourism market.
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Which Fast-Growing Trends Are Poised to Disrupt the Beach Tourism Market?
In the beach tourism sector, major corporations are turning their attention to sustainability endeavors like eco-friendly lodgings to drive competitiveness. These eco-conscious accommodations are underscoring environmental responsibility through the use of renewable resources, waste reduction, and advocacy of conservation initiatives. In 2022, for example, Accor, a hospitality firm based in France, unveiled its Planet 21 scheme, stressing the adoption of sustainable methodologies across its establishments. This program's distinguishing aspects involve the adoption of energy-saving systems, collaborations with local conservation groups, and the utilization of local materials for building and operation purposes. These measures not only augment the visitor experience by resonating with the principles of eco-aware tourists but also aid in offsetting the environmental repercussions of tourism. With more consumers on the lookout for green travel alternatives, companies incorporating these measures are likely to secure a broader market territory.
What Are the Emerging Segments in the Beach Tourism Market?
The beach tourism market covered in this report is segmented -
1) By Type: Sun And Sand Tourism, Adventure Tourism, Eco-Tourism, Wellness Tourism
2) By Service Type: Accommodation, Transportation, Activities, Other Service Types
3) By Activity: Swimming, Sunbathing, Surfing, Snorkeling, Water Sports, Beach Sports
4) By Application: Individual, Group, Family, Corporate
Subsegments:
1) By Sun And Sand Tourism: Relaxation and Leisure Beach Vacations, Beach Resort Stays, Family Beach Holidays, Beachfront Accommodation Packages
2) By Adventure Tourism: Water Sports (Surfing, Jet Skiing, Scuba Diving), Beach Hiking and Exploration, Beach Camping and Off-Road Adventures, Extreme Sports On the Beach (Paragliding, Sandboarding)
3) By Eco-Tourism: Beach Conservation Tours, Marine Life Observation (Whale Watching, Snorkeling), Sustainable And Green Beach Resorts, Eco-friendly Beach Activities (Clean-Up Drives, Wildlife Protection)
4) By Wellness Tourism: Beach Yoga And Meditation Retreats, Spa And Wellness Resorts On The Beach, Detox And Health Retreats, Beach-Based Ayurvedic Or Holistic Healing Programs
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Who Are the Global Leaders in the Beach Tourism Market?
Major companies operating in the beach tourism market are Marriott International Inc., TUI AG, Expedia Group Inc., Booking.com B.V., Hilton Worldwide Holdings Inc., Airbnb Inc., Hyatt Hotels Corporation, Four Seasons Hotels and Resorts, Accor S.A., InterContinental Hotels Group PLC, Shangri-La International Hotel Management Limited, Melia Hotels International SA , TripAdvisor Inc., Wyndham Hotels & Resorts Inc., The Ritz-Carlton Hotel Company LLC, Apple leisure group, Mandarin Oriental International Limited, On the Beach Group plc, Thomas Cook Ltd., Fairmont Hotels and Resorts Inc., Dana Point, Safari & Beach, The Anaheim Tour Company, Cox & Kings Ltd, Kuoni travel group
Which are the Top Profitable Regional Markets for the Beach Tourism Industry?
Europe was the largest region in the beach tourism market in 2023. The regions covered in the beach tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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