Press release
Soaring Demand Set to Propel Beach Tourism Market to $329.58 Billion by 2029
Beach Tourism Market
What Is the Expected CAGR for the Beach Tourism Market Through 2025?
Recently, there has been a robust expansion in the size of the beach tourism market. Projected growth indicates an increase from $240.03 billion in 2024 to $255.62 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.5%. Factors that have contributed to the growth in the historical period include the influence of climate and weather conditions, cultural importance and entertainment activities, the rising popularity of sustainable beach tourism, government contributions to the tourism industry, and the growing environmental consciousness.
What's the Projected Size of the Global Beach Tourism Market by 2029?
Predictions suggest a robust expansion of the beach tourism market in the coming years, with a projected increase to $329.58 billion by 2029, achieved with a 6.6% compound annual growth rate (CAGR). This growth over the forecast period is primarily due to increased investments in the tourism industry, the escalating influence of social media on Generation Z, an amplified comprehension and appreciation of diverse cultures, a rise in reservations for holiday homes, and growth in leisure activities. Key trends expected to shape the forecast period are technological innovations, ecologically responsible beach tourism, development in coastal and beachfront sports, the impact of social media, and cultural and social events.
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Top Growth Drivers in the Beach Tourism Industry: What's Accelerating the Market?
The expected growth of the beach tourism market is largely attributed to the rise in international tourism. This refers to individuals journeying to locations outside their typical environment, across national boundaries, for leisure, business, or other reasons. Factors leading to the rise in international tourism include greater disposable income, advancements in air travel, high-speed trains, and other transportation, as well as a growth in global trade and business activities. Beach tourism offers international tourists a diverse experience, incorporating relaxation, adventure, cultural discovery, and leisure activities in picturesque coastal settings. For instance, in August 2023, the International Trade Administration, a US government agency, reported a surge in international visitors to the United States reaching 55.80 million, a significant 30.2% increase from 2022. Thus, the rise in international tourism is a driving factor for the beach tourism market.
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What Trends Will Shape the Beach Tourism Market Through 2029 and Beyond?
Leading organizations in the beach tourism sector are incorporating sustainability programs like environmentally friendly lodging to gain an upper hand in the competition. Such lodging options concentrate on environmental accountability through the utilization of renewable resources, waste reduction, and support for conservation activities. For example, Accor, a hospitality firm based in France, initiated its Planet 21 program in 2022, which underscores the importance of sustainable practices in its properties. Uniquely, the program encompasses energy-saving systems, collaborations with local conservation groups, and employing locally obtained materials for construction and operations. These steps don't just improve the customer experience by resonating with the principles of eco-aware travelers, but also aids in reducing the environmental footprint of tourism. With a growing consumer preference for environmentally-friendly travel alternatives, corporations implementing these practices stand to secure a more significant portion of the market.
What Are the Main 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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Which Top Companies are Driving Growth 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 Regions Will Dominate the Beach Tourism Market Through 2029?
Europe was the largest region in the beach tourism market in 2024. 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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