Press release
Customized Travel Market Expected to Achieve 10.1% CAGR by 2029: Growth Forecast Insights
Customized Travel
How Large Will the Customized Travel Market Size By 2025?
In recent times, there has been substantial growth in the custom travel market size, expected to rise from $117.58 billion in 2024 to $129.27 billion in 2025, suggesting a compound annual growth rate (CAGR) of 9.9%. Factors such as the rising middle-class affluence, increased internet usage, influence of social media, consciousness about sustainability, safety, and health are believed to have contributed to this growth during the historic period.
How Big Is the Customized Travel Market Size Expected to Grow by 2029?
The tailored travel industry is predicted to experience substantial growth in the coming years. The market size is set to reach $189.81 billion in 2029, with a compound annual growth rate (CAGR) of 10.1%. Factors influencing this growth during the projected period include the expansion of air travel, an increase in demand for personalized experiences, development of tourism infrastructure, the rise of luxury travel, and shifts in lifestyles and demographics. Key trends during this period are expected to be the adoption of augmented and virtual reality, partnerships with local trendsetters, customization of group travel, further development of tourism infrastructure, and the digital transformation of travel agencies.
View the full report here:
https://www.thebusinessresearchcompany.com/report/customized-travel-global-market-report
Which Key Market Drivers Powering Customized Travel Market Expansion and Growth?
The growth of the customized travel market is anticipated to surge due to the increasing trend of millennial travelers. Individuals born between 1981 and 1996 approximately, who are typically in their late 20s to early 40s, are defined as millennial travelers. They are part of the Millennial generation, also referred to as Generation Y. Instead of materialistic possessions, they value experiences and often opt for immersive, cultural, adventure-laden travel experiences including outdoor activities and unique local explorations. Personalizing their travel to align with their interests and preferences allows millennial travelers to enhance their convenience and satisfaction, also enabling them to stay true to their lifestyle choices and values. For instance, the Amex Trendex Millennial and Gen-Z Holiday Spending & Holiday Spirit report released by American Express, an American bank holding company, in October 2023 found that 72% of Millennial and Gen-Z participants would prefer to spend their money on holiday trips with family or friends rather than on presenting gifts. As a result, the escalating trend of millennial travelers is fueling the growth of the customized travel market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19020&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the Customized Travel Market?
The customized travel market is dominated by large companies that are leveraging AI-powered platforms to develop innovative solutions for personalized trip planning, with the aim of enhancing the user experience and making the planning process more efficient. These platforms employ artificial intelligence to examine user preferences, historical behaviors, and current data to devise custom travel agendas. For example, in August 2024, Thomas Cook India, a renowned travel agency company in India that teamed up with SOTC Travel, launched their own AI-powered platform designed to radically improve the procedure of planning vacations for the clients. This efficiently crafted tool enables consumers to design their custom vacations in less than ten minutes - a drastic time reduction compares to the conventional process which used to take 48 to 72 hours due to the necessity of coordinating with several suppliers for flights, accommodation, and activities. This platform uses AI to give individualized suggestions based on the customer's preferences, thus helping in time and money saving and enabling customers to quickly build travel plans that suit their needs.
What Are the Emerging 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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=19020&type=smp
Who Are the Global Leaders in the Customized Travel Market?
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
Which are the Top Profitable Regional Markets for the Customized Travel Industry?
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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19020
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
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 Customized Travel Market Expected to Achieve 10.1% CAGR by 2029: Growth Forecast Insights here
News-ID: 4205118 • Views: …
More Releases from The Business Research Company
Trends in Growth, Segment Analysis, and Competitive Strategies Influencing the M …
The meal replacement market is gaining significant momentum as consumer preferences shift toward convenient and health-focused nutrition solutions. With rising awareness about preventive healthcare and personalized diets, this sector is set for considerable expansion. Let's explore how the market size is expected to evolve, who the key players are, emerging trends, and the main segments driving this growth.
Projected Growth Trajectory of the Meal Replacement Market Size
The meal replacement…
Leading Companies Reinforcing Their Presence in the Malted Barley Market
The malted barley industry is positioned for steady expansion as demand grows across various sectors. With increasing interest from craft brewers and functional food producers, this market is set to experience meaningful growth driven by innovation and sustainability efforts. Let's dive into the current market size, key players shaping the industry, trends influencing its trajectory, and detailed segment insights.
Projected Market Size and Growth Outlook of the Malted Barley Market …
Future Perspective: Key Trends Shaping the Low-calorie Food Market up to 2030
The low-calorie food market is poised for significant expansion as consumer preferences shift toward healthier eating habits and more personalized nutrition options. Advances in product innovation and supportive regulatory frameworks are expected to drive rapid growth over the coming years. Here's an overview of the market size, key players, emerging trends, and segmentation shaping this evolving industry.
Projected Expansion of the Low-calorie Food Market Size Through 2030
The low-calorie food…
Competitive Landscape: Leading Companies and New Entrants in the Liquid Nutritio …
The liquid nutritional supplement sector is on the rise, driven by evolving consumer preferences and innovations in health and wellness. With growing awareness about personalized nutrition and preventive healthcare, this market is set to witness substantial growth over the coming years. Let's explore the market's projected size, major players, emerging trends, and key segments shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Liquid Nutritional Supplement Market …
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…
