SAVE Tourism Market 2026 Trends : Expected to Grow at a CAGR of 5.8% by 2026, Claims AMR

According to the report, the global SAVE Tourism Market was pegged at $69.5 billion in 2018 and is projected to reach $106.9 billion by 2026, registering a CAGR of 5.8% during the forecast period.

Whys and wherefores of market ups and downs

Growing interest of travelers to interact with culture, nature, and local people, continuous growth of international travel, and formation of SAVE travel alliance have boosted the growth of the global SAVE tourism market. However, different rules and regulations related to visa and advent of commercialization in SAVE tourism hamper the market. On the contrary, contribution to sustainable tourism and benefits to developing and underdeveloped countries are expected to create lucrative opportunities in the near future.

Request Sample Copy of Report at: https://www.alliedmarketresearch.com/request-sample/6043

The academic segment dominated the market

By type, the academic segment held the largest share in 2018, contributing more than one-third of the global SAVE tourism market. This is due to increase in number of international students owing to increase in opportunities to collaborate with high education institution or university. However, the education segment is projected to manifest the fastest CAGR of 6.5% during the forecast period, owing to rise in the voluntourism organization that sends volun tourists in different countries.

The online sales channel to grow at fastest CAGR by 2026

By sales channel, the online segment is expected to portray the fastest CAGR of 7.5% during the forecast period, owing to increase in penetration of Internet in tourism industry and preference of people to book tours online. However, the travel agent segment dominated the market in 2018, contributing around 88% of the global SAVE tourism market, as they operate locally, nationally, and internationally to offer unique and life-changing experience toward sustainable tourism.

Europe holds the largest share; followed by North America

The market across Europe held the largest share in 2018, contributing more than two-fifths of the market, owing to initiative to make Europe the world's No. 1 tourism destination to stimulate competitiveness and promote development of sustainable tourism. The market across North America also held major share of the total revenue. However, the global SAVE tourism market across Asia-Pacific is projected to register the fastest CAGR of 8.5% during the forecast period, owing to rise in both outbound and inbound trip and an increasing middle class looking to spend its rising disposable income for travelling purpose.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6043

Major market players
• ABTA Ltd.
• ATTITUDE HOSPITALITY LTD (AHL)
• Bookdifferent
• Caribtours Ltd
• Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
• Fair Trade Tourism
• Four Communications
• NECSTouR
• Responsible Vacation
• The travel foundation
• Tui Group
• we-are.travel GmbH

LIMITED-TIME OFFER - Buy Now & Get Exclusive Discount on this Report https://www.alliedmarketresearch.com/checkout-final/a5b15602aafc4dd3ec7f986a00ddbc3b

Key Findings of the SAVE Tourism Market :

In 2018, based on type, the academic tours segment accounted for around 35.1% SAVE tourism market share, growing at a CAGR of 6.2% from 2019 to 2026
In 2018, based on sales channel, the online segment accounted for 10.0% share of the SAVE tourism market is expected to grow at the highest CAGR of 11.6% during SAVE tourism market forecast
based on region, Asia-Pacific accounted for a prominent SAVE tourism market share and is anticipated to grow at a CAGR of 8.5% throughout the SAVE tourism market analysis periodIn 2018,

Know More- https://www.prnewswire.com/news-releases/save-tourism-market-to-garner-106-9-bn-globally-by-2026-at-5-8-cagr-says-allied-market-research-300930541.html

Similar Report :-
Culinary Tourism Market https://www.alliedmarketresearch.com/culinary-tourism-market-A06326
Theme Park Vacation market https://www.alliedmarketresearch.com/theme-park-vacation-market

Contact:
Davin Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |

About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.

Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.

This release was published on openPR.