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Leisure Travel Market by Traveler Type Sales Channel and Age Group: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4989519
  • Report
  • November 2019
  • Region: Global
  • 241 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • American Express Travel
  • Carlson Wagonlit Travel
  • Cox & Kings Ltd.
  • Expedia Group
  • JTB Americas Group
  • Priceline Group
  • MORE
Leisure travel is a form of vacation that involves a number of activities ranging from visiting new location, staying in resorts or hotel, experiencing various tourist attractions to going to health clubs and more. People often opt for leisure travel to unwind and experience new cultures, and meet new people.

The leisure travel economy comprises a well-entrenched biosphere of industries including but not limited to logistics, accommodation, food, retail, recreation and other tourism services, Companies, large and small in associated industries continuously strive to create experiences bringing people together, supporting communities and boosting economics of country. Substantial investment on tourism has multiplier effects in the expansion of the economy including infrastructure development, stimulating private investment, aggregating demand, and creating jobs. Tourism offers direct and indirect aid to a nation’s economy. Therefore, it has garnered high attention from the tourism development experts, policy makers, and industry leaders, especially in the developing regions of Asia-Pacific and Africa region.

Recent years have seen paradigm shift towards experience rather than goods. Spending on consumer durables, apparels have faltered; however, experiential spending on recreation, travel, and eating have seen rapid growth. As a result, travel is outpacing the demand for goods. The trend is in sync with growing number of global outbound tourists in the last few years. The robust growth is estimated to continue in future, driven primarily by the expansion of low-cost airlines, government initiatives, and technological advancements.
While expansion in the tourism industry has led to creation of jobs, a proliferation of tour operators, and increased ease in booking accommodation, logistics and services, the growth comes with its own set of unique challenges - economic slowdown, infrastructure, and political tensions, among others.

The leisure travel market has been segmented based on traveler type, sales channel, age group, and region. Based on traveler type, the leisure travel market is bifurcated into solo and group. Based on sales channel, the global market is studied across conventional channels, and online channels. The report also gives insights on leisure travel market by age group that includes baby boomers, generation X, Millennials, and Generation- Z. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA

The key players profiled in the report includes Expedia Group, Priceline Group, Carlson Wagonlit Travel, JTB Americas Group, World Travel, Inc., American Express Travel, Travel Leaders Group, TUI Group., Thomas Cook (India) Limited and Cox & Kings Ltd.

KEY BENEFITS FOR STAKEHOLDERS
  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the leisure travel market from 2018 to 2026 to identify the prevailing market opportunities.
  • The key countries in all the major regions are mapped based on their market share.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
  • The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.
KEY MARKET SEGMENTS:

By Type
  • Solo
  • Group
By Sales Channel
  • Conventional Channels
  • Online Channels
By Age Group
  • Baby Boomers
  • Generation X
  • Millennials
  • Generation Z
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • France
  • Italy
  • Germany
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • American Express Travel
  • Carlson Wagonlit Travel
  • Cox & Kings Ltd.
  • Expedia Group
  • JTB Americas Group
  • Priceline Group
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models

Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Pursuit Of Unique Experiences To Augment The Global Tourism Industry
3.2.1.2. Mobile Applications, Big Data Analytics, And Artificial Intelligence Evolving Together Amidst Proliferating Tourism Industry
3.2.1.3. Rise Of Social Media Positively Impacting Travel Industry
3.2.2. Restraints
3.2.2.1. Fluctuating Fortunes For Destinations
3.2.2.2. Nature And Tourism No Longer In Sync
3.2.3. Opportunities
3.2.3.1. Unique Destinations Gaining High Traction Amongst Tourists
3.2.3.2. Eco-Mmodation - New Trend Amongst Millennials

Chapter 4: Leisure Travel Market, By Traveler Type
4.1. Overview
4.1.1. Market Size And Forecast, By Traveler Type
4.2. Solo Leisure Travel
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country
4.3. Group Leisure Travel
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis, By Country

Chapter 5: Leisure Travel Market, By Sales Channel
5.1. Overview
5.1.1. Market Size And Forecast, By Sales Channel
5.2. Conventional Channels
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis, By Country
5.3. Online Channels
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis, By Country

Chapter 6: Leisure Travel Market, By Age Group
6.1. Overview
6.1.1. Market Size And Forecast, By Age Group
6.2. Baby Boomers
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis, By Country
6.3. Generation X
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis, By Country
6.4. Millennials
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Region
6.4.3. Market Analysis, By Country
6.5. Generation Z
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Region
6.5.3. Market Analysis, By Country

Chapter 7: Leisure Travel Market, By Region
7.1. Overview
7.1.1. Market Size And Forecast, By Region
7.2. North America
7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast, By Traveler Type
7.2.3. Market Size And Forecast, By Sales Channel
7.2.4. Market Size And Forecast, By Age Group
7.2.5. Market Analysis, By Country
7.2.5.1. U.S.
7.2.5.1.1. Market Size And Forecast, By Traveler Type
7.2.5.1.2. Market Size And Forecast, By Sales Channel
7.2.5.1.3. Market Size And Forecast, By Age Group
7.2.5.2. Canada
7.2.5.2.1. Market Size And Forecast, By Traveler Type
7.2.5.2.2. Market Size And Forecast, By Sales Channel
7.2.5.2.3. Market Size And Forecast, By Age Group
7.2.5.3. Mexico
7.2.5.3.1. Market Size And Forecast, By Traveler Type
7.2.5.3.2. Market Size And Forecast, By Sales Channel
7.2.5.3.3. Market Size And Forecast, By Age Group
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, And Opportunities
7.3.2. Market Size And Forecast, By Traveler Type
7.3.3. Market Size And Forecast, By Sales Channel
7.3.4. Market Size And Forecast, By Age Group
7.3.5. Market Analysis, By Country
7.3.5.1. UK
7.3.5.1.1. Market Size And Forecast, By Traveler Type
7.3.5.1.2. Market Size And Forecast, By Sales Channel
7.3.5.1.3. Market Size And Forecast, By Age Group
7.3.5.2. France
7.3.5.2.1. Market Size And Forecast, By Traveler Type
7.3.5.2.2. Market Size And Forecast, By Sales Channel
7.3.5.2.3. Market Size And Forecast, By Age Group
7.3.5.3. Italy
7.3.5.3.1. Market Size And Forecast, By Traveler Type
7.3.5.3.2. Market Size And Forecast, By Sales Channel
7.3.5.3.3. Market Size And Forecast, By Age Group
7.3.5.4. Germany
7.3.5.4.1. Market Size And Forecast, By Traveler Type
7.3.5.4.2. Market Size And Forecast, By Sales Channel
7.3.5.4.3. Market Size And Forecast, By Age Group
7.3.5.5. Russia
7.3.5.5.1. Market Size And Forecast, By Traveler Type
7.3.5.5.2. Market Size And Forecast, By Sales Channel
7.3.5.5.3. Market Size And Forecast, By Age Group
7.3.5.6. Rest Of Europe
7.3.5.6.1. Market Size And Forecast, By Traveler Type
7.3.5.6.2. Market Size And Forecast, By Sales Channel
7.3.5.6.3. Market Size And Forecast, By Age Group
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, And Opportunities
7.4.2. Market Size And Forecast, By Traveler Type
7.4.3. Market Size And Forecast, By Sales Channel
7.4.4. Market Size And Forecast, By Age Group
7.4.5. Market Analysis, By Country
7.4.5.1. China
7.4.5.1.1. Market Size And Forecast, By Traveler Type
7.4.5.1.2. Market Size And Forecast, By Sales Channel
7.4.5.1.3. Market Size And Forecast, By Age Group
7.4.5.2. India
7.4.5.2.1. Market Size And Forecast, By Traveler Type
7.4.5.2.2. Market Size And Forecast, By Sales Channel
7.4.5.2.3. Market Size And Forecast, By Age Group
7.4.5.3. Japan
7.4.5.3.1. Market Size And Forecast, By Traveler Type
7.4.5.3.2. Market Size And Forecast, By Sales Channel
7.4.5.3.3. Market Size And Forecast, By Age Group
7.4.5.4. South Korea
7.4.5.4.1. Market Size And Forecast, By Traveler Type
7.4.5.4.2. Market Size And Forecast, By Sales Channel
7.4.5.4.3. Market Size And Forecast, By Age Group
7.4.5.5. Rest Of Asia-Pacific
7.4.5.5.1. Market Size And Forecast, By Traveler Type
7.4.5.5.2. Market Size And Forecast, By Sales Channel
7.4.5.5.3. Market Size And Forecast, By Age Group
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, And Opportunities
7.5.2. Market Size And Forecast, By Traveler Type
7.5.3. Market Size And Forecast, By Sales Channel
7.5.4. Market Size And Forecast, By Age Group
7.5.5. Market Analysis, By Country
7.5.5.1. Latin America
7.5.5.1.1. Market Size And Forecast, By Traveler Type
7.5.5.1.2. Market Size And Forecast, By Sales Channel
7.5.5.1.3. Market Size And Forecast, By Age Group
7.5.5.2. Middle East
7.5.5.2.1. Market Size And Forecast, By Traveler Type
7.5.5.2.2. Market Size And Forecast, By Sales Channel
7.5.5.2.3. Market Size And Forecast, By Age Group
7.5.5.3. South Africa
7.5.5.3.1. Market Size And Forecast, By Traveler Type
7.5.5.3.2. Market Size And Forecast, By Sales Channel
7.5.5.3.3. Market Size And Forecast, By Age Group

Chapter 8: Company Profiles
8.1. American Express Travel
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. Business Performance
8.2. Carlson Wagonlit Travel
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot
8.2.4. Product Portfolio
8.3. Cox & Kings Ltd
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Operating Business Segments
8.3.5. Product Portfolio
8.3.6. Business Performance
8.3.7. Key Strategic Moves And Developments
8.4. Expedia Group
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. Business Performance
8.4.7. Key Strategic Moves And Developments
8.5. Jtb Usa, Inc.
8.5.1. Company Overview
8.5.2. Key Executive
8.5.3. Company Snapshot
8.5.4. Product Portfolio
8.6. Priceline(Booking Holdings Inc.)
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot
8.6.4. Product Portfolio
8.6.5. Business Performance
8.6.6. Key Strategic Moves And Developments
8.7. Thomas Cook India Ltd.
8.7.1. Company Overview
8.7.2. Key Executives
8.7.3. Company Snapshot
8.7.4. Product Portfolio
8.7.5. Business Performance
8.7.6. Key Strategic Moves And Developments
8.8. Travel Leaders Group
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Product Portfolio
8.9. Tui Group
8.9.1. Company Overview
8.9.2. Key Executives
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Product Portfolio
8.9.6. Business Performance
8.9.7. Key Strategic Moves And Developments
8.10. World Travel, Inc
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot
8.10.4. Product Portfolio

*Full List of Tables and Figures Available on Enquiry.
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FEATURED COMPANIES

  • American Express Travel
  • Carlson Wagonlit Travel
  • Cox & Kings Ltd.
  • Expedia Group
  • JTB Americas Group
  • Priceline Group
  • MORE
According to the report titled, 'Leisure Travel Market by Traveler Type, Sales Channel, and Age Group: Global Opportunity Analysis and Industry Forecast, 2019-2026 ', the global leisure travel market size was $953.9 billion in 2018, and is projected to reach $1,464.3 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026.

Digitalization, informatization and globalization upgrade in the past few years have spurred the fast growth of the leisure travel market. In today’s global economy, tourism is now playing a prominent role and taking a larger share in the economy, while bringing profound social impacts.

The outbound leisure travel market growth has gained significant momentum owing to rise in disposable income, expansion of logistics & infrastructure, rigorous promotion & advertising of tourism by the governments. The outbound tourism market has witnessed rapid increase, and thus, the number of outbound tourists maintained robust growth each year from 2002 to 2018. The number of global outbound tourists surpassed a record 1.4 billion in 2018.

New trends have emerged due to the rapid development of global outbound tourism. Citizens perceptions have changed from meeting everyday needs to improving quality of their life. Now more than ever, travel plays a vital role in the hectic lifestyle of people. Leisure holiday remained the most preferable travel type, however, adventure tourism has gained wide traction in the past few years.

Online booking has seen monumental growth in the last few years and continues to rise, driven by highly competitive digital landscape, increase in internet penetration, user-friendly app interface and platforms. Furthermore, deployment of chat bots and travel bots is expected to continue to gain high traction among the leading players operating in the leisure travel market.

UK is on the verge of Brexit and no deal exit might have appalling ramifications on the outbound tourism market. According to AMR analysis, a no deal Brexit might cause a drop of about 5-7% in out bound travelers from the UK. Spain, France, and Italy are expected to experience a significant drop of tourists travelling from the UK owing to weaker exchange rate, imposition of tariffs, higher air fare rates, and higher travel insurance premiums. A decrease in the value of British currency will result in changing UK residents preferences for domestic holidays A no deal scenario will result in increased overall expenditure incurred by the UK residents. No deal exit will have cascading effect to the UK economy, which is estimated to negatively impact the UK outbound tourism industry.

Key Findings of the Leisure Travel Market:
Asia-Pacific leads in terms of the outbound leisure travel expenditure and is expected to retain its dominance during the forecast period.
The group segment was the highest contributor to the market, with $694.6 billion in 2018, and is estimated to reach $1,025.0 billion by 2026, at a CAGR of 5.1% during the forecast period.
Based on sales channel, the online sales channel segment accounted for about three-fourth of the global leisure travel market share in 2018, and is expected to grow at the CAGR of 6.0%.
The generation X and millennials segments collectively accounted for about 67.6% share of the leisure travel market in 2018, with the former constituting around 39.1% share.
Based on leisure travel market analysis by region, Asia-Pacific is anticipated to grow with highest CAGR of 7.1%.

The key players operating in the leisure travel market are Expedia Group, Priceline Group, Carlson Wagonlit Travel, JTB Americas Group, World Travel, Inc., American Express Travel, Travel Leaders Group, TUI Group., Thomas Cook (India) Limited and Cox & Kings Ltd.
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  • Expedia Group
  • Priceline Group
  • Carlson Wagonlit Travel
  • JTB Americas Group
  • World Travel Inc.
  • American Express Travel
  • Travel Leaders Group
  • TUI Group.
  • Thomas Cook (India) Limited
  • Cox & Kings Ltd.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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