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Leisure Travel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global leisure travel market size reached US$ 732.37 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,224.88 Billion by 2027, exhibiting a growth rate (CAGR) of 8.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Leisure travel refers to casual trips that are planned for recreation, entertainment, relaxation, and personal enjoyment by an individual or a group of individuals. The trips assist individuals in relaxing and unwinding as they involve exploring various cultures across the globe with an enhanced focus on providing an enjoyable experience. Several industries are well-established in the leisure travel ecosystem, including logistics, accommodations, food, retail, recreation, and other tourism services. By bringing people together, supporting communities, and boosting the economy of a country, leisure travel contributes to the creation of new experiences. Recreational activities are included specifically in these journeys to enhance the physical, mental, and emotional well-being of individuals. As a result, these travels play a vital role in relieving stress from the body and mind while enriching the cultural knowledge of the masses.

Leisure Travel Market Trends:

The market is majorly driven by a paradigm shift in the spending patterns of consumers. This can be attributed to a considerable rise in the number of global outbound tourists. In addition to this, the improved lifestyle standards of the masses are providing an impetus to the market. Moreover, the rapid integration of big data analytics, the internet of things (IoT), and artificial intelligence (AI) in the tourism industry is also propelling the market. Apart from this, the rising trend of eco-friendly tourism, space tourism and wellness tourism are creating lucrative growth opportunities for the market. With the growing penetration of social media among millennials, leisure travel has become a sign of social status, thereby resulting in higher investment in leisure travel activities. Some of the other factors contributing to the market include the easy availability of low-cost airlines, favorable government initiatives, the increasing awareness on unique destinations among tourists, and the widespread awareness regarding easy online booking services.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global leisure travel market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on traveler type, age group, expenditure type and sales channel.

Breakup by Traveler Type:

  • Solo
  • Group
     

Breakup by Age Group:

  • Baby Boomers
  • Generation X
  • Millennial
  • Generation Z
     

Breakup by Expenditure Type:

  • Lodging
  • Transportation
  • Food and Beverage
  • Events and Entertainment
  • Others
     

Breakup by Sales Channel:

  • Conventional Channel
  • Online Channel
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being American Express Company, Cox & Kings Ltd., Direct Travel Inc., Flight Centre Travel Group Limited, Hays Travel Limited, JTB Americas Ltd. (JTB Corporation), MakeMyTrip Pvt. Ltd., Tripadvisor Inc., Trivago N.V., TUI Group and World Travel Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Traveler Type, Age Group, Expenditure Type, Sales Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered American Express Company, Cox & Kings Ltd., Direct Travel Inc., Flight Centre Travel Group Limited, Hays Travel Limited, JTB Americas Ltd. (JTB Corporation), MakeMyTrip Pvt. Ltd., Tripadvisor Inc., Trivago N.V., TUI Group and World Travel Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global leisure travel market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global leisure travel market?
  • What are the key regional markets?
  • What is the breakup of the market based on the traveler type?
  • What is the breakup of the market based on the age group?
  • What is the breakup of the market based on the expenditure type?
  • What is the breakup of the market based on the sales channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global leisure travel market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Leisure Travel Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Traveler Type
    6.1    Solo
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Group
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Age Group
    7.1    Baby Boomers
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Generation X
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Millennial
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Generation Z
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Expenditure Type
    8.1    Lodging
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Transportation
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Food and Beverage
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Events and Entertainment
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Sales Channel
    9.1    Conventional Channel
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Online Channel
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    American Express Company
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Cox & Kings Ltd.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Direct Travel Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Flight Centre Travel Group Limited
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    Hays Travel Limited
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    JTB Americas Ltd. (JTB Corporation)
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    MakeMyTrip Pvt. Ltd.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
        15.3.8    Tripadvisor Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
        15.3.9    Trivago N.V.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
        15.3.10    TUI Group
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    World Travel Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Leisure Travel Market: Major Drivers and Challenges
Figure 2: Global: Leisure Travel Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Leisure Travel Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Leisure Travel Market: Breakup by Traveler Type (in %), 2021
Figure 5: Global: Leisure Travel Market: Breakup by Age Group (in %), 2021
Figure 6: Global: Leisure Travel Market: Breakup by Expenditure Type (in %), 2021
Figure 7: Global: Leisure Travel Market: Breakup by Sales Channel (in %), 2021
Figure 8: Global: Leisure Travel Market: Breakup by Region (in %), 2021
Figure 9: Global: Leisure Travel (Solo) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Leisure Travel (Solo) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Leisure Travel (Group) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Leisure Travel (Group) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Leisure Travel (Baby Boomers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Leisure Travel (Baby Boomers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Leisure Travel (Generation X) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Leisure Travel (Generation X) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Leisure Travel (Millennial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Leisure Travel (Millennial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Leisure Travel (Generation Z) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Leisure Travel (Generation Z) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Leisure Travel (Lodging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Leisure Travel (Lodging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Leisure Travel (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Leisure Travel (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Leisure Travel (Food and Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Leisure Travel (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Leisure Travel (Events and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Leisure Travel (Events and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Leisure Travel (Other Expenditure Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Leisure Travel (Other Expenditure Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Leisure Travel (Conventional Channel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Leisure Travel (Conventional Channel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Leisure Travel (Online Channel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Leisure Travel (Online Channel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Canada: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Canada: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Asia-Pacific: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Asia-Pacific: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: China: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: China: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Japan: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Japan: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: India: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South Korea: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South Korea: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Australia: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Australia: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Indonesia: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Indonesia: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Germany: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Germany: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: France: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: France: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: United Kingdom: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: United Kingdom: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Italy: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Italy: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Spain: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Spain: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Russia: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Russia: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Latin America: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Brazil: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Brazil: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Mexico: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Mexico: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Middle East and Africa: Leisure Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Middle East and Africa: Leisure Travel Market: Breakup by Country (in %), 2021
Figure 83: Middle East and Africa: Leisure Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Global: Leisure Travel Industry: SWOT Analysis
Figure 85: Global: Leisure Travel Industry: Value Chain Analysis
Figure 86: Global: Leisure Travel Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Leisure Travel Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Leisure Travel Market Forecast: Breakup by Traveler Type (in Million US$), 2022-2027
Table 3: Global: Leisure Travel Market Forecast: Breakup by Age Group (in Million US$), 2022-2027
Table 4: Global: Leisure Travel Market Forecast: Breakup by Expenditure Type (in Million US$), 2022-2027
Table 5: Global: Leisure Travel Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 6: Global: Leisure Travel Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Leisure Travel Market: Competitive Structure
Table 8: Global: Leisure Travel Market: Key Players


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