Logistics, lodging, food, retail, recreation, and other tourism services are just a few of the well-established industries that make up the leisure travel economy. Businesses, both large and small, in related industries work hard to build experiences that unite people, support communities, and increase a nation's economy. Significant tourism-related investments have a multiplier effect on the economy, boosting aggregate demand, private investment, infrastructure development, and employment. Tourism has seen impressive growth in recent years and attracted the attention of tourism development experts, policy makers, and industry leaders, particularly in the developing regions of Asia-Pacific and Africa. Tourism provides both direct and indirect assistance to a nation's economy.
The emphasis has shifted in recent years from goods to experiences. Consumer durable and apparel spending has slowed down, whereas experiential spending on entertainment, travel, and food has grown quickly. As a result, demand for goods is being outpaced by travel. The trend coincides with an increase in international outbound travellers over the past few years. The expansion of low cost airlines, government programmes, and technological advancements are expected to be the main drivers of the robust growth in the anticipated future.
Based on traveller type, sales channel, age group, expenditure type, and region, the leisure travel market has been divided. The leisure travel market is divided into solo and group travel based on the type of traveller. The global market is researched using both traditional and online sales channels, depending on the sales channel. Baby boomers, Generation X, Millennials, and Generation Z make up the different age groups. The market is divided into lodging, transportation, food and drink, events & entertainment, and others based on the type of expenditure. The market is examined in terms of regions, including North America, Europe, Asia-Pacific, and LAMEA.
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Key players in the global Leisure Travel market
Expedia
Booking
Tuniu
Hostelworld
Hotel Urbano
TripAdvisor
Yatra Online
Tourism
MakeMyTrip
Alibaba
Ctrip.Com International
Thomas Cook
AirGorilla
Trivago
Airbnb
Hays Travel
CheapOair.Com
Priceline
on the basis of types, the Leisure Travel market
3 Days
3-7 Days
7-14 Days
on the basis of applications, the Leisure Travel market
Group Travel
Personal Travel
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions
North America
United States
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific
China
Japan
South Korea
Australia
India
South America
Brazil
Argentina
Columbia
Middle East and Africa
UAE
Egypt
South Africa
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