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China Tourism Market Trends 2023- Industry Share, Revenue, CAGR Status, Growth Drivers, Business Challenges and Future Investment Strategy Till 2033: SPER Market Research

admin December 4, 2023 Business, News, Travel & Tourism

People relocate for a range of reasons, which are connected to travel and tourism, such as sports, education, trade, and leisure. It could be worldwide, long-distance, local, or both. Due to factors including rising disposable income, government support, expanding infrastructure, and more user-friendly technologies, the tourism industry has enormous growth potential on a global scale.

According to SPER market research, ‘China Travel and Tourism Market Size- By Type, By Application, By Traveler Type, By Travel Mode, By Booking- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the China Travel and Tourism Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.

Quick Economic Growth: The middle class in China is expanding and becoming more affluent as a result of the country’s continuous economic growth. As a result, there is now a stronger desire among Chinese people to travel, both domestically and internationally. Government Initiatives: The Chinese government has been actively promoting tourism as part of its aim for economic development. Among the projects are the “Belt and Road” program and policies to encourage overseas travel. China’s diverse cultural sites, such as the Great Wall, the Forbidden City, and the Terracotta Army, and its rich historical history entice both domestic and foreign tourists.

China’s travel and tourism sector, which is being propelled by both economic growth and government efforts, faces a variety of challenges. Foreign tourism is impacted by travel restrictions and bad opinions brought on by geopolitical issues. Problems with environmental sustainability, such as pollution and the effect of tourists on delicate ecosystems, call for a careful balance between development and conservation. The sector is also vulnerable to disruptions caused by global health emergencies, as evidenced by the significant outcomes of events like the COVID-19 pandemic, which lead to restrictions, a decline in demand, and monetary losses.

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Impact of COVID-19 on China Travel and Tourism Market

The COVID-19 pandemic has fundamentally altered consumer behaviour and upended industry dynamics in China’s travel and tourism sector. For the once-thriving company, travel restrictions, broad lockdowns, and safety concerns posed previously unheard-of problems. Strict border controls and quarantine regulations have led to a major decline in foreign travel to and from China. The reduction in domestic travel brought about by people skipping pointless journeys had an impact on a number of industries, including lodging, transportation, and tourism. Numerous enterprises saw financial strain and operational challenges as a result of the downturn in tourism-related activity.

China Travel and Tourism Market Key Players:

Additionally, some of the market key players are Agate Travel, Great Tibet Tour, Intrepid Travel, Silk Road Trips, TravelChinaGuide Tours, Truly China Travel.

China Travel and Tourism Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Type: Based on the Type, China Travel and tourism Market is segmented as; Leisure, Educational, Business, Sports, Medical Tourism, Others.

By Application: Based on the Application, China Travel and tourism Market is segmented as; Domestic, International.

By Traveler Type: Based on the Traveler Type, China Travel and tourism Market is segmented as; Solo Traveler, Couple Traveler, Group Traveler.

By Travel Mode: Based on the Travel Mode, China Travel and tourism Market is segmented as; Travel Packages, Self-Catered.

By Booking: Based on the Booking, China Travel and tourism Market is segmented as; Online, Offline.

By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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China Travel and Tourism Market Challenges

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Germany Travel and Tourism Market Growth, Industry Share, Size, Rising Trends, Revenue, CAGR Status, Challenges, Future Opportunities and Forecast till 2033: SPER Market Research

admin November 27, 2023 News, Travel & Tourism

People relocate for a number of purposes, such as sports, education, trade, and leisure, and this is the focus of travel and tourism. It may involve worldwide, long-distance, local, or a mix of the two types of communication. Due to elements including rising disposable income, government support, growing infrastructure, and more user-friendly technologies, tourism has enormous development potential on a worldwide scale.

According to SPER market research, ‘Germany Travel and Tourism Market Size- By Type, By Product/Service Offering, By Purpose of Visit – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Germany Travel and Tourism Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.

There are multiple factors propelling the growth of the market. Excellent beach resorts and other travel destinations can be found in Germany, and growing tourism areas are getting ready to benefit from the rising demand from tourists. Trekking in Germany’s central uplands and climbing in Saxony’s Elbe sandstone mountains are two popular hiking and sports destinations. Furthermore, Tourists are also becoming increasingly willing to spend money on leisure activities as the economies of developing countries improve and opportunities for income growth expand outside. Travelers invest time and resources in seeking out well-liked and reasonably priced tourist spots in addition to visiting locations that offer excellent guest services.

There are several challenges facing the German travel and tourist market, from industry-specific problems to external effects. The effects of world events and economic downturns, which could lead to a drop in foreign visitors, are a significant barrier. Passenger confidence and behaviour can be impacted by geopolitical tensions, health crises, and economic concerns. The travel sector is particularly susceptible to these events. The growing demand from travellers for eco-friendly and responsible tourism activities presents additional issues related to sustainability and environmental awareness.

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After COVID-19, travel restrictions pertaining to health caused considerable harm to the tourism sector. As international visitor visits fell sharply by July 2020, the pandemic’s devastating impacts were becoming apparent. This spillover effect affected not only the tourism business but additional industries that were closely associated, such as shopping and dining. As such, demand for a wide range of goods and services is fueled by tourism, which has emerged as a significant economic force. To obtain stability and a larger market share, travel and tourism organizations had to overcome difficulties by implementing daring strategies that valued flexibility and adaptation.

Additionally, some of the market key players are UI Deutschland GmbH, GBT Germany GmbH, BCD Travel Germany, GmbH, CWT Beheermaatschappij BV Germany, DER Touristik Central Europe GmbH, FTI, Touristik GmbH, alltours Flugreisen GmbH.

Germany Travel and Tourism Market Key Segments Covered

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Type: Based on the Type, Germany Travel and Tourism Market is segmented as; Domestic, Inbound, Outbound.

By Product/Service Offering: Based on the Product/Service Offering, Germany Travel and Tourism Market is segmented as; Ticket Reservation, Hotel Booking, Holiday/Tour Packages, Travel Insurance, Others.

By Purpose of Visit: Based on the Purpose of Visit, Germany Travel and Tourism Market is segmented as; Business, Education, Leisure & Recreation, Medical, Others, Social Activity.

By Region: This research also includes data for Eastern Region, Western Region, Southern Region, and Northern Region.

For More Information, refer to below link:-

Germany Travel and Tourism Market Outlook

Mobile Travel Booking Market Size- By Payment Mode, By Application, By Tourism Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Singapore Travel and Tourism Market Share 2023- Industry Trends, Revenue, Business Challenges, CAGR Status, Future Investment and Growth Opportunities Till 2033: SPER Market Research

admin November 22, 2023 Business, News, Travel & Tourism

People move throughout the world for a variety of purposes, including business, sports, education, and leisure. This movement is referred to as travel and tourism. Long distance, short distance, and international travel are all possible. The surge in disposable income, government assistance, infrastructure development, and technological integration to ease commuting are all contributing to the enormous growth potential that the tourist business is experiencing globally.

According to SPER market research, ‘Singapore Travel and Tourism Market Size– By Type, By Service Type, By Occupants – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Singapore Travel and Tourism Market is predicted to reach USD 41.58 billion by 2033 with a CAGR of 4.21%.

Singapore’s tourism sector, a crucial contributor to its economy, thrives on high demand, driven by its remarkably low crime rates. The country’s commitment to safety, environmental friendliness, and conservation, coupled with an efficient public transport system like the Mass Rapid Transit (MRT), enhances its appeal to tourists. Diverse attractions, including fine dining, nature exploration, cultural landmarks, historical sites, and island resorts, contribute to the sector’s growth. Singapore’s tourism market is poised for further expansion through sustainable tourism products, supported by favourable regulations and robust intellectual property protection. Collaboration between public and private sectors, along with the government’s branding initiatives, strengthens the country’s tourism market outlook. Additionally, the increasing trends of internet penetration and digital transformation present new opportunities in the travel and tourism sector, simplifying online bookings and catering to rising discretionary incomes that encourage leisure spending.

Nevertheless, a few factors are deterring travellers from travelling to Singapore, which would eventually hinder the growth of Singapore tourism. Due to Singapore’s high cost of living, one of the primary reasons for the decline in desire for travel there is price. Singapore has relatively expensive hotels, shopping, taxis, and dining when compared to other Asian countries. Additionally, visitors believe that Singapore’s beaches are not as vibrant as those in Australia. As a result, these elements are impeding the expansion of the Singapore travel industry.

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Impact of COVID-19 on Singapore Travel and Tourism Market

Furthermore, the tourism industry suffered greatly with the arrival of COVID-19 in 2019, which was brought on by health-related travel restrictions. The epidemic had a significant impact as evidenced by the sharp percent drop in foreign tourist numbers by July 2020. Retail and eating were among the industries that were impacted, in addition to tourism. The demand for a wide range of goods and services was subsequently influenced by tourism, which became a significant economic factor. Travel and tourism businesses have to deal with difficult situations by implementing audacious plans that prioritised adaptability and flexibility over market share and stability. Fundamental elements like efficient pricing control, good customer connections, and creative thinking are critical to post-crisis success.

Singapore Travel and Tourism Market Key Players:

Additionally, some of the market key players are Chan Brothers Travel Agency, CTC Travel, Dynasty Travel, Indogusto, SA Tours, Others.

Singapore Travel and Tourism Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Type: Based on the Type, Singapore Travel and Tourism Market is segmented as; Budget, Premium, Standard.

By Service Type: Based on the Service Type, Singapore Travel and Tourism Market is segmented as; Accommodation, Food & Beverages, Others.

By Occupants: Based on the Occupants, Singapore Travel and Tourism Market is segmented as; Group, Solo.

By Region: This research also includes data for Eastern Region, Northern Region, Southern Region, Western Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Singapore Travel and Tourism Market Growth Opportunity

Global Wellness Tourism Market Size- By Service, By Travel Purpose, By Travel Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Europe Tourism Market Growth 2023- Industry Share, Revenue, Upcoming Trends, Business Challenges, Future Opportunities and Forecast Analysis Report 2033: SPER Market Research

admin September 29, 2023 Business, Travel & Tourism

By generating resources and jobs, fostering sustainable development, promoting cultural assets, and fortifying European identity, tourism makes a substantial contribution to the growth of European areas. Infrastructure for the tourism industry contributes more broadly to the expansion of the local economy, creates or maintains jobs, and partially makes up for the decline in the manufacturing sector.

According to SPER market research, ‘Europe Tourism Market Size- By Type, By Purpose – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Tourism Market is predicted to reach USD 2067.04 billion by 2033 with a CAGR of 6.01%.

Increased disposable income: People now have more money to spend on themselves globally. Rising salaries and falling prices for basic essentials like food and clothing are to blame for this. Nowadays, many families have two income earners, fewer children, and frequently use private transportation. All of these things will support the growth of the European tourism sector.

However, the market faces a number of challenges.

Increasing crime:

Travel advisories and cancellations are routinely issued in response to crimes committed against visitors, especially murder and kidnapping, which can have both short- and long-term impacts. To get tourists to go to locations that are traditionally thought of as risky, it takes time and a substantial marketing push. The largest barrier to the sector’s expansion is the rise in crime and terrorism in Europe.

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Impact of COVID-19 on Europe Tourism Market

The COVID-19 epidemic has had a severe and long-lasting effect on the European tourism industry. The continent—known for its rich history, numerous cultures, and iconic landmarks—faced unprecedented challenges as travel restrictions, lockdowns, and health concerns immobilized the tourism industry. Many of Europe’s heavily tourist-dependent countries, such as Spain, Italy, and Greece, suffered economically as a result of the sharp decline in international visitors.

Europe Tourism Market Key Players

Furthermore, Southern Europe, which includes nations like Spain, Italy, Greece, and Portugal, is recognized for its Mediterranean allure. These locations draw millions of visitors each year with their breathtaking beaches, storied cities, and delectable cuisine. Cultural aficionados are drawn to the area by its rich cultural heritage, which includes historic ruins, Renaissance artwork, and lively festivals.. Additionally, some of the market key players are Topdeck, Globus Journey, Trafalgar, Intrepid Travel, Abercrombie & Kent, Topdeck, and Insight Vacation.

Europe Tourism Market Segmentation:

By Type: Based on the Type, Europe Tourism Market is segmented as; Boxes, Bags, Tapes, Protective Packaging, Labels, Mailers, and Others.

By Purpose: Based on the Purpose, Europe Tourism Market is segmented as; Adventure, Business, Medical, Religious, Others

By Region: This research also includes data for Eastern Region, Southern Region, Western Region, Northern Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link: –

Europe Tourism Market Growth

Sports Tourism Market Size- By Type, By Product, By Category – Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Travel and Tourism Spending Market Growth 2022, Global Industry Share, Revenue, Rising Trends, Challenges, Future Opportunities and Forecast 2032: SPER Market Research

admin September 27, 2023 News, Travel & Tourism

The amount of money that people, organizations, or governments spend on various leisure travel-related activities is referred to as travel and tourism spending. This spending includes a wide range of costs, such as travel, lodging, meals, entertainment, and different types of leisure activities. Spending on travel and tourism is crucial to the global economy because it promotes growth by bringing in money for tour operators, hotels, restaurants, and other related businesses.

According to SPER market research, ‘Travel and Tourism Spending Market Size- By Type, By Application, By Travel Days- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Travel and Tourism Spending Market is predicted to reach USD 20.29 billion by 2032 with a CAGR of 15.75%.

Travel and tourism are on the rise as a result of various fundamental changes, including increased urbanization and an increase in disposable income. Cultural heritage is expected to boost the economy because travelers from all over the world are keen to encounter varied cultures, local monuments, and local locations. This, in turn, is fueling market growth.

People’s desire to explore unusual places and get new experiences will help to the expansion of the travel and tourism expenditure industry in the future years. Millennial travelers, in particular, have demonstrated a strong desire for one-of-a-kind or once-in-a-lifetime experiences, which may improve business trends for travel and tourism spending.

However, In today’s quickly expanding digital landscape, information technology (IT) faces a slew of challenges. Cybersecurity risks provide a big concern. As technology evolves, so do the techniques and complexity of cyberattacks. Protecting sensitive data and infrastructure from hostile parties has become an ongoing challenge.

Another difficulty is the quick pace of technological change. Keeping up with the latest innovations can be difficult for firms, resulting in difficulties such as technical obsolescence and skill gaps among personnel.

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Global travel and tourist spending is one of the businesses most badly impacted by the Covid-19 outbreak. Lockdowns and other restrictions on domestic and international travel have had a substantial influence on these industries. The countries’ fundamental reliance on domestic travel and other modes of transportation is what will mostly cause the expected delayed recovery. Since enterprises have transitioned to an online form, the impact on business travel is likely to be greater than on leisure travel.

Furthermore, a regional market study indicates various trends and dynamics shaped by geographical factors and local conditions. The information technology (IT) market in North America, for example, is characterized by a high level of innovation and investment, with large tech centres in Silicon Valley, Seattle, and the Northeastern United States. Cloud computing, cybersecurity solutions, and emerging technologies such as artificial intelligence and blockchain are driving the industry. Additionally, some of the market key players are Accor, Adris Grupa, Airbnb Inc., Balkan Holidays, Carnival Corporation, Crown Resorts, G Adventures, Hilton Worldwide Holdings, OYO Rooms, TUI Group.

Travel and Tourism Spending Market Key Segments Covered

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.

By Type: Based on the Type, Global Travel and Tourism Spending Market is segmented as; Domestic Expenditure, International Expenditure.

By Application: Based on the Application, Global Travel and Tourism Spending Market is segmented as; Business Travel, Leisure Travel, Others.

By Travel Days: Based on the Travel Days, Global Travel and Tourism Spending Market is segmented as; 7 Days, 7 – 15 Days, more than 15 Days.

By Region: It is anticipated that the increase in visitors visiting European nations like the UK, France, Germany, and others in recent years will spur growth in travel and tourism spending in this area. It is also possible to anticipate that increasing affordability and rising income will spur expansion in this area.

For More Information, refer to below link:-

Travel and Tourism Market Research Report

Global Space Tourism Market Size-By Tourism Type, By Tour Type, By End User, By Suppliers – Regional Outlook, Competitive Strategies and Segment Forecast to 2032

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Domestic Tourism Market Share 2023- Latest Business Trends, Growth Opportunities, Top Key Players, Challenges and Future Strategies Report 2022-2032: SPER Market Research

admin September 20, 2023 Business, News, Travel & Tourism

Domestic tourism pertains to travel conducted by a country’s residents within the borders of their own nation. It encompasses various activities, including trips to visit relatives and friends or embarking on religious pilgrimages.

According to SPER market research, ‘Global Domestic Tourism Market Size– By Location, By Mode of Booking, By Tour Type, By Age Group- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Domestic Tourism Market is predicted to reach USD 5693.24 billion by 2032 with a CAGR of 13.65%.

There are several factors that contribute to the growth of domestic tourism market. The rising disposable income and shifting lifestyles of individuals around the world are two key global market drivers. People are more inclined to travel domestically or abroad for holidays, business trips, or other objectives when they spend more money on leisure activities. Travelers seek out lesser-known locations, off-the-beaten-path activities, and local cultural immersion due to their growing desire for distinctive and authentic experiences. By providing customised experiences, eco-tourism options, and cultural tourism initiatives, the domestic tourist industry is adjusting to these shifting demands.

However, the incidence of natural disasters, pandemics, and other unforeseen events that might thwart travel plans and result in huge financial losses for both tourists and corporations is one key limitation on the worldwide market. Travel restrictions, border closures, aircraft cancellations, and decreased demand for travel are all possible outcomes of these occurrences. Additionally, the detrimental effects of tourism on the environment and regional populations may spark protests and backlash from locals, which may further harm the reputation and financial success of the sector. To overcome these obstacles, the industry is focusing on disaster preparedness strategies and sustainable tourist practises.

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Additionally, due to widespread lockdowns brought on by the COVID-19 epidemic, international travel has become substantially less popular, which has hampered both domestic and international mobility. The current global health crisis is still having a significant impact in many different places. A two- to three-year timescale for the global tourism industry’s revival makes a quick comeback seem impossible. China and India, two popular tourist destinations, must take immediate action to alleviate the current health issue. International tourism has decreased as a result of Southeast Asian countries’ hesitation to reopen their borders to foreign travellers. This scenario offers domestic travel service providers exciting commercial opportunities, supporting the expansion of the domestic travel sector.

Geographically, North America led the worldwide market, thanks to popular destinations like the United States and Canada, offering diverse attractions. APAC is the fastest-growing region, driven by rising disposable income and changing lifestyles in emerging economies like China and India, which boast diverse tourist attractions. Additionally, some of the market key players are Abercrombie & Kent USA LLC, American Express Travel, JTB Americans, Ltd., TUI Group, World Travel, Inc., Others.

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Domestic Tourism Market Scope

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Mobile Travel Booking Market Growth and Share, Industry Trends, Key Players, Technologies, Challenges, Opportunities and Forecast 2033: SPER Market Research

admin July 20, 2023 Business, Travel & Tourism

The process of making reservations for and purchasing travel-related services and goods using a smartphone or tablet is known as mobile travel booking. It enables customers to effortlessly book travel-related services including hotels, cars, holiday packages, and activities whenever and wherever they choose. Users can receive special mobile promos and individualised recommendations based on their tastes with the help of simple pricing and option comparisons.

According to SPER market research, ‘Mobile Travel Booking Market Size- By Payment Mode, By Application, By Tourism Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Mobile Travel Booking Market is predicted to reach USD 753.71 billion by 2033 with a CAGR of 10.93%.

The Global Mobile Travel Booking market has experienced significant growth in recent years due to several driving factors. The global mobile travel booking market is projected to experience substantial growth, primarily due to the widespread adoption of smartphones worldwide. Over the past five years, the number of smartphone users has significantly increased, driven by competitive pricing and technological advancements in smartphones. The introduction of new smartphones with advanced features also contributes to the rising demand. Furthermore, technological progress, coupled with increasing disposable incomes in emerging economies, fuels the adoption of mobile travel booking services. Public-private partnerships in the transportation sector, aimed at enhancing the travel experience, further drive the adoption of mobile travel booking solutions.

However, there are a number of obstacles facing the global mobile travel booking sector. Since sensitive data is communicated on mobile platforms, security considerations are of the utmost importance in order to protect user information and foster trust. The booking procedure is hampered in some areas by poor internet connectivity, which makes it difficult for customers to obtain travel services. Due to the market’s intense competition, businesses must continually innovate in order to stand out, and they must spend money on voice search, AI, and machine learning technology. The problems faced by participants in this dynamic and evolving market include adjusting to constantly changing customer tastes, seamless cross-platform interoperability, and navigating regulatory constraints.

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During the COVID-19 epidemic, the global market for mobile travel bookings experienced a reduction as a result of travel restrictions and lockdowns, which led to a decrease in bookings as a result of cancelled or postponed travel plans. Many mobile travel booking companies experienced major income losses as a result of the decreased demand, which resulted in cost-cutting measures, employee layoffs, and even business closures. Additionally, the pandemic led new rivals to enter the mobile booking market with their own services, including airlines and hotels. This heightened rivalry put additional pressure on the income and expansion prospects of already-established mobile travel booking companies.

Geographically, Asia-Pacific experienced the highest growth in the mobile travel booking market in 2021 and is projected to be the fastest-growing region during the forecast period. The region’s increasing popularity of mobile payments contributes to this growth, as travelers utilize mobile devices for planning and payment. Furthermore, the rising prevalence of chatbots, AI technology, and the popularity of low-cost carriers also positively impact the travel booking business in Asia-Pacific. Additionally, some of the market key players are CheapOair.Com, Ctrip.Com International, Expedia Inc., Thomas Cook Group Plc., Tourism SA., Trip Advisor LLC, Trivago GmbH, Others.

Mobile Travel Booking Market Key Segments Covered

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Payment Mode: Based on the Payment Mode, Global Mobile Travel Booking Market is segmented as; Debit/Credit Card, E-Wallets, UPI, Others.

By Application: Based on the Application, Global Mobile Travel Booking Market is segmented as; Accommodation Booking, Transportation Booking, Vacation Packages, Others.

By Tourism Type: Based on the Tourism Type, Global Mobile Travel Booking Market is segmented as; Domestic, International.

By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.

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Mobile Travel Booking Market Forecast

Travel and Tourism Spending Market Size- By Type, By Application, By Travel Days- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

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Wellness Tourism Market Trends 2023 – Global Industry Share, Revenue, CAGR Status, Future Growth, Business Challenges and Forecast Strategies Research Report 2033: SPER Market Research

admin July 18, 2023 Business, News, Travel & Tourism

Wellness tourism encompasses tourism activities that aim to enhance and improve an individual’s physical, mental, and spiritual well-being. Travelers engage in a range of activities such as yoga, meditation, spas, and visits to hot spring resorts to promote their overall wellness. Interacting with locals who have experienced different cultures also plays a role in enhancing personal well-being. With the rising number of global tourists, there is a growing demand for various well-being services. Service providers are concentrating on delivering spa therapies and other activities to ensure customer satisfaction. Furthermore, increased investment in the tourism sector is expected to have a positive influence on the market.

According to SPER market research, ‘Wellness Tourism Market Size- By Service, By Travel Purpose, By Travel Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Wellness Tourism Market is predicted to reach USD 3034.37 billion by 2033 with a CAGR of 12.89%.

A number of factors promote the growth and popularity of the global wellness tourism business. Governments and tourism organisations are increasingly supporting wellness tourism as they see its potential for economic gain. This has accelerated its development. The industry has grown as a result of initiatives to build infrastructure, advertise wellness destinations, and encourage stakeholder collaboration.

Globally, the development of the wellness tourism sector has been greatly aided by rising well-being awareness and interest, technology development, diversification of wellness experiences, and supportive industry activities.

For some potential visitors, the notion of wellness tourism as a luxury or indulgence may act as a deterrent. Wellness travel pursuits may be seen as secondary by some people compared to other travel interests like adventure or cultural exploration. It might be difficult to change this mindset and emphasise the value and significance of wellbeing as an essential component of travel. In the wellness tourism sector, sustainability and responsible tourism practises are becoming more and more crucial. It can be difficult to strike a balance between the need for expansion and profitability and environmental and social responsibility. For wellness tourism to be sustainable over the long term, it is essential to make sure that its operations respect local cultures, the environment, and local communities.

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Impact of COVID-19 on Global Wellness Tourism Market

The COVID-19 pandemic had a significant impact on the wellness tourism market, as it faced various challenges caused by travel restrictions, stay-at-home orders, and business closures. Many countries implemented border closures and suspended international flights, leading to a sharp decline in tourist numbers. The widespread economic slowdown resulted in business shutdowns, job losses, layoffs, and reduced consumer purchasing power. Additionally, concerns about contracting the virus further deterred people from engaging in international travel.

Wellness Tourism Market Key Players:

Geographically, North America held the largest market share in the wellness tourism industry. Europe holds the second prominent position in the market, driven by the growing demand for well-being services due to the rising cases of stress-related health issues. Spain, with its abundance of thermal springs known for their therapeutic properties, is particularly popular among international tourists in the European Union. The Asia Pacific region is expected to experience significant growth in the wellness tourism market. Additionally, some of the market key players are Accor, Four Seasons Hotels Limited, Omni Hotels & Resorts, Radisson Hospitality, Rancho La Puerta, Inc., Rosewood Hotel Group, Others.

Wellness Tourism Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Service:

Food & Beverage
In-country Transport
Lodging
Shopping
Wellness Activities
Others

By Travel Purpose:

Primary
Secondary

By Travel Type:

Domestic
International

By Region:

Asia-Pacific
Europe
Middle East & Africa
North America
Latin America

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Wellness Tourism Market Future Opportunity

Luxury Cruise Tourism Market Size- By Cruise Lines, By Cruising Type, By Services, By Booking Mode- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

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Adventure Tourism Market Growth 2023, Emerging Trends, Regional Insights, Growth Drivers, Business Challenges, Future Opportunities and Competitive Analysis Report 2023: SPER Market Research

admin July 12, 2023 Business, News, Travel & Tourism

Travelling to distant, unusual, and interesting locations with the intention of taking part in thrilling and adventurous activities is known as adventure tourism. It focuses on offering unusual and exhilarating experiences to tourists looking for thrills, challenges, and a change from typical tourist attractions. Adventure tourism encompasses travel and exploration activities where individuals embark on thrilling and adventurous experiences. It includes a diverse range of activities like trekking, climbing, scuba diving, rafting, camping, skiing, hiking, bungee jumping, and paragliding. These activities can be categorized into two types: hard adventure, which necessitates advanced skills and expert guidance, and soft adventure, which is accessible to individuals with basic skills.

According to SPER market research, ‘Adventure Tourism Market Size- By Type, By Activity, By Type of Traveller, By Booking Mode, By Age Group – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Adventure Tourism Market is predicted to reach USD 1374.20 billion by 2033 with a CAGR of 15.70%.

A growing demand for genuine and customised travel experiences is driving expansion in the adventure tourism industry. Factors such as rapid urbanization, higher disposable income, the influence of social media, and affordable ticket prices contribute significantly to this trend. Key industry players collaborate with marketing firms to leverage internet advertising and reach a wider customer base, thereby stimulating demand for adventure travel on a global scale. Moreover, several government agencies in different countries are actively promoting adventure tourism, recognizing its potential to generate employment opportunities and foster community development. As a result, adventure tourism is expected to gain further popularity worldwide.

The impacts of climate change, environmental degradation brought on by traveller behaviour, concerns about cultural preservation, rising travel costs, geopolitical instability, a lack of commitment to sustainability, problems with service delivery, and insufficient security measures are some of the challenges the global adventure tourism market must overcome.

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Impact of COVID-19 on Global Adventure Tourism Market

The world market for adventure tourism has been significantly impacted by the COVID-19 outbreak. International travel and tourism operations have been severely hampered by the adoption of travel restrictions, border closures, and lockdown measures. Travellers’ inability or unwillingness to embark on such journeys has had a particularly negative impact on adventure tourism, which frequently entails travel to far-flung and exotic locations. Adventure tourism demand has fallen dramatically as a result of uncertainty, fear of infection, and shifting travel laws. The difficulties the sector is facing have been made even more difficult by the closure of adventure tourism enterprises, trip cancellations, and financial losses. The successful containment of the virus, broad immunisation, and the restoration of traveller confidence are prerequisites for the resuscitation of the world adventure tourism sector.

Adventure Tourism Market Key Players:

Geographically, Europe was the leading region in the adventure tourism market in 2022 and is projected to experience growth due to its diverse offerings. With historically significant countries, cultures, languages, and cuisine, Europe attracts travelers from around the world. The region boasts well-developed transport and tourism infrastructure, thanks to its advanced status. Additionally, Europe’s pleasant climate adds to its appeal for tourists seeking comfortable travel experiences. Additionally, some of the market key players are Austin Adventures, Intrepid Group, Itd., Mountain Travel Sobek, Tui Group, Others.

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Adventure Tourism Market Future Trends

Global Wellness Tourism Market Size- By Service, By Travel Purpose, By Travel Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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UAE Medical Tourism Market Growth and Share, Rising Trends, Demand, Challenges, Future Opportunities and Forecast 2033: SPER Market Research

admin June 16, 2023 News, Travel & Tourism

Medical tourism involves individuals traveling to another country to receive medical treatment or healthcare services that may be more affordable, have shorter waiting times, or offer advanced technology. The practice has gained popularity due to rising healthcare costs, long waiting lists, and the desire to combine treatment with travel experiences.

Advantages of medical tourism include cost savings, as treatments can be cheaper in other countries, improved accessibility to timely procedures, access to quality healthcare facilities and skilled professionals, and the opportunity to combine treatment with travel and vacation. This allows patients to receive medical care in a pleasant and relaxing environment while exploring new destinations.

According to SPER market research, ‘UAE Medical Tourism Market Size- By Product Type, By Application, By Mechanism, By Type, By End-User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the UAE Medical Tourism Market is predicted to reach USD 2.20 billion by 2033 with a CAGR of 8.72%.

Raising demand for procedures not covered by insurance, such as aesthetic surgery, dental reconstruction, fertility treatment, high-end investments and gender reassignment operations, in healthcare infrastructure, are driving demand for the UAE medical tourism market. Other factors that are projected to enhance the UAE medical tourism market over the forecast period include favourable government policies and an increase in the number of excellent healthcare facilities and laboratories. Additionally, the UAE combines medical services with luxury hospitality, offering patients a unique healthcare experience. Many healthcare facilities provide personalized services, luxury amenities, and a focus on patient comfort and well-being. This integration of healthcare and luxury tourism appeals to patients seeking a holistic and indulgent medical experience.

Despite the many drivers and opportunities for growth in the medical tourism market in UAE, there are also several challenges that must be addressed. Limited public awareness of available medical services and facilities in the UAE is a challenge for the growth of medical tourism. Besides this, Ethical and legal considerations play a role, with patients needing assurance that chosen healthcare facilities adhere to ethical practices and local regulations for patient rights and safety. Additionally, language and cultural barriers hinder effective communication between international patients and healthcare providers. Also, insurance coverage and reimbursement for medical tourism procedures vary, resulting in financial burdens for patients.

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In addition, The COVID-19 pandemic significantly impacted the medical tourism market in the UAE. Travel restrictions and reduced international mobility led to a decline in medical tourists visiting the country. Deferred elective procedures and safety concerns further contributed to the decrease in patient confidence and willingness to travel abroad for treatment. The shift towards telemedicine and local healthcare also emerged during the pandemic.

Overall, the UAE has become a popular destination for medical tourism due to its high-quality healthcare infrastructure, specialist expertise, government support, accessibility, reputation for safety and quality, diverse range of treatments, and integration of luxury healthcare services. These factors have positioned the UAE as a leading global destination for medical tourism. Additionally, some of the market key players are Shifa International, Tours Cure, Thumbay Medical Tourism, Ontime Healthcare, Royal Cure.

UAE Medical Tourism Market Key Segments Covered

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Type: Based on type, UAE Medical Tourism Market is segmented as; Inbound and Outbound.

By Treatment Type: Based on the Treatment Type, UAE Medical Tourism Market is segmented as; Dental, Orthopaedic, Cosmetic, Paediatric, Fertility, Gynaecological, Others.

By Region: This report also provides the data for key regional segments of Sharjah, Abu Dhabi, Dubai, Rest of UAE.

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Dubai Medical Tourism Market Size

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