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Leisure Travel Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Leisure Travel Market- (By Traveler Type – Group and Solo; By Sales Channel – Online Channels and Conventional Channels; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 25-Jan-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0122127
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Leisure Travel Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021 US$ 4,405.5 Bn
Expected Revenue in 2027US$ 6,347.8 Bn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Bn)
CAGR5.7% 
Segments coveredBy Traveler Type, Sales Channel, and Region
Key CompaniesAbsolute Travel, American Express Travel, Backroads, Carlson Wagonlit Travel, Classic Journeys, and other prominent players
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

The factors affecting leisure travel market are changing disposable income, demographics, travel costs and destinations among others.

Global Leisure Travel Market is segmented based on traveler type, sales channel, and region.

The Global Leisure Market is estimated to grow at a CAGR of 5.7% during the forecast period 2022-2027.

The leisure travel market is majorly driven by factors such as changing spending pattern of consumers, increase in diversity and global connectivity.

Factors such as political instability, demand of personalized experience, and lack of skilled workforce at mid and upper level of management are the restraints in the leisure travel market.

The development and use of tourism facilities and infrastructure may require blasting, sand and stone mining, concretization and cause erosion, loss of wildlife habitats and loss of natural drainage. Furthermore, the huge amount of waste generated by the sector is also a growing concern.

Space and wellness tourisms are the emerging opportunities in the leisure travel market.

Solo traveler type has the highest share in the Global Leisure Travel Market.

Online sales channel has the fastest CAGR during the forecast period 2022-2027.

Asia Pacific dominates the Global Leisure Travel Market.

The key players in the market for leisure travel are Absolute Travel, American Express Travel, Backroads, Carlson Wagonlit Travel, Classic Journeys, Cox & Kings Ltd., Expedia Group, TCS World Travel, and Travel Leaders Group among others