Rapid growth of the destination travel market: Frosch, Expedia Group, Booking.com
This press release was originally distributed by SBWire
New Jersey, USA – (SBWIRE) – 06/17/2022 – The latest published Global Destination Travel Market study by AMA Research assesses the market size, trend and forecast to 2027. Destination Travel Market study covers important research data and evidence to be a handy reference document for managers, analysts, industry experts and other key people to have study-ready access and self-analyzed to help understand market trends, growth drivers, upcoming opportunities and challenges and about competitors.
Key players in this report include:
Booking.com (Netherlands), Expedia Group (US), American Express Global Business Travel (GBT) (US), BCD Travel (Netherlands), CWT (US), Flight Center Travel Group (Australia), Direct Travel (USA), American Automobile Association (USA), Frosch (USA), Omega World Travel (USA)
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Definition:
Destination travel is spending time away from one’s daily routine or home in pursuit of recreation, relaxation or pleasure while employing commercial services. Tourists visit a tourist attraction because of its inherent or demonstrated natural or cultural value, historical significance, natural or man-made beauty, recreation and entertainment. Beaches, tropical resorts, national parks, mountains, deserts and woods are examples of natural beauty. Traditional tourist attractions include places of natural beauty such as beaches, tropical resorts, national parks, mountains, deserts and woods. Tourists have always flocked to specific places. The destination travel industry has become one of the fastest growing industries in the global economy, contributing significantly to global growth and development. The desire for better service standards has grown as disposable income has increased and upper-middle-class spending has increased.
Market factors:
– Growing number of global outbound tourists
– Increase in people’s disposable income
– Growing demand from vacationers for visiting and exploring foreign culture as well as cuisines is expected to drive the growth of the market
Market trend:
– Developments in the tourism industry are likely to fuel the growth of in-destination travel
– The growing popularity of solo travel is creating new opportunities for destination travel
Market opportunities:
– Rapid expansion in the tourism industry
– Low cost airlines and government initiatives are driving the growth of the market
The global destination travel market segments and market data breakdown are illustrated below:
by type (ethnic destinations, cultural destinations, historical destinations, environmental destinations, business destinations), application (solo, family/group), duration (1-3 days, 4-6 days, 7-9 days, 10-12 days, 13 days or more), mode of travel (airlines, cruises, road, rail)
The Global Destination Travel Market report highlights insights regarding current and future industry trends, growth patterns, as well as offers business strategies to help stakeholders make sound decisions that can help ensure the trajectory of earnings over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:
– The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Egypt, etc.)
– North America (United States, Mexico and Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).
Report objectives
– Carefully analyze and forecast the in-destination travel market size by value and volume.
– -To estimate the market shares of the main Destination Travel segments
– -To present the development of the destination travel market in different parts of the world.
– – To analyze and study the micro markets in terms of their destination travel market contributions, prospects, and individual growth trends.
– -Offer accurate and useful details on the factors affecting destination travel growth
– -To provide a meticulous assessment of crucial business strategies employed by leading companies operating in the Destination Travel market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments and product launches.
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Main highlights of the table of contents:
Destination Travel Market Research Coverage:
– It includes major manufacturers, emerging player’s growth story and major business segments of Destination Travel market, years considered and research objectives. Further, segmentation based on product type, application, and technology.
– Executive Summary of Destination Travel Market: It provides a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, together with macroscopic pointers.
– Destination Travel Market Production by Region Profile of Destination Travel Market Manufacturers-players is studied based on SWOT, their products, production, value, financials and other factors vital.
– Key Points Covered in the Destination Travel Market Report:
– Overview, Definition and Classification of Destination Travel Market Drivers and Barriers
– Competition in the destination travel market by manufacturers
– Analysis of the impact of COVID-19 on the in-destination travel market
– Destination Travel Capacity, Production, Revenue (Value) by Region (2021-2027)
– Destination Travel Supply (Production), Consumption, Export, Import by Region (2021-2027)
– Destination travel production, revenue (value), price trend by type {payment gateway, merchant account, subscription management,}
– Destination Travel Manufacturers Profiles/Analysis Destination Travel Manufacturing Cost Analysis, Industry/Supply Chain Analysis, Sourcing Strategy & Downstream Buyers, Marketing
– Strategy by major manufacturers/players, standardization of connected distributors/traders, regulatory and collaborative initiatives, industry roadmap and analysis of value chain market effect factors.
Browse Full Summary & TOC @ https://www.advancemarketanalytics.com/reports/185938-global-destination-travel-market
Answers to key questions
– How feasible is the destination travel market for long-term investment?
– What are the factors influencing destination travel demand in the near future?
– What is the impact analysis of various factors on the growth of the global destination travel market?
– What are the recent regional market trends and how successful are they?
– Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Contact us:
Craig Francis (Public Relations and Marketing Manager)
AMA Research & Media LLP
Unit #429, Parsonage Road Edison, NJ
New Jersey United States – 08837
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