Germany Travel &
Tourism market is anticipated to grow at a rate of steady CAGR for the forecast
period, 2022-2026. Germany is considered one of the most popular tourist
destinations for native Germans and international visitors. Germany has a
diverse landscape, cultural sites. It offers a plethora of opportunities for
leisure and sports activities and famous cities like Berlin, Munich, Cologne,
Hamburg, which attract many tourists to visit every year.
Germany offers
excellent travel opportunities to both domestic and international travelers
through various schemes that, in turn, are expected to boost the demand for the
Germany Travel & Tourism market in the next five years.
Increasing Expenditure Capacity of
Tourists Supports the Market Growth
The improvement in the economic
conditions in developing countries and the growing income opportunities in
other countries increase tourists' willingness to spend on leisure activities.
Tourists invest time and resources to search for popular and affordable tourist
destinations and visit places offering quality hospitality services.
Growing
internet penetration across the globe and the proliferation of smart devices
are increasing consumers' awareness to make the right decisions. Tourists are
creating the demand for customized tour packages that are personally tailored
according to the need for visiting destinations, budget, and time constraints.
Market players are offering these services and providing the tourists with
other additional benefits to boost the sales of their holiday packages.
Germany’s Diversity Attracts Tourists
from All Over the World
Germany boasts of excellent seaside
resorts and several travel hotspots, and the developing tourist regions are
planning to capitalize on the growing demand to visit Germany as a tourist
destination. Germany is popular for hiking and other sports activities, such as
the country's central uplands for hiking trips and the Elbe sandstone mountains
in Saxony, which are highly popular among climbers.
Most international visitors
in Germany come from the Netherlands, the United States, Switzerland, Austria,
and the United Kingdom. Specific tourist destinations are in high demand among
tourists, such as Bavaria, North Rhine-Westphalia, Baden-Württemberg, and
Berlin, attracting many tourists every year to visit the country.
Growing Use of Digital Services Boost
the Market Demand
Travel & tourism industry market
players are using digital services to promote their brand and expand their
consumer base. Market players are making high-end investments in developing
online websites and mobile applications to provide travel & tourism
services all over the globe. Information about the famous tourist destinations
and the availability of customer service executives explaining and solving
tourists' queries are expected to increase the online traffic on these online traveling
channels.
Tourists can easily explore the available options and make the right
choices on the basis of the cost of traveling, tickets, travel restrictions,
transport, and accommodation facilities. Market players provide cashless
payment options and offer lucrative discounts on traveling packages to attract
tourists to purchase online sales channels. The use of advanced technologies
such as artificial intelligence, big data analytics, machine learning,
blockchain technology, which collects essential information and generates
insights, helps in better customer engagement and providing enhanced services
to the potential tourists.
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Market Segmentation
The Germany travel & tourism market
is segmented on the basis of type, product/service
offering, purpose of visit, regional distribution, and company. Based on
the type, the market is divided into domestic, inbound, and outbound. Based on
the product/service offering, the market is divided into ticket reservation,
hotel booking, holiday/tour packages, travel insurance, others. Based on the purpose
of visit, the market is divided into business, leisure & recreation,
education, medical, social activity, and others. To analyze the market based on
the region, the Germany travel & tourism market is studied in major regions
namely Western region, Central region, Eastern region, and Rest of Germany.
Market Players
TUI Deutschland GmbH, GBT Germany GmbH,
BCD Travel Germany GmbH, CWT Beheermaatschappij BV Germany, DER Touristik
Central Europe GmbH, FTI Touristik GmbH, alltours Flugreisen GmbH, AIDA Cruises
- German Branch of Costa, Crociere SpA, schauinsland-Reisen gmbh, Airbnb
Germany GmbH, are among the major market players in Germany that lead the
market growth of the Germany travel & tourism market.
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Attribute
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Details
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Base Year
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2020
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Historic Data
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2016 –
2019
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Estimated Year
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2021
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Forecast Period
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2022
– 2026
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Quantitative Units
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Revenue in USD Million, and CAGR for 2016-2020 and 2021-2026
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Report Coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments Covered | - Type
- Product /Service Offering
- Purpose of Visit
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Regional Scope
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Western,
Central, Eastern, Rest of Germany
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Key Companies Profiled
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TUI Deutschland GmbH, GBT Germany GmbH, BCD Travel Germany
GmbH, CWT Beheermaatschappij BV Germany, DER Touristik Central Europe GmbH, FTI
Touristik GmbH, alltours Flugreisen GmbH, AIDA Cruises - German Branch of
Costa, Crociere SpA, schauinsland-Reisen gmbh, Airbnb Germany GmbH
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Customization Scope
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10%
free report customization with purchase. Addition or alteration to regional
& segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
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Report Scope:
In this report, Germany travel &
tourism market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Germany Travel & Tourism Market, By Type:
- Domestic
- Inbound
- Outbound
- Germany Travel & Tourism Market, By Product /Service
Offering:
- Ticket Reservation
- Hotel Booking
- Holiday/Tour Packages
- Travel Insurance
- Others
- Germany Travel & Tourism Market, By Purpose of Visit:
- Business
- Leisure & Recreation
- Education
- Medical
- Social Activity
- Others
- Germany Travel
& Tourism Market, By Region:
- Western
- Central
- Eastern
- Rest of Germany
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Germany Travel & Tourism market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Germany Travel &
Tourism Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]