Leisure Travel Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Traveler Type (Solo, Group), By Age Group (Baby Boomers, Generation X, Millennial, Generation Z), By Expenditure Type (Lodging, Transportation, Food and Beverage, Events and Entertainment, and Others), By Sales Channel (Conventional Channel, Online Channel), By Region & Competition, 2019-2029F

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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 1.39 Trillion

Market Size (2029)

USD 4.75 Trillion

CAGR (2024-2029)

22.73 %

Fastest Growing Segment

Generation Z

Largest Market

Asia-Pacific

Market Overview

The Global Leisure Travel Market was valued at USD 1.39 trillion in 2023 and is expected to reach USD 4.75 trillion by 2029 with a CAGR of 22.73% during the forecast period. This substantial growth is attributed to rising disposable incomes, an expanding middle class, and a heightened interest in travel experiences. The advent and proliferation of digital technologies and online booking systems have dramatically transformed how travelers plan and book their trips, making travel more accessible and convenient. There is a discernible trend towards eco-friendly and sustainable travel, mirroring the increased awareness of environmental concerns. Service providers are capitalizing on these trends by delivering unique, customized experiences and integrating innovative technology to elevate customer satisfaction. The market is highly adaptive to evolving consumer preferences, increasingly favoring wellness, adventure, and cultural experiences. The COVID-19 pandemic has further accelerated some trends, such as heightened health and safety measures, contactless services, and a preference for domestic travel. The rising trend of "workcations," which blend work and leisure, is also linked to the growing popularity of remote work. Additionally, the adoption of artificial intelligence and data analytics to offer personalized travel recommendations is shaping future market directions. The market's continuous evolution reveals new opportunities and continually adapts to changing dynamics, underpinning its sustained expansion.

Key Market Drivers

Rising Disposable Incomes

The growth of the Global Leisure Travel Market is significantly bolstered by increasing disposable incomes. As individuals and families experience greater economic stability and earnings, they have more financial flexibility to spend on leisure activities and travel. This shift allows consumers to make travel a fundamental part of their lifestyle, leading to increased expenditure on vacations, lodgings, and unique experiences. Emerging economies with growing middle-class populations contribute significantly to this trend, as more people acquire the means and desire to travel. Higher disposable incomes enable consumers to partake in more frequent travels, choose better accommodations, and indulge in more luxurious travel experiences. Notably, the expanding middle class in emerging markets is creating a broader base of potential travelers, thereby driving demand for both domestic and international travel across different regions.

Advancements in Digital Technology

Digital technology's rapid improvements have revolutionized the leisure travel market, making the planning and booking process both more accessible and more efficient. The advent of online travel agencies (OTAs), mobile applications, and booking platforms has simplified the process, allowing travelers to compare options, reserve accommodations, and access travel information with unprecedented ease. Technologies like artificial intelligence and machine learning are enabling companies to offer highly personalized travel recommendations and dynamic pricing models, greatly enhancing the overall travel experience. The influence of social media and review platforms is also significant, as travelers increasingly base their decisions on user-generated content. These technological advancements streamline the travel process, adding convenience and flexibility, and significantly contributing to market growth by making travel planning and booking user-friendly.


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Key Market Challenges

Shortened Development Cycles and Agile Practices

In the fast-paced software development environment of the leisure travel market, the trend towards shortened development cycles and the adoption of agile practices presents particular challenges. As organizations increasingly employ agile methodologies to boost flexibility and responsiveness, traditional beta testing timelines are now under pressure to fit within these accelerated schedules. This demands a streamlining of testing processes without compromising the thoroughness needed to detect and fix potential issues. The primary challenge is to balance speed with effectiveness, ensuring that beta testing remains a critical and comprehensive component of the agile development cycle. As companies focus on rapid product development to meet market demands, maintaining the quality and efficiency of beta testing processes becomes increasingly complex.

Increased Software Complexity and Diverse Platforms

The growing complexity of software applications and the variety of platforms present substantial challenges in the leisure travel market. The rise of mobile applications, web-based solutions, and the necessity of compatibility across different operating systems create significant hurdles for beta testing. Ensuring robust functionality and optimal performance across various devices and platforms necessitates advanced testing methodologies and tools. Effective beta testing strategies must address the complexities introduced by diverse technologies to ensure a consistent, high-quality user experience across all platforms. This challenge is crucial for maintaining consumer satisfaction and trust in a competitive market.

Key Market Trends

Shift Towards Continuous Testing in DevOps

A major trend in the leisure travel market is the shift toward continuous testing within DevOps practices. Organizations are integrating testing seamlessly into the development pipeline to ensure quick and reliable software delivery. Continuous testing involves automated testing throughout the entire software development lifecycle, from the initial coding phase to final deployment. This trend signifies a move away from traditional, isolated beta testing phases towards a more continuous, iterative approach. Embracing continuous testing allows for the quicker identification and resolution of issues, fosters collaboration between development and testing teams, and speeds up the software delivery cycle. This trend highlights the market's focus on maintaining high quality while accelerating software deployment.

Focus on Usability Testing for Enhanced User Experience

Usability testing is increasingly important in the leisure travel market, driven by the emphasis on delivering exceptional user experiences. Besides functional testing, organizations are prioritizing the evaluation of user interfaces, navigation, and overall user satisfaction. Usability testing involves soliciting feedback from beta users regarding the design and user interface aspects of the software, ensuring that the final product aligns with user expectations and preferences. This trend underscores the recognition that a positive user experience is critical to software application success. Thus, beta testing is crucial in refining and optimizing usability to meet user demands, ultimately enhancing consumer satisfaction and loyalty.

Segmental Insights

Travel Type Insights

In the leisure travel market, the solo traveler segment is the most dominant, reflecting a growing trend towards individualized travel experiences. Solo travelers seek personalized itineraries, unique cultural experiences, and the flexibility to explore destinations at their own pace. This preference is driven by a desire for self-discovery, adventure, and freedom from group constraints. The rise of digital platforms and social media has also facilitated solo travel, offering extensive resources for planning and connecting with like-minded travelers. Additionally, the increasing focus on wellness and personal growth has made solo travel more appealing, as individuals prioritize meaningful and introspective experiences. The availability of tailored packages, solo-friendly accommodations, and specialized tours further supports this trend. As solo travelers continue to seek enriching, customized travel experiences, the solo segment is expected to remain a leading force in the leisure travel market.


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Regional Insights

In the leisure travel market, the Asia Pacific region emerges as the dominant force, driven by its rapidly growing economies, diverse travel destinations, and expanding middle class. Countries like China, India, and Japan are significant contributors to this growth, with increasing disposable incomes fueling higher travel expenditure. The region offers a rich tapestry of cultural experiences, scenic landscapes, and vibrant cities, attracting both regional and international tourists. Additionally, advancements in infrastructure, such as improved air connectivity and hospitality services, enhance the appeal of Asia-Pacific as a premier travel destination. The rise in domestic travel within the region, alongside a growing interest in unique and personalized travel experiences, further solidifies its leading position. As the Asia-Pacific region continues to develop economically and culturally, its dominance in the leisure travel market is poised to strengthen, catering to a burgeoning global and regional tourist base.

Recent Developments

  • In June 2023, Lindblad Expeditions partnered with FOOD & WINE magazine to launch an eight-day journey through the Pacific Northwest along the Columbia and Snake Rivers. During this expedition, guests explored the region's historical, agricultural, and natural aspects while experiencing local cuisine and wines. This collaboration represents an innovative effort to create customized travel experiences.
  • In February 2023, Australia's Flight Centre Travel Group signed an agreement to acquire Scott Dunn Ltd. for approximately USD 149 million. Flight Centre Travel Group, which operates both leisure and corporate travel services in over 20 countries, aims to enter the luxury travel market in the UK and the U.S. with this acquisition. The deal accelerates its initiative to build a portfolio of luxury travel brands.

Key Market Players

  • Expedia Group, Inc.
  • Booking Holdings, Inc.
  • Tripadvisor, Inc.
  • Trip.com Travel Singapore Pte. Ltd.
  • GRUPO HU VIAGENS DE TURISMO S.A.
  • trivago N.V.
  • Thomas Cook Tourism (UK) Company Limited
  • MakeMyTrip Pvt. Ltd.
  • Hays Travel Limited
  • Airbnb, Inc.

By Traveler Type

By Age Group

By Expenditure Type

By Sales Channel

By Region
  • Solo
  • Group
  • Baby Boomers
  • Generation X
  • Millennial
  • Generation Z
  • Lodging
  • Transportation
  • Food and Beverage
  • Events and Entertainment
  • Others
  • Conventional Channel
  • Online Channel
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the global Leisure Travel Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  •  Leisure Travel Market, By Traveler Type:

o   Solo

o   Group         

  •         Leisure Travel Market, By Age Group:

o   Baby Boomers

o   Generation X

o   Millennial

o   Generation Z 

  •         Leisure Travel Market, By Expenditure Type:

o   Lodging

o   Transportation

o   Food and Beverage

o   Events and Entertainment

o   Others

  •         Leisure Travel Market, By Sales Channel:

o   Conventional Channel

o   Online Channel

  •         Leisure Travel Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  Germany

§  Spain

§  Italy

§  United Kingdom

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Kuwait

§  Egypt

o   South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Leisure Travel Market

Available Customizations:

Global Leisure Travel Market report 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).

Global Leisure Travel 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]

Table of content

1.    Introduction

1.1.  Service Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Sources of Information

5.    Global Leisure Travel Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Traveler Type Market Share Analysis (Solo, Group)

5.2.2.   By Age Group (Baby Boomers, Generation X, Millennial, Generation Z)

5.2.3.    By Expenditure Type Market Share Analysis (Lodging, Transportation, Food and Beverage, Events and Entertainment, and Others)

5.2.4.    By Sales Channel Market Share Analysis (Conventional Channel, Online Channel)

5.2.5.    By Regional Market Share Analysis

5.2.5.1.        North America Market Share Analysis

5.2.5.2.        Europe Market Share Analysis

5.2.5.3.        Asia-Pacific Market Share Analysis

5.2.5.4.        Middle East & Africa Market Share Analysis

5.2.5.5.        South America Market Share Analysis

5.2.6.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Leisure Travel Market Mapping & Opportunity Assessment

5.3.1.    By Traveler Type Market Mapping & Opportunity Assessment

5.3.2.    By Age Group Market Mapping & Opportunity Assessment

5.3.3.    By Expenditure Type Market Mapping & Opportunity Assessment

5.3.4.    By Sales Channel Market Mapping & Opportunity Assessment

5.3.5.    By Regional Market Mapping & Opportunity Assessment

6.    North America Leisure Travel Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Traveler Type Market Share Analysis

6.2.2.    By Age Group Market Share Analysis

6.2.3.    By Expenditure Type Market Share Analysis

6.2.4.    By Sales Channel Market Share Analysis

6.2.5.    By Country Market Share Analysis

6.2.5.1.        United States Leisure Travel Market Outlook

6.2.5.1.1.           Market Size & Forecast

6.2.5.1.1.1.               By Value

6.2.5.1.2.           Market Share & Forecast

6.2.5.1.2.1.               By Traveler Type Market Share Analysis

6.2.5.1.2.2.               By Age Group Market Share Analysis

6.2.5.1.2.3.               By Expenditure Type Market Share Analysis

6.2.5.1.2.4.               By Sales Channel Market Share Analysis

6.2.5.2.        Canada Leisure Travel Market Outlook

6.2.5.2.1.           Market Size & Forecast

6.2.5.2.1.1.               By Value

6.2.5.2.2.           Market Share & Forecast

6.2.5.2.2.1.               By Traveler Type Market Share Analysis

6.2.5.2.2.2.               By Age Group Market Share Analysis

6.2.5.2.2.3..              By Expenditure Type Market Share Analysis

6.2.5.2.2.4.               By Sales Channel Market Share Analysis

6.2.5.3.        Mexico Leisure Travel Market Outlook

6.2.5.3.1.           Market Size & Forecast

6.2.5.3.1.1.               By Value

6.2.5.3.2.           Market Share & Forecast

6.2.5.3.2.1.               By Traveler Type Market Share Analysis

6.2.5.3.2.2.               By Age Group Market Share Analysis

6.2.5.3.2.3.               By Expenditure Type Market Share Analysis

6.2.5.3.2.4.               By Sales Channel Market Share Analysis

7.    Europe Leisure Travel Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Traveler Type Market Share Analysis

7.2.2.    By Age Group Market Share Analysis

7.2.3.    By Expenditure Type Market Share Analysis

7.2.4.    By Sales Channel Market Share Analysis

7.2.5.    By Country Market Share Analysis

7.2.5.1.        France Leisure Travel Market Outlook

7.2.5.1.1.           Market Size & Forecast

7.2.5.1.1.1.               By Value

7.2.5.1.2.           Market Share & Forecast

7.2.5.1.2.1.               By Traveler Type Market Share Analysis

7.2.5.1.2.2.               By Age Group Market Share Analysis

7.2.5.1.2.3.               By Expenditure Type Market Share Analysis

7.2.5.1.2.4.               By Sales Channel Market Share Analysis

7.2.5.2.        Germany Leisure Travel Market Outlook

7.2.5.2.1.           Market Size & Forecast

7.2.5.2.1.1.               By Value

7.2.5.2.2.           Market Share & Forecast

7.2.5.2.2.1.               By Traveler Type Market Share Analysis

7.2.5.2.2.2.               By Age Group Market Share Analysis

7.2.5.2.2.3.               By Expenditure Type Market Share Analysis

7.2.5.2.2.4.               By Sales Channel Market Share Analysis

7.2.5.3.        Spain Leisure Travel Market Outlook

7.2.5.3.1.           Market Size & Forecast

7.2.5.3.1.1.               By Value

7.2.5.3.2.           Market Share & Forecast

7.2.5.3.2.1.               By Traveler Type Market Share Analysis

7.2.5.3.2.2.               By Age Group Market Share Analysis

7.2.5.3.2.3.               By Expenditure Type Market Share Analysis

7.2.5.3.2.4.               By Sales Channel Market Share Analysis

7.2.5.4.        Italy Leisure Travel Market Outlook

7.2.5.4.1.           Market Size & Forecast

7.2.5.4.1.1.               By Value

7.2.5.4.2.           Market Share & Forecast

7.2.5.4.2.1.               By Traveler Type Market Share Analysis

7.2.5.4.2.2.               By Age Group Market Share Analysis

7.2.5.4.2.3.               By Expenditure Type Market Share Analysis

7.2.5.4.2.4.               By Sales Channel Market Share Analysis

7.2.5.5.        United Kingdom Leisure Travel Market Outlook

7.2.5.5.1.           Market Size & Forecast

7.2.5.5.1.1.               By Value

7.2.5.5.2.           Market Share & Forecast

7.2.5.5.2.1.               By Traveler Type Market Share Analysis

7.2.5.5.2.2.               By Age Group Market Share Analysis

7.2.5.5.2.3.               By Expenditure Type Market Share Analysis

7.2.5.5.2.4.               By Sales Channel Market Share Analysis

8.    Asia-Pacific Leisure Travel Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Traveler Type Market Share Analysis

8.2.2.    By Age Group Market Share Analysis

8.2.3.    By Expenditure Type Market Share Analysis

8.2.4.    By Sales Channel Market Share Analysis

8.2.5.    By Country Market Share Analysis

8.2.5.1.        China Leisure Travel Market Outlook

8.2.5.1.1.           Market Size & Forecast

8.2.5.1.1.1.               By Value

8.2.5.1.2.           Market Share & Forecast

8.2.5.1.2.1.               By Traveler Type Market Share Analysis

8.2.5.1.2.2.               By Age Group Market Share Analysis

8.2.5.1.2.3.               By Expenditure Type Market Share Analysis

8.2.5.1.2.4.               By Sales Channel Market Share Analysis

8.2.5.2.        Japan Leisure Travel Market Outlook

8.2.5.2.1.           Market Size & Forecast

8.2.5.2.1.1.               By Value

8.2.5.2.2.           Market Share & Forecast

8.2.5.2.2.1.               By Traveler Type Market Share Analysis

8.2.5.2.2.2.               By Age Group Market Share Analysis

8.2.5.2.2.3.               By Expenditure Type Market Share Analysis

8.2.5.2.2.4.               By Sales Channel Market Share Analysis

8.2.5.3.        India Leisure Travel Market Outlook

8.2.5.3.1.           Market Size & Forecast

8.2.5.3.1.1.               By Value

8.2.5.3.2.           Market Share & Forecast

8.2.5.3.2.1.               By Traveler Type Market Share Analysis

8.2.5.3.2.2.               By Age Group Market Share Analysis

8.2.5.3.2.3.               By Expenditure Type Market Share Analysis

8.2.5.3.2.3.               By Sales Channel Market Share Analysis

8.2.5.4.        Vietnam Leisure Travel Market Outlook

8.2.5.4.1.           Market Size & Forecast

8.2.5.4.1.1.               By Value

8.2.5.4.2.           Market Share & Forecast

8.2.5.4.2.1.               By Traveler Type Market Share Analysis

8.2.5.4.2.2.               By Age Group Market Share Analysis

8.2.5.4.2.3.               By Expenditure Type Market Share Analysis

8.2.5.4.2.4.               By Sales Channel Market Share Analysis

8.2.5.5.        South Korea Leisure Travel Market Outlook

8.2.5.5.1.           Market Size & Forecast

8.2.5.5.1.1.               By Value

8.2.5.5.2.           Market Share & Forecast

8.2.5.5.2.1.               By Traveler Type Market Share Analysis

8.2.5.5.2.2.               By Age Group Market Share Analysis

8.2.5.5.2.3.               By Expenditure Type Market Share Analysis

8.2.5.5.2.4.               By Sales Channel Market Share Analysis

9.    Middle East & Africa Leisure Travel Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Traveler Type Market Share Analysis

9.2.2.    By Age Group Market Share Analysis

9.2.3.    By Expenditure Type Market Share Analysis

9.2.4.    By Sales Channel Market Share Analysis

9.2.5.    By Country Market Share Analysis

9.2.5.1.        South Africa Leisure Travel Market Outlook

9.2.5.1.1.           Market Size & Forecast

9.2.5.1.1.1.               By Value

9.2.5.1.2.           Market Share & Forecast

9.2.5.1.2.1.               By Traveler Type Market Share Analysis

9.2.5.1.2.2.               By Age Group Market Share Analysis

9.2.5.1.2.3.               By Expenditure Type Market Share Analysis

9.2.5.1.2.4.               By Sales Channel Market Share Analysis

9.2.5.2.        Saudi Arabia Leisure Travel Market Outlook

9.2.5.2.1.           Market Size & Forecast

9.2.5.2.1.1.               By Value

9.2.5.2.2.           Market Share & Forecast

9.2.5.2.2.1.               By Traveler Type Market Share Analysis

9.2.5.2.2.2.               By Age Group Market Share Analysis

9.2.5.2.2.3.               By Expenditure Type Market Share Analysis

9.2.5.2.2.4.               By Sales Channel Market Share Analysis

9.2.5.3.        UAE Leisure Travel Market Outlook

9.2.5.3.1.           Market Size & Forecast

9.2.5.3.1.1.               By Value

9.2.5.3.2.           Market Share & Forecast

9.2.5.3.2.1.               By Traveler Type Market Share Analysis

9.2.5.3.2.2.               By Age Group Market Share Analysis

9.2.5.3.2.3.               By Expenditure Type Market Share Analysis

9.2.5.3.2.4.               By Sales Channel Market Share Analysis

9.2.5.4.        Turkey Leisure Travel Market Outlook

9.2.5.4.1.           Market Size & Forecast

9.2.5.4.1.1.               By Value

9.2.5.4.2.           Market Share & Forecast

9.2.5.4.2.1.               By Traveler Type Market Share Analysis

9.2.5.4.2.2.               By Age Group Market Share Analysis

9.2.5.4.2.3.               By Expenditure Type Market Share Analysis

9.2.5.4.2.4.               By Sales Channel Market Share Analysis

9.2.5.5.        Kuwait Leisure Travel Market Outlook

9.2.5.5.1.           Market Size & Forecast

9.2.5.5.1.1.               By Value

9.2.5.5.2.           Market Share & Forecast

9.2.5.5.2.1.               By Traveler Type Market Share Analysis

9.2.5.5.2.2.               By Age Group Market Share Analysis

9.2.5.5.2.3.               By Expenditure Type Market Share Analysis

9.2.5.5.2.4.               By Sales Channel Market Share Analysis

9.2.5.6.        Egypt Leisure Travel Market Outlook

9.2.5.6.1.           Market Size & Forecast

9.2.5.6.1.1.               By Value

9.2.5.6.2.           Market Share & Forecast

9.2.5.6.2.1.               By Traveler Type Market Share Analysis

9.2.5.6.2.2.               By Age Group Market Share Analysis

9.2.5.6.2.3.               By Expenditure Type Market Share Analysis

9.2.5.6.2.4.               By Sales Channel Market Share Analysis

10. South America Leisure Travel Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Traveler Type Market Share Analysis

10.2.2.  By Age Group Market Share Analysis

10.2.3. By Expenditure Type Market Share Analysis

10.2.4. By Sales Channel Market Share Analysis

10.2.5. By Country Market Share Analysis

10.2.5.1.     Brazil Leisure Travel Market Outlook

10.2.5.1.1.         Market Size & Forecast

10.2.5.1.1.1.            By Value

10.2.5.1.2.         Market Share & Forecast

10.2.5.1.2.1.            By Traveler Type Market Share Analysis

10.2.5.1.2.2.            By Age Group Market Share Analysis

10.2.5.1.2.3.            By Expenditure Type Market Share Analysis

10.2.5.1.2.4.            By Sales Channel Market Share Analysis

10.2.5.2.     Argentina Leisure Travel Market Outlook

10.2.5.2.1.         Market Size & Forecast

10.2.5.2.1.1.            By Value

10.2.5.2.2.         Market Share & Forecast

10.2.5.2.2.1.            By Traveler Type Market Share Analysis

10.2.5.2.2.2.            By Age Group Market Share Analysis

10.2.5.2.2.3.            By Expenditure Type Market Share Analysis

10.2.5.2.2.4.            By Sales Channel Market Share Analysis

10.2.5.3.     Colombia Leisure Travel Market Outlook

10.2.5.3.1.         Market Size & Forecast

10.2.5.3.1.1.            By Value

10.2.5.3.2.         Market Share & Forecast

10.2.5.3.2.1.            By Traveler Type Market Share Analysis

10.2.5.3.2.2.            By Age Group Market Share Analysis

10.2.5.3.2.3.            By Expenditure Type Market Share Analysis

10.2.5.3.2.4.            By Sales Channel Market Share Analysis

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Impact of COVID-19 on Global Leisure Travel Market

12.1.             Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1.             Company Profiles

14.1.1. Expedia Group, Inc.

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. Booking Holdings, Inc.

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Tripadvisor, Inc.

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4.  Trip.com Travel Singapore Pte. Ltd. 

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5.  GRUPO HU VIAGENS DE TURISMO S.A.

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. trivago N.V.

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Thomas Cook Tourism (UK) Company Limited

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. MakeMyTrip Pvt. Ltd.

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. Hays Travel Limited

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              Airbnb, Inc.

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.             Key Focus Areas

15.2.             Target Type

15.3.             Target Sales Channel

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The Global Leisure Travel Market was valued at USD 1.39 trillion in 2023.

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The leisure travel market faces challenges such as fluctuating consumer demand, economic uncertainties, regulatory changes, and competition from alternative vacation options. Additionally, rising costs and environmental concerns impact industry dynamics.

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The leisure travel market is growing due to rising disposable incomes, increased accessibility of travel options, technological advancements in booking and planning, and a strong desire for unique and personalized travel experiences. The growth of social media has also spurred travel interest, as people seek to explore new destinations and share their experiences online.

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Emerging trends include a rise in sustainable and eco-friendly travel, the growth of solo travel, and the popularity of wellness tourism. Additionally, there is a growing interest in experiential travel, where tourists seek immersive cultural experiences rather than traditional sightseeing. The use of technology, such as virtual reality (VR) for travel planning, is also on the rise.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Leisure Travel Market to grow with a CAGR of 22.73% through 2029

Nov, 2024

The Global Leisure Travel market is experiencing robust growth driven by rising disposable incomes, increasing travel preferences, and enhanced digital booking platforms, with a focus on personalized

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