During the projection period, Europe will dominate the cultural tourism market. The most important reason for the positive development of the cultural tourism sector is the increase in stress-related illnesses. As a result, cultural tourism companies have a greater chance of attracting visitors who travel for reasons related to their health and well-being.
Dallas, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) — A Key Factor In Accelerating Global Growth cultural travel market customer interest in exploring animals, coral reefs and pristine natural areas is increasing. Among other factors, a greater focus on sustainability and an increase in research and development activities are driving the cultural travel industry. Millions of travelers surround the booming industry. These travelers are fearless and eager to broaden their horizons. Also, a large number of travelers who want to try something new and satisfy their insatiable thirst for knowledge are flocking to the cultural travel section of the tourism industry and expanding the market.
The global culture travel market size is forecast to grow by USD 11901.02 million from USD 4580.01 million by 2028 at a CAGR of 14.09% during the forecast period.
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In search of knowledge about a new place and to broaden their horizons, millions of tourists travel the expanding cultural travel industry. A significant influx of travelers looking to explore is welcomed by the cultural travel industry. The opportunity that cultural tours offer to travelers who want to learn more about any place in the world is the reason for their growing popularity. A significant portion of the overall growth in the cultural travel industry is attributed to cultural travel. Also, the numerous promotional initiatives of different countries to support dimming cultures are very beneficial for the cultural travel industry. Ample material for the growth of cultural tourism is also provided by the rise of a new generation of wealthy and educated tourists. The main goal of cultural travel is to get to know, engage in, engage with and consume tangible and intangible cultural attractions and goods in one place.
Report coverage and details:
Duration of study:
CAGR of 14.9% over 2021-2028
By Type, By End User, By Application, Regions
North America, Europe, Asia Pacific, Middle East & Africa, South America
Key players in profile
Splitrock Environmental, Exodus Travels Ltd., Indigenous Tourism BC, Nature Quest NewZealand Ltd., Martin Randall Travel Ltd., Odyssey World, Envoy Tours, Classic Journeys, ACE Cultural Tours, Responsible Travel
Since it effectively preserves some obsolete cultures around the world and is a suitable approach to preserve others that are in danger of extinction, cultural tours have become popular in various culturally rich nations in recent years. Several governments actively encourage dwindling cultures by supporting cultural tours with a variety of promotions. The cultural travel market is also receiving much support from the rise of a new generation of wealthy, educated and older travelers.
The domestic cultural travel segment would experience the highest market share growth in the cultural travel industry during the projection period. More than 60% of all market visitors come from local cultural travelers. Domestic cultural travel is expanding due to simple government rules, lack of exchange rates and a familiarity with the local way of life. Likewise, domestic cultural tours are economical. Domestic tourism is growing in countries like India thanks to government support and regional marketing.
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North America currently dominates the cultural travel market and will maintain this pattern of dominance over the expected term as a result of the market’s growing emphasis on sustainability and the region’s expanded research and development activities. Asia-Pacific will see the highest CAGR during the projected period, driven by increasing millennial travel, rising disposable income and accelerating infrastructure growth.
Table of Contents:
1. A brief description
2. Research methodology
3. Market Outlook
4. The Market by Service Outlook, 2019-2029 (Billion USD)
4.1. supplier control
5. The market by type, 2019-2029 (in billion USD)
6. The Cultural Travel Market by Application, 2019-2029 (Billion USD)
7. The Study of the Market by End Users, 2019-2029 (Billion USD)
7.1 Socio-cultural tourism
7.2. Cultural Ecotourism
7.3. Indigenous Tourism
8. Special Segments
9. The Cultural Travel Market by Region, 2019-2029 ($Bn)
9.1. North America
9.1.1. the USA
9.2.1. the United Kingdom
9.3. Asia Pacific
9.4. South America
10. Competitive Landscape
11. Company Profiles
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Adroit Market Research is a business analytics and consulting firm founded in 2018 and based in India. Our target audience is a broad spectrum of companies, manufacturing companies, product/technology development institutions and industry associations that need an understanding of the size of a market, key trends and the participants and future prospects of an industry. We intend to become our clients’ knowledge partner, providing them with valuable market insights to help them create opportunities that increase their revenue. We follow a code – discover, learn and transform. At our core, we’re curious people who love to spot and understand industry patterns, create an insightful study of our insights, and non-stop money-making roadmaps.
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