Domestic Tourism Market Introduction and Overview
According to SPER Market Research, the Global Domestic Tourism Market is estimated to reach USD 5693.24 billion by 2032 with a CAGR of 13.65%.
The report includes an in-depth analysis of the Global Domestic Tourism Market, including market size and trends, Machine Type mix, distribution channels, and supplier analysis. The phrase "domestic tourism" refers to travel by nationals of one country within that country. Domestic tourism also includes making religious pilgrimages and paying visits to relatives and friends. Domestic tourism refers to travelling within one's own country for both business and pleasure. One must spend at least one night outside of their usual residence while still inside their own country in order to be considered a domestic tourist.
- April 2023: To assist with vacation planning, Expedia unveiled a new service powered by ChatGPT. Expedia recently unveiled a new tool for trip planning that makes use of ChatGPT artificial intelligence. The function is presently undergoing beta testing.
- April 2023: Booking.com and Google announced a cooperation that would enable users to make domestic travel reservations for hotels and flights straight through the Google search engine.
-01136024042023.jpg)
Market Opportunities and Challenges
- Opportunities: The expansion of the government's financial resources: Domestic travel is crucial for the domestic economy because of its impact on local spending. This increases the local government's financial resources, which it may use to improve the quality of life for its residents while also rationalising the community's infrastructure and services.
- The frequent interchange with locals: Interacting frequently with locals is necessary when visiting local areas, which leads to investigations on the appropriate and unique disposition of the location, its inhabitants, and its culture.
- Challenges: Occurrence of natural disasters, pandemics, and other unexpected events: Global tourism faces challenges from natural disasters, pandemics, and unexpected events, disrupting travel plans and causing financial losses. These events result in travel restrictions, border closures, flight cancellations, and reduced demand. Moreover, tourism's environmental and community impacts can trigger resident protests, harming the industry's image and profitability. Sustainable tourism practices and disaster preparedness efforts are being pursued to mitigate these issues.
Market Competitive Landscape
The domestic tourism market features a fragmented competitive landscape, with various participants like tour operators, travel agencies, airlines, hotels, and hospitality providers vying for market share. Some of the prominent key players in the global domestic tourism market are Abercrombie & Kent USA LLC, American Express Travel, Butterfield & Robinson, Carlson Wagonlit Travel, Cox & Kings Ltd., Expedia Group, Inc, JTB Americans, Ltd., Kensington Tours, Micato Safari, Priceline, Scott Dunn Ltd., Tauck Inc., Thomas Cook India Ltd., Travcoa Corporation, Travel Leaders Group, TUI Group, World Travel, Inc., Others. Online platforms have intensified competition by enabling smaller entrants. This dynamic industry necessitates constant adaptation to evolving trends and consumer preferences. Staying competitive entails providing personalized experiences, eco-friendly practices, and adopting innovative technologies.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Location, By Mode of Booking, By Tour Type, By Age Group
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Abercrombie & Kent USA LLC, American Express Travel, Butterfield & Robinson, Carlson Wagonlit Travel, Cox & Kings Ltd., Expedia Group, Inc, JTB Americans, Ltd., Kensington Tours, Micato Safari, Priceline, Scott Dunn Ltd., Tauck Inc., Thomas Cook India Ltd., Travcoa Corporation, Travel Leaders Group, TUI Group, World Travel, Inc
|
COVID-19 Impact on Global Domestic Tourism Market
The COVID-19 pandemic has significantly diminished the appetite for international travel due to global lockdowns, hampering both domestic and foreign mobility. This ongoing global health crisis continues to exert a substantial impact across various regions. A swift recovery for the global tourism sector seems unlikely, with a potential two to three-year timeline for its resurgence. Traditional tourist destinations like China and India must take decisive measures to address the current health crisis. Southeast Asian nations have been cautious about reopening borders to foreign tourists, leading to a decline in international tourism. This scenario presents promising business opportunities for domestic travel service providers, further bolstering the domestic travel industry's growth.
Key Target Audience:
- Educational Institutions
- Environmental and Conservation Organizations
- Event Organizers
- Government and Tourism Authorities
- Hospitality and Tourism Industry
- Local Businesses
- Media and Marketing Agencies
- Travel Agencies and Tour Planners
- Travel Enthusiast Communities
- Travelers and Tourists
- Others
Our in-depth analysis of the Domestic Tourism Market includes the following segments:
|
By Location:
|
Interstate Travel
Local or Regional Travel
|
|
By Mode of Booking:
|
Direct Booking
OTA
|
|
By Tour Type:
|
Adventure Tours
Conference/Meetings
Holiday Trip
Organized Tours
Weekend Getaways
Others
|
|
By Age Group:
|
Below 30 Years
30-41 Years
42-49 Years
50 Years & above
|
Key Topics Covered in the Report:
- Size of Global Domestic Tourism Market (FY’2019-FY’2032)
- Overview of Global Domestic Tourism Market
- Segmentation of Global Domestic Tourism Market By Location (Interstate Travel, Local or Regional Travel)
- Segmentation of Global Domestic Tourism Market By Mode of Booking (Direct Booking, OTA)
- Segmentation of Global Domestic Tourism Market By Tour Type (Adventure Tours, Conference/Meetings, Holiday Trip, Organized Tours, Weekend Getaways, Others)
- Segmentation of Global Domestic Tourism Market By Age Group (Below 30 Years, 30-41 Years, 42-49 Years, 50 Years & above)
- Statistical Snap of Global Domestic Tourism Market
- Global Domestic Tourism Market Growth Analysis
- Problems and Challenges in Global Domestic Tourism Market
- Global Domestic Tourism Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Domestic Tourism Market
- Details on Recent Investment in Global Domestic Tourism Market
- Competitive Analysis of Global Domestic Tourism Market
- Major Players in the Global Domestic Tourism Market
- SWOT Analysis of Global Domestic Tourism Market
- Global Domestic Tourism Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Domestic Tourism Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Domestic Tourism Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Domestic Tourism Market
7. Global Domestic Tourism Market, By Location, 2019-2032 (USD Million)
7.1 Interstate Travel
7.2 Local or Regional Travel
8. Global Domestic Tourism Market, By Mode of Booking, 2019-2032 (USD Million)
8.1 Direct Booking
8.2 OTA
9. Global Domestic Tourism Market, By Tour Type,2019-2032 (USD Million)
9.1 Adventure Tours
9.2 Conference/Meetings
9.3 Holiday Trip
9.4 Organized Tours
9.5 Weekend Getaways
9.6 Others
10. Global Domestic Tourism Market, By Age Group, 2019-2032 (USD Million)
10.1 Below 30 Years
10.2 30-41 Years
10.3 42-49 Years
10.4 50 Years & above
11. Global Domestic Tourism Market, By Region, 2019-2032 (USD Million)
11.1 Global Domestic Tourism Market and Market Share by Region (2019-2025)
11.2 Global Domestic Tourism Market and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 Abercrombie & Kent USA LLC
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 American Express Travel
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Butterfield & Robinson
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Carlson Wagonlit Travel
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Cox & Kings Ltd.
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Expedia Group, Inc
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 JTB Americans, Ltd.
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Kensington Tours
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Micato Safari
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Priceline
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Scott Dunn Ltd.
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 Tauck Inc.
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 Thomas Cook India Ltd.
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
12.14 Travcoa Corporation
12.14.1 Company details
12.14.2 Financial outlook
12.14.3 Product summary
12.14.4 Recent developments
12.15 Travel Leaders Group
12.15.1 Company details
12.15.2 Financial outlook
12.15.3 Product summary
12.15.4 Recent developments
12.16 TUI Group
12.16.1 Company details
12.16.2 Financial outlook
12.16.3 Product summary
12.16.4 Recent developments
12.17 World Travel, Inc
12.17.1 Company details
12.17.2 Financial outlook
12.17.3 Product summary
12.17.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
