What is the global market size of Domestic Tourism Market?

Domestic Tourism Market size was valued at USD 1226.1 billion in 2021 and is poised to grow from USD 1390.4 billion in 2022 to USD 3802.27 billion by 2030, growing at a CAGR of 13.4% in the forecast period (2023-2030).

Domestic Tourism Market Size, Share, Growth Analysis, By Type(Local Travel, and Interstate Travel), By Application(Adventure Tourism, and Sports Domestic Tourism), By Region - Industry Forecast 2024-2031

Q: What is the key driver of Global Domestic Tourism Market?

One major global market driver is the increasing disposable income and changing lifestyles of people worldwide. As people spend more leisure activities, they are more likely to travel domestically or internationally for vacations, business trips, or other purposes.

Report ID: SQMIG20U2002 | Region: Global | Published Date: July, 2024
Pages: 202 | Tables: 61 | Figures: 75

Domestic Tourism Market Regional Insights

North America dominated the global market, owing to the presence of numerous popular tourist destinations such as the United States and Canada. The region offers diverse attractions, including natural wonders, cultural landmarks, and entertainment hubs, making it a popular destination for travellers worldwide.

APAC is the fastest-growing region in the global market. The region's growth can be attributed to its population's increasing disposable income and changing lifestyles, particularly in emerging economies such as China and India. The APAC region offers a wide variety of tourist attractions, including natural wonders, cultural heritage sites, and modern cities.

Domestic Tourism Market Report Snapshots

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Domestic Tourism Market size was valued at USD 1390.4 billion in 2022 and is poised to grow from USD 1576.71 billion in 2023 to USD 4311.79 billion by 2031, growing at a CAGR of 13.4% during the forecast period (2024-2031).

The competitive landscape of the domestic tourism market is highly fragmented, with numerous players competing for market share. These include tour operators, travel agencies, airlines, hotels, and other hospitality service providers. In addition, the rise of digital platforms and online booking systems has increased competition by making it easier for smaller players to enter the market. The industry is also highly dynamic, constantly evolving trends and consumer preferences. Players must continually adapt and innovate to stay competitive by offering unique and personalized experiences, adopting eco-friendly practices, and embracing new technologies. 'Airbnb (US)', 'Expedia Group (US)', 'Booking Holdings (Netherlands)', 'TripAdvisor (US)', 'Marriott International (US)', 'Hilton Worldwide (US)', 'Accor (France)', 'InterContinental Hotels Group (UK)', 'China Travel (China)', 'Delta Air Lines (US)', 'American Airlines Group (US)', 'United Airlines (US)', 'Southwest Airlines (US)', 'Carnival Corporation & plc (US)', 'Royal Caribbean Group (US)', 'TUI Group (Germany)', 'Japan Airlines (Japan)', 'Air France-KLM (Netherlands)', 'Lufthansa Group (Germany)', 'Emirates Group (UAE)'

One major market driver is the increasing disposable income and changing lifestyles of people worldwide. As people spend more leisure activities, they are more likely to travel domestically or internationally for vacations, business trips, or other purposes.

Growing Focus on Sustainable Tourism Practice: One key trend in the domestic tourism market is the increasing focus on sustainable and responsible tourism practices. Consumers are becoming more environmentally and socially conscious and are seeking travel experiences that align with their values.

North America dominated the market, owing to the presence of numerous popular tourist destinations such as the United States and Canada. The region offers diverse attractions, including natural wonders, cultural landmarks, and entertainment hubs, making it a popular destination for travellers worldwide.

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Domestic Tourism Market Size, Share, Growth Analysis, By Type(Local Travel, and Interstate Travel), By Application(Adventure Tourism, and Sports Domestic Tourism), By Region - Industry Forecast 2024-2031

Domestic Tourism Market Regional Insights

Domestic Tourism Market Report Snapshots

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