New Product Development
The global indigenous tourism market is expected to garner a revenue of around US$ surpassing US$ 65.16 billion by 2032, up from US$ 40 billion in 2022 with a CAGR of 4% during the forecast period (2022-2032). The size of the indigenous tourism market is growing as more visitors go to indigenous sites and engage in cultural tourism activities like seeing a fish …
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The destination wedding market with the rising penetration of social media. Usage of drone footage in marriage events takes destination weddings to the next level. Future Market Insights (FMI) in its latest study has forecast the market to rise at a CAGR of ~30.6% between 2021 and 2031. As per the market analysis, the destination wedding market …
The saudi arabia hajj tourism market is likely to surge at a vigorous 7.0 % CAGR from 2022 – 2032. Likely to reach a market revenue of US$ 150.0 Bn in 2022, and is expected to cross US$ 350.0 Bn by 2032. The Hajj is an annual journey to Mecca in Saudi Arabia and is the …
The global cultural travel market to be valued at US$ 462.50 Million in 2022 and is projected to increase at a CAGR of 6.54% in the forecast period from 2022 to 2032. As per FMI Analysts, the global Cultural travel market is estimated The developing tourism arena is flanked by millions of tourists. These tourists are gutsy …
The global tech savvy hotel chains market to be appraised at US$ 53.5 billion in 2022, likely to reach US$ 220 billion by 2032 with a CAGR of 15% during the forecast period (2022-2032). Hotel chains around the world are fast adopting the technological advancements that are crawling into the fast changing global hospitality scenario. Over the last few decades, several …
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The wildlife tourism market is expected to reach US$ 219.9 Billion in 2032 and US$ 135 Billion in 2022 . Grow at robust 5% CAGR during 2022-2032 Wildlife tourism – or observing wild animals in their own habitat – is a critical part of the tourism industry in Australia, America, Africa, Canada, Indonesia, Maldives and Sri …
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The sustainable tourism market to register a year-on-year growth rate of 33.3% in 2022. As per the FMI analysis, the sustainable tourism market size will surpass US$ 1.0 Tn in 2022. Between 2022 and 2032, the market is expected to exhibit compound annual growth rate (CAGR) of 23.4%. The share of global sustainable tourism market in the parent market (travel and tourism …
The global culinary tourism market is estimated to top nearly US$ 977.3 Bn in 2022 and is projected to reach US$ 4,530.9 Bn by 2032 at a CAGR of 16.6% over the forecast period of 2022 and 2032. Travelers are rethinking the consequences of their consumption, and vegans, vegetarians, and flexitarians are gaining immense traction in food tourism. Vegetarian and vegan tourists are searching on the …
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The global faith based tourism market to reach a valuation of US$ 13.7 Bn in 2022. Sales are projected to increase at a 10.4% CAGR, with the market size reaching US$ 37 Bn by 2032. The travel and tourism sector benefits from faith based tourism. Increasing preference among tourists to explore untouched heritage sites across the …
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The glamping market is expected to reach a valuation of US$ 10.6 Bn in 2032, Projected to grow year-on-year by 10.4% in 2022. The market size will surpass US$ 3.4 Bn in 2022, expanding at an impressive 11.8% CAGR over the assessment period. Land adventure tourism is gaining popularity across the globe. The advent of technology and recent developments in outdoor …
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