New Product Development
The Theme Park Tourism Market is estimated at US$ 49.1 Billion in 2022 and is projected to reach US$ 166.67 Billion by 2032, at a CAGR of 13% from 2022 to 2032. The Theme Park tourism market is expected to grow at an outstanding rate during the forecast period. This is due to multiple factors that are set to positively affect the market. The …
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The Ornithology, a branch of zoology refers to the study of birds. It is derived from the Greek words “ornis” (bird) and “logos” (explanation). The World Tourism Organisation (WTO) defines Ornithological (bird watching) Tourism as the activity that involves moving from the place of origin to another place (specific destination) to observe and study the …
Vietnam’s economy has recently transformed from an agrarian to a service economy and tourism has become one of the important elements of the modern Vietnamese economy. The annual arrivals of tourists have been rising since last few years. Considering this, Vietnam’s tourism board which is known as National Administration of Tourism has decided to diversify …
The tourism industry loyalty programs market is projected to reach a valuation of US$ 24 Bn in 2022. Sales are projected to increase at a 9.20% CAGR, with the market size reaching US$ 73.6 Bn by 2032. Social media platforms are being used to advertise more and more about the Loyalty Programs in the Tourism Sector Market after the covid-19 pandemic. The personalization of …
The New Zealand sports tourism market size is projected to reach a valuation of US$ 4,585 Million in 2022. Sales are projected to increase at an 8% CAGR, with a historic CAGR of 7.7% from 2017 to 2021. Governments recognize the demand for New Zealand sports tourism not just as a source of revenue, but also as a tool for promoting communal …
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 will generate …
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The Vacation Ownership market is expected at US$ 11.2 Billion in 2022 and is projected to reach US$ 32 Billion by 2032, at a CAGR of 7.30 % from 2022 to 2032. In the forecast period, there will be fast progress and a greater push for the Vacation Ownership market. Vacation ownership also known as timeshare, offers the opportunity to share the ownership of vacation …
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The global Cruise Tourism market is forecasted to be appraised at US$ 17.4 Billion by 2032, up from US$ 5.3 Billion in 2022, advancing at a CAGR of 11.97% during the forecast period. The launch of novel inventive ships with technological advancements and numerous onboard activities for the travellers to enjoy is one of the primary factors driving the demand for cruise tourism. …
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As per a recent Thailand medical tourism market analysis by Future Market Insights (FMI), the Thailand medical tourism market is poised to reach a valuation of US$ 5,687 Mn in 2022. Sales are projected to increase at an 18.4% CAGR through 2032. Thailand’s medical tourism market is expected to grow at a significant rate during the forecast period. This is mainly …
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The global culinary tourism market 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 internet and other sources …
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