As per a recent market analysis by Future Market Insights (FMI), the Tablelands tourism market is poised to reach a valuation of US$ 2.5 Billion in 2022. Sales are projected to increase at ~12.5% CAGR, with the market size reaching US$ 43.4 Billion by 2032.
The Tablelands tourism market is forecasted to grow at a consistent growth rate during the forecast period. This is majorly attributed to the growing popularity of global content and the trend of cultural integration. People interested in understanding culture from different regions and experiencing them are likely to visit these places. The natural beauty and the landscapes around the regions are attracting adventure seeking tourists and nature lovers.
Overall, the tablelands tourism is attracting more and more tourists each year and make them come back for experiencing more. the services provided by local businesses and the tour companies are leaving positive impression on tourists about the tablelands tourism market.
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Key Takeaways from the Tablelands Tourism Market Study:
- The North America, Europe and Asia Pacific regions hold a market share of ~32%, ~28% and ~30% respectively.
- The Covid-19 pandemic had a 60% impact on the value of the Tablelands tourism sector.
- Australian cities like Queensland, Atherton, Cairns are popular tablelands to visit, along with cities in India, Tibet, Nepal and Bhutan.
- National Parks and Mountains are the most popular location types in the Tablelands tourism market.
- Online booking channels lead the charts in Tablelands tourism market booking channel segmentation.
“Customer satisfaction and a wide number of customized unique packages will be the key to grabbing the market leadership.” – FMI Analyst said.
Impact of COVID-19
The COVID-19 pandemic had a devastating effect on the Tablelands tourism industry. Travel was halted due to the virus’s spread; authorities worldwide established a lockdown that resulted in restrictions on movement for everything not absolutely necessary, which included tourism. All of these issues combined to create a disastrous scenario for the Tablelands tourism industry. Once the epidemic slowed down, businesses in the market spent this time reevaluating their strategy and developing better services.
The tourism industry in the Tablelands had a rebound in tour activity after the pandemic’s halt. The consumer demand increased gradually before skyrocketing once the restrictions were completely removed. Due to the repressed demand for travel, the businesses received a large number of customers right once, which helped the market’s condition and put it on a growth trajectory.
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Who is winning?
The tour companies around the world are giving unique experiences to the tourists visiting Tablelands. The tablelands are full of natural heritage, along with different cultures depending upon different countries they are in. By giving customized tour packages and helping tourists to explore the region, key players are attracting tourists all around the world.
The key players in the Tablelands tourism market are Tableland Trails Indigenous Corporation, Atherton Tablelands, Infinity Fun Travel Pvt. Ltd, Yungaburra Tours, Everything Travel Group Pvt. Ltd, Tabletours.com, Tableland Tours, BareFoot Tours, Tourism Cairns, Viator, etc.
The Tableland Tourism Sector by Category
By Location Type:
- Hills
- Lakes
- Trails
- Waterfalls
- Parks
- Farms
- Museums
By Booking Channel:
- Phone Booking
- Online Booking
- Direct Booking
By Tourist Type:
- Domestic
- International
By Tour Type:
- Independent Traveller
- Package Traveller
- Tour Group
By Consumer Orientation:
- Men
- Women
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 66-75 Years
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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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