The Jordan Faith-Based Tourism Market is expected to increase from US$ 179.03 billion in 2023 to US$ 756.37 billion by 2033.
The spending power of people has increased, as has internet and credit card penetration, government drives to promote tourism, and the rise of new online segments. Growing population, increasing disposable income, and growing consumer awareness about travel destinations drive the tourism market. Moreover, low-cost air travel, an increase in leisure travel, and a rise in a variety of international travel destinations are a few more factors that bolster the religious tourism market further.
As more segments migrate to digital channels, the online travel market is approaching maturity. Gross reservations for online travel are estimated to expand by double digits, outpacing the overall travel market. With the advent of the internet and the rise of artificial reality (AR), the online travel sector in India is fast evolving. An increasing number of people in India are turning to the convenience of the web for better travel pricing and lodgings.
The increasing penetration of international flight and hotel reservations given by online portals such as Clear trip, MakeMyTrip, Yatra, and others may account for most of the increase in the online travel sector. An increase in user demand is also a factor, as consumers in India are predicted to spend nearly 4% of their disposable income on travel. The mix of travel and transportation offerings, including airport transfers and holiday packages, is significantly expanding.
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The government’s regional airport development initiative promotes connectivity to smaller cities and towns, which is the most significant continuing development in India. The burgeoning tourist industry, as well as the rising penetration of internet usage and smartphone users across various countries, are driving the online travel market in India. Furthermore, expanding urbanization, rising per capita income, economic expansion, and a movement in customer lifestyle toward more enhanced services and comfort are the factors estimated to have a beneficial impact on market growth.
Key Takeaways
- Jordan faith-based tourism market is expected to expand at a CAGR of 15.5% during the forecast period 2023 to 2033.
- The rising popularity of diving destinations, new tour launches, personalized trips, and other factors are pushing market sales.
Key Development
- MakeMyTrip introduced the myPartner platform in August 2020 to support travel agents in providing superior travel booking experiences to passengers. MyPartner is a platform designed to give local travel agencies access to one of the most comprehensive collections of online travel inventory. While digitizing the day-to-day booking procedures of all offline travel agents, myPartner was designed and constructed to serve the local travel industry outside of metro areas.
- In June 2021, Oyo, along with online travel providers such as Yatra, Airbnb, and EaseMyTrip, formed an organization to investigate the problems encountered by small hotel owners and promote in a country still recuperating from the pandemic, new tourist models are emerging. The Confederation of Hospitality Technology and Tourism Industry (CHATT) is estimated to assist small and medium hotels and homeowners across India in using technology to revitalize their operations.
- In 2019, TripAdvisor LLC Expedia Group formed a strategic alliance with Trip.com Group to increase their global collaboration. Through this collaboration, the company hoped to broaden its reach and assist Chinese outbound tourists in organizing more meaningful vacations.
- Expedia Group partnered with Chase Card Services in 2018 to improve the Chase Ultimate Rewards travel hub with expanded features, an improved redemption facility, and more options.
- com agreed in October 2022 to hire 100 people for its newly created Centre of Excellence in Bengaluru by the fiscal year 2022.
- Thomas Cook (India) Ltd., strengthened its presence in the India market in February 2018 by adding 8 new outlets in 2017, expanding the company’s distribution and reach in South India to 50 customer access centers: 23 owned branches and 27 Gold Circle Partner (franchise) outlets.
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Market Segmentation by Category
Tourism Type:
- Day Trips & Local Gateways
- Museums
- Pilgrimages
- Religious and Heritage Tours
- Others
Booking Channel:
- Phone Booking
- Online Booking
- In-person Booking
Tourist Type:
- Domestic
- International
Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 66-75 Years
Consumer Orientation:
- Men
- Women
- Children
Tour Type:
- Independent Travelers
- Tour Groups
- Package Travelers
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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