The educational tourism market in the United States and Canada soared to a valuation of US$ 83.1 billion in 2022. By 2033, it is projected to reach an impressive valuation of US$ 304.3 billion.
During the forecast period from 2023 to 2033, sales revenue is expected to surge at a notable CAGR of 12.6%. The United States and Canada collectively hold a substantial share of approximately 25 to 30% in the global educational tourism industry.
Numerous factors contribute to the growth of the market. The reputation of the United States and Canada-based diverse course offerings, educational institutions, favorable visa policies, and welcoming environment for international students play a significant role in supporting sales.
Additionally, the availability of various types of scholarships for abroad education, internship programs, and other employment opportunities can further attract students from around the world. Educational institutes, multiple tours and travel agencies, and related service providers have responded by developing tailored programs to meet the increasing demand.
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Key Trends:
- Increasing demand for experiential learning programs is propelling growth in educational tourism in both countries.
- The growing popularity of virtual and online education platforms is creating opportunities for remote educational tourism experiences.
- Rising eco-consciousness and sustainable educational tourism are focusing on environmental conservation and responsible travel practices.
- Surging interest in Science, Technology, Engineering, Arts, and Mathematics (STEAM) education tourism is contributing to the growth of the market.
- Expansion of educational tourism is evident with the rise of specialized academies and vocational training centers catering to niche fields, further propelling growth.
The United States and Canada are globally recognized for their exceptional medical and healthcare education systems. Many aspiring doctors, nurses, and healthcare professionals opt to pursue their education in these countries.
Healthcare educational tourism encompasses visits to medical schools, hospitals, and specialized training centers. The increasing number of new services offered across both countries is expected to drive demand even further.
Key Factors:
- Strict visa regulations and immigration policies may dissuade potential students and tourists from exploring educational opportunities in the United States & Canada.
- Political instability or uncertainty in either country could generate an unfavorable perception among international travelers, resulting in a decrease in educational tourism.
- Safety concerns, such as high crime rates or frequent natural disasters, might discourage individuals from selecting the United States and Canada as their destinations.
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Key Players:
- EF Education First
- KILROY
- Capital Tours, Inc.
- Cross Cultural Journeys
- Qadri International Educational Consultants
- Intelligent Partners
- Futures Abroad
- Education Resources Network (ERN)
- IDP Education
- Glinks International Consultancy
- International Placewell Consultants, GULF
- ProEd
- Education Zone
- IQ Education Consultants
- (As Per Request)
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United States & Canada Educational Tourism Market Outlook by Category
By Tourism Type:
- Youth Travelling
- Student Exchange Program
- International Research Program
- Workshop Travel
- Language School
- Others
By Education Type:
- Language Courses
- Vocational Courses
- Higher Education
- Other Course Types
By Age Group:
- Less Than 12 Years
- 13 to 18 Years
- 19 to 25 Years
- 26 to 40 Years
- 41 to 55 Years
By Consumer Orientation:
- Men
- Women
By Expenses:
- Education Fees
- Insurance Fees
- Accommodation Expenses
- Monthly Food & Grocery Expenses
- Other Expenses
By Country:
- United States
- Canada
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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