Market Research Blog – Page 10811 – New Product Development

Thailand Medical Tourism Market is Estimated to Reach US$ 5,687 Mn in 2022

The Thailand medical tourism market is estimated is estimated to reachUS$ 5,687 Mn in 2022. As per the report, sales of Thailand Medical Tourism market are forecasted to increase at a robust 18.4 % CAGR

Thailand’s medical tourism market is expected to grow at a significant rate during the forecast period. This is mainly due to the factors such as the systematic establishment of the Thailand medical tourism market, strong government support in form of friendly policies, the presence of internationally accredited hospitals, and the affordability offered for treatments.

Having the top-notch medical facilities and infrastructure present in the country helps in boosting the Thailand medical tourism market key trends and opportunities, along with skilled and qualified personnel who boast international certifications and have a trusted background of successful treatments.

The hospitality of Thailand is one of the country’s most notable features, this helps in attracting consumers to the Thailand medical tourism market which leads to the escalation of the Thailand medical tourism adoption trends.

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One of the most important factors that led to the rise of the Thailand medical tourism market was the public-private partnership working hand-in-hand to establish the Thailand medical tourism market presence across the globe.

Key Takeaways:

Thailand remains the pioneer in the global medical tourism market due to its systematic approach while establishing the sector.
Cosmetic and Dental Treatments are some of the most affordable and trusted procedures in Thailand, making them the prominent treatments opted for by medical tourists.
Online bookings were the most preferred mode of bookings among the consumers in the Thailand medical tourism market share.
Female medical tourists outnumbered the male medical tourists in the Thailand medical tourism market size.

Competitive Landscape

Key firms in the Thailand medical tourism market are focused on providing customers with a hassle-free experience. To provide customers with utmost comfort, the service providers offer end-to-end solutions for all the travel needs and accommodation. For instance:

Thai Medical Vacation offers complete solutions on their online platform for major treatments, providing services ranging from visa, consultation appointments, and stay accommodations.

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Thailand Medical Tourism Market by Category

By Treatment Type:

Dental Treatment
Cosmetic Treatment
Cardiovascular Treatment
Orthopedic Treatment
Neurological Treatment
Cancer Treatment
Fertility Treatment
Others

By Services:

Wellness Services
Therapeutic Services

By Tourist Type

Domestic
International

By Tour Type:

Independent Traveller
Tour Group
Package Traveller

By Consumer Orientation:

Men
Women
Children

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

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India Sustainable Tourism Market to Expand by US$ 26.01 Mn in 2022

The India sustainable tourism market size is estimated to be valued at US$ 26.01 Mn in 2022 and is anticipated to reach US$ 151.88 Mn by 2032, with a rapid CAGR of 19.3% from 2022 to 2032.

The demand for sustainable tourism in India is increasing as the country promotes resource conservation, regional culture and tradition, and economic progress. These factors are essentially increasing India sustainable tourism market share.

Extraordinary nature, the environment, cultural tradition, heritage, and a variety of other factors are expected to drive the India sustainable tourism market size over the forecast period. India is surrounded by southern tropical forests and the northern Himalayan peaks.

Furthermore, India has a wide variety of natural habitats, including hundreds of kilometres of coastline dotted with magnificent beaches and mangroves. As a result, sustainable tourism is gaining popularity in India.

The tourism industry’s approach to inclusive, long-term development is particularly important for livelihoods. India is a famous tourist destination on a global scale due to its enormous diversity. As a result, ensuring the tourism sector’s long-term viability is crucial. Most countries consider sustainable tourism as a vital trend for the tourism industry’s future.

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Furthermore, India is a huge country with beautiful and peaceful landscapes, as well as cultural and historical assets, which is one of the elements fuelling India’s sustainable tourism market growth. It is essentially a country offering tourist spots for all types of visitors. The tourist industry is the most active and contributes to global economic growth and recovery by assisting many other businesses such as lodging, catering, transportation, retail, and entertainment.

Due to COVID-19, tourism businesses have suffered significantly as a result of the outbreak, which has resulted in a significant drop in both tourists and revenue. All firms have had to undergo considerable modifications in order to continue to operate. However, as the situation stabilizes, India’s sustainable tourism market is anticipated to grow.

Key takeaways

Middle-aged people that are 26-35 age group segment will continue to hold the highest share in traveling in the forecast.
The domestic tourist segment will remain high in the tourist type category over the forecast period.
Indian government is highly involved in sustainable tourism and the government is launching a new strategy and plan to make the country sustainable.
In terms of tour type, the package travellers are estimated to account for the relatively highest value share in the Indian sustainable tourism market
The online booking segment is estimated to hold a major share in the sustainable tourism market for travellers in India. Travelers prefer online booking because is feasible and even get more offers and discounts in online booking

“India is a country with a tapestry of intercultural experiences, as well as the world’s oldest civilization with countless attractions, which is driving the regional sustainable tourism market share.“-FMI analyst

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Competition Landscape of India Sustainable Tourism Market

Leading companies providing India sustainable tourism are focused on maintaining sustainable tours and eco-friendly practices during the trip, advertising popular tourist destinations in India, and new offers that have driven sales growth of sustainable tourism in India.

Major leading companies providing sustainable tourism in India are Spiti Ecosphere, Tons Trails, Exo Travel, Travelife, Asian adventures, Sky view by Empyrean, Green People, Evolve Back, Himalayan Ark, Kipepeo, Desia Ecotourism, Grassroutes Journeys, and India untraveled.

Recent Developments in the India Sustainable Tourism Market:

Greeves India, an Indian travel firm, is offering a chance to stay at the most exquisite resorts in India for a fraction of the price.
Sky view by Empyrean announced the introduction of a new premium boutique accommodation service for travellers on October 20, 2021.

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India Sustainable Tourism Market by Category

By Tourism Type :

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

By Booking Channel :

Phone Booking
Online Booking
In-Person Booking

By Tourism Type :

Domestic
International

By Tourist Type:

Independent Traveler
Tour Group
Package Traveler

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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China Medical Tourism Market is Expected to have a CAGR of 16% by 2032

The China Medical Tourism market is expected to reach a valuation of US$ 8,936 Mn in 2022 and is projected to have a CAGR of 16% during the forecast period.

China Medical Tourism Market is forecast to grow at a steady rate during the forecast period. This is mainly attributed to certain factors like government support, the developing healthcare infrastructure, and the increasing number of internationally certified experts. This provides great opportunities in the China medical tourism market.

Medical tourism services and related operations restarted once the pandemic subsided and the strain on the healthcare system lessened. The China medical tourism market is gradually recovering from the effects of COVID-19; however, the long-term objective of reviving the sector is to restore the nation’s reputation as having an excellent and secure healthcare system.

As it draws so many patients, Traditional Chinese Medicine (TCMappeal)’s in the western hemisphere significantly contributes to the growth of the China medical tourism market. Recent China medical tourism market trends elevating the demand for service providers is extremely high as a result of the tourists’ search for genuine traditional remedies.

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China’s government intends to reform and control TCM practices by setting up specific TCM zones across the nation. These areas are anticipated to further contribute to the China medical tourism market growth.

“Demand in the China Medical Tourism market is slated to increase, presenting the perfect opportunity for firms to expand their operations,” says an FMI analyst.

Key Takeaways:

China Medical Tourism market is forecast to grow at an impressive rate of 16% CAGR, during the forecast period of 2022-2032.
Based on treatment, cosmetic treatments are leading in the China medical tourism market.
Treatments like Acupuncture and Moxibustion are famous among medical tourists.
Based on tour type, the majority of the tourists find independent traveling preferable in the China medical tourism market.
Based on booking channels, online booking channels are widely popular in the China medical tourism market due to the hassle-free experience it offers and the various options they provide to consumers.
According to the age category, those between the ages of 46-55 are the most likely to visit China for medical tourism.

Competitive Landscape:

Leading players in the China Medical Tourism market are actively trying to increase their presence on a global scale and reach out to a bigger pool of consumers.

Targeting the consumer audience which is looking for alternative treatments and other wellness services is the key driver for the China medical tourism market growth. It would be crucial for the China medical tourism market key players to provide consumers with comprehensive bundles.

Major players present in the China Medical Tourism market are Beijing Saint Lucia Consulting Ltd., Dr. Prem Community, Asia Pacific Medical Group, China Medical Tourism Inc., Clifford Hospital, Continuum Healthcare Co. Ltd, Ctrip.com International, Dennis Consulting Yunnan Ltd., Formera, Inner Mongolia Tourism Administration, Inter Partner Assistance Group, Elizabeth Hospital, BoaoYiling Life Care Center, Beijing Tongshantang Hospital of TCM, and Easy Tour China Travel Co. Ltd.

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Recent Development

Beijing Saint Lucia Consulting Ltd, a company founded in 2011, is backed by Sequoia Capital. The company specializes in providing consulting services for advanced medical treatments throughout China.

China Medical Tourism Market by Category

By Treatment Type:

Dental Treatment
Cosmetic Treatment
Cardiovascular Treatment
Orthopedic Treatment
Neurological Treatment
Cancer Treatment
Fertility Treatment
Others

By Services:

Wellness Services
Therapeutic Services

By Tour Type:

Independent Traveller
Tour Group
Package Traveller

By Consumer Orientation:

Men
Women
Children

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

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Yoga and Meditation Market is Expected to Reach at 5,295.07 Mn in 2022

The global Yoga and Meditation market to garner US$ 20,532.44 Million by 2032, up from US$ 5,295.07 Million in 2022, expanding at a significant CAGR of 18.10% during the forecast period.

This growth will occur at a substantial CAGR of 18.10% over the projected period.

Sales of personal workout mats have surpassed previous levels, in line with the present demand for yoga and several other fitness regimens. Manufacturers who offer value-added items at reduced prices are likely to see development as a result of the growing fitness and wellness culture.

The goal of this study is to impart deeper understanding about the personal exercise mats market size, revenue share, Y-o-Y growth, market dynamics, competitive landscape, and much more in order to better understand the current situation throughout the market. The methodical compilation of this assessment makes it useful for both new competitors and established players to develop their long-term plans.

According to this report, sales of personal exercise mats surpassed 130 thousand units in 2018. By the end of 2019, it is anticipated that sales would register a Y-o-Y growth of 7%.

There has been a standard shift of consumers to improved lifestyle practices which has indeed functioned as a prominent factor supporting sales of personal exercise mats. Furthermore, the report highlights that an increasing count of institutional buyers would reinforce strong demand determinant in the coming years.

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Technologically Advanced Mat Variants Becoming Prime Focus for Manufacturers

Manufacturers are advancing with the implementation of cutting-edge technology to offer long-lasting, anti-skid, sweat-proof, and other options for personal exercise mats in the market.

However, the market appeal of personal exercise mats has been actively stimulated by the continuously increasing penetration of these mats, which provide a calming sensation and are useful during yoga and meditation. It’s interesting to see that businesses like Blank Yoga have concentrated their efforts on the creation of self-cleaning yoga mats, a product that is anticipated to grow in popularity in the global market for personal workout mats.

North America to Dominate Sales across Personal Exercise Mats Market

Talking about the regional market share, North America has been the leading contributor towards the sales of personal exercise mats.

Furthermore, this report acme that the gains have been remarkable in European market, attributing to the intense surge in institutional sales of personal exercise mats. As per the assessment, the personal exercise mats market would also stay influenced by the growing count of yoga and Pilates practitioners, especially, across non-traditional markets.

Competitive Outlook

With the report coming to an end, readers are offered the convenience to gain vital data regarding the leading players operating in the global personal exercise mats market.

It has been noticed that, the global market will tend to deliver a fragmented landscape, since prime leaders, such as EuProMed s.r.o., Airex AG, Baya, Lotus Design, Equilibrium DFS and Ecoyoga Ltd., are increasing their R&D investments, thereby, aiming for innovative product line-ups.

Moreover, a majority of brands contending in the personal exercise mats industry are gaining from the mounting potential of European market, and proliferation of E-commerce to trade yoga mats.

Each of the mentioned manufacturer in this report is analyzed in terms of sales footprint, product portfolio and strategy overview. All such clear-cut data points make this assessment a rich source that bifurcates the global personal exercise mats for better discernment.

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Key Segments in the Yoga and Meditation Market

By Product:

Websites
Apps
Yoga centers
Meditation workshops
Books
Others

By Indication:

Physical
Mental

By Source:

Internet
Instructor
Gym
Meditation centers

By End Use:

Home
Schools
Corporates
Meditation Centers
Others

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Underwater Hotels Market is Projected to Reach US$ 11.6 Bn by 2032 | FMI

The global underwater hotels market to reach US$ 11.6 billion by 2032, up from US$ 3.5 billion in 2022, progressing at a significant CAGR of 13.60% during the forecast period from 2022 to 2032.

The growth of the Underwater Hotels market was mainly driven by the increasing R&D spending across the world.

The demand for underwater hotels is surging as besides the captivating ambience they offer tourists a broad range of intense water sports activities which includes non-motorized and motorized.

Scope of the Report of Underwater Hotels

Water tourism development around the world is focusing on underwater hotels. The hotel’s main construction is a plexiglass dome reinforced with concrete and steel to withstand the underwater pressures. Companies that own underwater hotels are embarking on ambitious projects. For hotels all throughout the world, they’re becoming a new passion.

Underwater hotels are becoming increasingly popular in Dubai and Sweden. The cost of staying in an underwater hotel is high, but it is well worth it. Underwater hotels offer tourists a variety of intense water sports activities, both motorized and non-motorized, in addition to the captivating ambiance. Tourists can drive a submarine through the lagoons themselves.

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Underwater hotels offer water tourism activities such as canoeing, diving, fishing, and snorkelling.

Market Leaders and their expansionary development strategies

In March 2022 – AD Ports Group continues its diversification with the acquisition of Divetech Marine Engineering Services, a UAE-based topside-subsea solutions provider that offers a range of services including installation, inspection, repair, and maintenance for ports and other underwater organizations.

Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s Analysis

3.6. Regulatory Landscape

3.6.1. By Key Regions

3.6.2. By Key Countries

3.7. Regional Parent Market Outlook

TOC Continued….

Some of the key players profiled in the study are:

The Apeiron Island Hotel (United Arab Emirates), Water Discus Hotel (United Arab Emirates), The Lifeboat Hotel (United Kingdom), The Shimao Wonderland (China), Jules’Undersea Lodge (United States), Huvafen Fushi Maldives (South Asia), Utter Inn (Sweden), The Manta Resort (East Africa), Hydropolis (Poland), Hilton (United States) and The Poseidon Underwater Resort (Oceania)

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Key Segments in the Underwater Hotels Market

By Type:

Luxury Type Underwater Hotel
General Type Underwater Hotel

By Application:

Business class
Economic class

By Booking Type:

Online booking
Offline booking

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Water Adventure Tourism Market to Grow at a CAGR of 16.9% in 2022-2032

The water adventure tourism market to reach US$ 845.8 Billion by 2032, up from US$ 156.9 Billion in 2022, progressing at a CAGR of 16.9% during the forecast period.

Special interest tourism is a type of tourism that facilitates the customisation of tourism activities to cater to the specific interests of individuals and / or groups. A particular need or interest is addressed in the special interest tourism sector. Adventure tourism is a type of special interest tourism, which engages an individual in natural, physical and cultural excursions that results in the individual coming out of his/her comfort zone.

This is carried out by an established tour company or agency. Water adventure tourism is a sub type of special interest tourism under the category of adventure tourism. Water adventure or water based tourism refers to tourist activities undertaken at water resources such as dams, lakes, canals, seas, coastal zones, oceans and creeks.

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Water sports enthusiasts look forward to explore hard as well as soft water based adventures and activities such as water sports – canoeing, sailing, kayaking, river rafting, water-skiing and scuba diving. It is a niche type of tourism that involves exploration and travel in an unfamiliar, remote, exotic and wilderness location.

Water Adventure Tourism: Popularity

Water adventure tourism, or water based tourism is gaining popularity in the current global scenario. The factors contributing to the increased popularity of water adventure tourism are listed below:

Individuals are more interested in pursuing risky adventures, instead of boring tours with less activities
The rise in disposable income has facilitated the growth in tourism all over the world. Money, income and spending power are special influencing factors of the water adventure tourism sector
Advent of technology and developments in water sport equipment have a reinforced effect on the safety of individuals, because of which there is an increased participation in water sports, expanding the horizon of water adventure sports and thereby impacting the water adventure tourism sector
Skilled personnel and trainers are available to help and guide the tourists, impart knowledge and technical know-how in order to use the underwater equipment (scuba diving and deep sea diving) conveniently

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Water Adventure Tourism: Challenges

Like every other tourism segment, the water adventure tourism sector also faces certain challenges.

Though the popularity of water sports is rising, there are issues faced by tourists in terms of risk management (despite regulating risk mitigation programmes, people tend to adhere to their own terms), equipment (water sports equipment might be faulty during manufacturing and is not checked sometimes owing to brand new packaging that gives a sense of assurance to the tourists; owing to which accidents tend to happen).

Water sports agencies can also face problems with respect to misbehaviour of the tourists, trip cancellations and overall resources and tour management issues.

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Water Adventure Tourism: Different Sports and Equipment

There are various water sport activities in water adventure tourism. Even if related to water as a common aspect, each of these water sports activities are unique with respect to the experience gained and the level of risk involved.

Water enthusiasts engage themselves in activities such as white water rafting that is famous in Malaysia, kayaking in Vietnam, kite boarding in Thailand, surfing in Playa de Famara, scuba diving in Brisbane, kayaking in California, jet skiing in Miami, wind surfing in Spain and wake boarding in Australia.

These are some of the water sports activities famous in the mentioned locations. Water sports equipment and apparel are two important factors to be considered while undertaking water adventure tourism.

There are several water equipment and gears such as knee boards, swim goggles, wake boards, kayaks and canoes, water skis, life vests, diving suits, rebreathers, diving computers and gauges and so on. Some of the manufacturers producing these equipment include Adidas, Arena, Mikasa, Speedo International, Baden, Nike, Billabong, Turbo, KAP7 and Under Armour.

Key Segments in the Water Adventure Tourism Market

By Tourist Type:

Independent Traveller
Tour Group
Package Traveller

By Activity Type:

Kayaking
Surfing
Boat Rides
Jet Skis
Paddle Boards
Wind Surfing
Rafting
Scuba Diving
Parasailing
Others

By Age Group:

Kids
Adults

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UK Outbound Travel Market to Reach US$ 175.2 Bn by 2032

The UK outbound travel market is projected to reach US$ 175.2 Billion by 2032, up from US$ 76.7 Billion in 2022, developing at a considerable CAGR of 8.60% during the forecast period.

Despite the slowdown in economic growth, European outbound travel has grown by 3%. Globally, United Kingdom is one of the top five spenders on outbound tourism. Outbound travel is increasing steadily in the United Kingdom along with domestic and inbound tourism. According to the Office for National Statistics of UK, residents of the United Kingdom made 70.4 million outbound trips in 2016, which is a 7% increase compared to 2015.

Trips taken as holiday remained the main purpose of the trip for UK outbound tourists in 2016 followed by visiting friends and relatives and business trips. According to the World Travel and Tourism Council, the outbound tourism expenditure of UK travellers crossed US$ 70 billion and is projected to reach US$ 102 billion by the end of 2024.

The outbound travel sector in the United Kingdom provides employment on par with other well-known and recognised industries, such as food and electrical equipment manufacturing and machinery and equipment industries.

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UK Outbound Travel: Market Dynamics and Restraints

Relatively high disposable income per capita is expected to drive the United Kingdom’s outbound tourism sector. Baby Boomers, with more free time and money for travel, are the most important segment of the UK outbound travel sector. The baby boomer generation has topped the market share of the UK outbound travel sector mainly attributed to the recent changes in pension annuities. According to the International Passenger Survey, the residents of UK prefer July and August for travel abroad mainly due to the long school holidays.

Other popular months are April, May, June, October and November. January to March is a popular time for single-week ski trips and winter sun breaks to cheap destinations, usually as an extra holiday. Along with the international airports, the United Kingdom has a large number of regional airports offering international services to important destinations which include Manchester, Nottingham, East Midlands, Liverpool and Leeds.

Medical tourism across the globe also faced difficulties in the last couple of years. Outbound medical tourism from Britain has recovered slowly after the recession. Factors include poor National Health Service delivery, problems with National Health Service dentistry, and objections and delays relating to National Health Service. Reforms have helped boost the outbound tourism sector in the UK.

UK Outbound Travel: Regional Analysis

Europe is most popular region for UK tourists with over 75% of total outbound trips. Spain, France, Italy and Germany are the most visited destinations by UK residents and the United States was the most visited non-European destination with around 6% of total visits. China, India, Iceland and Cuba areother popular destinations for UK travellers among other non-European destinations.

Factors such as cultural and artistic heritage, high reputation related to the charming culture and lifestyle, great climate, excellent and frequent flight connections have influenced UK tourists to travel to Italy. In addition to the trips within Europe, long haul travel is also increasingly becoming popular among UK travellers.

The Middle East was the least visited region for UK holidaymakers and India is one of the top destinations for UK travellers in the Asia Pacific region.

This comprehensive report equips readers with lucid information and analysis on the sector.

Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

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The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

Key Segments in the UK Outbound Travel Market

By Type:

Day Trips & Local Gateways
Museums
Pilgrimages
Religious and Heritage Tours
Others

By Traveler Type:

Independent Traveller
Tour Group
Package Traveller

By Booking Channel:

Online Booking
Offline Booking

By Age Group:

0 to 20 Years
21 to 40 Years
41 to 60 Years
60 Above

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GCC Outbound Tourism Market to be Appraised at US$ 65.5 Bn by 2032 | FMI

The GCC outbound tourism market to be appraised at US$ 65.5 Billion by 2032, up from US$ 18.3 Billion in 2022, progressing at a considerable CAGR of 13.60% during the forecast period.

Outbound tourism is when an individual travels outside his native country, either for vacation or business trip. Outbound tourism impacts the economy of a country owing to tourist spends; this brings in additional revenue to the country being visited.

The Gulf Cooperation Council is an international organisation comprising economic and political alliance of six major Middle Eastern countries – Kuwait, Saudi Arabia, Qatar, Bahrain, United Arab Emirates and Oman. The GCC countries are characterised by a fast growth in population year on year.

According to the World Travel and Tourism Council, the GCC countries contribute almost 60 percent of the outbound travel in the Middle East. There is a strong demand for outbound tourism in the GCC, except Bahrain, owing to the political stability and economic growth, according to the European Tourism Council (ETC). Almost 82 percent of outbound travels are particularly for leisure and 18 percent for business purposes.

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GCC Outbound Tourism: Motivational Drivers

“Travel for leisure” constitutes a major part of outbound travel in GCC countries. The leisure travel is influenced by free independent travellers, honeymooners, youth and family travellers. Tourists travel for visiting friends and relatives (VFR). The frequency of leisure travel and travel for visiting friends and relatives is increasing, which is driving more outbound arrivals.

The outbound arrivals owing to business are also showing good footfall owing to opportunities with respect to upcoming industries and businesses. International business engagements have increased, thereby propagating more business opportunities. The length of stay is also longer, which contributes to increased expenditure by tourists.

The luxury goods sector has a dominance in the GCC countries. The shopping tendency of tourists has increased as they spend on luxury goods and items. This has increased the inflow of money. In a way, smart phones and the internet also contribute to the increased outbound footfall.

It has allowed the common man to book tickets and hotel reservations and plan the entire tour with ease. Not only tourists but even hotels can manage the crowd easily making it very convenient for the tourists. This has increased tourist satisfaction levels, which has in turn boosted the growth of outbound tourism in the GCC countries.

Moreover, good facilities for tourists, good shopping opportunities, image of the destination (Dubai is well-known for the Burj Khalifa, a famous tourist attraction), culture and good exploration opportunities could also be considered as incremental factors impacting the GCC outbound tourism sector.

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GCC Outbound Tourism: Growing Areas

Outbound tourism statistics are impacted by the arrivals, overnight stays and the length of stay in the region. According to the European Tourism Council (ETC), in 2009 Saudi Arabia ranked 1st with 6 million arrivals with respect to outbound tourism followed by the UAE that recorded five million outbound arrivals.

In 2010 Saudi Arabia again topped the list in the GCC community with a record of seven million outbound arrivals. Destinations outside the Middle East are in Europe, Asia and rest of the world. In Europe, GCC tourists prefer United Kingdom, Germany, Austria, Switzerland and Italy.

As far as Asia is concerned, Malaysia and Thailand are famous for their tourist footfalls. Island regions such as Maldives and Mauritius are also experiencing an increased flow of GCC tourists. Australia is also one of the emerging tourist attractions.

According to the World Tourism Organisation (WTO), the Middle East outbound travel will reach £15 Billion by 2020. The most significant areas of growth are likely to be UAE, Saudi Arabia, Kuwait and Lebanon. The WTO states that GCC alone will represent above 60 percent of the outbound tourism sector.

There is great growth potential for the outbound tourism sector in the GCC countries. Factors such as growing population, rising middle class income and higher spending makes GCC a lucrative region for outbound tourism.

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This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

Key Segments in the GCC Outbound Tourism Market

By Tourism Type:

Holida0079
VFR (Visit Friends & Relatives)
Business
Others

By Traveler Type:

Independent Traveller
Tour Group
Package Traveller

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Event Tourism Market is Anticipated to Reach at a US$ 1.5 Tn in 2022

The global event tourism market to progress at a CAGR of 4% during the forecast period, from US$ 1.5 Trillion in 2022, the market is predicted to reach US$ 2.1 Trillion by 2032.

Event tourism is the systematic planning, marketing and holding of events at tourist destinations. It is done in order to increase the number of domestic as well as foreign tourists. The number and type of stakeholders involved in event tourism differ from event to event. Various media such as electronic, print and especially social media play a major role in the promotion of event tourism. The awareness about the occurrence of an event, its schedules, entry passes, prices etc. is spread through digital media.

Attendees, employees, participants, spectators, sponsors, suppliers and volunteers are some of the key stakeholders of event tourism. The government, host communities, tourism organisations, tour operators and travel agencies play a significant role in event tourism.

An enormous amount of revenue is generated by the selling of souvenirs during events. Event tourism catalyses alcohol and culinary tourism as visitors taste cuisines at the destination during the event. Moreover, this leads to the growth of the tourism industry as tourists end up exploring other attractions of that destination. Cultural tourism is also promoted with the experience of new cultural diversity during the event.

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DIFFERENT TYPES OF EVENT TOURISM

Event tourism can be segregated into the following categories:

Arts & entertainment: Award ceremonies, concerts
Business & trade: Conventions and meetings, consumer and trade shows, fairs and markets
Cultural celebrations: Commemorations, carnivals, festivals, religious events
Educational and scientific: Clinics, conferences, seminars
Political and state: Political events, royal occasions, summits, VIP visits
Private: Parties, socials, weddings
Recreational: Games or sports for fun
Sports competitions: Amateur/professional, participant/spectator

All the aforesaid events can also be either “Hallmark events or Mega events” or both. A mega event is one that has more than 500 attendees while a hallmark event is one that is organised with the motive that the host community gets prominence in the tourism sector.

EVENT TOURISM: FAMOUS EVENTS AND ORGANISATIONS

Datenwrek GmbH’s “Oktoberfest” in Germany is the world’s largest beer festival and had 5.6 million visitors in 2016. Rio Carnival Service’s “Rio Carnival” in Brazil is the world’s largest carnival with two million people enjoying popular Brazilian origin music Samba on the streets every day.

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The Wimbledon Championships held in England attract tourists worldwide and is being held in London since 1877. “La Tomatina” festival is the world’s biggest food fight held in the town Bunol of Spain and receives an average influx of 50,000 tourists every year.

“The New York Fashion Week” held in the month of February in NYC is one of the major fashion events of the world. The International Live Events Association (ILEA) provides its stakeholders and members collaborative networking, credibility, educational development, inspiration, outward awareness and professional development to ensure a growing global events profession.

The International Association of Events & Exhibition (IAEE) is the leading association for the global exhibition industry which offers several meetings and educational programs throughout the year at an international level.

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EVENT TOURISM: CHALLENGES & CONCERNS

The increasing number of terrorist attacks are a constant threat to event tourism. The loss of lives in shootings and attacks across the world has put the security of the visitors at a big risk.

Event professionals are always trying to adopt different methods to manage the risk of terrorist attacks. Lack of coordination between the government, hotel organisations, restaurants and tour operators are gaps in any nation’s event tourism strategy.

Countries such as New Zealand are also facing the problem of lack of planning in this industry. Also, people are still unaware of the various events taking place in different parts of the world because of inadequate advertising campaigns by the event organisers. Moreover, lack of infrastructure in some countries is also restraining the growth of event tourism.

EVENT TOURISM: FUTURE OUTLOOK

The emerging middle class in developing economies and the increase in the number of outbound travellers from countries such as China will foster the growth of event tourism across the globe.

The increase in available funding options such as angel investors, advance ticket sales, bank loans, crowd funding enterprises, sponsorship programs and the sale of exhibition space has expanded the growth of event tourism. The globalisation of events coupled with consumer awareness is driving the event tourism industry. Event tourism is one of the major contributors to the growth of global GDP.

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Key Segments In The Event Tourism Market

By Type:

Exhibitions and Conferences
Festivals
Corporate Events
Music Concert
Sports
Others

By Channel:

Virtual channel
Physical channel

By Revenue Source:

On-line registration
Off-line registration
Sponsorship
Others

By Age Group:

Below 18 Years
18-50 Years
Above 50 Years

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Colombia Agro Tourism Market to Reach at a US$ 7.1 Bn by 2032 | Future Market Insights

The global Colombia Colombia Agro Tourism market to be evaluated at US$ 7.1 Billion by 2032, up from US$ 3.7 Bn in 2022, at a CAGR of 6% From – 2022-2032

Colombia Agro Tourism is an extension of ecotourism as it lets visitors experience the life and activities on a farm. Tourists stay at agriculture oriented properties and observe the day-to-day activities of the people. Colombia is an agricultural country, where Colombia Agro Tourism is gaining popularity because the farming community remains willing to share with tourists their customs, their practical way of life and their relationship with the land.

Tourists can learn about agricultural practices and rural life in Colombia. Colombia Agro Tourism in Colombia provides various benefits to the producers such as cash flows during off seasons as well. It is a useful way to sustainably diverse and expand a farm or a ranch. Colombia Agro Tourism is a strategy for diversifying income of rural people in Colombia.

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Colombia has various ongoing agro projects and tourists can participate in live agro projects such as the Café Alban project in order to gain the unique experience of sustainable farming. The local population of Colombia has excitement and respect for the foreign visitors.

COLOMBIA AGRO TOURISM IN COLOMBIA: ANALYSIS

Colombia and its coffee are inextricably linked. Tourists can enjoy all the experiences centred on its flagship product (coffee) at places such as Antioquia, Boyaca, Huila, Narino, Santander, Sierra Nevada de Santa Marta and Tolima. Colombia has gained worldwide recognition for its coffee tradition because it symbolises the national culture of Colombia.

The Coffee Culture Landscape of Colombia (CCLC) is an exceptional example of the productive and sustainable landscape of the country. It is also included in the list of top World Heritage Sites by UNESCO. Tourists can enjoy boutique and iconic estates in this coffee cultural landscape. Many airline companies have recently added more number of flights to Colombia.

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A number of cheap flights are available from the capital city of Bogota to Colombia Agro Tourism destinations such as St. Lucia. These can be booked through domestic online travel agencies such as Skyscanner Ltd.

Colombia being less expensive than other Colombia Agro Tourism destinations in the world, is attracting emerging middle classes for Colombia Agro Tourism. Colombia Agro Tourism is growing in Colombia because it gives tourists an experience to produce and grow their own food and tourists can also feed the animals on the farms.

Cottages, guest houses situated in between the farms and ranches provide tourists an exotic experience of nature tourism. Colombia Agro Tourism in Colombia is an innovative, sustainable form of tourism as it conserves and protects nature. It promotes local crops globally and fosters the export of domestic agricultural products.

COLOMBIA AGRO TOURISM IN COLOMBIA: ATTRACTIONS

Colombia Agro Tourism in Colombia offers rides along unique sugarcane landscapes, through bridges and tunnels across the mountains on a rail cart. Colombia Agro Tourism in Colombia offers tourists authentic Colombian meals prepared by families of small growers. Colombia Agro Tourism in Colombia is one of the ideal destinations for solitude-seeking travellers.

Further, tourists can enjoy the most scenic landscapes of Jerico village while experiencing Colombia Agro Tourism in Colombia. Tourists can experience bird watching, wildlife watching, whale watching and nature parks during Colombia Agro Tourism in Colombia.

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COLOMBIA AGRO TOURISM IN COLOMBIA: CHALLENGES AND OUTLOOK

Lack of signage for the tourists who are visiting farms and unavailability of ATMs are some of the problems faced by tourists engaged in Colombia Agro Tourism in Colombia. Colombia Colombia Agro Tourism organisations should focus on destination marketing and increase their presence on the web in order to boost Colombia Agro Tourism in Colombia.

Further, Colombia Agro Tourism in Colombia can foster the growth of culinary tourism and can be positioned as a destination for corporate events, extended holidays and wedding celebrations. Community Based Eco Colombia Agro Tourism Sector Program (CBEAT) aims at enhancing communities through beautification, branding, cultural events, marketing, training and upgrading of tourism facilities to provide a foundation for economic development and sustainable livelihood.

The Dennery fish market facility in Colombia has increased the influx of local as well as foreign tourists, and has made the annual “Fish Festival” a must-be-participated-in event for tourists.

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Key Segments in the Colombia Agro Tourism Market

By Activities: