Market Research Blog

The river cruises market is anticipated to grow at an energetic 2% CAGR from 2022 to 2032, reaching US$ 1.71 billion in that year.

River cruises is now a major tourist industry in different parts of the world. In a river cruise, the ship is smaller and carriers fewer people than in an ocean liner. Also, since the river cruiser is smaller, these type of ships can travel in a river and in shallow waters and gives the traveller a chance to explore vibrating cities and laid back towns and villages, and also go in unexplored areas where large ships cannot go.

River cruises as an industry is flourishing in Europe, United States, South East Asia, and Africa. Some popular locations on river cruises include London, Paris, Amsterdam, Budapest, Bangkok, Singapore, Ho Chi Minh City, New York, San Antonio, Luxor and Cairo.

River Cruises: Drivers and Restraints 

Most river cruises give the luxury of unpacking only once and then the traveller is all set to enjoy the sights and sounds of their river cruise.

River cruises are relaxing, giving the traveller a reprieve from the fast paced urban life and offer great food and great chances of exploring interesting cities, towns and villages that large ships cannot go to because of size limitations. These are some of the drivers that are boosting the river cruises industry worldwide.

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However, the traveller must remember that once in a river cruise, the traveller will have to follow the schedule set by the organisers. If the traveller finds one place more interesting, they cannot stay at that place longer, because the river cruiser has to leave the said port. In addition, some of the river cruises are only meant for adults and they are not meant for children. This limits the adoption of river cruises as a vacation option.

River Cruises: Description  

Since river cruise ships tend to be smaller than the ocean cruisers, the travelling experience in river cruisers can be intimate and travelling in some of these cruisers can be really fun.

There is no mad rush to get back to the hotel, as the hotel is always a walk away on the river bank. Also, you have to unpack only once, since you don’t need to change your hotel room always when you are in a different city or a town, the ship is always nearby.

However, the traveller must keep in mind that river cruises are a rather subdued affair as compared to life in an ocean liner where you can dine in different restaurants every night or spend the whole night in a casino. In contrast, since the river cruisers are smaller, the experience on board one is far more intimate and relaxed. Also, unlike an ocean cruise, land is always in sight in a river cruise and the traveller isn’t at a risk of getting motion sickness.

The biggest advantage while on a river cruise is that the traveller doesn’t need to plan each and every step of the travel, since once you book a river cruise, everything is taken care of and the traveller just has to follow the schedule of the river cruiser. Also, since the size of the river cruiser is much smaller, the traveller gets to know each and every one in their group as the number of people travelling together is far lesser.

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This leads to a first-hand experience to know different travellers from different walks of life and there is an advantage of getting personalised service from the crew of the river cruiser. Due to all these advantages and the lure of an intimate and a laid back holiday, many travellers are getting attracted to river cruises and such cruises are getting more and more popular.

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 Profiled in the River Cruises Market Survey

By Type:

• Onboard facilities
• Passenger tickets

By Age Group:

• 15-25 Years
• 26-35 Years
• 36-45 Years
• 46-55 Years
• 56-65 Years
• 66-75 Years

By Customer Orientation:

• Male
• Female
• Others

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Future Market Insights (ESOMAR certified 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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The hotel channel management market is anticipated to grow at a strong 8% CAGR from 2022 to 2032, reaching US$ 1483 Mn in that year.

Hotel channel management is an integral part of the multibillion dollar hospitality industry. The entire process of hotel channel management is benefitting the hotel industry in several ways. The added technological edge is broadening the periphery of hotel chains that are spreading across the world. The global hotel industry will continue to grow in the forthcoming years.

The boom of the internet, the emergence of a new crop of tech-savvy travellers around the world, and the mushrooming of new travel destinations is building up the base of the global hotel and tourism industry. The all-inclusive surge of the hotel and tourism industry is impacting the rise of hotel channel management.

Regions such as Asia Pacific and Europe have been the cradle of hospitality and tourism and this sector is rocketing steadily with growing tourism destinations popularising the use of hotel channel management. The tourism sector in Middle Eastern countries is comparatively new.

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Tourism in the African region is witnessing a massive footfall of tourists throughout the year and private players are shelling out massive funds to change the ecosystem of the hotel and tourism industry through hotel channel management.

Hotel channel management is preferred by the new breed of millennial travellers who are populating most of the high-end hotels and tourist destinations across the world. The enhancement of mobile app-based travel management will buckle up the growth of hotel channel management in the coming years.

In the last few years, hotel channel management has grown manifold; the tool is not only user friendly but it also ushers significant change in the revenue structure of hotels. There are a plethora of hotel channel management tools available in the global market; however, users often complain about their below-par performance. Some of the tools are extremely tricky to use and do not provide the desired results.

The dissatisfaction levels amongst hoteliers is soaring and this is further fuelling the growth and adoption of hotel channel management.

Hotel Channel Management: The Game Changers

Hotel channel management has evolved with time. The hotel channel management system has helped rehash the entire hotel booking system through a smart and transparent process.

Hotel bookings are made easy and convenient as long email chains are no longer the way to book a suave room. Through hotel channel management a two-way communication channel can be established that can further help hoteliers understand market trends and easily gauge their market performance.

Hotel channel management also enables customers to get a clear idea about room tariffs and availability of accommodation. Hotel channel management has redefined the service levels of the hotels and created a global and customer-friendly climate in the market. New and advanced cloud-based hotel management systems are a recent addition, helping enhance the outreach of hotel channel management.

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The army of app-savvy wanderers is adding fodder to the growth of the hotel channel management system. A revamped marketing outreach and better customer management policies laid down by several hotels are also promoting the overall sale of hotel channel management tools.

The availability of real-time hotel room tariffs, room patterns and availability is luring more customers and the usage and acceptance of hotel channel management is surging in the hotel and tourism market.

Hotel Channel Management: Restraints

The emergence of hotel channel management is complimenting the growth and development of the entire hospitality industry. Hotel channel management is a potboiler in the tourism industry and some of the prime luxury properties are using this route to reach their targeted customer base.

However, the sudden upsurge of extremist activities has dampened the growth of the tourism and hospitality industry. A slow movement of tourists in the extremity zones in high risk countries has restricted the adoption of hotel channel management.

Hotel Channel Management: Bigwigs

There is a slew of hotel channel management tools available in the market. Some are third party platforms used by small and medium sized hotels and motels for bookings and room management. Most of the industry leaders use their own tailor-made tools for hotel channel management. Here is a list of few of the key software that are working well in this segment today – Hotelogix, ParTech, WebRezPro, RezOvation.

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.

• Trends that will impact the sector in the short- and long-term
• Deeper understanding of the target audience, their motivations, aspirations, and expectations from service providers

Key Segments Profiled in the Hotel Channel Management Market Survey

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified 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.

Contact Us:                    

Future Market Insights,
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The global indigenous tourism market is anticipated to generate earnings of around US$ 65.16 billion or more by 2032, up from US$ 40 billion in 2022 with a CAGR of 4% throughout the forecast period (2022-2032).

The size of the indigenous tourism market is growing as more visitors go to indigenous sites and engage in cultural tourism activities like seeing a fish wheel and discovering the current significance of salmon to the locals.

Native American-owned hotels, wineries, resorts, restaurants, museums, and interpretive centres are a few such examples that are boosting the demand for indigenous tourism.

Since indigenous tourism is currently one of the fastest expanding segments of the sector and offers employment prospects, it is becoming increasingly popular.

The cultural diversity and knowledge of indigenous peoples can provide innovative experiences and new indigenous tourism market opportunities for businesses and local communities.

It has come to light that indigenous tourism has developed into a significant “getaway” that has helped people find their true purpose in life by upholding a desirable work-life balance.

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What are Some of the Factors Driving the Indigenous Tourism Market?

A desire for greater cultural understanding is one of the biggest drivers of the demand for indigenous tourism.

The relations between white settler European populations and the natives of North America and Australia were never very harmonious from the 16th century all the way up to the 20th century.

Hence, in the 21st century, there is a noted increase in the number of individuals wanting to understand the customs, traditions, and way of life of the indigenous people, in turn, fuelling the adoption of indigenous tourism.

The second factor scaling up the adoption of indigenous tourism could be the government encouragement.

What are Some of the Factors Hampering the Indigenous Tourism Market?

As per the indigenous tourism market analysis by FMI, there are some challenges faced by the indigenous tourism sector today and a major one is inadequate government funding.

While governments of countries like the U.S, Canada, Australia and New Zealand have recognised the importance of their indigenous people and have pledged to support them, it is not enough at the present time.

Who is Winning?

Indigenous tours WA, Indigenous tours & charters, Aboriginal Australia Tours, Broome visitor centre, Lomdadina indigenous tours, Indigenous Walks, Indegeno Travel, GA Adventures, Voyages Indegeneous Tourism Australia, Destination British Columbia, Sumak Travel

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Key Segments

By Traveller:

• Solo
• Group

By Activity Type:

• Festivals
• Rituals

By Tourism Theme:

• Ethnic Food Items
• Herbal Medicines
• Handicrafts

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified 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.

Contact Us:                    

Future Market Insights,
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Jumeirah Bay 2
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The destination wedding market with the rising penetration of social media.  According to Future Market Insights, the destination wedding market will witness a year-on-year growth rate of 28.7% in 2021.

As per the market analysis, the destination wedding market will generate revenue, surpassing US$ 21.5 Bn in 2021. By 2031, the market is forecast to cross US$ 290 Bn. Food service activities remain important and are set to account for 39% of the value share in 2021.

The saudi arabia hajj tourism market is projected to reach a valuation of US$ 150.0 Billion in 2022, likely to surge at a vigorous 7.0 % CAGR from 2022 – 2032

The Hajj is an annual journey to Mecca in Saudi Arabia and is the world’s largest mass gathering. All the physically and financially able grownup Muslims make Hajj at least once in their lifetime.

Around two million Hajjis travel to Saudi Arabia during September to visit Islam’s holiest places, Mecca and Medina. Earlier, Hajj was a simply a traditional ritual in the Islamic world, but in recent days it has become a tourism destination because of the facilities evolved over the last few years.

The Hajj signifies main tourism prospect for both national and international stakeholders, mainly tour operators and hotel groups. The Saudi Arabia government is also supporting this holy gathering by investing in hotels and renovating ancient religious sights. To promote Hajj tourism globally a landmark hotel named as Abraj Kudai Hotel is in the pipeline – this hotel is anticipated to be the world’s largest hotel with 10,000 rooms.

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Hajj is emerging as a perennial flow of religious tourists and is a primary source of revenue generation from international pilgrims from countries with a large Muslim population. Domestic pilgrims are also contributing to the revenue generation. Some of the international pilgrims come from countries such as India, Indonesia, Nigeria, Morocco, and Algeria among many other Muslim countries.

Saudi Arabia Hajj Tourism Market: Drivers and Opportunities

Mainly, factors such as religious faith or established rituals to follow among spiritual Hajjis and the growth in per capita income are driving Saudi Arabia Hajj Tourism Market by bringing Hajjis from all over the globe. The other drivers that trigger the demand for Hajji Tourism in Saudi Arabia are the comforts and facilities built for the devotees, ease in travel and accommodation. Besides, many historical monuments are renovated by the Saudi government which become add-on tourist spots and major attractions for the pilgrims.

Saudi Arabia Hajj Tourism Market is an enormous opportunity for travel and hotel industry for future business prospects. Some opportunities listed are many domestic and international airlines including Qatar Airways, Qatar’s Al Maha airlines that provide their services on domestic and international routes, and this will increase the competition.

The rise in the volume of national and international Hajjis propell the demand for accommodation thereby boosting hotel rentals. Backpack concept in areas such as Riyadh, Jeddah and Medina is also coming up as a possible opportunity with a business and facility point at Hajj Tourism within the Saudi Arabia tourism industry.

Saudi Arabia Hajj Tourism Market: Restraints

As Hajj is practiced from ancient time and is a tradition in Islamic region, persistence in the visit by devotees can be seen significantly, but some factors such as lack of facilities, chances of accidents, and lack of travelling provinces are slowing down the volume of pilgrims to an extent.

Although the government and private sector have taken many initiatives to overcome the hindrances to some extent, certain restraints such as large rental car booking, shortage of rental vehicles, over occupancy of accommodation, serious crowding of the places and unorganised facilities hinder Saudi Arabia Hajj Tourism Market.

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Saudi Arabia Hajj Tourism Market: Options

As per the 2013 Saudi Tourism and Antiquities Committee (SCTA) count, there were around 160 tour agents in Saudi Arabia catering only to religious tours mainly Saudi Arabia Hajj Tourism Market.

Some of the prominent Hajj tour operators who provide their services to tourists across the world include Flynn’s Company LCC Accor KSA, Al Tala’a International Transportation Co. Limited, Fly Dubai Saudi Arabia, Al Tayyar Travel Group, Zamil Travel, Avis Saudi Arabia, Zahid Travel Group, Boudl Hotels & Resorts, Wyndham Hotel Group Saudi Arabia, and Europcar Saudi Arabia among many others.

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.

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.

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified 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.

Contact Us:                    

Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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