Global Leisure Travel Market, Forecast to 2026 – Mobile Applications, Big Data Analytics, and AI Evolving Together Amidst Proliferating Tourism…

DUBLIN, Feb. 28, 2020 The "Leisure Travel Market by Traveler Type Sales Channel and Age Group: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.

According to the report, the global leisure travel market size was $953.9 billion in 2018, and is projected to reach $1,464.3 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026.

Digitalization, informatization and globalization upgrade in the past few years have spurred the fast growth of the leisure travel market. In today's global economy, tourism is now playing a prominent role and taking a larger share in the economy, while bringing profound social impacts.

The outbound leisure travel market growth has gained significant momentum owing to rise in disposable income, expansion of logistics & infrastructure, rigorous promotion & advertising of tourism by the governments. The outbound tourism market has witnessed rapid increase, and thus, the number of outbound tourists maintained robust growth each year from 2002 to 2018. The number of global outbound tourists surpassed a record 1.4 billion in 2018.

New trends have emerged due to the rapid development of global outbound tourism. Citizens perceptions have changed from meeting everyday needs to improving quality of their life. Now more than ever, travel plays a vital role in the hectic lifestyle of people. Leisure holiday remained the most preferable travel type, however, adventure tourism has gained wide traction in the past few years.

Online booking has seen monumental growth in the last few years and continues to rise, driven by highly competitive digital landscape, increase in internet penetration, user-friendly app interface and platforms. Furthermore, deployment of chat bots and travel bots is expected to continue to gain high traction among the leading players operating in the leisure travel market.

UK is on the verge of Brexit and no deal exit might have appalling ramifications on the outbound tourism market. According to AMR analysis, a no deal Brexit might cause a drop of about 5-7% in out bound travelers from the UK. Spain, France, and Italy are expected to experience a significant drop of tourists travelling from the UK owing to weaker exchange rate, imposition of tariffs, higher air fare rates, and higher travel insurance premiums. A decrease in the value of British currency will result in changing UK residents preferences for domestic holidays A no deal scenario will result in increased overall expenditure incurred by the UK residents. No deal exit will have cascading effect to the UK economy, which is estimated to negatively impact the UK outbound tourism industry.

The key players operating in the leisure travel market are Expedia Group, Priceline Group, Carlson Wagonlit Travel, JTB Americas Group, World Travel, Inc., American Express Travel, Travel Leaders Group, TUI Group., Thomas Cook (India) Limited and Cox & Kings Ltd.

Key Findings

Key Topics Covered

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview3.1. Market Definition and Scope3.2. Market Dynamics3.2.1. Drivers3.2.1.1. Pursuit of Unique Experiences to Augment the Global Tourism Industry3.2.1.2. Mobile Applications, Big Data Analytics, and Artificial Intelligence Evolving Together Amidst Proliferating Tourism Industry3.2.1.3. Rise of Social Media Positively Impacting Travel Industry3.2.2. Restraints3.2.2.1. Fluctuating Fortunes for Destinations3.2.2.2. Nature and Tourism No Longer in Sync3.2.3. Opportunities3.2.3.1. Unique Destinations Gaining High Traction Amongst Tourists3.2.3.2. Eco-Acommodation - New Trend Amongst Millennials

Chapter 4: Leisure Travel Market, By Traveler Type4.1. Overview4.2. Solo Leisure Travel4.3. Group Leisure Travel

Chapter 5: Leisure Travel Market, By Sales Channel5.1. Overview5.2. Conventional Channels5.3. Online Channels

Chapter 6: Leisure Travel Market, By Age Group6.1. Overview6.2. Baby Boomers6.3. Generation X6.4. Millennials6.5. Generation Z

Chapter 7: Leisure Travel Market, By Region7.1. Overview7.2. North America7.3. Europe7.4. Asia-Pacific7.5. LAMEA

Chapter 8: Company Profiles8.1. American Express Travel8.2. Carlson Wagonlit Travel8.3. Cox & Kings Ltd.8.4. Expedia Group8.5. JTB USA Inc.8.6. Priceline(Booking Holdings Inc.)8.7. Thomas Cook India Ltd.8.8. Travel Leaders Group8.9. Tui Group8.10. World Travel Inc.

For more information about this report visit https://www.researchandmarkets.com/r/fuazz7

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-leisure-travel-market-forecast-to-2026---mobile-applications-big-data-analytics-and-ai-evolving-together-amidst-proliferating-tourism-industry-301013283.html

SOURCE Research and Markets

Continued here:

Global Leisure Travel Market, Forecast to 2026 - Mobile Applications, Big Data Analytics, and AI Evolving Together Amidst Proliferating Tourism...

Related Post

Comments are closed.