Product Code: TRAT2304
Global Domestic Tourism Market Overview
According to SPER Market Research, the Global Domestic Tourism Market is estimated to reach USD 5693.24 billion by 2032 with a CAGR of 13.65%.
The term "Domestic Tourism" describes travel by citizens of a nation within that nation. Religious pilgrimages and visiting family and friends are also forms of domestic tourism. Technology has evolved into a fundamental requirement to guarantee flawless execution of numerous procedures. Technology has consistently supported the domestic tourist sector. With the introduction of web-based booking and the integration of AI and IoT in operation optimization, technology is upending the established business. Using such technologies to give customers a seamless booking experience for their travel packages is propelling market growth over the course of the forecast period. Natural disasters and the emergence of deadly diseases have a significant negative impact on the expansion of the domestic tourism industry.
People's understanding of numerous trends has improved as a result of an increase in their exposure to various social media platforms. Social media is gradually taking on the role of a virtual travel agency. Consumers are increasingly choosing travel-related services and goods based on recommendations from those who have visited or stayed there in the past. They also make reference to evaluations and analysis provided on numerous social networking sites. Site views and opinions provide more transparency on goods, services, and experiences.
Impact of COVID-19 on the Global Domestic Tourism Market
The desire to travel overseas has been significantly reduced since the COVID19 epidemic. This is a result of the worldwide lockdown, which has impeded both domestic and foreign movement. The pandemic has had a significant influence on the world and continues to do so in many regions. It is unlikely that the global tourist sector would experience a quick recovery. Since it will probably take two to three years to rebuild the world's tourism industry, traditional tourist destinations like China and India must take the necessary steps to deal with the current health problem. International tourism has decreased as a result of Southeast Asian nations being particularly careful while opening their borders to foreign visitors during the outbreak.
Scope of the Report
Report Metric Details:
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Location, By Mode of Booking, By Tour Type, By Age Group
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Abercrombie & Kent USA LLC, American Express Travel, Butterfield & Robinson, Carlson Wagonlit Travel, Cox & Kings Ltd., Expedia Group, Inc, JTB Americans, Ltd., Kensington Tours, Micato Safari, Priceline, Scott Dunn Ltd., Tauck Inc., Thomas Cook India Ltd., Travcoa Corporation, Travel Leaders Group, TUI Group, World Travel, Inc
Global Domestic Tourism Market Segmentation:
By Location: Based on the Location, Global Domestic Tourism Market is segmented as; Interstate Travel, Local or Regional Travel.
By Tour Type: Based on the Tour Type, Global Domestic Tourism Market is segmented as; Adventure Tours, Conference/Meetings, Holiday Trip, Organized Tours, Weekend Getaways, Others.
By Age Group: Based on the Age Group, Global Domestic Tourism Market is segmented as; Below 30 Years, 30-41 Years, 42-49 Years, 50 Years & above.
By Region: Asia-Pacific accounted for a significant portion of the domestic tourism market by region, and it is anticipated that it will continue to hold this position during the projected period. With the help of subsidy schemes, travel discounts, and marketing assistance, Asian nations promote domestic tourism.
Table of Contents
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 Premium insight from KOL's
- 2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
- 2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
- 4.2. COVID-19 Impacts of the Global Domestic Tourism Market
5. Market variables and outlook
- 5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
- 5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
- 5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
- 5.4. Heat map analysis
6. Competitive Landscape
- 6.1 Global Domestic Tourism Manufacturing Base Distribution, Sales Area, Product Type
- 6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Domestic Tourism Market
7. Global Domestic Tourism Market, By Location, 2019-2032 (USD Million)
- 7.1 Interstate Travel
- 7.2 Local or Regional Travel
8. Global Domestic Tourism Market, By Mode of Booking, 2019-2032 (USD Million)
- 8.1 Direct Booking
- 8.2 OTA
9. Global Domestic Tourism Market, By Tour Type,2019-2032 (USD Million)
- 9.1 Adventure Tours
- 9.2 Conference/Meetings
- 9.3 Holiday Trip
- 9.4 Organized Tours
- 9.5 Weekend Getaways
- 9.6 Others
10. Global Domestic Tourism Market, By Age Group, 2019-2032 (USD Million)
- 10.1 Below 30 Years
- 10.2 30-41 Years
- 10.3 42-49 Years
- 10.4 50 Years & above
11. Global Domestic Tourism Market, By Region, 2019-2032 (USD Million)
- 11.1 Global Domestic Tourism Market and Market Share by Region (2019-2025)
- 11.2 Global Domestic Tourism Market and Market Share by Region (2026-2032)
- 11.3 Asia-Pacific
- 11.3.1 Australia
- 11.3.2 China
- 11.3.3 India
- 11.3.4 Japan
- 11.3.5 South Korea
- 11.3.6 Rest of Asia-Pacific
- 11.4 Europe
- 11.4.1 France
- 11.4.2 Germany
- 11.4.3 Italy
- 11.4.4 Spain
- 11.4.5 United Kingdom
- 11.4.6 Rest of Europe
- 11.5 Middle East and Africa
- 11.5.1 Kingdom of Saudi Arabia
- 11.5.2 United Arab Emirates
- 11.5.3 Rest of Middle East & Africa
- 11.6 North America
- 11.6.1 Canada
- 11.6.2 Mexico
- 11.6.3 United States
- 11.7 Latin America
- 11.7.1 Argentina
- 11.7.2 Brazil
- 11.7.3 Rest of Latin America
12. Company Profiles
- 12.1 Abercrombie & Kent USA LLC
- 12.1.1 Company details
- 12.1.2 Financial outlook
- 12.1.3 Product summary
- 12.1.4 Recent developments
- 12.2 American Express Travel
- 12.2.1 Company details
- 12.2.2 Financial outlook
- 12.2.3 Product summary
- 12.2.4 Recent developments
- 12.3 Butterfield & Robinson
- 12.3.1 Company details
- 12.3.2 Financial outlook
- 12.3.3 Product summary
- 12.3.4 Recent developments
- 12.4 Carlson Wagonlit Travel
- 12.4.1 Company details
- 12.4.2 Financial outlook
- 12.4.3 Product summary
- 12.4.4 Recent developments
- 12.5 Cox & Kings Ltd.
- 12.5.1 Company details
- 12.5.2 Financial outlook
- 12.5.3 Product summary
- 12.5.4 Recent developments
- 12.6 Expedia Group, Inc
- 12.6.1 Company details
- 12.6.2 Financial outlook
- 12.6.3 Product summary
- 12.6.4 Recent developments
- 12.7 JTB Americans, Ltd.
- 12.7.1 Company details
- 12.7.2 Financial outlook
- 12.7.3 Product summary
- 12.7.4 Recent developments
- 12.8 Kensington Tours
- 12.8.1 Company details
- 12.8.2 Financial outlook
- 12.8.3 Product summary
- 12.8.4 Recent developments
- 12.9 Micato Safari
- 12.9.1 Company details
- 12.9.2 Financial outlook
- 12.9.3 Product summary
- 12.9.4 Recent developments
- 12.10 Priceline
- 12.10.1 Company details
- 12.10.2 Financial outlook
- 12.10.3 Product summary
- 12.10.4 Recent developments
- 12.11 Scott Dunn Ltd.
- 12.11.1 Company details
- 12.11.2 Financial outlook
- 12.11.3 Product summary
- 12.11.4 Recent developments
- 12.12 Tauck Inc.
- 12.12.1 Company details
- 12.12.2 Financial outlook
- 12.12.3 Product summary
- 12.12.4 Recent developments
- 12.13 Thomas Cook India Ltd.
- 12.13.1 Company details
- 12.13.2 Financial outlook
- 12.13.3 Product summary
- 12.13.4 Recent developments
- 12.14 Travcoa Corporation
- 12.14.1 Company details
- 12.14.2 Financial outlook
- 12.14.3 Product summary
- 12.14.4 Recent developments
- 12.15 Travel Leaders Group
- 12.15.1 Company details
- 12.15.2 Financial outlook
- 12.15.3 Product summary
- 12.15.4 Recent developments
- 12.16 TUI Group
- 12.16.1 Company details
- 12.16.2 Financial outlook
- 12.16.3 Product summary
- 12.16.4 Recent developments
- 12.17 World Travel, Inc
- 12.17.1 Company details
- 12.17.2 Financial outlook
- 12.17.3 Product summary
- 12.17.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope