Global Personalized Travel and Experiences Market (2021 to 2030) – Industry Opportunity Analysis and Forecast

0

DUBLIN, September 30, 2021– (BUSINESS WIRE) – The “Travel and Personalized Experiences Market Market By Type of Service, Mode of Booking, Age Group, Purpose: Global Opportunity Analysis and Industry Forecast 2021-2030” report has been added to ResearchAndMarkets.com offer.

The size of the travel and personalized experiences market was valued at $ 91.2 billion in 2020 and is expected to reach $ 447.3 billion by 2030, registering a CAGR of 17.8% from 2021 to 2030.

Personalized Travel and Experiences is the provision of services and products in airlines, hotels and cruise lines to travelers and tourists, based on their individual characteristics, behaviors, preferences and needs. These types of preferences and needs can be known or analyzed through social media platforms or, in some hotels, customers download their personalized apps and fulfill their requirements, tastes and interests. It could be helpful for service providers to know their customers and therefore their crew member serves them. Additionally, in most cruise lines, customers offer Bluetooth or Internet connected devices, which can be used to open and close hotel rooms, and these portable devices are accessible through each counter, which helps in recognizing passengers. names, needs, allergies and preferences of customers. and as a result, crew members serve their customers.

The increase in people’s exposure to different forms of social media has improved their knowledge of the various trends shaping the travel and tourism industry. Social media is increasingly becoming a pseudo-travel agent. Customers are increasingly choosing travel products and services by seeking advice from people who have stayed or traveled there before. Growth in the use of social media, the online booking platform and the availability of personalization options for customers, allowing them to change their mode of travel and hotel to stay, which further accelerates growth of the personalized travel and experiences market over the forecast period.

Natural disasters and epidemics of deadly diseases are seriously affecting the growth of the travel industry. Natural disasters such as hurricanes, earthquakes and tsunamis affect the number of people visiting these areas, as these natural disasters damage public transport systems, disrupt natural beauty, culture and economy for a short period. or extended. In addition, regions affected by diseases such as swine flu and Zika virus have experienced a decline in travel and tourism, which is expected to negatively impact the personalized travel and experiences market during the period. forecast.

The report segments the personalized travel and experiences market into service type, booking method, age range, purpose, and region. On the basis of service type, the market is categorized into in-flight customization, cruise line customization, adventure travel, hotel customization, and others. By reservation method, it is separated into an OTA and offline platform. According to the age group, it is divided into Millennials, Generation X, Baby Boomers, and others. Based on the purpose, it is separated into leisure and business. Regionally, the market is analyzed to North America (United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China , India, Japan, Australia, Korea and the rest of Asia-Pacific) and LAMEA (Latin America, Middle East and Africa).

Key Benefits

  • The study provides an in-depth analysis of the global personalized travel and experiences market, with current and future trends to elucidate impending pockets of investment in the market.

  • Current and future trends are outlined in the report to determine the overall attractiveness of the market and distinguish profitable trends to gain a stronger foothold in the market.

  • The report provides insight into drivers, restraints, and opportunities with impact analysis.

  • A quantitative analysis of the current market and an estimate of it from 2020 to 2030 is provided to present the financial competence of the market.

  • Porter’s five industry forces model illustrates market competitiveness by analyzing various parameters such as the threat of new entrants, the threat of substitutes, the bargaining power of buyers, and the bargaining power of suppliers operating in the market. .

  • The value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.

  • Competitive intelligence highlights the business practices followed by the main market players in various regions.

Market dynamics

Conductors

  • Growing trend of online bookings

  • The rise of social media and its impact on the travel and tourism industry

  • Development of the global travel and tourism industry

  • Strong Internet adoption

  • Growing people’s inclination towards unique and exotic vacation experiences

  • Positive impact of mobile apps, big data analytics and artificial intelligence on the tourism industry

Constraints

  • Increased rate of terrorism and crime, political uncertainty and natural disasters

  • Variable socio-economic conditions

Opportunities

  • New emerging destinations

  • Request for improved service standards

  • Increase in disposable income

Companies mentioned

  • Best Western

  • Carnival Corp.

  • Family Club Hotel

  • Delta Flights

  • EasyJet

  • KLM Royal Dutch

  • Princess Cruises

  • Virgin Hotels

  • IBERIA LAE SA

  • Expedia Group Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/1w0cw2

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210930005482/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Director
[email protected]
For EST office hours, call 1-917-300-0470
For USA / CAN call toll free 1-800-526-8630
For GMT office hours, call + 353-1-416-8900


Source link

Leave A Reply

Your email address will not be published.