Cultural Tourism Market 2020-2024 | Increased Preference for Cultural Tourism to Boost the Market Growth | Technavio

Technavio has announced its latest market research report titled Global Cultural Tourism Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the cultural tourism market and it is poised to grow by USD 2565.61 billion during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ACE Cultural Tours, Classic Journeys, Envoy Tours, Indigenous Tourism BC, Kudu Travel Ltd., Martin Randall Travel Ltd., Nature Quest Education and Health Care Society, Odyssey World, Responsible Travel, and Splitrock Environmental are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Increased preference for cultural tourism has been instrumental in driving the growth of the market. However, high impact of terrorism might hamper market growth.

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Cultural Tourism Market 2020-2024: Segmentation

Cultural Tourism Market is segmented as below:

Type

  • Domestic cultural tourism
  • International cultural tourism

Category

  • Cultural eco-tourism
  • Indigenous cultural tourism
  • Socio-cultural tourism

Cultural Tourism Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cultural tourism market report covers the following areas:

  • Cultural Tourism Market Size
  • Cultural Tourism Market Trends
  • Cultural Tourism Market Industry Analysis

This study identifies the increased preference for cultural tourism to break mundane lifestyle as one of the prime reasons driving the Cultural Tourism Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Cultural Tourism Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist cultural tourism market growth during the next five years
  • Estimation of the cultural tourism market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the cultural tourism market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cultural tourism market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Domestic cultural tourism - Market size and forecast 2019-2024
  • International cultural tourism - Market size and forecast 2019-2024
  • Market opportunity by Type

Market Segmentation by Category

  • Market segments
  • Comparison by Category
  • Cultural eco-tourism - Market size and forecast 2019-2024
  • Indigenous cultural tourism - Market size and forecast 2019-2024
  • Socio-cultural tourism - Market size and forecast 2019-2024
  • Market opportunity by Category

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor Landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ACE Cultural Tours
  • Classic Journeys
  • Envoy Tours
  • Indigenous Tourism BC
  • Kudu Travel Ltd.
  • Martin Randall Travel Ltd.
  • Nature Quest Education and Health Care Society
  • Odyssey World
  • Responsible Travel
  • Splitrock Environmental

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Cultural Tourism Market will grow by $ 2565.61 billion during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/