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Leisure Travel Market Report by Traveler Type, Age Group, Expenditure Type, Sales Channel, and Region 2024-2032

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    Report

  • 146 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5946613
Description Jump to:
The global leisure travel market size reached US$ 869.6 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 1,639.4 Billion by 2032, exhibiting a growth rate (CAGR) of 7.3% during 2023-2032.

Leisure travel refers to casual trips that are planned for recreation, entertainment, relaxation, and personal enjoyment by an individual or a group of individuals. The trips assist individuals in relaxing and unwinding as they involve exploring various cultures across the globe with an enhanced focus on providing an enjoyable experience. Several industries are well-established in the leisure travel ecosystem, including logistics, accommodations, food, retail, recreation, and other tourism services. By bringing people together, supporting communities, and boosting the economy of a country, leisure travel contributes to the creation of new experiences. Recreational activities are included specifically in these journeys to enhance the physical, mental, and emotional well-being of individuals. As a result, these travels play a vital role in relieving stress from the body and mind while enriching the cultural knowledge of the masses.

Leisure Travel Market Trends:

The market is majorly driven by a paradigm shift in the spending patterns of consumers. This can be attributed to a considerable rise in the number of global outbound tourists. In addition to this, the improved lifestyle standards of the masses are providing an impetus to the market. Moreover, the rapid integration of big data analytics, the internet of things (IoT), and artificial intelligence (AI) in the tourism industry is also propelling the market. Apart from this, the rising trend of eco-friendly tourism, space tourism and wellness tourism are creating lucrative growth opportunities for the market. With the growing penetration of social media among millennials, leisure travel has become a sign of social status, thereby resulting in higher investment in leisure travel activities. Some of the other factors contributing to the market include the easy availability of low-cost airlines, favorable government initiatives, the increasing awareness on unique destinations among tourists, and the widespread awareness regarding easy online booking services.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global leisure travel market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on traveler type, age group, expenditure type and sales channel.

Breakup by Traveler Type:

  • Solo
  • Group

Breakup by Age Group:

  • Baby Boomers
  • Generation X
  • Millennial
  • Generation Z

Breakup by Expenditure Type:

  • Lodging
  • Transportation
  • Food and Beverage
  • Events and Entertainment
  • Others

Breakup by Sales Channel:

  • Conventional Channel
  • Online Channel

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being American Express Company, Cox & Kings Ltd., Direct Travel Inc., Flight Centre Travel Group Limited, Hays Travel Limited, JTB Americas Ltd. (JTB Corporation), MakeMyTrip Pvt. Ltd., Tripadvisor Inc., Trivago N.V., TUI Group and World Travel Inc

Key Questions Answered in This Report

1. What was the size of the global leisure travel market in 2023?
2. What is the expected growth rate of the global leisure travel market during 2024-2032?
3. What are the key factors driving the global leisure travel market?
4. What has been the impact of COVID-19 on the global leisure travel market?
5. What is the breakup of the global leisure travel market based on the traveler type?
6. What is the breakup of the global leisure travel market based on the expenditure type?
7. What is the breakup of the global leisure travel market based on the sales channel?
8. What are the key regions in the global leisure travel market?
9. Who are the key players/companies in the global leisure travel market

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Leisure Travel Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Traveler Type
6.1 Solo
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Group
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Age Group
7.1 Baby Boomers
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Generation X
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Millennial
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Generation Z
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Expenditure Type
8.1 Lodging
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Transportation
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Food and Beverage
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Events and Entertainment
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Sales Channel
9.1 Conventional Channel
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Online Channel
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 American Express Company
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Cox & Kings Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Direct Travel Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Flight Centre Travel Group Limited
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 Hays Travel Limited
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 JTB Americas Ltd. (JTB Corporation)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 MakeMyTrip Pvt. Ltd.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Tripadvisor Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Trivago N.V.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 TUI Group
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 World Travel Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Leisure Travel Market: Major Drivers and Challenges
Figure 2: Global: Leisure Travel Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Leisure Travel Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Leisure Travel Market: Breakup by Traveler Type (in %), 2023
Figure 5: Global: Leisure Travel Market: Breakup by Age Group (in %), 2023
Figure 6: Global: Leisure Travel Market: Breakup by Expenditure Type (in %), 2023
Figure 7: Global: Leisure Travel Market: Breakup by Sales Channel (in %), 2023
Figure 8: Global: Leisure Travel Market: Breakup by Region (in %), 2023
Figure 9: Global: Leisure Travel (Solo) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Leisure Travel (Solo) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Leisure Travel (Group) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Leisure Travel (Group) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Leisure Travel (Baby Boomers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Leisure Travel (Baby Boomers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Leisure Travel (Generation X) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Leisure Travel (Generation X) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Leisure Travel (Millennial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Leisure Travel (Millennial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Leisure Travel (Generation Z) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Leisure Travel (Generation Z) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Leisure Travel (Lodging) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Leisure Travel (Lodging) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Leisure Travel (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Leisure Travel (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Leisure Travel (Food and Beverage) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Leisure Travel (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Leisure Travel (Events and Entertainment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Leisure Travel (Events and Entertainment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Leisure Travel (Other Expenditure Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Leisure Travel (Other Expenditure Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Leisure Travel (Conventional Channel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Leisure Travel (Conventional Channel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Leisure Travel (Online Channel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Leisure Travel (Online Channel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: North America: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: United States: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: United States: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Canada: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Canada: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Asia-Pacific: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Asia-Pacific: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: China: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: China: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Japan: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Japan: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: India: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: India: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: South Korea: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: South Korea: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Australia: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Australia: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Indonesia: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Indonesia: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Europe: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Europe: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Germany: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Germany: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: France: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: France: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: United Kingdom: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: United Kingdom: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Italy: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Italy: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Spain: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Spain: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Russia: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Russia: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Latin America: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Latin America: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Brazil: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Brazil: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Mexico: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Mexico: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Others: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Others: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Middle East and Africa: Leisure Travel Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Middle East and Africa: Leisure Travel Market: Breakup by Country (in %), 2023
Figure 83: Middle East and Africa: Leisure Travel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Global: Leisure Travel Industry: SWOT Analysis
Figure 85: Global: Leisure Travel Industry: Value Chain Analysis
Figure 86: Global: Leisure Travel Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Leisure Travel Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Leisure Travel Market Forecast: Breakup by Traveler Type (in Million US$), 2024-2032
Table 3: Global: Leisure Travel Market Forecast: Breakup by Age Group (in Million US$), 2024-2032
Table 4: Global: Leisure Travel Market Forecast: Breakup by Expenditure Type (in Million US$), 2024-2032
Table 5: Global: Leisure Travel Market Forecast: Breakup by Sales Channel (in Million US$), 2024-2032
Table 6: Global: Leisure Travel Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Leisure Travel Market: Competitive Structure
Table 8: Global: Leisure Travel Market: Key Players

Companies Mentioned

  • American Express Company
  • Cox & Kings Ltd.
  • Direct Travel Inc.
  • Flight Centre Travel Group Limited
  • Hays Travel Limited
  • JTB Americas Ltd. (JTB Corporation)
  • MakeMyTrip Pvt. Ltd.
  • Tripadvisor Inc.
  • Trivago N.V.
  • TUI Group and World Travel Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages146
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 869.6 Billion
Forecasted Market Value ( USD ) by 2032 $ 1639.4 Billion
Compound Annual Growth Rate7.3%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Leisure Tourism Market

Leisure Tourism is a type of travel and tourism that focuses on recreational activities. It is often associated with holidays and vacations, and involves activities such as sightseeing, shopping, dining, and entertainment. Leisure Tourism is a major component of the travel and tourism industry, and is often the primary motivation for people to travel. Leisure Tourism can be divided into two main categories: domestic and international. Domestic Leisure Tourism involves travel within one's own country, while International Leisure Tourism involves travel to another country. Both types of Leisure Tourism involve activities such as sightseeing, shopping, dining, and entertainment. Leisure Tourism is an important source of revenue for many countries, and is often a major contributor to the local economy. It is also an important source of employment, as it provides jobs for people in the hospitality and tourism industries. Some companies in the Leisure Tourism market include airlines, hotels, tour operators, cruise lines, car rental companies, and travel agents. These companies provide services such as transportation, accommodation, and tour packages to leisure travelers. Show Less Read more

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