North America Helicopter Tourism Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Tourism Type (General Tourism and Customized Tourism) and Ownership Type (Fractional Ownership and Charter Service)

Customized Tourism Segment to Dominate North America Helicopter tourism Market during 2020-2028

According to this research study titled “North America Helicopter Tourism Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Tourism Type and Ownership Type,” the market is expected to reach US$ 349.52 million by 2028 from US$ 272.50 million in 2021. The market is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The report provides trends prevailing in the North America helicopter tourism market along with the drivers and restraints pertaining to the market growth. Rising craze of Heli taxi service is the major factor driving the growth of the North America helicopter tourism market. However, issues associated with recession in helicopter tourism business due to COVID-19 hinders the growth of North America helicopter tourism market.

The North America helicopter tourism market is segmented into tourism type and ownership type. Based on tourism type, the North America helicopter tourism market is further segmented into general tourism and customized tourism. The customized tourism segment held a substantial market share in 2020. Based on ownership type, the market is further categorized into fractional ownership and charter service. The charter service segment held a substantial market share in 2020.

The ongoing COVID-19 outbreak is severely affecting North America. The US is the worst-hit country in North America due to the outbreak of COVID-19, with thousands of infected individuals facing severe health conditions across the country. Most of the tourist destinations were either temporarily shut or are operating with limited number of visitors as per government prescribed guidelines; the flying hours of helicopters at tourist destinations have been reduced drastically due to lack of passengers; these are some of the critical issues faced by the North American tourism industry. As per the study, more than 2/3rd of helicopter operators in the US admitted that their business has reduced by more than 50% in 2020 due to the ongoing pandemic. The US is one of the largest markets for helicopter tourism services, especially for aerial sightseeing of cities such as Vegas, New York, Grand Canyon, and Kauai. At present, all of them are operating with less tourists on board following the government set protocol of social distancing.

Bird's Eye View Helicopters LLC; Heli Chicago; Helicopter Flight Services, Inc.; Liberty helicopter; Maverick Aviation Group; Papillon Grand Canyon Helicopters; and Zip Aviation are among the leading companies in the North America helicopter tourism market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Maverick Helicopters signed an agreement with Las Vegas Motor Speedway.

The report segments the North America Helicopter Tourism Market as follows:

North America Helicopter Tourism Market - By Tourism Type

• General tourism
• Customized tourism

North America Helicopter Tourism Market - By Ownership Type

• Fractional ownership
• Charter service

North America Helicopter Tourism Market - By Country

• US
• Canada
• Mexico