This Customized Holidays market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The Customized holidays market size has grown rapidly in recent years. It will grow from $101.42 billion in 2023 to $114.79 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth during the historic period can be attributed to the increase in solo and group travel, a heightened focus on wellness tourism, the growing popularity of luxury travel, the influence of social media, and a rising interest in cultural and heritage tourism.
The Customized holidays market size is expected to see rapid growth in the next few years. It will grow to $189.1 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth during the forecast period can be attributed to rising disposable income, increasing demand for personalized experiences, greater internet penetration, the expansion of experiential travel, and the overall growth of the travel and tourism industry. Key trends for this period include advancements in technology, the emergence of travel apps and platforms, support for sustainable travel practices, improvements in data analytics, and the availability of niche travel products.
The growing demand for personalized travel experiences is projected to drive the expansion of the customized holiday market. Personalized travel involves creating unique itineraries tailored to an individual’s specific preferences, interests, and needs, ensuring a distinctive and customized experience. This trend is rising due to consumers’ increasing desire for travel experiences that cater specifically to their personal tastes, enhancing overall satisfaction and engagement. Customized holidays are essential for personalized travel, as they provide itineraries and experiences tailored to individual preferences, delivering a unique and enjoyable travel experience. For instance, a report by the United Nations World Tourism Organization in May 2023 revealed that international tourist arrivals in the first quarter of 2023 reached 80% of pre-pandemic levels, with around 235 million travelers - more than double the figures from the same period in 2022. This recovery reflects the sector's resilience, with over 960 million international tourists traveling abroad in 2022, representing 66% of pre-pandemic levels and showcasing the industry’s ability to rebound. Thus, the growing demand for personalized travel experiences is fueling the growth of the customized holiday market.
Companies in the customized holidays market are focusing on developing innovative travel packages to offer convenience, cost savings, and streamlined planning. Travel packages typically include bundled services such as transportation, accommodation, and activities, provided at a set price for a cohesive travel experience. For example, in March 2023, MakeMyTrip, an India-based travel company, introduced over 130 unique holiday packages across 25 European countries. These packages are tailored to meet the changing preferences of Indian travelers, blending immersive experiences with flexibility. They offer customizable itineraries alongside group rates for flights and hotels. Travelers can select from a wide range of 10,000 activities, including visits to landmarks like Windsor Castle and Pisa, and special experiences such as photo shoots in Paris and Barcelona. The packages also feature exclusive dinners like the Paris Seine River Dinner Cruise and the Prague Evening Cruise, as well as convenient car rental options for exploring various European regions.
In April 2024, TUI Musement, an Italy-based company specializing in tours and activities, partnered with Love Holidays to enhance its global tours and activities offerings. This collaboration resulted in the launch of a digital platform that provides Love Holidays customers with access to a curated selection of excursions, activities, and attraction tickets. The partnership underscores TUI’s efforts to expand its presence in the global tours and activities market, including collaborations with international airlines, hotels, and travel technology companies throughout 2024. Love Holidays is a UK-based provider specializing in customized holidays.
Major companies operating in the Customized holidays market are REWE Group, Tui AG, Expedia Group Inc., Airbnb Inc., MakeMyTrip Ltd., Abercrombie & Kent USA LLC, Rainbow World Tours, Audley Travel, Kensington Tours, Cleartrip Private Ltd., SOTC Travel Ltd., Veena World, Cox & Kings Ltd., EaseMyTrip, Butterfield & Robinson Inc., Enchanting Travels, Thomas Cook Group Plc, Original Travel Ltd., Jacada Travel, Zicasso Inc., Scott Dunn Ltd., Yatra Online Private Ltd., Black Tomato Agency, Flamingo Travel And Tours Ltd., Redback Travel Pty Ltd.
North America was the largest region in the Customized holidays market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the Customized holidays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the Customized holidays market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Customized travel experiences are tailor-made trips designed to align with the specific preferences, interests, and needs of individual travelers or groups. This approach allows travelers to select personalized itineraries, accommodations, activities, and dining options, creating unique and memorable journeys. By offering flexibility and personalization, Customized travel experiences cater to diverse interests - whether cultural, adventurous, relaxing, or culinary - providing a deeper connection to the destinations visited and enhancing overall satisfaction.
The main types of Customized holidays include adventure holidays, luxury holidays, wellness holidays, and others. Adventure holidays are focused on activities that involve physical challenges and exploration, such as hiking, climbing, or water sports. These trips are suitable for solo travelers, couples, families, and groups, covering both domestic and international destinations. Adventure holidays typically offer stays in hotels and resorts and include various modes of travel such as roadways, airways, waterways, and combinations of these.
The Customized holidays market research report is one of a series of new reports that provides Customized holidays market statistics, including Customized holidays industry global market size, regional shares, competitors with a Customized holidays market share, detailed Customized holidays market segments, market trends and opportunities, and any further data you may need to thrive in the Customized holidays industry. This Customized holidays market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The Customized holiday market includes revenues earned by entities by tailor-made itineraries, accommodation booking, transport arrangements and activity planning. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The Customized holidays market size has grown rapidly in recent years. It will grow from $101.42 billion in 2023 to $114.79 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth during the historic period can be attributed to the increase in solo and group travel, a heightened focus on wellness tourism, the growing popularity of luxury travel, the influence of social media, and a rising interest in cultural and heritage tourism.
The Customized holidays market size is expected to see rapid growth in the next few years. It will grow to $189.1 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth during the forecast period can be attributed to rising disposable income, increasing demand for personalized experiences, greater internet penetration, the expansion of experiential travel, and the overall growth of the travel and tourism industry. Key trends for this period include advancements in technology, the emergence of travel apps and platforms, support for sustainable travel practices, improvements in data analytics, and the availability of niche travel products.
The growing demand for personalized travel experiences is projected to drive the expansion of the customized holiday market. Personalized travel involves creating unique itineraries tailored to an individual’s specific preferences, interests, and needs, ensuring a distinctive and customized experience. This trend is rising due to consumers’ increasing desire for travel experiences that cater specifically to their personal tastes, enhancing overall satisfaction and engagement. Customized holidays are essential for personalized travel, as they provide itineraries and experiences tailored to individual preferences, delivering a unique and enjoyable travel experience. For instance, a report by the United Nations World Tourism Organization in May 2023 revealed that international tourist arrivals in the first quarter of 2023 reached 80% of pre-pandemic levels, with around 235 million travelers - more than double the figures from the same period in 2022. This recovery reflects the sector's resilience, with over 960 million international tourists traveling abroad in 2022, representing 66% of pre-pandemic levels and showcasing the industry’s ability to rebound. Thus, the growing demand for personalized travel experiences is fueling the growth of the customized holiday market.
Companies in the customized holidays market are focusing on developing innovative travel packages to offer convenience, cost savings, and streamlined planning. Travel packages typically include bundled services such as transportation, accommodation, and activities, provided at a set price for a cohesive travel experience. For example, in March 2023, MakeMyTrip, an India-based travel company, introduced over 130 unique holiday packages across 25 European countries. These packages are tailored to meet the changing preferences of Indian travelers, blending immersive experiences with flexibility. They offer customizable itineraries alongside group rates for flights and hotels. Travelers can select from a wide range of 10,000 activities, including visits to landmarks like Windsor Castle and Pisa, and special experiences such as photo shoots in Paris and Barcelona. The packages also feature exclusive dinners like the Paris Seine River Dinner Cruise and the Prague Evening Cruise, as well as convenient car rental options for exploring various European regions.
In April 2024, TUI Musement, an Italy-based company specializing in tours and activities, partnered with Love Holidays to enhance its global tours and activities offerings. This collaboration resulted in the launch of a digital platform that provides Love Holidays customers with access to a curated selection of excursions, activities, and attraction tickets. The partnership underscores TUI’s efforts to expand its presence in the global tours and activities market, including collaborations with international airlines, hotels, and travel technology companies throughout 2024. Love Holidays is a UK-based provider specializing in customized holidays.
Major companies operating in the Customized holidays market are REWE Group, Tui AG, Expedia Group Inc., Airbnb Inc., MakeMyTrip Ltd., Abercrombie & Kent USA LLC, Rainbow World Tours, Audley Travel, Kensington Tours, Cleartrip Private Ltd., SOTC Travel Ltd., Veena World, Cox & Kings Ltd., EaseMyTrip, Butterfield & Robinson Inc., Enchanting Travels, Thomas Cook Group Plc, Original Travel Ltd., Jacada Travel, Zicasso Inc., Scott Dunn Ltd., Yatra Online Private Ltd., Black Tomato Agency, Flamingo Travel And Tours Ltd., Redback Travel Pty Ltd.
North America was the largest region in the Customized holidays market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the Customized holidays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the Customized holidays market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Customized travel experiences are tailor-made trips designed to align with the specific preferences, interests, and needs of individual travelers or groups. This approach allows travelers to select personalized itineraries, accommodations, activities, and dining options, creating unique and memorable journeys. By offering flexibility and personalization, Customized travel experiences cater to diverse interests - whether cultural, adventurous, relaxing, or culinary - providing a deeper connection to the destinations visited and enhancing overall satisfaction.
The main types of Customized holidays include adventure holidays, luxury holidays, wellness holidays, and others. Adventure holidays are focused on activities that involve physical challenges and exploration, such as hiking, climbing, or water sports. These trips are suitable for solo travelers, couples, families, and groups, covering both domestic and international destinations. Adventure holidays typically offer stays in hotels and resorts and include various modes of travel such as roadways, airways, waterways, and combinations of these.
The Customized holidays market research report is one of a series of new reports that provides Customized holidays market statistics, including Customized holidays industry global market size, regional shares, competitors with a Customized holidays market share, detailed Customized holidays market segments, market trends and opportunities, and any further data you may need to thrive in the Customized holidays industry. This Customized holidays market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The Customized holiday market includes revenues earned by entities by tailor-made itineraries, accommodation booking, transport arrangements and activity planning. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Customized Holidays Market Characteristics3. Customized Holidays Market Trends and Strategies32. Global Customized Holidays Market Competitive Benchmarking33. Global Customized Holidays Market Competitive Dashboard34. Key Mergers and Acquisitions in the Customized Holidays Market
4. Customized Holidays Market - Macro Economic Scenario
5. Global Customized Holidays Market Size and Growth
6. Customized Holidays Market Segmentation
7. Customized Holidays Market Regional and Country Analysis
8. Asia-Pacific Customized Holidays Market
9. China Customized Holidays Market
10. India Customized Holidays Market
11. Japan Customized Holidays Market
12. Australia Customized Holidays Market
13. Indonesia Customized Holidays Market
14. South Korea Customized Holidays Market
15. Western Europe Customized Holidays Market
16. UK Customized Holidays Market
17. Germany Customized Holidays Market
18. France Customized Holidays Market
19. Italy Customized Holidays Market
20. Spain Customized Holidays Market
21. Eastern Europe Customized Holidays Market
22. Russia Customized Holidays Market
23. North America Customized Holidays Market
24. USA Customized Holidays Market
25. Canada Customized Holidays Market
26. South America Customized Holidays Market
27. Brazil Customized Holidays Market
28. Middle East Customized Holidays Market
29. Africa Customized Holidays Market
30. Customized Holidays Market Competitive Landscape and Company Profiles
31. Customized Holidays Market Other Major and Innovative Companies
35. Customized Holidays Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Customized Holidays Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on customized holidays market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
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Description
Where is the largest and fastest growing market for customized holidays? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The customized holidays market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Adventure Holidays; Luxury Holidays; Wellness Holidays; Other Types2) By Travelers: Solo Travelers; Couples; Families; Groups
3) By Destination: Domestic; International
4) By Mode Of Stay: Hotel; Resorts
5) By Mode Of Travel: Roadways; Airways; Waterways; Mixed
Key Companies Mentioned: REWE Group; Tui AG; Expedia Group Inc.; Airbnb Inc.; MakeMyTrip Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Customized Holidays market report include:- REWE Group
- Tui AG
- Expedia Group Inc.
- Airbnb Inc.
- MakeMyTrip Ltd.
- Abercrombie & Kent USA LLC
- Rainbow World Tours
- Audley Travel
- Kensington Tours
- Cleartrip Private Ltd.
- SOTC Travel Ltd.
- Veena World
- Cox & Kings Ltd.
- EaseMyTrip
- Butterfield & Robinson Inc.
- Enchanting Travels
- Thomas Cook Group Plc
- Original Travel Ltd.
- Jacada Travel
- Zicasso Inc.
- Scott Dunn Ltd.
- Yatra Online Private Ltd.
- Black Tomato Agency
- Flamingo Travel And Tours Ltd.
- Redback Travel Pty Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | December 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 114.79 Billion |
Forecasted Market Value ( USD | $ 189.1 Billion |
Compound Annual Growth Rate | 13.3% |
Regions Covered | Global |
No. of Companies Mentioned | 26 |