In-Depth Exploration of the Heritage Tourism Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global Heritage Tourism Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Heritage Tourism Market is valued approximately USD 556.96 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.80% over the forecast period 2022-2028.
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Government measures to encourage culture in the tourist sector have significantly fueled expansion. For example, the United Nations designated 2018 as the European Year of Cultural Heritage, providing an exceptional chance to develop and promote cultural tourism. The rising relevance of culture in foreign travel is also driving expansion. While on vacation, travelers are increasingly searching for concrete and intangible cultures. These attractions offer unique material, spiritual, and intellectual knowledge about the area. Furthermore, governments throughout the world are launching large measures to promote the regional heritage travel industry, which is projected to have a significant influence on the growth of the Global Cultural Tourism Market. The growing interest in cultural travel is accelerating the rise of the global heritage tourism business. According to the United Nations World Tourism Organization, cultural and historical travel accounts for around 40% of all tourism worldwide per year.
The sector is constantly changing, driven by changing consumer lifestyles, emerging forms of culture, and increased digital innovation. Furthermore, the growing trend of digitization and digital innovation in the travel and tourism sector is predicted to help the entire travel business as well as cultural tourism expand. In addition, The Council on Library and Information Resources and Stanford Libraries announced the creation of the Digital Library of the Middle East, a public platform, in July 2020. The library provides access to the Middle Eastern and North African cultural legacies, which is projected to stimulate tourist interest in cultural tourism. Amazon, for example, will launch Amazon Explore, a virtual tour and experience platform, in September 2020. The VR application offers tours to distant destinations as well as excursions to cultural and natural attractions such as temples and palaces. This service is currently accessible in the United States. The firm announced group experiences, with up to seven consumers in a group, in September 2021. The high cost of Heritage Tourism, on the other hand, stifles market expansion over the projection period of 2022-2028.
The key regions considered for the Global Heritage Tourism Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific has the biggest market share. This is due to the region’s abundant cultural endowments, which are mostly given by China, India, and Japan. Higher domestic and international visitor arrivals, as well as longer durations of stay in the region, provide for increased income creation and revenue sharing. During the projection period, the Middle East and Africa are predicted to rise rapidly. Increasing government activities to promote tourism and culture in the region are likely to fuel sector growth throughout the forecast period.
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Major market player included in this report are:
ACE Cultural Tours Ltd.
Exodus Travels Ltd.
Expedia Group, Inc.
BCD Travel
TUI AG
ATG Travel
Kesari Tours Pvt. Ltd.
Carlson Wagonlit Travel
Martin Randall Travel Ltd.
Travel Leaders Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Cultural Heritage
Natural Heritage
Intangible Heritage
By End-user:
30 & Under
31 to 50
51 to 70
71 and Above
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By Booking Channel:
Online
Offline
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report covers several key questions related to the global Heritage Tourism market, including:
- What can be expected for the Heritage Tourism market in the next decade?
- What are the primary drivers of growth in the global Heritage Tourism market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Heritage Tourism market vary based on the size of the end market?
- What is the breakdown of Heritage Tourism by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Heritage Tourism market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Heritage Tourism Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Heritage Tourism Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Heritage Tourism Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Heritage Tourism Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Heritage Tourism Market.
Our Heritage Tourism Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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