Europe accounted for nearly 41.7% share of the SAVE tourism market.
PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220U, UNITED STATE, May 23, 2023 /EINPresswire.com/ — According to a new report published by Allied Market Research titled, “SAVE Tourism Market by Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global SAVE tourism market size was valued at $69.5 Billion in 2018, and is projected to reach $106.9 Billion by 2026, growing at a CAGR of 5.8% from 2019 to 2026. In 2018, Europe accounted for nearly 41.7% share of the SAVE tourism market.
Key Findings of the SAVE Tourism Market :
In 2018, based on type, the academic tours segment accounted for around 35.1% SAVE tourism market share, growing at a CAGR of 6.2% from 2019 to 2026
In 2018, based on sales channel, the online segment accounted for 10.0% share of the SAVE tourism market is expected to grow at the highest CAGR of 11.6% during SAVE tourism market forecast
based on region, Asia-Pacific accounted for a prominent SAVE tourism market share and is anticipated to grow at a CAGR of 8.5% throughout the SAVE tourism market analysis period In 2018
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The key players profiled for SAVE tourism industry include :-
ATTITUDE HOSPITALITY LTD (AHL)
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
Fair Trade Tourism
The travel foundation
CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pocket
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitution
3.3.4. Threat of new entrants
3.3.5. Intensity of competitive rivalry
3.5. Market dynamics
220.127.116.11. Burgeoning interest of travelers to interact with culture, nature and local people
18.104.22.168. Continuous growth of international travel
22.214.171.124. Formation of SAVE Travel Alliance
126.96.36.199. Different rules and regulations related to visa
188.8.131.52. Entrance of commercialization in SAVE tourism
184.108.40.206. Contribution to sustainable tourism
220.127.116.11. Benefits to developing/underdeveloped countries
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The growth in value sales for such products is attributable to the surge in demand for education and exploration of geographical horizons, which facilitate easy life for its target customers. Some SAVE tours that attracts the customers include Agro-cooking, educational, scientific expeditions, volunteering for a cause, and academic visits. SAVE tourism is an innovative entry in the tourism market and offers different types of tours providing different purposes. These tours thus witness higher rate of demand among the science studying customers, and visiting faculties of academic institutes who desire to explore new regions all the time.
The SAVE tourism industry has been evolving in terms of its demand and purpose of tours. Travel agencies focus on places where volunteers are needed and organize tours especially for the volunteers. For instance, in the case of natural calamities travel agencies organizes tours for volunteers to take them to the calamity hit places and help the people. Some agencies organize special tours targeting the scientific expedition in the rarely explored areas such as Antarctica glaciers and remote places like Amazon forests.
The SAVE tourism market has witnessed higher adoption from travelers in North America as well as Europe. However, there is lack of awareness of this concept in some of the major parts of Asia-Pacific as well as LAMEA, which is attributable to some of the low performing macro-economic factors. Thus, lack of awareness of such tours results in lower value share in the global SAVE tourism market. This in turn limits the SAVE tourism market growth.
FREQUENTLY ASKED QUESTIONS?
Q1. What would be forecast period in the market report?
Q2. What is the market value of SAVE Tourism market in 2019?
Q3. Does the SAVE Tourism company is profiled in the report?
Q4. Which are the top companies hold the market share in SAVE Tourism market?
Q5. How the segments growing in SAVE Tourism market report?
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