Cultural Tourism Market Size to Grow by USD 3.76 Bn, ACE Cultural Tours and Classic Journeys Among Key Vendors

NEW YORK, July 27, 2022 /PRNewswire/ — The “Cultural Tourism Market by Type (Domestic cultural tourism and International cultural tourism), End-user (Cultural eco-tourism, Indigenous cultural tourism, and Socio-cultural tourism), and Geography (EuropeAPAC, North AmericaMEA, South America, EuropeAPAC, North AmericaMEA, and South America) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. The potential growth difference for the cultural tourism market between 2020 and 2025 is USD 3.76 bn. In addition, the growth momentum of the market will accelerate at a CAGR of 16.41% during the forecast period.

Technavio has announced its latest market research report titled Cultural Tourism Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

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Key Market Dynamics:

Find out how the above driver and challenge will impact the future of the cultural tourism market. View our Sample Report

Market Segmentation

The cultural tourism market has been segmented by type (domestic cultural tourism and international cultural tourism), end-user (cultural eco-tourism, indigenous cultural tourism, and socio-cultural tourism), and geography (EuropeAPAC, North AmericaMEA, and South America).

By type, the domestic cultural tourism segment will contribute the highest market share growth among all segments during the forecast period. Domestic cultural tourism accounts for more than 60% of the overall arrivals in the market. The growth of domestic cultural tourism is driven by easy government regulations, no currency exchange rates, and familiarity with the culture and language. Moreover, domestic cultural tourism is cost-effective. In countries such as India, domestic tourism is growing with the help of local campaigns and government support. The share of this segment is likely to continue to dominate the market during the forecast period.

urban geography, Europe will account for the highest market share growth during the forecast period. Italy duck Germany are the key countries in the market in Europe.

Learn about the contribution of each segment of the cultural tourism market, summarized in concise infographics and thorough descriptions. View our Sample Report

Vendor Analysis

The cultural tourism market is fragmented, and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

The cultural tourism market growth has several players, including ACE Cultural Tours, Classic Journeys, Envoy Tours, Exodus Travels Ltd., Indigenous Tourism BC, Kudu Travel Ltd., Martin Randall Travel Ltd., Nature Quest New Zealand Ltd., Odyssey World, Responsible Travel, and Splitrock Environmental among others. The key offerings of some of these vendors are listed below:

  • ACE Cultural Tours – The company offers cultural tourism such as nature tours, study tours, and art tours.

  • Classic Journeys – The company offers cultural tourism such as culture and walking tours, culinary tours, and multisport adventure tours.

  • Envoy Tours – The company offers cultural tourism such as study and adventure tours.

  • Indigenous Tourism BC – The company offers cultural tourism such as art and study tours.

  • Kudu Travel Ltd. – The company offers cultural tourism such as art and wildlife tours.

This report provides a full list of key vendors, their strategies, and the latest developments in the cultural tourism market. Request a Sample Report Now

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Cultural Tourism Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 16.41%

Market growth 2021-2025

USD 3.76 trillion

Market structure

Fragmented

YoY growth (%)

4.58

Regional analysis

Europe, APAC, North America, MEA, South America, Europe, APAC, North America, MEA, and South America

Performing market contribution

Europe at 37%

Key consumer countries

Italy, China, US, Germany, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ACE Cultural Tours, Classic Journeys, Envoy Tours, Exodus Travels Ltd., Indigenous Tourism BC, Kudu Travel Ltd., Martin Randall Travel Ltd., Nature Quest New Zealand Ltd., Odyssey World, Responsible Travel, and Splitrock Environmental

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Type

6 Market Segmentation by Category

7 Customer landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
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Media & Marketing Executive
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UK: +44 203 893 3200
Email:media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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