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Leisure Travel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 145 pages | ID: L8229CECE089EN
IMARC Group

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The global leisure travel market size reached US$ 804.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,330.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.11% during 2023-2028.

Leisure travel refers to casual trips that are planned for recreation, entertainment, relaxation, and personal enjoyment by an individual or a group of individuals. The trips assist individuals in relaxing and unwinding as they involve exploring various cultures across the globe with an enhanced focus on providing an enjoyable experience. Several industries are well-established in the leisure travel ecosystem, including logistics, accommodations, food, retail, recreation, and other tourism services. By bringing people together, supporting communities, and boosting the economy of a country, leisure travel contributes to the creation of new experiences. Recreational activities are included specifically in these journeys to enhance the physical, mental, and emotional well-being of individuals. As a result, these travels play a vital role in relieving stress from the body and mind while enriching the cultural knowledge of the masses.

Leisure Travel Market Trends:
The market is majorly driven by a paradigm shift in the spending patterns of consumers. This can be attributed to a considerable rise in the number of global outbound tourists. In addition to this, the improved lifestyle standards of the masses are providing an impetus to the market. Moreover, the rapid integration of big data analytics, the internet of things (IoT), and artificial intelligence (AI) in the tourism industry is also propelling the market. Apart from this, the rising trend of eco-friendly tourism, space tourism and wellness tourism are creating lucrative growth opportunities for the market. With the growing penetration of social media among millennials, leisure travel has become a sign of social status, thereby resulting in higher investment in leisure travel activities. Some of the other factors contributing to the market include the easy availability of low-cost airlines, favorable government initiatives, the increasing awareness on unique destinations among tourists, and the widespread awareness regarding easy online booking services.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global leisure travel market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on traveler type, age group, expenditure type and sales channel.

Breakup by Traveler Type:

Solo
Group

Breakup by Age Group:

Baby Boomers
Generation X
Millennial
Generation Z

Breakup by Expenditure Type:

Lodging
Transportation
Food and Beverage
Events and Entertainment
Others

Breakup by Sales Channel:

Conventional Channel
Online Channel

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Express Company, Cox & Kings Ltd., Direct Travel Inc., Flight Centre Travel Group Limited, Hays Travel Limited, JTB Americas Ltd. (JTB Corporation), MakeMyTrip Pvt. Ltd., Tripadvisor Inc., Trivago N.V., TUI Group and World Travel Inc.

Key Questions Answered in This Report

1. What was the size of the global leisure travel market in 2022?
2. What is the expected growth rate of the global leisure travel market during 2023-2028?
3. What are the key factors driving the global leisure travel market?
4. What has been the impact of COVID-19 on the global leisure travel market?
5. What is the breakup of the global leisure travel market based on the traveler type?
6. What is the breakup of the global leisure travel market based on the expenditure type?
7. What is the breakup of the global leisure travel market based on the sales channel?
8. What are the key regions in the global leisure travel market?
9. Who are the key players/companies in the global leisure travel market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL LEISURE TRAVEL MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TRAVELER TYPE

6.1 Solo
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Group
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY AGE GROUP

7.1 Baby Boomers
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Generation X
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Millennial
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Generation Z
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY EXPENDITURE TYPE

8.1 Lodging
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Transportation
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Food and Beverage
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Events and Entertainment
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY SALES CHANNEL

9.1 Conventional Channel
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Online Channel
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 American Express Company
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 Cox & Kings Ltd.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Direct Travel Inc.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Flight Centre Travel Group Limited
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
  15.3.5 Hays Travel Limited
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 JTB Americas Ltd. (JTB Corporation)
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 MakeMyTrip Pvt. Ltd.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
  15.3.8 Tripadvisor Inc.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
  15.3.9 Trivago N.V.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
  15.3.10 TUI Group
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11 World Travel Inc.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Leisure Travel Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Leisure Travel Market Forecast: Breakup by Traveler Type (in Million US$), 2023-2028
Table 3: Global: Leisure Travel Market Forecast: Breakup by Age Group (in Million US$), 2023-2028
Table 4: Global: Leisure Travel Market Forecast: Breakup by Expenditure Type (in Million US$), 2023-2028
Table 5: Global: Leisure Travel Market Forecast: Breakup by Sales Channel (in Million US$), 2023-2028
Table 6: Global: Leisure Travel Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Leisure Travel Market: Competitive Structure
Table 8: Global: Leisure Travel Market: Key Players

LIST OF FIGURES

Figure 1: Global: Leisure Travel Market: Major Drivers and Challenges
Figure 2: Global: Leisure Travel Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Leisure Travel Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Leisure Travel Market: Breakup by Traveler Type (in %), 2022
Figure 5: Global: Leisure Travel Market: Breakup by Age Group (in %), 2022
Figure 6: Global: Leisure Travel Market: Breakup by Expenditure Type (in %), 2022
Figure 7: Global: Leisure Travel Market: Breakup by Sales Channel (in %), 2022
Figure 8: Global: Leisure Travel Market: Breakup by Region (in %), 2022
Figure 9: Global: Leisure Travel (Solo) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Leisure Travel (Solo) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Leisure Travel (Group) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Leisure Travel (Group) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Leisure Travel (Baby Boomers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Leisure Travel (Baby Boomers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Leisure Travel (Generation X) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Leisure Travel (Generation X) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Leisure Travel (Millennial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Leisure Travel (Millennial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Leisure Travel (Generation Z) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Leisure Travel (Generation Z) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Leisure Travel (Lodging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Leisure Travel (Lodging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Leisure Travel (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Leisure Travel (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Leisure Travel (Food and Beverage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Leisure Travel (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Leisure Travel (Events and Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Leisure Travel (Events and Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Leisure Travel (Other Expenditure Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Leisure Travel (Other Expenditure Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Leisure Travel (Conventional Channel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Leisure Travel (Conventional Channel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Leisure Travel (Online Channel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Leisure Travel (Online Channel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: North America: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: United States: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: United States: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Canada: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Canada: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Asia-Pacific: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Asia-Pacific: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: China: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: China: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Japan: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Japan: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: India: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: India: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: South Korea: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: South Korea: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Australia: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Australia: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Indonesia: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Indonesia: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Others: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Others: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Europe: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Europe: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Germany: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Germany: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: France: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: France: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: United Kingdom: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: United Kingdom: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Italy: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Italy: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Spain: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Spain: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Russia: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Russia: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Latin America: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Latin America: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Brazil: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Brazil: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Mexico: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Mexico: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Middle East and Africa: Leisure Travel Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Middle East and Africa: Leisure Travel Market: Breakup by Country (in %), 2022
Figure 83: Middle East and Africa: Leisure Travel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Global: Leisure Travel Industry: SWOT Analysis
Figure 85: Global: Leisure Travel Industry: Value Chain Analysis
Figure 86: Global: Leisure Travel Industry: Porter's Five Forces Analysis


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