Global Educational Tourism Market Report 2023: Sector is Expected to Reach $974.7 Billion by 2030 at a CAGR of 13%


Dublin, June 06, 2023 (GLOBE NEWSWIRE) -- The "Educational Tourism Market Size, Share & Trends Analysis Report By Age Group, By Education Type (College, Post-Graduation), By Occupation, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global educational tourism market size is expected to reach USD 974.7 billion by 2030 and is expected to expand at 13.0% CAGR from 2023 to 2030.

Companies Mentioned

  • World Expeditions Travel Group Pty Ltd
  • ACE CULTURAL TOURS
  • Atlantis Erudition & Travel Services
  • Kesari Tours Pvt. Ltd.
  • ATG Travel
  • Global Educational Travel
  • Educational Tours, Inc.
  • AAI EDUTOURZ
  • EF Education First
  • Capital Tours, Inc.

Rising connectivity among nations with international trade, accessibility, affordable transportation, and growing government marketing initiatives for educational and cultural hubs are some major factors driving the market growth.

The U.S., India, the U.K., Turkey, Italy, and Greece are some of the top places for educational tours around the world. These destinations are laden with places such as the globe theatre, the colosseum, and the Sistine Chapel. Visiting such places is an invaluable opportunity for learning firsthand. It broadens the perspectives of travelers and is a step ahead in nurturing a new generation of global citizens.

Flexible visa laws for tourists also encourage educational tourism amongst travelers. After the alterations, tourist visas for UAE now allow travelers to legally stay in the county for 60 days, as opposed to the previous 30 days. Such laws allow travelers to stay at a place and soak in the culture, legacy, and heritage of a place first-hand. For students, it is a great way to absorb and grasp theory in practice. Such trips embed a fine balance between a break and a meaningful education.

Players competing in the market offer a diverse set of services to cater to a large consumer base. Such trips are a blend of attractions including historical places, shopping malls, and factories; offering a blend of practical and theoretical education. A rise in the disposable income of people globally is another factor propelling educational tourism. With a rise in the standard of living, there is a growing demand for authentic travel experiences.

A major chunk of travelers chooses to travel for educational pursuits. Students across the world travel to various locations for their college as well as post-graduation degrees. Places such as the U.K., the U.S., Canada, Japan, Ireland, and Turkey, are popular hubs for esteemed colleges and universities. India and China are the top nations with a large population of students flying out for global education.

Flexible immigration laws coupled with diversifying cultures of such countries encourage more students to opt for these places. Group of government officials and teachers also undertake educational tourism for research purposes, as well as for assignments, seminars, and lectures.

Educational Tourism Market Report Highlights

  • The 16-25 years of age group held a significant market share in 2022, owing to a rise in the trend of educational tours in private as well as government schools
  • The increasing lure of an international job, learning a new language, study in an esteemed university is propelling travelers to opt for educational tourism for college purposes
  • The prospects of better career opportunities, acquiring new skills, experiencing different cultures, and gaining independence are pushing the student segment toward educational tourism
  • Consumers in the Asia Pacific region are continuously opting for educational tourism. Parental influence, effective marketing strategies of universities, availability of popular options around the world, and demand for better education are key factors

Key Attributes:

Report AttributeDetails
No. of Pages85
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$409.6 Billion
Forecasted Market Value (USD) by 2030$974.7 Billion
Compound Annual Growth Rate13.0%
Regions CoveredGlobal

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Educational Tourism Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Educational Tourism Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter's Five Forces
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of the Educational Tourism Market
3.8. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations

Chapter 5. Educational Tourism Market: Age Group Estimates & Trend Analysis
5.1. Age Group Movement Analysis & Market Share, 2022 & 2030
5.2. Less than 15 years
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
5.3. 16-25 years
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
5.4. 26-40 years
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
5.5. 41-55 years
5.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)

Chapter 6. Educational Tourism Market: Education Type Estimates & Trend Analysis
6.1. Education Type Movement Analysis & Market Share, 2022 & 2030
6.2. Primary
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.3. Secondary
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.4. College
6.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.5. Post-Graduation
6.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)

Chapter 7. Educational Tourism Market: Occupation Estimates & Trend Analysis
7.1. Occupation Movement Analysis & Market Share, 2022 & 2030
7.2. Students
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.3. Teachers
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.4. Government Officials
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.5. Corporation Managers
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.6. Enterprise Owners
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.7. Workers
7.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.8. Others
7.8.1. Market estimates and forecast, 2017 - 2030 (USD Billion)

Chapter 8. Educational Tourism Market: Regional Estimates & Trend Analysis

Chapter 9. Competitive Analysis
9.1. Key global players, recent developments & their impact on the industry
9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
9.3. Vendor Landscape
9.3.1. Key company market share analysis, 2022

Chapter 10. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/ken9ci

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Global Educational Tourism Market

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