Dallas, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) -- A key factor increasing growth of the global cultural touring market is rising customer interest in exploring animals, coral reefs, and unspoiled natural areas. In addition to other factors, a greater focus on sustainability and an increase in research and development activities are driving the cultural touring industry. Millions of travelers surround the booming this industry. These travelers are fearless and eager to broaden their horizons. A large number of travelers who want to try something new and fulfill their insatiable demand for knowledge flock to the cultural touring section of the tourism industry is also expanding the market.
The global cultural touring market size is projected to grow USD 11901.02 million by 2028, from USD 4580.01 million, at a CAGR of 14.09% during the prediction period.
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In search of knowledge about a new location and to broaden their horizons, millions of tourists travel the expanding cultural touring industry. A sizable influx of travelers seeking to set off on a discovery journey is welcomed by the cultural touring industry. The possibility that cultural touring provides for travelers who are eager to learn more about any location in the world is what spurs its growing popularity. A significant portion of the cultural touring industry's overall growth is attributed to cultural travel. The numerous promotional initiatives taken by various countries to support dimming cultures are also very beneficial to the cultural touring industry. Ample material for the growth of cultural travel is also provided by the rise of a new generation of wealthy and educated tourists. The core goal of cultural touring is to become familiar with, venture into, engage with, and consume both material and intangible cultural attractions and goods in a location.
Report coverage & details:
| Report Coverage | Details |
| Historic Data | 2019-2020 |
| Study Period: | 2019-2028 |
| CAGR | CAGR of 14.9% during 2021-2028 |
| Segment Covered | By Type, By End- User, By Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Splitrock Environmental, Exodus Travels Ltd., Indigenous Tourism BC, Nature Quest NewZealand Ltd., Martin Randall Travel Ltd., Odyssey World, Envoy Tours, Classic Journeys, ACE Cultural Tours, Responsible Travel |
Since it effectively preserves some outmoded cultures throughout the world and is a proper approach to conserve others that are at risk of extinction, cultural touring has been rising in favor in various culturally rich nations for a number of years. Several governments actively promote dwindling cultures by supporting cultural travel with a variety of promotions. The cultural touring market is also receiving plenty of support from the rise of a new generation of well-off, educated, and senior travelers.
Domestic cultural touring segment would experience the highest market share growth in the cultural touring industry throughout the projection period. More than 60% of all visitors to the market come from domestic cultural touring. Domestic cultural touring is expanding as a result of simple government rules, no currency exchange rates, and a familiarity with the local way of life. Likewise, domestic cultural touring is economical. Domestic tourism is expanding in nations like India thanks to government assistance and regional marketing.
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North America currently dominates the cultural touring market and will keep up this pattern of dominance during the anticipated term as a result of the market's growing emphasis on sustainability and the region's expanded research and development activities. Asia-Pacific will see the highest CAGR during the projected period due to rising millennial traveler numbers, rising disposable income, and accelerating infrastructure growth.
Table of Contents:
1. A brief description
2. Research Methodology
3. Market Outlook
4. The Market by Service Outlook, 2019-2029 (USD Billion)
4.1. Vendor Control
4.2. Governance
5. The Market by Type, 2019-2029 (USD Billion)
5.1. International
5.2. Domestic
6. The Cultural Touring Market by Application, 2019-2029 (USD Billion)
6.1 Vacation
6.2 Self-actualization
7. The study of the market by End-Users, 2019-2029 (USD Billion)
7.1 Socio-cultural tourism
7.2. Cultural eco-tourism
7.3. Indigenous tourism
8. Special Segments
9. The Cultural Touring Market by Region, 2019-2029 (USD Billion)
9.1. North America
9.1.1. the US
9.1.2. Canada
9.2. Europe
9.2.1. the UK
9.2.2. Germany
9.2.3. France
9.3. Asia Pacific
9.3.1. China
9.3.2. Japan
9.3.3. India
9.4. South America
9.4.1. Brazil
9.4.2. Mexico
10. Competitive Landscape
11. Company Profiles
12. Appendix
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