The global demand for Domestic Tourism Market is presumed to reach the market size of nearly USD 6784.43 BN by 2030 from USD 1673.54 BN in 2022 with a CAGR of 19.12% under the study period 2023 - 2030.
Domestic tourism refers to travel within one's own country for leisure, recreation, or business purposes. This includes any travel activity that does not involve crossing international borders, whether it is a day trip to a nearby attraction or a longer vacation within one's home country. Domestic tourism can include a wide variety of activities, such as visiting national parks, cultural landmarks, historical sites, beaches, cities, and other popular tourist destinations. It can also involve participating in local events and festivals, exploring the natural beauty of one's own country, or simply relaxing and enjoying a change of scenery. Domestic tourism is an important sector of the tourism industry, as it contributes to the local economy and helps to support small businesses and tourism-related industries.
Domestic tourism provides significant economic benefits to the local economy. It supports local businesses such as hotels, restaurants, transportation services, and tourist attractions, creating jobs and generating revenue. Domestic travel is often more convenient and affordable than international travel, as it typically involves shorter travel distances, lower transportation costs, and familiar currency and language. Domestic tourism is often perceived as safer and more secure than international travel, as travellers are familiar with local laws and customs and can rely on local infrastructure and emergency services. Domestic tourism can also foster national pride and a sense of community by encouraging locals to explore and appreciate the natural and cultural heritage of their own country. In times of global crisis or pandemic, international travel restrictions can drive travellers to domestic tourism as a safer and more viable option. Effective marketing and promotion of domestic tourism by governments, tourism boards, and private sector companies can also drive demand for domestic travel, encouraging locals to explore their own country.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of domestic tourism. The growth and trends of domestic tourism industry provide a holistic approach to this study.
This section of the domestic tourism market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Tour Type
- Weekend Getaways
- Others (Business, Organized Tours)
By Tourism Type
- Local Travel
- Interstate Travel
By Mode Of Booking
This section covers the regional outlook, which accentuates current and future demand for the Domestic Tourism market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Domestic Tourism Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the domestic tourism market include Abercrombie & Kent USA LLC, Expedia Group, Cox and Kings Ltd., Kensington Tours, Micato Safari, Scott Dunn Ltd., Tauck Inc., Thomas Cook India Ltd., La Vacanza Travel, Butterfield & Robinson. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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