The global demand for Heritage Tourism Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Heritage tourism is a term used to define the visits to different places to explore the history, nature, cultural resources, or heritage. Heritage tourists generally visit historic buildings, archaeological sites; parks; art galleries or museums; concerts, plays or musicals; ecological heritage sites, old canals, railways, battlegrounds, military sites. It can be a means of pleasant escapism, a quest for knowledge, or a complex matrix of many social, cultural, or leisure-oriented motivations. Heritage tourism can benefit the local community by offering direct or indirect economic benefits, local employment as tour guides, receptionists, cookers, planners, etc.
The increased adoption of tourism of different kinds to get away from the working class's routine lifestyle is the main trending factor for this market's growth. High disposable income and growing affordability will benefit the development of the heritage tourism sector. This form of tourism, seen as a blend of education, entertainment, preservation, and profit, will boost market growth. Increased local investments in the maintenance and conservation of heritage sites, local customs, culture, and traditions will further propel market growth. Promotions from several government agencies and private organizations to support tourism will favor this market. The several economic benefits offered by the tourists to the local community will be a market booster. The various restraints affecting this market are the high impact of terrorism, threats from natural disasters, and the growing popularity of adventure tourism.
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 heritage tourism. The growth and trends of heritage tourism industry provide a holistic approach to this study.
This section of the heritage 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 Applications Type
- Very Motivated
- Partially Motivated
- Not Motivated
- Below 20 Years
- 20-30 Years
- 30-40 Years
- 40-50 Years
- Above 50 Years
This section covers the regional outlook, which accentuates current and future demand for the Heritage 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 Heritage 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 heritage tourism market include Expedia Group, Priceline Group, China Travel, China CYTS Tours Holding, American Express Global Business Travel, Carlson Wagonlit Travel, BCD Travel, HRG North America, Travel Leaders Group, Fareportal/Travelong, AAA Travel. 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.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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