As per a recent market analysis by Future Market Insights (FMI), Eastern European affordable resorts market is poised to reach a valuation of US$ 335.1 Million in 2022. Sales are projected to increase at a 14% CAGR, with the market size reaching US$ 1291.3 Million by 2032.
Tourists travel most frequently to Europe, which also has the biggest global tourism market. Europe is home to a wide range of cultures, historical monuments, breathtaking scenery, and delectable cuisine. Locals all over the continent also promote a welcoming environment. While Western Europe—which includes nations like France, Spain, Italy, etc.—captures the majority of interest, Eastern Europe has begun to draw attention from travelers looking for a cheap trip as well as those who want to discover new parts of Europe by travelling less-traveled routes. A significant increase in the number of travelers has been observed in some of Eastern Europe’s well-known regions, including Hungary, Slovakia, Serbia, Czech Republic and Romania.
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The tour providers and resorts are offering exciting travel packages to attract more and more number of travelers. These packages include extra activities such as skiing which considerably expensive Western Europe by virtue of which there is a tremendous amount of tourists who have started opting for eastern European regions for their vacations. This trend is expected to continue and grow in coming years, while simultaneously boosting the Eastern European Affordable Resorts Market.
“Travellers wanting to enjoy the European Destinations at lower and affordable cost will prove to be beneficial for the growth of the Affordable Resorts Market in Eastern“Says an FMI analyst.
Key Takeaways:
- Based on destinations, Prague is predicted to account for a dominant share of Travelers in the market through 2032.
- By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~80%.
- In terms of age group, demand in the youngsters in the age group 26-35 years will continue gaining traction through 2032.
- Based on packages, Eastern European Affordable Resorts travelers will continue to opt tour group deals over the normal travel deals.
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Key Players
- Accor
- Best Western
- Intercontinental Hotels & Resorts
- Groupe Du Louvre
- Carlson Rezidor Hotel Group
- NH Hotels
- Atrium Palace
- Concorde Deluxe Resort
- Village Heights Resort
- Seven Seas Hotel
- Michelangelo Resort
- Aurora Resort
Eastern Europe Affordable Resorts Market by Category
By Destinations Type:
- Czech Republic
- Hungary
- Slovakia
- Serbia
- Romania
- Others
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
By Tourist Type:
- Domestic
- International
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 56-65 Years
- 66-75 Years
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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