The social tourism market is estimated to reach US$ 54.79 Billion in 2022. As per the report, sales are forecast to increase at a robust 3.88% CAGR, with the market valuation reaching US$ 79.8 Billion by 2032.
Social tourism refers to tourism organised for people with modest income and the travellers who cannot afford to travel on their own. Social tourism is done for various social purposes which intend to uplift the emotional and mental state of certain community. Lately, Governments of several countries are taking active interest in social tourism and are coming up with new initiatives to uplift the sector in their particular regions.
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Due to international travel limitations, health concerns, and financial difficulty, many locations will enjoy a domestic tourism boom when limits start to loosen in some regions of the world. Despite the short-term rise, domestic tourism will face difficulties once the pandemic’s impacts start to fade because many visitors would want to travel abroad once more.
People from disadvantaged or vulnerable groups are given the chance to take benefit of tourism through social tourism, which offers a long-term sustainable solution. Resulting in long-term social advantages for society at large and stable revenue streams for domestic service providers.
Key Takeaways:
- By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~65%.
- Based on packages, Social tourists will continue to opt for group tour deals over the normal travel deals.
- In terms of age group, 36-45 years and 46-55 years will be the major participants of Social Tourism.
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Key manufacturing Companies
- Eurostar
- SNCF
- Deutsch Bahn
- FlixTrain
- Trenitalia
- Renfe
- Intrepid
- Explore Tours
- Exodus Travels
- G. adventures
- On-the-go Tours
- Maharashtra Tourism
Social Tourism Market by Category
By Tour Type, Social Tourism Market is segmented as:
- Socio-educational tours
- Socio-cultural tours
- Socio-recreational tours
- Socio-adventure tours
- Others
By Booking Channel, Social Tourism Market is segmented as:
- Phone Booking
- Online Booking
- In Person Booking
By Tourist Type, Social Tourism Market is segmented as:
- Domestic
- International
By Tour Type, Social Tourism Market is segmented as:
- Independent Traveler
- Tour Group
- Package Traveller
By Age Group, Social Tourism Market is segmented as:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 56-65 Years
- 66-75 Years
By Region, Social Tourism Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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