According to estimates, the European rail tourism sector would grow to US$ 290.50 billion by 2022. Sales are expected to grow at a strong 5.06% CAGR, according to the analysis, and the market worth will reach US$ 475.5 billion by 2032.
European rail tourism is not doing well because of many factors. Main factors effecting the tourism sector are the post-Covid regulations around the world and fallen economy of most of the countries, from where tourists visit to European countries. The other being conflicts between Russia and Ukraine, indirectly affecting the tourism sector.
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Even in this scenario, European rail Travel Commission is trying to get the tourism sector going as it was before Covid. To promote and encouraging rail tourism in European countries, ETC and Eurail have launched a campaign, called Best European Rail Tourism Campaign.
These united efforts are aiming toward increase in number of travelers by railroads, ultimately reducing the carbon emission, also giving attention to the sustainable travelling and increasing awareness of lesser-known destinations around Europe.
“European committees are working together to promote rail travel among nations.” Says an FMI analyst.
Key Takeaways:
- Based on train tour type, Scenic Train Tours are popular among international as well as domestic travellers visiting European countries.
- By booking channel, the online booking is preferred by most travellers.
- In terms of age group, individuals from age group of 26-35 are most common travellers to go for train tours around Europe.
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Even though all these drawbacks, rail transport have higher advantage to start working efficiently, as there are different compartments and separated seats in train wagons, making it easier for keeping distance in between passengers in train. Numerous tourism businesses are establishing train trips in European nations while adhering to safety regulations, giving visitors a one-of-a-kind and never-before experience.
Major players present in the European rail tourism market
- Trafalgar
- G Adventures
- Globus
- Cosmos
- Wings Tour
- Explore!
- Great Rail Journeys
- Eurailing Packages
- Bamba
- Intro Travel
- Wanderlands Travel
- Georgian Holidays
- Kiwi Vibes
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Future Market Insights, In Its New Offering, provides an Unbiased Analysis of the Europe Rail Tourism Market, Presenting Historical Demand Data (2017-2021) And Forecast Statistics for The Period from 2022-2032.
The Study Divulges Compelling Insights On the Europe Rail Tourism Market Based On the Tourism Type (High-Speed Train, Long-Distance Train, Night Train, Local/Regional Train, Scenic Train, International Train), By Country (United Kingdom, Scotland, Switzerland, Austria, Russia, Spain, Venice, Sweden, others), Booking Channel (Phone Booking, Online Booking & In Person Booking) Tourist Type (Domestic & International), Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 66-75 Years) Across Europe.
Europe Rail Tourism Market By Category
By Train Tour Type:
- High-Speed Train
- Long-Distance Train
- Night Train
- Local/Regional Train
- Scenic Train
- International Train
By Country:
- United Kingdom
- Scotland
- Switzerland
- Austria
- Russia
- Spain
- Venice
- Sweden
- 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
- 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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