The bleisure tourism industry is expected to reach US$ 594.51 billion by 2023. The market worth is expected to reach US$ 3,530.53 billion by 2033, owing to an astounding 19.5% compound annual growth rate in demand.
The expansion of flexible work arrangements, which enable workers to work from any location, is one of the primary drivers. As a result, many workers are utilizing this chance to combine work-related travel with leisure pursuits, developing a new market for bleisure tourism.
Despite having tremendous growth opportunities, the bleisure tourism sector confronts several difficulties. Catering to the different demands of bleisure travelers with varying preferences for work and leisure activities is one of the main challenges.
Request a Sample Copy of the Report Now:
https://www.futuremarketinsights.com/reports/sample/rep-gb-14512
Service providers need to offer customized interactions that change based on consumer choices. Making sure that leisure travelers have a flawless journey is another difficulty. To deliver a hassle-free travel experience, service providers including airlines, hotels, and transportation companies must collaborate.
For companies and individuals considering investing in the tourism sector, the leisure industry offers a wide range of investment options. The possibility to invest in housing, transportation, and other services that cater to leisure travelers has been made possible by the rising demand for this kind of travel.
Companies that can meet the needs of bleisure travelers by providing innovative and unique experiences are anticipated to experience significant growth in the coming years.
To suit the shifting needs of customers, the leisure tourism sector is continually altering and implementing new trends. The idea of “workations,” which mixes work and vacation into one package, is one of the new fads.
Discover our comprehensive insights – Request the full report methodology now:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14512
Workations frequently come with lodging, an office, and access to extracurricular activities. With bleisure travelers giving weight to businesses that provide eco-friendly and ethical travel experiences, the sector is also witnessing an increase in ethical and sustainable travel practices.
Key Takeaways from the Bleisure Tourism Market:
- The United States is projected to dominate North America bleisure tourism industry due to low-cost airlines and increasing preference for comfortable work environments while traveling.
- Germany has a notable share of Europe’s bleisure tourism industry, and the prevalence of business travel culture in Germany is likely to continue driving the bleisure market over the forecast period.
- India is expected to dominate South Asia bleisure tourism industry owing to increasing investments in the tourism sector and the expansion of international business organizations.
- The corporate segment is likely to continue gaining traction due to the growing focus on employee retention and frequent business travel across multiple countries.
- Online booking channels, including various online travel agencies, are anticipated to account for a significant share of the market.
- The domestic trip segment is projected to account for a prominent share of the market due to various government initiatives for the development of conference halls and the growth of the travel and tourism sector.
- The Independent traveler’s segment is forecasted to account for a dominant share of the market as consumers are preferring to travel solo.
- Sales in the technology/IT/software segment are projected to increase at a steady pace, followed by the manufacturing segment.
- Once every 2-3 months segment is likely to lead the market in the forecast period in terms of travel frequency.
- Sales in the 2 nights segment are expected to hold a lion’s share of the market as travelers are likely to extend their trips by one or two days, particularly if they are visiting a new destination.
Key Players:
- Inc
- American Express Travel
- Expedia Inc.
- BCD Travel
- Carlson Wagonlit Travel
- Flight Centre Travel Group
- The Priceline Group
- Fareportal, Inc. (traveling inc.)
- Wexas Travel
- Travel Leaders
- The Global Work & Travel Co.
- JTB Business Travel
- Prime Travels United States
- GUNA Travel Germany
- DER Touristik
- CITS (China Business Travel & Fairs)
- China Tour Guide
- Tuniu Corporation
- FROSCH Travel
- CT Business Travel
Key Developments in the Bleisure Tourism Market:
- In 2020, Marriott International launched its Work Anywhere program, which targets remote workers and allows them to work from hotels and resorts around the world. The program offers a change of scenery for those looking to combine work and leisure travel.
- In 2019, Airbnb launched a new platform called Airbnb for Work, which offers business travel accommodations and experiences. The platform includes features such as expensing tools and the ability for companies to manage employee travel.
- In 2021, Hilton launched its WorkSpaces program, which offers daytime access to hotel rooms for remote workers. The program allows travelers to work remotely during the day and enjoy the hotel’s amenities during their leisure time.
Global Bleisure Tourism Market By Category
By Application:
- Corporate
- Government
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
By Trip Type:
- Domestic Trip
- International Trip
By Tour Type:
- Independent Traveler
- Business Trips
- Group Business Trips
By Consumer Orientation:
- Men
- Women
By Occupation:
- Technology/IT/Software
- Manufacturing
- Finance
- Healthcare
- Education
By Travel Frequency:
- Once a week
- Once or twice a month
- Once every 4-6 months
- 3+ times a month
- Once every 2-3 months
- Once a year
- Less than once a year
By Trip Length:
- 1 Night
- 2 Nights
- 3 Nights
- 4 + Nights
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
