Lake Vacations Market to a Striking US$ 245.0 Million, Anticipating a Steady 12% CAGR in the Travel and Tourism Landscape by 2032 | FMI

The lake vacations market is anticipated at US$ 205.05 Million in 2022 and is projected to reach US$ 245.0 Million by 2032, at a CAGR of 12% from 2022 to 2032.

Global nature fund (GNF), the Senate Administration for Justice in Berlin has registered GNF, a non-profit, private, autonomous international foundation for the preservation of the environment and nature. The development of Lake Tourism is supported by the tourism and leisure sectors. It promotes social development and job creation within the region. It keeps millions of jobs in the hotel industry alive.

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Key Takeaways:

  • The North America and Asia Pacific regions hold a market share of ~29% and ~26% respectively.
  • The Covid-19 pandemic had a 0.55% impact on the value of the Lake Vacation Market.
  • Online booking channels lead the charts in Lake tourism market booking channel segmentation.
  • S, Australia, UK, Italy are some of the most popular destinations for Lake Vacation Market.
  • Promoting domestic tourism and supporting safe returns of international tourism.
  • The U.S. is home to hundreds of remarkable lakes both big and small.

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Who is winning?

Hotels close to lakes also provide calming massages, yoga, tai chi, and meditation. Every year, thousands of tourists take advantage of the numerous amenities offered by lake hotels, which supports a booming global lake vacation sector and keeps hotels competitive by providing all-inclusive packages and sparing travellers the bother of navigating several channels for their trips. Investments and government initiatives are stimulating the market and assisting businesses in providing better services.

Key Players

  • TourTravelWorld.Com
  • Central Holidays
  • EnLive Trips
  • Hello Travel
  • Eastmytrip.com
  • Expedia, Inc.
  • Viha Vacations.com
  • Tripnetra

The Lake Vacations Market by Category

By Accommodation Type:

  • Hotels
  • Home
  • Apartments
  • Resorts/ Condominium, others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveller
  • Package Traveller
  • Tour Group

By Consumer Orientation:

  • Men
  • Women

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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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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