Social Tourism Market to Exceed US$ 79.8 Billion, Propelled by a 3.8% CAGR by 2032 | FMI

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

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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