[Latest] Global Tourism Source Market Size/Share Worth USD

Austin, TX, USA, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Tourism Source Market Size, Trends and Insights By Booking Channel (Websites, Mobile Applications, Travel Agencies, Others), By Tourist Type (Solo, Group, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Tourism Source Market size & share was valued at approximately USD 615.2 Billion in 2022 and is expected to reach USD 652.3 Billion in 2023 and is expected to reach a value of around USD 986.5 Billion by 2032, at a compound annual growth rate (CAGR) of about 5.2% during the forecast period 2023 to 2032.”

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Tourist Source Market: Growth Factors and Dynamics

Economic Prosperity and Increased Disposable Income: The steady growth of global economies translates to improved disposable income for individuals, enabling a larger demographic to afford international travel experiences. Rising economic stability prompts people from various source markets to explore new destinations and engage in cross-border tourism, contributing to the overall expansion of the market.

Cultural Exchange and Authentic Experiences: The pursuit of cultural enrichment and authentic experiences is a powerful driver in the Tourist Source Market. Travelers from different source markets are drawn to destinations that offer unique cultural insights, enabling them to engage with local traditions, lifestyles, and heritage, thereby fostering mutual understanding and cross-cultural relationships.

Enhanced Connectivity and Travel Convenience: The evolution of air travel networks, technological advancements, and digital platforms has revolutionized the way people connect with distant places. Improved connectivity, along with seamless booking and information-sharing processes, makes international travel more accessible and convenient for individuals across source markets, amplifying the appeal of exploring different countries.

Rising Middle-Class Population: The emergence and expansion of the middle class in various developing countries significantly impact the Tourist Source Market. This demographic shift creates a substantial pool of potential tourists who possess the means and aspiration to explore international destinations, contributing to the steady growth of global tourism.

Globalization and Social Media Influence: The era of globalization, coupled with the pervasive influence of social media platforms, shapes tourists’ preferences. Modern travellers are inspired by shared experiences, influencer recommendations, and the desire to capture unique moments for their online networks, motivating them to visit offbeat destinations and contributing to the diversification of the source markets.

Business Activities and Corporate Engagements: The surge in international business activities, conferences, and trade events fosters a significant segment of corporate travellers. As professionals travel for work-related purposes, they often extend their trips for leisure, contributing to the Tourist Source Market. Business engagements drive tourism from source markets that actively participate in global trade and networking events.

Government Initiatives and Policies: Supportive government policies, visa relaxations, and tourism promotion campaigns play a pivotal role in driving tourism from various source markets. Proactive efforts by governments to attract international visitors by simplifying entry procedures and showcasing their countries’ attractions can significantly boost tourism from these source markets.

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Tourist Source Market: Partnership and Acquisitions

Travelport is joining forces with retailing pioneer Amazon Web Services (AWS) to power a simpler, smarter, and brighter future for the travel industry. By uniting expertise in travel tech, cloud tech, and hyper-personalized retailing, stepping up the pace of digital transformation. In collaboration with AWS, Travelport+ unlocks a world of potential for our customers.

Amadeus is a Spanish multinational technology company that provides IT solutions for the travel and tourism industry. It has a wide range of partnerships with airlines, hotels, car rental companies, and other travel providers. Amadeus partners with over 400 airlines, including American Airlines, British Airways, Delta Air Lines, and Lufthansa.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 652.3 Billion
Projected Market Size in 2032	USD 986.5 Billion
Market Size in 2022	USD 615.2 Billion
CAGR Growth Rate	5.2% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Booking Channel, Tourist Type and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Tourism Source report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Tourism Source report has been modified to include the COVID-19 impact study prior to delivery.)

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Tourist Source Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Tourism Source Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

Travel Restrictions and Lockdowns: The COVID-19 pandemic led to widespread travel restrictions, lockdowns, and border closures, severely limiting international travel and causing a sharp decline in tourism from source markets.

Health and Safety Concerns: Concerns about the virus’s transmission and the safety of travel led to decreased consumer confidence. Fear of infection, quarantine measures, and uncertainty about destination conditions resulted in reduced travel intentions.

Vaccination Campaigns: Widespread vaccination campaigns have played a pivotal role in restoring traveller confidence. Vaccinated travellers, especially from source markets with high vaccination rates, feel more comfortable resuming international travel.

Health Protocols and Safety Measures: The implementation of stringent health and safety protocols, including sanitization, distancing, and testing, has reassured travellers about their well-being during their journeys, gradually restoring trust in travel experiences.

Digital Transformation: The pandemic accelerated the adoption of digital tools for travel planning and booking. Online platforms, contactless solutions, and digital health passports streamline travel processes, enhancing convenience and reducing infection risks.

Domestic and Regional Tourism: As international travel faced challenges, many travellers turned to domestic and regional destinations. Governments and industry stakeholders promoted local tourism, helping source markets recover through increased exploration of nearby attractions.

Diversification of Tourism Offerings: To aid recovery, destinations have diversified their tourism offerings. This includes promoting outdoor and nature-based activities, wellness tourism, and cultural experiences that align with travellers’ preferences for safety, health, and meaningful experiences in the new normal. Such tailored offerings attract visitors from source markets seeking unique and rejuvenating experiences.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Tourist Source Market, with some challenges and opportunities arising from the pandemic.

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Key questions answered in this report:

What is the size of the Tourism Source market and what is its expected growth rate?
What are the primary driving factors that push the Tourism Source market forward?
What are the Tourism Source Industry's top companies?
What are the different categories that the Tourism Source Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Tourism Source market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the Tourist Source Market:

Expedia Group
Booking Holdings Inc.
TripAdvisor Inc.
Airbnb Inc.
com International Ltd.
TUI Group
Thomas Cook Group
Marriott International Inc.
Hilton Worldwide Holdings Inc.
Accor S.A.
Others

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(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

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Tourism Source Market – Regional Analysis

The Tourist Source Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

North America: In North America, a prominent trend is experiential travel, with tourists seeking immersive encounters and unique activities. Additionally, sustainable and eco-conscious tourism is gaining traction, aligning with the region’s focus on environmental responsibility.

Europe: Europe witnesses a surge in slow travel and cultural immersion. Travelers explore fewer destinations in-depth, connecting with local communities and traditions. The rise of heritage tourism, driven by a fascination with history and architecture, is reshaping travel patterns across the continent.

Asia-Pacific: The Asia-Pacific region is experiencing a rise in wellness and health-focused tourism. Travelers prioritize destinations offering relaxation, spa treatments, and holistic experiences. Digital nomadism is on the rise, with destinations like Bali becoming hubs for remote working, contributing to a new trend in extended stays.

LAMEA (Latin America, Middle East, and Africa): LAMEA sees a growth in adventure and nature-based tourism. Tourists are drawn to the region’s diverse landscapes, engaging in activities like trekking, wildlife safaris, and water sports. Cultural tourism also flourishes as travelers explore historic sites and local traditions, contributing to the region’s unique appeal.

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The Tourist Source Market is segmented as follows:

By Booking Channel

Websites
Mobile Applications
Travel Agencies
Others

By Tourist Type

Solo
Group
Others

Click Here to Get a Free Sample Report of the Global Tourism Source Market @ https://www.custommarketinsights.com/report/tourism-source-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Italy
Spain
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Tourism Source Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Tourism Source Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Tourism Source Market? What Was the Capacity, Production Value, Cost and PROFIT of the Tourism Source Market?
What Is the Current Market Status of the Tourism Source Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Tourism Source Market by Considering Applications and Types?
What Are Projections of the Global Tourism Source Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Tourism Source Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Tourism Source Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Tourism Source Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Tourism Source Industry?

Click Here to Access a Free Sample Report of the Global Tourism Source Market @ https://www.custommarketinsights.com/report/tourism-source-market/

Reasons to Purchase Tourism Source Market Report

Tourism Source Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Tourism Source Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Tourism Source Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Tourism Source Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Tourism Source market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Tourism Source Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/tourism-source-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Tourism Source market analysis.

The competitive environment of current and potential participants in the Tourism Source market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Tourism Source market should find this report useful. The research will be useful to all market participants in the Tourism Source industry.
Managers in the Tourism Source sector are interested in publishing up-to-date and projected data about the worldwide Tourism Source market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Tourism Source products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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