Incentive Tourism Market Size to Hit US$ 879300 Million with 19.7% CAGR, by 2032 | Future Market Insights, Inc.

Technology has empowered the tourists as well as the travel agencies. The tourists make use of apps like compass app, currency convertor apps, world time apps etc. Moreover, the travel agencies are investing on creating quality apps for their business. Furthermore, they are also investing on external apps which can connect them with the tourists who are on the go.

Valley Cottage, New York, UNITED STATES

NEWARK, Del, Sept. 05, 2022 (GLOBE NEWSWIRE) -- The global incentive tourism market is anticipated to witness a dollar opportunity by exhibiting a phenomenal CAGR of 19.7% from 2022 to 2032. According to the newly released data by Future Market Insights (FMI), the incentive tourism market is expected to garner US$ 109000 Million in 2022 and is projected to reach US$ 879300 Million by 2032.

The stats of the global incentive tourism market showcase a considerable chunk of the global travel & tourism market. The total sales of the global incentive tourism market garner around 5.5% of the global tourism market.

Running a successful business is not a cakewalk, it involves a lot of variables, and elevating team spirit is the most crucial one of them. In order to keep the team motivated and consistent for success, it is crucial to set enterprise goals, set individual goals, and target anniversaries. All these go hand-in-hand and help make a business successful. Global incentive tourism offers an efficient way to thank employees for everything they do and celebrate their success together.

Request a Sample PDF @

Key Takeaways

  • It is vital to keep deserving employees motivated with conscious efforts by the companies by providing them with different incentives and several other factors that are expected to fuel the demand for the global incentive tourism market. There are several incentive programs used by companies as a noncash reward to drive employees and external partners for achieving key business objectives.
  • Being a healthy and positive concept, it helps motivate employees to perform better each day. Corporations are making a real effort and shifting their focus to spending more on the welfare of their employees.
  • Wellness travel implies that the traveler is physically and mentally rejuvenated by the time tour comes to an end. This is responsible for the increasing popularity of the incentive tourism sector across the forecast period.
  • Some of the crucial physical and mental activities like swimming, yoga, exercises, rock climbing, and so on cater to employees with a growing sense of respect towards the organization that is striving for its employee’s better health. These above-mentioned factors are responsible for the surging demand for global incentive tourism.
  • One of the prevailing ways to socialize is by incentive travel and know about people belonging to different communities. For socially active employees, it can be an ideal way to explore the place and culture of different people around. This is one of the major factors responsible for the increase in the incentive tourism market.
  • The power of word of mouth is an incredible means of publicity. Word of mouth can be described, if suppose an employee has an excellent experience during the incentive tourism, they will spread the word into their circle which might intrigue some people from his circle. This can result in propelling the demand for incentive tourism market during the assessment period.
  • Incentive tourism has a greater emphasis on food, entertainment, and fun. Such trips are perfect for corporate groups, distributor meetings, board-level events, or individual prizes. Such trips can be the reason for many big or small achievements and can also be scaled to fit big or small events as per the need.

Request for Customization @

Competitive Landscape

Giant corporations are looking for ways to expand their business within legal boundaries in order to serve the welfare of society on a massive scale. The most effective cog in the wheel is to achieve profits which are possible by enhancing employee performance.

Major players are companies offering incentive tourism programs as noncash compensation. Such investments being made by the companies for their employees are expected to surge the demand for global incentive tourism.

Key Companies Profiled

  • 360 Destination Group,
  • Access Destination Services,
  • Bcd Group,
  • Carlson Wagonlit Travel,
  • Conference Care Ltd.,
  • Meetings & Incentives Worldwide Inc.,
  • Ita Group,
  • Atpi Ltd.

More Insights into the Incentive Tourism Market

North America is considered to dominate the global incentive tourism market. Surrounded by oceans from all sides, it offers everything that travel lovers seek, ranging from majestic forests to heaving fields, and bright metropolises, the region has got everything to offer for the best performing employees.

Europe is believed to be one of the leading and most popular destinations with well-developed infrastructure and compact geography makes traveling easy as well as memorable in Europe. The region is especially popular for its rich heritage and history and distinct cultures. The home to some most famous landmarks makes the European region stand out from the rest.

Ask an Analyst @

Global Incentive Tourism Market by Category

By Type:

  • Eco-Tourism
  • Adventure Tourism
  • Beach Tourism
  • Cultural Tourism
  • Wildlife Tourism

By Tour Type:

  • Domestic
  • International

By Tourist Type:

  • Independent Traveler
  • Tour Group
  • Package Traveler

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

By Consumer Orientation:

  • Men
  • Women

By Age Group:

  • 26-35 Years
  • 36-45 Years
  • 46-55 Years

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Buy Now/Purchase @

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

        1.1.1. Who Is Travelling?

        1.1.2. How Much Do They Spend?

        1.1.3. Direct Contribution of Tourism To GDP

        1.1.4. Direct Contribution of Tourism To Employment

    1.2. Tourism Evolution Analysis

    1.3. FMI Analysis and Recommendations

2. Market Introduction

    2.1. Total Spending (US$ Mn) and Forecast (2022-2032)

    2.2. Number of Incentive based Tourists (Mn) and Forecast (2022-2032)

    2.3. Total Spending Y-o-Y Growth Projections (2022-2032)

    2.4. Number of Incentive based Tourists Y-o-Y Growth Projections

3. Global Tourism Industry Analysis

    3.1. Tourism Industry Overview

        3.1.1. Travel & Tourism Industry Contribution To Global GDP

   Business Spending v/s Leisure Spending

   Domestic v/s Foreign

   Direct, Indirect, and Induced

        3.1.2. Travel Sector Contribution to Global Overall Employment

To be continued…!

Have a Look at Latest Trending Reports of Travel and Tourism Domain:

Medical Tourism Market Size: Increasing number of countries are jumping on the cross-border medical tourism bandwagon.

Desert Island Tourism Market Trends: The term desert island is a fairly misleading one. Most people assume that it is a hot, sandy island with the odd palm tree or so in sight, akin to an actual desert.

Japan Sports Tourism Market Sales: The Japan sports tourism market, which is valued at US$ 8787 Million in 2022 is expected to grow at a sound CAGR of 8.7% CAGR, and is anticipated to be valued at US $ 20236.53 Million by 2032.

US and Canada Tourism Market Value: United States and Canada are the most prosperous countries in the North America region and the world. Owing to the developed economies of this region, tourism plays an important part in the economic growth and development of the United States and Canada.

Art Tourism Market Analysis: Art tourism basically means visiting a certain place across the globe in order to attend, engage or explore in activities such as art festivals and concerts and sample the regional cuisine.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. 

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: