As travelers eagerly anticipate their adventures, the BRICS tourism industry stands as a beacon of opportunity and growth. With a current valuation soaring to US$ 5.09 trillion in 2024, the stage is set for a transformative journey ahead.
The narrative unfolds with anticipation, envisioning a future where demand ascends to US$ 7.83 trillion by 2034, fostering a CAGR of 4.4%.
| Attributes | Details |
|---|---|
| Value for 2024 | US$ 5.09 trillion |
| Value for 2034 | US$ 7.83 trillion |
| Forecast CAGR for 2024 to 2034 | 4.4% |
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| Historical CAGR (2019 to 2023) | 3.70% |
|---|---|
| Forecast CAGR (2024 to 2034) | 4.40% |
From 2019 to 2023, the industry witnessed a sluggish CAGR of 3.70%, reflecting a period of gradual expansion and evolution. This era marked a boom in accessibility and a rise in interest in exploring the diverse landscapes and cultures within the BRICS nations.
The forecasted CAGR from 2024 to 2034 paints a picture of continued growth and adventure in the BRICS Tourism realm. With a projected CAGR of 4.40%, the future promises to be ripe with opportunities for exploration, discovery, and innovation.
From ancient treasures to modern marvels, each destination beckons with tales of past triumphs and beckons toward future adventures, inviting travelers to embark on a journey of a lifetime.
Principal Consultant
The below section shows the leading segment. Based on the consumer orientation, the men segment is accounted to hold an industrial share of 48.3% in 2024. Based on age group, the 26-35 years segment is accounted to hold an industrial share of 35.4% in 2024.
| Category | Industrial Share in 2024 |
|---|---|
| Men | 48.3% |
| 26-35 years | 35.4% |
Based on consumer orientation, the men's segment stands out, capturing a significant industrial share of 48.3%. The considerable share underscores the surge in the prominence of men as key consumers in the industry.
As societal norms evolve and traditional gender roles blur, men are widely embracing self-care and grooming, including investing in personal care products tailored to their needs.
The boom in specialized men's grooming brands and products tailored to men's preferences and lifestyles further fuels this trend, thus catering to their unique requirements and preferences.
Based on age group, the 26-35 years segment is accounted to hold an industry share of 35.4% in 2024. The age group represents a demographic characterized by young adults in the prime of their professional and personal lives, often prioritizing self-care and grooming routines.
With a focus on maintaining youthful appearances and adopting healthy lifestyles, individuals within this age bracket are keen consumers of personal care products.
The purchasing power, coupled with a desire to invest in quality grooming products, propels significant demand within the industry, making them a critical target audience for brands and retailers alike.
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The table describes the top five countries ranked by revenue, with South Africa holding the top position. The dominance of South Africa in the BRICS tourism industry is propelled by its diverse landscapes, vibrant cities, and rich cultural heritage.
Iconic attractions such as safaris in Kruger National Park, Table Mountain in Cape Town, and artistic experiences contribute to its appeal, making it a top destination within the BRICS nations.
Forecast CAGRs from 2024 to 2034
| Countries | CAGR |
|---|---|
| Brazil | 4.5% |
| Russia | 4.9% |
| China | 5.2% |
| India | 5.8% |
| South Africa | 6.2% |
In Brazil, the BRICS tourism industry thrives on the diverse natural landscapes, vibrant culture, and iconic attractions.
From the breathtaking Amazon rainforest to the bustling streets of Rio de Janeiro, Brazil offers a myriad of experiences for travelers seeking adventure, relaxation, and cultural immersion.
The warm climate, welcoming people, and rich heritage make it a top destination within the industry.
Tourists are drawn to iconic landmarks, including the Kremlin in Moscow, the Hermitage Museum in Saint Petersburg, and the historic cities along the Golden Ring in Russia.
Cultural attractions such as the Bolshoi Theatre and the Trans-Siberian Railway offer unique experiences for travelers seeking cultural immersion and adventure.
The vast wilderness areas, including Lake Baikal and the Kamchatka Peninsula, also attract ecotourists interested in exploring pristine natural environments.
The vibrant cities in China, including Beijing, Shanghai, and Xi'an, showcase modern developments, technological innovation, and dynamic urban landscapes.
The diverse cuisine, traditional festivals, and scenic landscapes, such as the Li River and Zhangjiajie National Forest Park, further contribute to its appeal as a top tourist destination within the BRICS nations.
Tourists are drawn to iconic landmarks, such as the Taj Mahal, Jaipur's palaces, and Kerala's backwaters, which offer glimpses into the rich history and architectural marvels.
Spiritual seekers flock to sacred sites such as Varanasi, Rishikesh, and Bodh Gaya, while adventure enthusiasts explore the Himalayas, national parks, and wildlife reserves.
The vibrant festivals, colorful industries, and culinary delights further enhance its appeal as a top tourist destination within the BRICS nations.
Tourists flock to South Africa to embark on safari adventures in Kruger National Park, explore the vibrant city of Cape Town, and visit iconic landmarks such as Table Mountain and Robben Island.
The rich cultural heritage, including its diverse population, languages, and traditions, offers immersive experiences for travelers seeking cultural exchange and exploration.
The scenic coastal drives, winelands, and outdoor activities appeal to adventure seekers and nature enthusiasts, making it a top destination within the BRICS nations for tourism.
Each member nation of the BRICS tourism industry competes with its unique blend of attractions, cultural heritage, and hospitality offerings. Competition drives innovation in infrastructure, services, and industrial strategies as each nation seeks to attract and retain tourists.
Collaboration within the BRICS framework fosters mutual growth and exchange of best practices, further enhancing the competitiveness of the collective tourism industry on the global stage. Some of the key developments are:
| Attributes | Details |
|---|---|
| Estimated Industry Size in 2024 | US$ 5.09 trillion |
| Projected Industry Valuation in 2034 | US$ 7.83 trillion |
| Value-based CAGR 2024 to 2034 | 4.4% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Industry Analysis | Value in US$ trillion |
| Key Industry Segments Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
As of 2024, the industry for BRICS tourism is expected to be valued at US$ 5.09 trillion.
The BRICS tourism Industry is projected to expand at a CAGR of 4.40% between 2024 and 2034.
The men segment is projected to dominate the industry.
By 2034, the Industrial value of BRICS tourism is expected to reach US$ 7.83 trillion.
South Africa is likely the top-performing Industry, with a CAGR of 6.2%.
1. Executive Summary
1.1. Industry Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Industry Overview
2.1. Industry Coverage / Taxonomy
2.2. Industry Definition / Scope / Limitations
3. Industry Background
3.1. Industry Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Industry Outlook
4. Industry Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Industry Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Industry Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
5.1. Introduction / Key Findings
5.2. Historical Industry Size Value (US$ Million) Analysis By Type, 2019 to 2023
5.3. Current and Future Industry Size Value (US$ Million) Analysis and Forecast By Type, 2024 to 2034
5.3.1. Cultural & Heritage Tourism
5.3.2. Medical Tourism
5.3.3. Eco/Sustainable Tourism
5.3.4. Sports Tourism
5.3.5. Wellness Tourism
5.3.6. Others
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Booking Channel
6.1. Introduction / Key Findings
6.2. Historical Industry Size Value (US$ Million) Analysis By Booking Channel, 2019 to 2023
6.3. Current and Future Industry Size Value (US$ Million) Analysis and Forecast By Booking Channel, 2024 to 2034
6.3.1. Online Travel Agents
6.3.2. Traditional Agents
6.3.3. Direct Booking
6.4. Y-o-Y Growth Trend Analysis By Booking Channel, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Booking Channel, 2024 to 2034
7. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tourist Type
7.1. Introduction / Key Findings
7.2. Historical Industry Size Value (US$ Million) Analysis By Tourist Type, 2019 to 2023
7.3. Current and Future Industry Size Value (US$ Million) Analysis and Forecast By Tourist Type, 2024 to 2034
7.3.1. Domestic Tourist
7.3.2. International Tourist
7.4. Y-o-Y Growth Trend Analysis By Tourist Type, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Tourist Type, 2024 to 2034
8. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tour Type
8.1. Introduction / Key Findings
8.2. Historical Industry Size Value (US$ Million) Analysis By Tour Type, 2019 to 2023
8.3. Current and Future Industry Size Value (US$ Million) Analysis and Forecast By Tour Type, 2024 to 2034
8.3.1. Independent Traveller
8.3.2. Tour Groups
8.3.3. Package Traveller
8.4. Y-o-Y Growth Trend Analysis By Tour Type, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By Tour Type, 2024 to 2034
9. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Orientation
9.1. Introduction / Key Findings
9.2. Historical Industry Size Value (US$ Million) Analysis By Consumer Orientation, 2019 to 2023
9.3. Current and Future Industry Size Value (US$ Million) Analysis and Forecast By Consumer Orientation, 2024 to 2034
9.3.1. Men
9.3.2. Women
9.4. Y-o-Y Growth Trend Analysis By Consumer Orientation, 2019 to 2023
9.5. Absolute $ Opportunity Analysis By Consumer Orientation, 2024 to 2034
10. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Age Group
10.1. Introduction / Key Findings
10.2. Historical Industry Size Value (US$ Million) Analysis By Age Group, 2019 to 2023
10.3. Current and Future Industry Size Value (US$ Million) Analysis and Forecast By Age Group, 2024 to 2034
10.3.1. 15-25 Years
10.3.2. 26-35 Years
10.3.3. 36-45 Years
10.3.4. 46- 55 Years
10.3.5. 56- 65 Years
10.3.6. 66-75 Years
10.3.7. Above 75 Years
10.4. Y-o-Y Growth Trend Analysis By Age Group, 2019 to 2023
10.5. Absolute $ Opportunity Analysis By Age Group, 2024 to 2034
11. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Introduction
11.2. Historical Industry Size Value (US$ Million) Analysis By Country, 2019 to 2023
11.3. Current Industry Size Value (US$ Million) Analysis and Forecast By Country, 2024 to 2034
11.3.1. Brazil
11.3.2. Russia
11.3.3. India
11.3.4. China
11.3.5. South Africa
11.3.6. Egypt
11.3.7. Other Countries
11.4. Industry Attractiveness Analysis By Country
12. Brazil Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
12.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023
12.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034
12.2.1. By Region
12.2.2. By Type
12.2.3. By Booking Channel
12.2.4. By Tourist Type
12.2.5. By Tour Type
12.2.6. By Consumer Orientation
12.2.7. By Age Group
12.3. Industry Attractiveness Analysis
12.3.1. By Region
12.3.2. By Type
12.3.3. By Booking Channel
12.3.4. By Tourist Type
12.3.5. By Tour Type
12.3.6. By Consumer Orientation
12.3.7. By Age Group
12.4. Key Takeaways
13. Russia Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
13.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023
13.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034
13.2.1. By Region
13.2.2. By Type
13.2.3. By Booking Channel
13.2.4. By Tourist Type
13.2.5. By Tour Type
13.2.6. By Consumer Orientation
13.2.7. By Age Group
13.3. Industry Attractiveness Analysis
13.3.1. By Region
13.3.2. By Type
13.3.3. By Booking Channel
13.3.4. By Tourist Type
13.3.5. By Tour Type
13.3.6. By Consumer Orientation
13.3.7. By Age Group
13.4. Key Takeaways
14. India Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
14.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023
14.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034
14.2.1. By Region
14.2.2. By Type
14.2.3. By Booking Channel
14.2.4. By Tourist Type
14.2.5. By Tour Type
14.2.6. By Consumer Orientation
14.2.7. By Age Group
14.3. Industry Attractiveness Analysis
14.3.1. By Region
14.3.2. By Type
14.3.3. By Booking Channel
14.3.4. By Tourist Type
14.3.5. By Tour Type
14.3.6. By Consumer Orientation
14.3.7. By Age Group
14.4. Key Takeaways
15. China Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
15.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023
15.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034
15.2.1. By Region
15.2.2. By Type
15.2.3. By Booking Channel
15.2.4. By Tourist Type
15.2.5. By Tour Type
15.2.6. By Consumer Orientation
15.2.7. By Age Group
15.3. Industry Attractiveness Analysis
15.3.1. By Region
15.3.2. By Type
15.3.3. By Booking Channel
15.3.4. By Tourist Type
15.3.5. By Tour Type
15.3.6. By Consumer Orientation
15.3.7. By Age Group
15.4. Key Takeaways
16. South Africa Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
16.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023
16.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034
16.2.1. By Region
16.2.2. By Type
16.2.3. By Booking Channel
16.2.4. By Tourist Type
16.2.5. By Tour Type
16.2.6. By Consumer Orientation
16.2.7. By Age Group
16.3. Industry Attractiveness Analysis
16.3.1. By Region
16.3.2. By Type
16.3.3. By Booking Channel
16.3.4. By Tourist Type
16.3.5. By Tour Type
16.3.6. By Consumer Orientation
16.3.7. By Age Group
16.4. Key Takeaways
17. Egypt Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
17.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023
17.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034
17.2.1. By Region
17.2.2. By Type
17.2.3. By Booking Channel
17.2.4. By Tourist Type
17.2.5. By Tour Type
17.2.6. By Consumer Orientation
17.2.7. By Age Group
17.3. Industry Attractiveness Analysis
17.3.1. By Region
17.3.2. By Type
17.3.3. By Booking Channel
17.3.4. By Tourist Type
17.3.5. By Tour Type
17.3.6. By Consumer Orientation
17.3.7. By Age Group
17.4. Key Takeaways
18. Other Countries Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
18.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023
18.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034
18.2.1. By Country
18.2.2. By Type
18.2.3. By Booking Channel
18.2.4. By Tourist Type
18.2.5. By Tour Type
18.2.6. By Consumer Orientation
18.2.7. By Age Group
18.3. Industry Attractiveness Analysis
18.3.1. By Country
18.3.2. By Type
18.3.3. By Booking Channel
18.3.4. By Tourist Type
18.3.5. By Tour Type
18.3.6. By Consumer Orientation
18.3.7. By Age Group
18.4. Key Takeaways
19. Industry Structure Analysis
19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Industry Share Analysis of Top Players
19.3.1. By Country
19.3.2. By Type
19.3.3. By Booking Channel
19.3.4. By Tourist Type
19.3.5. By Tour Type
19.3.6. By Consumer Orientation
19.3.7. By Age Group
20. Competition Analysis
20.1. Competition Deep Dive
20.1.1. Thomas Cook
20.1.1.1. Overview
20.1.1.2. Product Portfolio
20.1.1.3. Profitability by Industry Segments
20.1.1.4. Sales Footprint
20.1.1.5. Strategy Overview
20.1.1.5.1. Marketing Strategy
20.1.2. Cox and Kings
20.1.2.1. Overview
20.1.2.2. Product Portfolio
20.1.2.3. Profitability by Industry Segments
20.1.2.4. Sales Footprint
20.1.2.5. Strategy Overview
20.1.2.5.1. Marketing Strategy
20.1.3. SOTC
20.1.3.1. Overview
20.1.3.2. Product Portfolio
20.1.3.3. Profitability by Industry Segments
20.1.3.4. Sales Footprint
20.1.3.5. Strategy Overview
20.1.3.5.1. Marketing Strategy
20.1.4. Kesari Tours
20.1.4.1. Overview
20.1.4.2. Product Portfolio
20.1.4.3. Profitability by Industry Segments
20.1.4.4. Sales Footprint
20.1.4.5. Strategy Overview
20.1.4.5.1. Marketing Strategy
20.1.5. Expedia
20.1.5.1. Overview
20.1.5.2. Product Portfolio
20.1.5.3. Profitability by Industry Segments
20.1.5.4. Sales Footprint
20.1.5.5. Strategy Overview
20.1.5.5.1. Marketing Strategy
20.1.6. Signature Tours
20.1.6.1. Overview
20.1.6.2. Product Portfolio
20.1.6.3. Profitability by Industry Segments
20.1.6.4. Sales Footprint
20.1.6.5. Strategy Overview
20.1.6.5.1. Marketing Strategy
20.1.7. Natripp
20.1.7.1. Overview
20.1.7.2. Product Portfolio
20.1.7.3. Profitability by Industry Segments
20.1.7.4. Sales Footprint
20.1.7.5. Strategy Overview
20.1.7.5.1. Marketing Strategy
21. Assumptions & Acronyms Used
22. Research Methodology
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BRICS Tourism Industry Analysis
