[342 Pages Report] The global cultural travel market size is expected to reach US$ 559.30 Million by 2032. The cultural travel market is growing rapidly.
As per FMI Analysts, the global Cultural travel market is estimated to be valued at US$ 462.50 Million in 2022 and is projected to increase at a CAGR of 6.54% in the forecast period from 2022 to 2032.
| Report Attribute | Details |
|---|---|
| Cultural Travel Market Estimated Base Year Value (2021) | US$ 434.11 Million |
| Cultural Travel Market Expected Market Value (2022) | US$ 462.50 Million |
| Cultural Travel Market Anticipated Forecast Value (2032) | US$ 559.30 Million |
| Cultural Travel Market Projected Growth Rate (2022 to 2032) | 6.54% CAGR |
Cultural travel is one such aspect of tourism that draws huge numbers of tourists who wish to expand their horizons of knowledge about a new place, it is an ideal platform for tourists to gain insight into any area. Tourism is a growing industry backed by millions of tourists, providing opportunities for growth of the cultural travel market.
Cultural tourism has been gaining popularity in some culturally rich countries for a few years now, as it is not only feeding the wanderlust of tourists, but is also an efficient way to preserve some outdated cultures throughout the world, and cultural travel is a proper way to preserve some in danger of extinction.
Several governments are actively promoting dimming cultures through a slew of promotions that are bolstering cultural travel. The emergence of a new generation of wealthy, educated, and old tourists is also providing ample fuel for the cultural travel market.
Culture is thriving around the world but terrorism has been so devastating to several cultures that it has impeded the organic growth of cultural travel as a potential tourism experience. Natural disasters and the influx of millennial tourists have also been hindering organic growth of cultural travel as a potential tourism experience.
The government also offers subsidized tours in many parts of the world with the goal of promoting and nourishing cultural travel.
Creating a proper cultural travel network allows a location or property to develop its brand immediately. By establishing a cultural travel network, countries are not only boosting their tourism economy, but also offering an excellent platform to display a certain culture, in turn boosting demand for cultural travel.
The cultural tourism market is generating a lot of revenue for countries with rich cultures; overseas cultural extravaganzas, theme shows, and festivals are attracting millions of travelers every year for decades. East Asia, North America, Europe, and Africa are some of the regions dominating the cultural travel market.
Many governments around the world are raising their hands with local tribes and native groups in order to promote local culture. This is not only helping to empower native groups, but also boosting the business potential of the spot. Multiple tie-ups and acquisitions are taking place in this segment of tourism, benefiting the development of cultural travel.
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The cultural travel market has received a lot of traction in the industry.
Millions of tourists traverse the developing tourism arena, eager to gain knowledge about a new place, seeking to expand their knowledge horizon. The cultural tourism segment welcomes a huge influx of tourists looking to embark on a journey of discovery. Cultural travel offers an opportunity for traveller’s keen to uncover the secrets behind any place in the world, increasing the adoption of cultural travel.
Culture travel enjoys ample growth amid the all-round development of the tourism industry. The cultural travel industry is also greatly benefited by the slew of promotional measures by several governments to promote dimming cultures. The emergence of a new generation of tourists, who are opulent and educated, also provides adequate fodder for the development of culture travel.
There has been a global decline in cultural travel, which can be attributed to a number of things: terrorism and natural disasters have caused many cultures to be smashed by the wrath of terrorism in the last few years; the rapid growth of millennials as tourists has slowed cultural travel as a potential tourism experience while the aforementioned factors have diminished the surge, influencing the cultural travel market share.
There has been a marked shift in the spending patterns of cultural travellers over recent years, who spend 37 percent more on travel than mainstream travellers. Hotels and luxury accommodations also earn more as cultural tourists stay longer in a cultural location. Experimental tourism is also redefining the contours of cultural travel.
Italy and Germany will grow faster than the market's growth in other regions during the forecast period. The growth of the cultural travel market will be more rapid in Europe than any other region.
In this troubled economic time, culturally rich countries have been promoting this extremely rich form of tourism for the last few years. Cultural tourism does more than fulfill tourists' wanderlust; it also preserves some of the world's abrogating cultures. Cultural travel is a marriage between past and present.
In the last few years cultural travel has generated huge revenue for several culturally rich countries, and tourism destinations with a high creative content have been drawing the maximum crowd. Festivals, theme shows, and cultural extravaganzas have captivated millions and broke all barriers for decades and the trend continues. South-east Asia, North America, Europe, and Africa are some of the regions the cultural travel market dominates.
Tourism is one way to promote local cultures. Governments around the world are partnering with tribes to further local cultural development, this not only helps the locals financially, but it also makes that tourism spot a more desirable place to do business. Multiple tie-ups and business acquisitions are contributing to the adoption & proliferation of the cultural travel market.
Principal Consultant
Some of the leading companies operating in the global cultural travel market include ACE Cultural Tours, Classic Journeys, Envoy Tours, Exodus Travels Ltd., Indigenous Tourism BC, Kudu Travel Ltd., Martin Randall Travel Ltd. Nature Quest New Zealand Ltd., Odyssey World, Responsible Travel, Splitrock Environmental.
There are a number of travel agencies and institutions that organize cultural tours tailored for a particular group of people. Government-sponsored tours are also organised in various parts of the world with the aim of promoting and nourishing a particular culture.
In creating a proper network of cultural travel, a travel company can provide a platform for the promotion of a particular culture, while also boosting growth of the cultural travel market. By taking advantage of cultural travel, a travel company can instantly draw the attention of the media.
Within the cultural tourism field, trends like staying like a local, social networking, cultural gastronomy, cultural heritage tourism, and pilgrimages and religious tourism are likely to dominate growth of the cultural travel market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.54% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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The global cultural travel market is set to exceed US$ 5281 Million in 2032.
The U.S. is projected to lead the cultural travel market in the forecast period.
ACE Cultural Tours, Classic Journeys, Envoy Tours, Exodus Travels Ltd., Indigenous Tourism BC, and others are some of the renowned companies in the cultural travel market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market 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. Value Chain Analysis
3.5.1. Profit Margin Analysis
3.5.2. Service Providers
3.6. PESTLE and Porter’s Analysis
3.7. Regulatory Landscape
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
4. Global Cultural Travel Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Cultural Travel Market Analysis 2017-2021 and Forecast 2022-2032, By Traveler Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) Analysis By Traveler Type, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Traveler Type, 2022-2032
5.3.1. Solo
5.3.2. Group
5.4. Y-o-Y Growth Trend Analysis By Traveler Type, 2017-2021
5.5. Absolute $ Opportunity Analysis By Traveler Type, 2022-2032
6. Global Cultural Travel Market Analysis 2017-2021 and Forecast 2022-2032, By Activitiy Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) Analysis By Activitiy Type, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Activitiy Type, 2022-2032
6.3.1. Festivals
6.3.2. Rituals
6.4. Y-o-Y Growth Trend Analysis By Activitiy Type, 2017-2021
6.5. Absolute $ Opportunity Analysis By Activitiy Type, 2022-2032
7. Global Cultural Travel Market Analysis 2017-2021 and Forecast 2022-2032, By Mode of Travel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) Analysis By Mode of Travel, 2017-2021
7.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Mode of Travel, 2022-2032
7.3.1. Roadways
7.3.2. Airways
7.3.3. Waterways
7.4. Y-o-Y Growth Trend Analysis By Mode of Travel, 2017-2021
7.5. Absolute $ Opportunity Analysis By Mode of Travel, 2022-2032
8. Global Cultural Travel Market Analysis 2017-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021
8.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia & Pacific
8.3.6. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Cultural Travel Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Traveler Type
9.2.3. By Activitiy Type
9.2.4. By Mode of Travel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Traveler Type
9.3.3. By Activitiy Type
9.3.4. By Mode of Travel
9.4. Key Takeaways
10. Latin America Cultural Travel Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Mexico
10.2.1.2. Brazil
10.2.1.3. Rest of Latin America
10.2.2. By Traveler Type
10.2.3. By Activitiy Type
10.2.4. By Mode of Travel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Traveler Type
10.3.3. By Activitiy Type
10.3.4. By Mode of Travel
10.4. Key Takeaways
11. Europe Cultural Travel Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
11.2.1.5. Spain
11.2.1.6. BENELUX
11.2.1.7. Russia
11.2.1.8. Rest of Europe
11.2.2. By Traveler Type
11.2.3. By Activitiy Type
11.2.4. By Mode of Travel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Traveler Type
11.3.3. By Activitiy Type
11.3.4. By Mode of Travel
11.4. Key Takeaways
12. East Asia Cultural Travel Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Traveler Type
12.2.3. By Activitiy Type
12.2.4. By Mode of Travel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Traveler Type
12.3.3. By Activitiy Type
12.3.4. By Mode of Travel
12.4. Key Takeaways
13. South Asia & Pacific Cultural Travel Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. ASEAN
13.2.1.3. Australia and New Zealand
13.2.1.4. Rest of South Asia & Pacific
13.2.2. By Traveler Type
13.2.3. By Activitiy Type
13.2.4. By Mode of Travel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Traveler Type
13.3.3. By Activitiy Type
13.3.4. By Mode of Travel
13.4. Key Takeaways
14. MEA Cultural Travel Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. Turkey
14.2.1.3. South Africa
14.2.1.4. Rest of MEA
14.2.2. By Traveler Type
14.2.3. By Activitiy Type
14.2.4. By Mode of Travel
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Traveler Type
14.3.3. By Activitiy Type
14.3.4. By Mode of Travel
14.4. Key Takeaways
15. Key Countries Cultural Travel Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Traveler Type
15.1.2.2. By Activitiy Type
15.1.2.3. By Mode of Travel
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Traveler Type
15.2.2.2. By Activitiy Type
15.2.2.3. By Mode of Travel
15.3. Mexico
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Traveler Type
15.3.2.2. By Activitiy Type
15.3.2.3. By Mode of Travel
15.4. Brazil
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Traveler Type
15.4.2.2. By Activitiy Type
15.4.2.3. By Mode of Travel
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Traveler Type
15.5.2.2. By Activitiy Type
15.5.2.3. By Mode of Travel
15.6. Italy
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2021
15.6.2.1. By Traveler Type
15.6.2.2. By Activitiy Type
15.6.2.3. By Mode of Travel
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2021
15.7.2.1. By Traveler Type
15.7.2.2. By Activitiy Type
15.7.2.3. By Mode of Travel
15.8. U.K.
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2021
15.8.2.1. By Traveler Type
15.8.2.2. By Activitiy Type
15.8.2.3. By Mode of Travel
15.9. Spain
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2021
15.9.2.1. By Traveler Type
15.9.2.2. By Activitiy Type
15.9.2.3. By Mode of Travel
15.10. BENELUX
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2021
15.10.2.1. By Traveler Type
15.10.2.2. By Activitiy Type
15.10.2.3. By Mode of Travel
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2021
15.11.2.1. By Traveler Type
15.11.2.2. By Activitiy Type
15.11.2.3. By Mode of Travel
15.12. China
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2021
15.12.2.1. By Traveler Type
15.12.2.2. By Activitiy Type
15.12.2.3. By Mode of Travel
15.13. Japan
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2021
15.13.2.1. By Traveler Type
15.13.2.2. By Activitiy Type
15.13.2.3. By Mode of Travel
15.14. South Korea
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2021
15.14.2.1. By Traveler Type
15.14.2.2. By Activitiy Type
15.14.2.3. By Mode of Travel
15.15. India
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2021
15.15.2.1. By Traveler Type
15.15.2.2. By Activitiy Type
15.15.2.3. By Mode of Travel
15.16. ASEAN
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2021
15.16.2.1. By Traveler Type
15.16.2.2. By Activitiy Type
15.16.2.3. By Mode of Travel
15.17. Australia and New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2021
15.17.2.1. By Traveler Type
15.17.2.2. By Activitiy Type
15.17.2.3. By Mode of Travel
15.18. GCC Countries
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2021
15.18.2.1. By Traveler Type
15.18.2.2. By Activitiy Type
15.18.2.3. By Mode of Travel
15.19. Turkey
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2021
15.19.2.1. By Traveler Type
15.19.2.2. By Activitiy Type
15.19.2.3. By Mode of Travel
15.20. South Africa
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2021
15.20.2.1. By Traveler Type
15.20.2.2. By Activitiy Type
15.20.2.3. By Mode of Travel
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Traveler Type
16.3.3. By Activitiy Type
16.3.4. By Mode of Travel
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Intrepid
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Explore
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Exodus Travels
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. G Adventures
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. On The Go Tours
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Wonderful Holidays
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Discover Korea
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Allure Holidays
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Highland Experience Tour
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Rabbie's Tours
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
Travel and Tourism
June 2022
REP-GB-2990
333 pages
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Cultural Travel Market
