The outbound tourism sector in France is set to jump from USD 37 million in 2024 to USD 56.8 million by 2034. The market is expected to expand at an average CAGR of 4.3% through 2034.
The increasing popularity of group hiking and sightseeing is linked to the expansion of the outbound tourism industry. The research shows that the outbound tourism demand is boosted by the growth of the tourism industry, particularly for foreign travel.
Attributes | Details |
---|---|
France’s Outbound Tourism Industry Value (2024) | USD 37 million |
Forecast Industry Valuation (2034) | USD 56.8 million |
CAGR (2024 to 2034) | 4.4% |
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Technology development has completely changed the outbound tourism sector by simplifying the process for tourists to plan trips, reserve lodging and flights, and obtain information while overseas. Social networking sites, internet travel companies, and mobile apps have all contributed to market trends of outbound tourism in France.
The availability and cost of modes of transportation like trains, airplanes, and rental cars influences the outbound tourism sector. New flight routes and high-speed rail networks, among other improvements to the transportation infrastructure, enable access to new locations and increase travel convenience.
France's economic stability and success significantly prompt the growth of the outbound tourist demand. Factors such as disposable income levels, employment rates, and GDP growth influence people's ability and willingness to travel overseas.
In 2019, the France industry recorded an outbound tourism demand of USD 30.2 million. Sales of outbound tourism in France reached USD 35.3 million in 2023, expanding at a 4.0% CAGR from 2019 to 2023.
From 2019 to 2023, the French tourism industry expanded, spurred by expanding disposable income, improved air connectivity, and growing interest in foreign travel experiences. In 2023, France consolidated its spot as one of the world's leading outbound tourism sectors, with almost 50 million outbound visits and €60 billion in overseas expenditures.
Attributes | Details |
---|---|
France’s Outbound Tourism Industry Revenue (2019) | USD 30.2 million |
Historical Industry Valuation (2023) | USD 35.3 million |
HCAGR (2019 to 2023) | 4.0% |
Forecasts indicate that outbound tourism demand continues its upward trend through 2024 and 2034, but at a slightly slower rate. The industry environment is likely to be determined by elements such as changing consumer choices, concerns about sustainability, and technological developments in travel services.
Outbound tourism providers serving the French sector ought to concentrate on individualized experiences, sustainable practices, and digital innovation to take advantage of the increasing demand and maintain their competitiveness in the dynamic market.
Rapid technological improvements threaten established outbound tourism vendors by disrupting traditional tourism business models and distribution channels, as evidenced by the emergence of virtual reality experiences, sharing economy platforms, and online travel agencies.
The accessibility and convenience of travel to some areas inside France is constrained by inadequate or obsolete transportation infrastructure, including roads, trains, and airports, which harm outward tourism.
For French citizens, traveling abroad has many obstacles, including strict visa requirements, complicated travel documentation needs, and shifting immigration laws in target nations.
A thorough segmentation analysis of outbound tourism in France is included in this section. The producers of outbound tourism are closely monitoring market trends and the expanding demand in the April to June segment. Similarly, the 26-35 years segment outshines the age group segment.
Leading Peak Season Segment | April to June |
---|---|
Market Share (2024) | 38% |
With perfect weather and longer daylight hours, April to June attracts more people to discover outbound destinations. A greater number of tourists arrive at outbound destinations during this period because many popular tourist attractions and events are set to occur during this season.
April to June are ideal choices for tourists on a tight budget because they are less expensive and have fewer crowds than the busiest summer months. Families have plenty of outbound tourism opportunities to take international vacations during school vacations and long weekends from April to June.
Leading Age Distribution Segment | 26-35 years |
---|---|
Market Share (2024) | 34.1% |
Higher outbound tourism sales are frequently the result of the 26-35 age group's greater discretionary money and freedom to travel. The 26-35 age group of young professionals is full with travel and adventure seekers who want to make lasting memories.
The 26-35 age group has a strong desire to travel, which increases outbound tourism due to social media's significant influence. Based on trends, the 26-35 age group is more likely to value travel as a means of self-discovery and personal development, which strengthens sales in the outbound tourism sector.
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Within the highly competitive sector in France, several prominent outbound tourism providers compete for customer attention and market share. Major outbound tourism vendors operate in different outbound tourism segments to offer tourists a variety of experiences.
Tui France distinguishes itself by offering travel packages that cover various interests and price points and by having a vast network. Specializing in ticketing services, France Billet and Ticketnet enable easy reservations for events and attractions. With a variety of choices ranging from resorts to vacation rentals, Odalys Evasion specializes in vacation lodging.
Global Business Travel France offers specialized solutions for conferences and business travel, catering to business travelers. Travel Lab SAS strongly emphasizes immersive travel, creating one-of-a-kind itineraries and experiences for discriminating tourists.
Fram is recognized for its guided tours and holiday packages, which it offers to leisure tourists looking for hassle-free getaways. Travelers travel with peace of mind owing to Pv-Cp Distribution's offerings of travel insurance and associated services. Holidays Heliades caters to tourists with discriminating tastes and specializes in luxurious vacation experiences and exotic locations.
Leading outbound tourism providers strive in a changing market, always coming up with new ideas to satisfy changing customer needs. By emphasizing client happiness and providing exceptional service, they add to the dynamic environment of France's outbound tourist sector.
Noteworthy Advancements Observed in Outbound Tourism in France
Attribute | Details |
---|---|
Estimated Valuation (2024) | USD 37 million |
Projected Valuation (2034) | USD 56.8 million |
Anticipated CAGR (2024 to 2034) | 4.4% |
Historical Analysis of Outbound Tourism in France | 2019 to 2023 |
Demand Forecast for Outbound Tourism in France | 2024 to 2034 |
Quantitative Units | Revenue in USD million and CAGR from 2024 to 2034 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Key Companies Profiled | Tui France; France Billet; Ticketnet; Odalys Evasion; Global Business Travel France; Travel Lab SAS; Oui.sncf SAS; Fram; Pv-Cp Distribution; Vacances Heliades; Other (on request) |
The outbound travel and tourism sector in France is set to secure a valuation US$ 37 million in 2024.
The France outbound travel and tourism industry is projected to surpass US$ 56.8 million by 2034.
The outbound travel and tourism sector in France is anticipated to surge at a 4.4% CAGR through 2034.
From 2019 to 2023, the France outbound travel and tourism industry escalated at a HCAGR of 4.0%.
The April to June segment is forecasted to garner a share of 38% in 2024.
The 26-35 years segment is expected to hold a 34.1% market share in 2024.
1. Executive Summary 2. Market Introduction 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.1.1. Prominent Tourist Attractions to Pave the Way for France Outbound Tourism 3.1.2. Strong Desire to Travel among French Nationals 3.1.3. Holiday Entitlement - An Emerging Trend 3.1.4. Schengen Visa - Support for Outbound Tourism 3.1.5. Diversified Outbound Tourism Patterns 3.1.6. Others 3.2. Future Prospects of Cat Food Toppers Industry 3.2.1. Factors Fuelling Growth 3.2.2. Influx of Brands 3.2.3. Innovative Distribution & Marketing Strategies 4. Market Background 5. Categorizing of Market, 2024 6. Market Structure Analysis 7. Competition Analysis 7.1. Tui France 7.2. France Billet 7.3. Ticketnet 7.4. Odalys Evasion 7.5. Global Business Travel France 7.6. Travel Lab SAS 7.7. Oui.sncf SAS 7.8. Fram 7.9. Pv-Cp Distribution 7.10. Vacances Heliades 7.11. Others (As per Request) 8. Assumptions and Acronyms Used 9. Research Methodology
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