The Himalaya Vacations Tourism market is estimated to reach USD 2 Billion in 2022. As per the report, sales are forecast to increase at a robust 5% CAGR, with the market valuation reaching USD 3.26 Billion by 2032.
| Attribute | Details |
|---|---|
| Himalaya Vacations Tourism Market Estimated Size (2022) | USD 2 Billion |
| Himalaya Vacations Tourism Market Projected Size (2032) | USD 3.26 Billion |
| Himalaya Vacations Tourism Market Value-based CAGR (2022 to 2032) | 5% CAGR |
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The Himalayas are a popular tourist destination, both for Domestic and international tourists. The Himalayas has a heritage as a Holy Land, having multiple pilgrimages around them. Along with pilgrimages, people come here for adventures, there is a number of treks, camps, and safaris. Uttarakhand, Jammu, Kashmir, West Bengal, Assam, and Meghalaya are famous tourist destinations, having thousands of tourists visiting every year.
In 2020, both domestic and foreign tourists substantially decreased, with an 81% drop in visits from 2019. A rise in tourism was noted in 2021, up 75% from 2020. These figures are indicating positive signs for tourism in the Himalayas in the years upcoming.
The Himalayas are filled with diversity and lots of destinations to visit. According to the destination, the Himachal Pradesh Tourism Policy is classifying the tourism attraction. As these destinations are classified, the tourists can focus on what they want to see around the Himalayas or they can plan their vacation around visiting and performing activities they want. The diversification is carried out based on the locations and the significance of such locations in terms of culture and heritage.
Such diversification is also helpful transformation and development of tourist places, accelerating the process as organizations know where to focus and understand the requirements.
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Many adventure enthusiasts come to the Himalayas to climb a number of mountains and finally conquer the 8,850 meters tall mountain itself. But mountain climbers are not allowed to climb the mountain directly. Climbers must practice and gain an understanding of the conditions there. One needs to travel to Nepal to begin the ascent of the Himalayas. Mountains in Nepal that are under the supervision of the ministry and that they permit climbers to ascend before beginning the actual climb are between 5,000 and 7,000 meters high.
recently ministry of Nepal opened 104 peaks, which were closed due to avalanches, leading to the death of Sherpa in the area. Due to the accident, all Himalaya climbs were canceled, as Sherpa guides refused to climb with tourists and mountain climbers.
Himachal Pradesh is a land with abundant natural beauty, with vast snowy peaks, lush green fields and deserts, and forests. Gushing rivers and lakes surrounded by mountains and valleys, all these natural phenomena make this place an amazing tourist destination. Tourists visiting the Himalayas cannot decide what to visit and what activities they should do. As there is no plan, they miss many great opportunities to explore unseen destinations.
Himachal Tourism has suggested the Himachal Pradesh Tourism Policy for 2019 in order to facilitate convenient and sustainable tours in the Himalayas. According to this approach, the destinations are divided into categories based on their attributes. The main attraction of these destinations is ecotourism, pilgrimage tourism, snow tourism, and adventure tourism. This step will make the Himalayas a sustainable tourism destination and might create employment opportunities, helping in economic elevation.
Tourism in Nepal, like in other countries, is some of the phenomenon and relationships arising from activities like travel and stay of nonresidents in so far as they don't lead to permanent residence and are not connected with any kind of earning activities. Those activities made by tourists include recreation, holidays, adventures, businesses, and other special interest activities. The physical manifestations of Nepal's mountain tourism industry include attractions such as the snow-capped Great Himalayan ranges, deep gorges, picturesque landscapes, lovely forests an abundance of wild animals and a pleasant climate, traditional culture, numerous festivals, Hindu temples, and Buddhist monasteries, among others.
The Himalayas in Nepal are an important part of international tourism, generating revenue and providing employment and business opportunities to residents. The locals guide tourists around popular destinations and are capable of offering services to tourism-related enterprises. Apart from local communities, the government, private sector tourism entrepreneurs, tourists, and international assistance organizations & agencies, are interconnected and crucial components for the development of Himalaya Tourism in Nepal.
Bhutan is restarting its tourism sector for tourists all around the world, but this time, there are certain changes to the norms and regulations for visitors that have drawn conflicting responses. After surviving the Covid epidemic, Bhutan recently reopened its borders to visitors. However, this time, the per diem tourism tax has been expanded. This increase in tax covers Indian tourists as well, who have historically enjoyed passport and visa-free access to the Himalayan state. The accommodation and travel costs have also been extended.
Bhutan is also taking steps towards the development of eco-tourism, as it is banning tobacco and cigarettes, saying it not only degenerates the environment but also increases the healthcare costs, which are coming from foreign direct exchanges. Bhutan will also concur about updates to the BBIN Motor Vehicles Agreement, which will help in the reduction of air pollution, caused by vehicles.
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There are a number of attractions in the Himalayas tourists visit every year. But mainly Eco-tourism and Pilgrimage Tourism are the most common tour types in the Himalayas. Foreign tourists prefer Ecotourism, while domestic tourists commonly visit the Himalayas during the pilgrimage period.
Online booking channel is the dominant booking channel for Himalayan tours. Tourists are getting offers and package tours of the Himalayas from a number of travel agencies. Most of these travel agencies operate via websites or applications. These websites are easy to access, hassle-free, and do not require much maintenance. Tourists interested in Himalayan tours can interact with these agencies and get their preferred tour without having to leave the house. Along with convenience, consumers are offered special discounts for booking tours from websites, attracting more consumers to use websites.
The age group of 26-35 is the most common age group of travelers taking tours to the Himalayas and neighboring countries. The main attractions to this age group are adventures and sightseeing around the Himalayas.
The traveling agencies planning tours in the Himalayas are giving tons of variety in tours. The tours may include only sightseeing, or treks of Himalayan mountains, or will give options of selecting multiple destinations like lakes and mountains and forests to visit, or can give freedom of selecting destinations tourists are interested to visit. Along with these options, for pilgrimages and events taking place in the Himalayas, travelers can travel at specific times of the year.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Region Covered | Asia |
| Key Countries Covered | India, Nepal, Bhutan, China, and Others |
| Key Segments Covered | Tourism Type, Booking Channel, Tourist Type, Tour Type, Age Group, and Region. |
| Key Companies Profiled | Himalayan Tours; Himalaya Travels; Himalayan Tour Operators & Travel Agents; Enchanting Travels; Himalayan Holidays; Sherpa Expedition and Trekking Pvt. Ltd.; Trafalgar; G Adventures; Explore; Nepal Hiking Team; Himalaya Heart Treks & Expedition |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Himalayan Tourism market is expected to reach a valuation of USD 2 Billion in 2022.
The Himalayas are home of high mountains, forests, rivers and lakes, valleys with lush greenery. All around the year tourists come to see all these attractions and experience the natural heritage of Himalayas. Also, tourists interested in exploring different cultures visit Hindu Temples and Buddhist Monasteries.
Leading players operating in the Himalayan Tourism market are Himalayan Tours, Himalaya Travels, Himalayan Tour Operators & Travel Agents, Enchanting Travels, Himalayan Holidays, Sherpa Expedition and Trekking Pvt. Ltd., Trafalgar, G Adventures, Explore! among others.
1. Executive Summary | Himalaya Vacations Tourism Market 2. Market Introduction 3. Global Tourism Industry Analysis 4. Global Himalayan Tourism Market Dynamics 5. Market Background 6. Categorizing of Global Himalayan Vacation Tourism Sector 2021 6.1. Current Market Analysis By Tourism Type (% of Demand) 6.1.1. Cultural & Heritage Tourism 6.1.2. Eco/Sustainable Tourism 6.1.3. Adventure & Sports Tourism 6.1.4. Wellness Tourism 6.1.5. Others 6.2. Current Market Analysis By Booking Channel (% of Demand) 6.2.1. Phone Booking 6.2.2. Online Booking 6.2.3. Direct Booking 6.3. Current Market Analysis By Tourist Type (% of Demand) 6.3.1. Domestic 6.3.2. International 6.4. Current Market Analysis By Tour Type (% of Demand) 6.4.1. Independent Traveller 6.4.2. Tour Group 6.4.3. Package Traveller 6.5. Current Market Analysis By Consumer Orientation (% of Demand) 6.5.1. Men 6.5.2. Women 6.6. Current Market Analysis By Age Group (% of Demand) 6.6.1. 15-25 Years 6.6.2. 26-35 Years 6.6.3. 36-45 Years 6.6.4. 46-55 Years 6.6.5. 66-75 Years 6.7. Current Market Analysis By Region (% of Demand) 6.7.1. North America 6.7.2. Latin America 6.7.3. Europe 6.7.4. East Asia 6.7.5. South Asia 6.7.6. Oceania 6.7.7. Middle East and Africa (MEA) 7. Categorizing of North America Himalayan Vacation Tourism Sector 2021 8. Categorizing of Latin America Himalayan Vacation Tourism Sector 2021 9. Categorizing of Himalayan Vacation Tourism Sector 2021 10. Categorizing of East Asia Himalayan Vacation Tourism Sector 2021 11. Categorizing of South Asia Himalayan Vacation Tourism Sector 2021 12. Categorizing of Oceania Himalayan Vacation Tourism Sector 2021 13. Categorizing of Middle East and Africa Himalayan Tourism Sector 2021 14. Competition Analysis 14.1. Himalayan Tours 14.2. Himalaya Travels 14.3. Himalayan Tour Operators & Travel Agents 14.4. Enchanting Travels 14.5. Himalayan Holidays 14.6. Sherpa Expedition and Trekking Pvt. Ltd. 14.7. Trafalgar 14.8. G Adventures 14.9. Explore! 14.10. Other 15. Social Media Sentimental Analysis 16. Assumptions and Acronyms Used 17. Research Methodology
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Himalaya Vacations Tourism Market
