The tourism security market is estimated to reach USD 2.73 Million in 2022. As per the report, sales are forecast to increase at a robust 2.00% CAGR, with the market valuation reaching USD 6.7 Million by 2032. Total sales in the tourism security market represent 4% - 6% of the global tourism market.
| Attribute | Details |
|---|---|
| Tourism security Market Estimated Size (2022) | USD 2.73 Million |
| Tourism security Market Projected Size (2032) | USD 6.7 Million |
| Tourism security Market Value-based CAGR (2022 to 2032) | 2.00% |
| Tourism security Market Top Players Share in 2021 | 4% - 6% |
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Safety and Security in the tourism industry
Safety and Security are the least expected basic needs of travelers. The tourism industry is crucial for both security management and tourism. Private security agencies and police security services are hired for hotels, restaurants, theme parks, and also on historical places, security services are essential for safety concern issues in these major attractions places. The tourism industry is the biggest source of the economic market. The tourism industry has to be more concerned about safety security and surety of safe travels. Moreover, the success of the tourist destination is depending on its safe and secure environment given to the travelers.
According to the UNWTO committee on Tourism and competitiveness; safety refers to the measures taken to shield visitors and other people from circumstances where they might feel in danger due to crime, accidents, or emergency situations. The impact of security reasons affects the tourism industry badly. Impacts are divided into six categories i.e., impact on the destination, impact on tourist’s behavior, impact on the tourism industry, impact on host government, impact on the government of generating markets, and media behavior. The concern for safety and security is important for the image of travel destinations and travelers’ satisfaction.
The Middle East and Africa have improved their tourism and travel security, international travelers continue to grow. Tourism security are focusing on ICT Infrastructures, lowering prices, improvement in partial openings, and improvement in cultural heritage, and creating better conditions for travelers. The biggest challenge in the tourism and travel industry is security, preventing the regions to achieve stronger growth. There are differences in the regions, the middle east, and Africa are the least homogeneous regions. While some other regions are low in security indicators such as Oman, United Arab Emirates, and Qatar ranking 10 as the safest economy globally among all with little terrorism.
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Government Initiatives Expected to Boost the Tourism Security in MEA
As per FMI, sales in the tourism security market are expected to grow at a CAGR of 2.00% over the forecast period.
The following indicators were used for the safety and security situation in selected countries: the Global Peace Index (presented by IEP), Global Terrorism Index (submitted by IEP), Human Development Index (presented by UNDP), and Travel and Tourism Competitiveness Index (presented by WEF). The global economy depends heavily on the tourism industry, terrorism embodying its darkest side. Both tourism and terrorism are linked. Recent terrorist activities are mostly planned in public places like airports and national borders. Thus tourism is being affected so badly. On the other hand, many tourist spots are positioned close to nationally and politically essential elements or statues; hence, tourists became an easy target of terrorists.
The Middle east most visited Religious sites
The growth of tourism in religious places is compelled the KSA authority to provide the best hospitality to travelers. The middle east is the most religious site visited by 50% of the population some sites are more significant and more visited than others. Regardless of religious faith, or whether they believe it or not, everyone in the world acknowledged 12 different faiths (Baha’i, Buddhism, Christianity, Confucianism, Hinduism, Islam, Jainism, Judaism, Shinto, Sikhism, Taoism, and Zoroastrianism). Religious tourism place is not only religious but also a tourist destination. EX; European monasteries. Growth of regional religious places by offerings tour packages and complimentary products and services.
Social and political issues are affecting tourism in Yugoslavian countries
Political and social instability often takes the shape of military coups, bloody protests, revolutions, and other kinds of resistance. Such occurrences could be caused by a variety of factors, including incompetent government, political abusing power, corruption, and a failing state. Institutions and the public sector's lack of accountability. They frequently result in the breakdown of the country, or at the very least, Governmental collapse. It is best for developers to use the latter, arms smuggling, terrorist attacks, war circumstances, and organized crime, which are all crucial elements in growth Having an unattractive image detracts from one's overall beauty. These and comparable societal upheavals will lead to a decline in foreign arrivals, regardless of the actual severity of the threats to travelers.
Safety and security issues in the Tourism Security
Security is the collection of actions used to protect against hostile acts that aim to cause extensive harm and cause the most economic disturbance against criminal activity, an attack, espionage, or sabotage. Safety refers to the measures taken to keep visitors and industry personnel from being exposed to circumstances where they may feel personally in danger as a result of crime crises and accidents. The impact of security incidents on the tourism industry, the destination, the local community, and the visitors is, in most cases, negative and multifaceted.
Online Booking is More Preferred by Tourists
Tourism has grown in popularity as a result of the simplicity with which it can be booked and made available through online platforms. Online booking is now more popular with all those to avoid the hassle, stressful, and expensive process of booking tickets in person. Online booking payments are also fast and easily done for travelers or mobile application platform since it provides a straightforward, hassle-free digital payment transfer, as well as live tracking and improved security. Furthermore, travelers may use the internet to search for and compare information on vacation locations, lodging, restaurants, and other aspects, making online booking a more popular approach around the world.
The popularity of Tourism security among Middle-aged People Will Remain High
Since this age group is more likely to visit tourist attractions and is more interested in visiting adventure sites, it is anticipated that the number of tourists in the 26-35 age range would increase dramatically. Consumers in this segment place a high value on recreational and adventure activities such as sightseeing, scuba diving, exploring various islands, etc., and are inclined towards visiting popular sites according to the destination ratings.
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Leading players operating in the tourism security market are globally in the market and improving their offerings by providing big discounts, new tour locations and packages, and security surety in order to gain a competitive edge in the market.
For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Region Covered | Middle east and Africa |
| Key Countries Covered | Saudi Arabia, Bahrain, Jordan, Oman, and Kuwait |
| Key Segments Covered | Type of safety issues, Booking Channel, Tourist Type, Tour Type, Age Group, and Region. |
| Key Companies Profiled | Olive Group; Triple Canopy; Control Risks; United Healthcare Global; MEDEX Global Solutions and among others |
| 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 tourism security market is expected to reach a valuation of USD 2.73 Million in 2022.
Growing popularity of religious places, new tour launches, customized tours and increasing mergers and acquisitions etc. are the key trends driving sales in the market.
Leading players operating in the tourism security market are Olive Group, Triple Canopy, Control Risks, United Healthcare Global, MEDEX Global Solutions and among others
Leading players in the tourism security market are estimated to account for approximately 4-6% of the total market share.
1. Executive Summary | Middle East and Africa Tourism Security Market 2. Market Introduction 3. Global Tourism Industry Analysis 4. Market Dynamics 5. Market Background 6. Categorizing of Market, 2021 6.1. Current Market Analysis By Type of Safety Issues (% of Demand) 6.1.1. Tourism and Security Issues 6.1.2. Tourism and Crime Issues 6.1.3. Tourism and Safety Issues 6.1.4. Tourism Crises Management Issues 6.2. Current Market Analysis By Age Group (% of Demand) 6.2.1. 15-25 Years 6.2.2. 26-35 Years 6.2.3. 36-45 Years 6.2.4. 46-55 Years 6.2.5. 66-75 Years 6.3. Current Market Analysis By Booking Channel (% of Demand) 6.3.1. Phone Booking 6.3.2. Online Booking 6.3.3. In-Person Booking 6.4. Current Market Analysis By Tourism (% of Demand) 6.4.1. Cultural & Heritage Tourism 6.4.2. Medical Tourism 6.4.3. Eco/Sustainable Tourism 6.4.4. Sports Tourism 6.4.5. Wellness Tourism 6.4.6. Others 6.5. Current Market Analysis By Country (% of Demand) 6.5.1. Bahrain 6.5.2. Jordan 6.5.3. Egypt 6.5.4. Israel 6.5.5. Kuwait 6.5.6. Saudi Arabia 7. Social Media Sentimental Analysis 8. Consumer Sentiment Analysis 9. Competition Analysis 9.1. Olive Group 9.2. Triple Canopy 9.3. Control Risks 9.4. United Healthcare Global 9.5. MEDEX Global Solutions 9.6. Others (As Per Request) 10. Assumptions and Acronyms Used 11. Research Methodology
Travel and Tourism
May 2024
REP-MM-3650
314 pages
Travel and Tourism
April 2024
REP-GC-3012
333 pages
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Middle East and Africa Tourism Security Market
