As per newly released data by Future Market Insights (FMI), mountain and snow tourism is estimated at USD 4.9 billion in 2023 and is projected to reach USD 8 billion by 2033, at a CAGR of 5% from 2023 to 2033.
| Attribute | Details |
|---|---|
| Estimated Mountain and Snow Tourism Market Size 2023 | USD 4.9 billion |
| Projected Mountain and Snow Tourism (2033) Market Size | USD 8 billion |
| Value CAGR (2023 to 2033) | 5% |
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For many years, the tourism industry has witnessed the huge participation of travelers and is expected to grow with tourism trends. Meanwhile, the rising disposable in the hands of travelers leverages them to participate in leisure fun activities, to explore and discover new places and afford tours. Mountain and snow tourism has received a great response from travelers in last few years. Mountain and snow tourism is based in remote regions far away from the city. Hence it allows visitors to come out of the hectic city environment and enjoy their leisure activities peacefully. Mountain and snow tourism is operational in summer as well as in winter conducting various different activities throughout the season. Hence there is a great demand for mountain and snow tourism from visitors.
| Historical CAGR % (2018 to 2022) | 3.8% |
|---|---|
| Forecast CAGR % (2023 to 2033) | 5% |
People are gradually becoming more conscious of their physical and mental well-being. Due to the growing problems with stress, diabetes, heart disease, and other health-related mental and physical issues, people are becoming more health concerned today. Therefore, tourists intend to choose adventurous outdoor activities. Skiing, trekking, and horse riding are a few of the sports that are attracting huge audiences. Apart from this, the mountain and snow tour agencies are framing strategies by partnering with gyms, yoga clubs, and other fitness institutions for events like trek, mountain climbing, etc., and promoting mountain and snow tourism. Hence the fitness trends of healthy life are generating the demand for mountain and snow tourism market in the tourism industry.
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Mountain and snow tourism destinations are selected based on a variety of factors, including climate, resource accessibility, transport convenience, ecological sustainability, conservation initiatives, and dependency on the environment. Other than this, travel agencies are taking various initiatives for the safety and measures of travelers and also the environment. The tour agencies are using green practices for the safety of the environment and to maintain the ecological balance. The tour agencies are partnering with eco-hotels for accommodation services while guiding and educating travelers toward green practices. Meanwhile, for travelers’ safety, the travel agencies are organizing training camps for mountain and snow activities training. Apart from this, the tour companies are also introducing certified instructors along with a safety team for the safety of travelers. Hence such precautionary arrangements toward environment and traveler safety attract travelers to mountain and snow tourism.
Most of the mountain and snow tours are organized far away from the cities nearby to the villages. Therefore, the mountain and snow tour organizers get an opportunity to diversify their business activities to enhance customer experience. With ample space availability, the travel agencies, the hospitality providers of the mountain and snow tourism market focus on expansions of their business verticals such by adding additional sports activities organizing various cultural and fun events, and developing infrastructure by adding certain new amenities such as spa and yoga centers, indoor gaming zones, etc. to provide the enhanced service feel to their customers. This results in a wide selection of services for a traveler to tag in along with the mountain and snow sports activities.
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Government Initiatives on Infrastructural Development in Northern Part of India to Drive the Mountain and Snow Tourism Market in India
| Country | India |
|---|---|
| Forecast CAGR % (2023 to 2033) | 6% |
The rich culture of India is explored, studied, and discovered by millions of tourists every year. India is one of the world's largest travel and tourist market. Thus, the Indian government is making several attempts to construct the best infrastructure, including roads, connections, upgraded railways, and different services. The Himalayan region is full of snow-capped mountains, and tourists come from all over the world to explore the Himalayas and the northern region of India. It is one of India's most well-known tourist destinations. This area is home to several mountains and snow tourism businesses. In addition, the government of India has taken various initiatives like launching various modes of transport such as the Vande Bharat train and building the Atal Tunnel for smooth connectivity in between hilly areas.
The Trend and Promotional Activities Help to Drive the Sales for Mountain and Snow Tourism in United States of America
| Country | The United States |
|---|---|
| Market Share % (2022) | 3% |
The United States of America has many attractive places for snow and mountain tourism and every year various travelers visit the United States to experience and enjoy the snow and mountain activities. It is the home of one of the largest ski resorts in the world such as park city, big sky resorts, Snowmass, steamboat, and others. Also, there is a rising trend of Appalachian ski mountain ranges among United States travelers. Apart from this, various gyms and fitness clubs promote events of trekking and mountain sports eventually. Thus, it can be concluded that there is a wide scope for mountain and snow tourism in the United States.
Mountain and Snow Tourism is Preferred by All Tour Types
According to the analysis, in terms of tour type, mountain and snow tourism is preferred by all kinds of travelers be it an individual traveler, group traveler, or family tour. The tourists are drawn to the mountain and snow tourism by the atmosphere, the activities, the additional attributes like the mountain's height, the calm and refreshing scenery, the mindset toward rural development, and the initiatives addressing ecological development.
Tourist From Young Age Group and Middle Age Group is Projected to Increase Significantly
The number of visitors between the ages of 15 and 25 and 26 and 35 is anticipated to increase because the above traveler segment is youthful, full of enthusiasm, and capable of engaging in snow and mountain sports. Furthermore, the specific age group is attracted to the trends of mountaineering, campaigning, and other activities. Social media helps to create a huge impact in encouraging the youth to visit such destinations. Lastly, the promotional strategy, marketing tools, and deals from tour agencies attract youths to opt for mountain and snow tourism.
Online Booking is Generally More Preferred by the Tourist
| Segment | Online Booking |
|---|---|
| Market Share % (2022) | 25% |
In terms of booking channels, the online booking channel is preferred as compared to other booking channels. In the world of the digital era travel agencies are taking advantage of online platforms by introducing innovative and attractive websites making in available on phones and laptops. The companies are providing 3D views or virtual tours of the trip to attract travelers. Meanwhile, the modern age traveler is tech-savvy and searches for a better and more convenient way to plan their trip. The online platforms include price comparisons, detailed synopsis of the destination, attractive deals, guidelines, reviews, and many other things. Furthermore, the agencies also provide travel assistance on online platforms. Such practices and facilities attract travelers to make use of online platforms for booking mountain and snow tours.
Leading players operating globally in the market are focusing on the expansion of new verticals to expand their business and create innovative systems to measure their environmental impact.
For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania & Middle East; and Africa |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Argentina, Colombia Germany, the United Kingdom, France, Italy, Russia, South Africa, United Arab Emirates, Egypt, Jordan China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Philippines, Cambodia, Vietnam Australia & New Zealand |
| Key Segments Covered | Services Type, Booking Channel, Tour Type, Tourist Type, Consumer Orientation, Age Group, and Region |
| Key Companies Profiled |
Veena World; Epic Snow; Snow Tours; Thomas Cook India; Trip Advisor; Travel Triangle; Make My Trip; Bookmoutain Tours; Flying Fox; White Magic Adventure Travel; Mountain Watch Travel |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is pegged to achieve US$ 8 billion by 2033.
The market is expected to expand at a CAGR of 5%.
Veena World, Epic Snow, and Snow Tours show considerable sales.
Mountain biking, skiing, and camping, etc., are popular mountain-based tourism activities.
Increasing government initiatives are expected to assist market players to enhance their market reach.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Services Types 5.1. Skiing 5.2. Trekking 5.3. Rides 5.4. Sledding 5.5. Snowmobiling 5.6. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Booking Channel 6.1. Online Booking 6.2. In-Person Booking 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tourist Type 7.1. Domestic 7.2. International 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tour Type 8.1. Independent Traveler 8.2. Group Trip 8.3. Family Trip 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Consumer Orientation 9.1. Men 9.2. Women 9.3. Children 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Age Group 10.1. 15-25 Years 10.2. 26-35 Years 10.3. 36-45 Years 10.4. 46-55 Years 10.5. 56-65 Years 10.6. 66-75 Years 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. South Asia and Pacific 11.6. East Asia 11.7. Middle East and Africa 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 19. Key Countries Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. Veena World 21.2. Epic Snow 21.3. Snow Tours 21.4. Thomas Cook India 21.5. Trip Advisor 21.6. Travel Triangle 21.7. Make My Trip 21.8. Bookmoutain Tours 21.9. Flying Fox 21.10. White Magic Adventure Travel 21.11. Mountain Watch Travel 22. Assumptions & Acronyms Used 23. Research Methodology
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Mountain and Snow Tourism Market
