International tourism, receipts (current US$) in Canada was reported at 21978000000 USD in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - International tourism, receipts - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

International tourism, receipts (% of total exports) in Canada was reported at 3.9927 % in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - International tourism, receipts (% of total exports) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The size of the United States and Canada educational tourism market was USD 34.5 billion in 2025 and is anticipated to grow at a 12.9% CAGR during the period 2025 to 2035.

Country-wise analysis

Country	CAGR (2025 to 2035)
USA	6.1%
Canada	5.4%

Competitive Outlook

Company Name	Market Share (%)
EF Education First	18-23%
IDP Education	14-18%
KILROY	10-14%
Cross Cultural Journeys	7-10%
Education Resources Network	6-9%
Other Key Players (Combined)	30-35%

Ireland Tourism Expenditure: Overnight Foreign Visitors: USA and Canada: Accommodation data was reported at 47.600 EUR mn in Mar 2025. This records an increase from the previous number of 14.000 EUR mn for Feb 2025. Ireland Tourism Expenditure: Overnight Foreign Visitors: USA and Canada: Accommodation data is updated monthly, averaging 72.600 EUR mn from Jan 2023 (Median) to Mar 2025, with 27 observations. The data reached an all-time high of 149.600 EUR mn in Sep 2024 and a record low of 14.000 EUR mn in Feb 2025. Ireland Tourism Expenditure: Overnight Foreign Visitors: USA and Canada: Accommodation data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s Ireland – Table IE.Q005: Tourism Revenue and Expenditure.

Ireland Tourism Expenditure: Overnight Foreign Visitors: USA and Canada data was reported at 155.700 EUR mn in Mar 2025. This records an increase from the previous number of 56.800 EUR mn for Feb 2025. Ireland Tourism Expenditure: Overnight Foreign Visitors: USA and Canada data is updated monthly, averaging 208.300 EUR mn from Jan 2023 (Median) to Mar 2025, with 27 observations. The data reached an all-time high of 440.700 EUR mn in Sep 2024 and a record low of 56.800 EUR mn in Feb 2025. Ireland Tourism Expenditure: Overnight Foreign Visitors: USA and Canada data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s Ireland – Table IE.Q005: Tourism Revenue and Expenditure.

International tourism, receipts for travel items (current US$) in Canada was reported at 11256000000 USD in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - International tourism, receipts for travel items - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Report Attribute/Metric	Details
Market Value in 2025	USD 671 billion
Revenue Forecast in 2034	USD 2.32 unknown unit
Growth Rate	CAGR of 14.8% from 2025 to 2034
Base Year for Estimation	2024
Industry Revenue 2024	585 billion
Growth Opportunity	USD 1.7 unknown unit
Historical Data	2019 - 2023
Forecast Period	2025 - 2034
Market Size Units	Market Revenue in USD billion and Industry Statistics
Market Size 2024	585 billion USD
Market Size 2027	884 billion USD
Market Size 2029	1.17 unknown unit USD
Market Size 2030	1.34 unknown unit USD
Market Size 2034	2.32 unknown unit USD
Market Size 2035	2.67 unknown unit USD
Report Coverage	Market Size for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments Covered	Age Group, Purpose of Travel, Stay Duration, Budget
Regional Scope	North America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country Scope	U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Top 5 Major Countries and Expected CAGR Forecast	U.S., UK, Australia, Canada, Germany - Expected CAGR 13.3% - 17.7% (2025 - 2034)
Top 3 Emerging Countries and Expected Forecast	Vietnam, Kenya, Jordan - Expected Forecast CAGR 10.3% - 15.5% (2025 - 2034)
Top 2 Opportunistic Market Segments	Language Learning and Historical & Cultural Learning Purpose of Travel
Top 2 Industry Transitions	Digital Transformation, The Rise of Sustainability Practices
Companies Profiled	Intrepid Travel, EF Education First, STA Travel, WorldStrides, Kaplan International Languages, StudentUniverse, Rustic Pathways, Tourism Australia, Projects Abroad, Brightspark Travel, Broadreach and Ciee
Customization	Free customization at segment, region, or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement (10% of report value)

Snapshot img

Sports Tourism Market Size 2025-2029

The sports tourism market size is forecast to increase by USD 701.6 billion at a CAGR of 12.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing number of sporting events and the development of virtual reality technology. These factors are creating new opportunities for businesses to engage fans and tourists alike, offering immersive experiences that extend beyond the physical event. However, market expansion is not without challenges. Regulatory hurdles and financial constraints have led to the cancelation of several sports events, tempering growth potential. Despite these obstacles, companies can capitalize on the market's momentum by focusing on innovative solutions and strategic partnerships. The integration of technology, such as virtual reality, into sports tourism offerings, can help mitigate the impact of event cancellations and provide fans with unique experiences that transcend geographical boundaries.
Additionally, collaborations with sports organizations and travel agencies can expand reach and create new revenue streams. By staying attuned to market trends and addressing challenges proactively, businesses can effectively navigate the dynamic sports tourism landscape and seize opportunities for growth.

What will be the Size of the Sports Tourism Market during the forecast period?

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The market is experiencing significant growth and innovation, with digital marketing playing a pivotal role in reaching consumers. Mountain biking and ski resorts are popular attractions, driving demand for adventure tourism. Sporting events and festivals serve as key catalysts, boosting destination marketing and tourism branding. Tourism infrastructure development is crucial for accommodating the increasing number of visitors.
Sports tourism certification ensures adherence to industry standards, enhancing consumer trust. Sports governing bodies and associations collaborate to create a harmonious environment, fostering growth in the sports tourism sector. Ski resorts and mountain biking trails leverage digital marketing strategies, adhering to

How is this Sports Tourism Industry segmented?

The sports tourism industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Domestic sports tourism
  International sports tourism


Product

  Soccer tourism
  Cricket tourism
  Tennis tourism
  Others


Area

  Passive sports tourism
  Active sports tourism


Destination

  Urban Centers
  Coastal Regions
  Mountain Areas


Travel Services

  Tour Packages
  Accommodation


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The domestic sports tourism segment is estimated to witness significant growth during the forecast period.

The market is characterized by the participation and attendance of domestic tourists at various sports events within their countries. Domestic sports tourism encompasses expenditures on hospitality, merchandise, and transportation related to these events. The convenience of intra-region transportation and the use of uniform regional currencies contribute to the popularity of domestic sports tourism. Professional sports leagues and teams facilitate fan travel between venues, further increasing domestic tourist attendance. Fitness events, water sports, mountain biking, golf courses, and adventure tourism are popular domains within sports tourism. Tourism stakeholders invest in tourism infrastructure, sports facilities, and digital marketing to attract and engage tourists.

Sustainability and environmental impact are becoming significant considerations in sports tourism development. Amateur sports, spectator events, and sports training also contribute to the market's growth. Social media marketing, customer relationship management, and online booking platforms streamline the tourist experience. Sports apparel, equipment, and mobile apps cater to the needs of active holidaymakers. Tourism policy and partnerships play a crucial role in sports tourism promotion and investment. Sports tourism development continues to evolve, integrating data analytics and event management to enhance the overall tourist experience.

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The Domestic sports tourism segment was valued at USD 546.90 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio

Ireland Tourism Expenditure: Overnight Foreign Visitors: USA and Canada: Day-to-Day Expenditure data was reported at 50.700 EUR mn in Mar 2025. This records an increase from the previous number of 19.500 EUR mn for Feb 2025. Ireland Tourism Expenditure: Overnight Foreign Visitors: USA and Canada: Day-to-Day Expenditure data is updated monthly, averaging 65.600 EUR mn from Jan 2023 (Median) to Mar 2025, with 27 observations. The data reached an all-time high of 133.800 EUR mn in Jun 2024 and a record low of 19.500 EUR mn in Feb 2025. Ireland Tourism Expenditure: Overnight Foreign Visitors: USA and Canada: Day-to-Day Expenditure data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s Ireland – Table IE.Q005: Tourism Revenue and Expenditure.

The global film tourism industry is expected to grow from USD 66.2 billion in 2025 to USD 145.9 billion by 2035, at a CAGR of 8.2%. Key factors driving the market growth include growing fan base of famous characters, up-surge in streaming platforms, and the increasing popularity of blockbuster franchises.

Attribute	Details
Current Market Size (2024)	USD 61.1 Billion
Estimated Market Size (2025)	USD 66.2 Billion
Projected Market Size (2035)	USD 145.9 Billion
Value CAGR (2025 to 2035)	8.2%
Current Market Size (2024)	USD 61.1 Billion

Movie Enthusiasts Drive Revenue Generation in Film Tourism

Countries	Domestic Film Tourists (%)
United States	USA: 55%
United Kingdom	UK: 50%
France	France: 60%
Japan	Japan: 70%
South Korea	S. Korea: 65%
Australia	Australia: 55%
New Zealand	N. Zealand: 40%
Spain	Spain: 50%
Canada	Canada: 58%
Italy	Italy: 53%

Countries	International Film Tourists (%)
United States	USA: 45%
United Kingdom	UK: 50%
France	France: 40%
Japan	Japan: 30%
South Korea	S. Korea: 35%
Australia	Australia: 45%
New Zealand	N. Zealand: 60%
Spain	Spain: 50%
Canada	Canada: 42%
Italy	Italy: 47%

Report Attribute/Metric	Details
Market Value in 2025	USD 1.4 billion
Revenue Forecast in 2034	USD 2.8 billion
Growth Rate	CAGR of 8.0% from 2025 to 2034
Base Year for Estimation	2024
Industry Revenue 2024	1.3 billion
Growth Opportunity	USD 1.5 billion
Historical Data	2019 - 2023
Forecast Period	2025 - 2034
Market Size Units	Market Revenue in USD billion and Industry Statistics
Market Size 2024	1.3 billion USD
Market Size 2027	1.6 billion USD
Market Size 2029	1.9 billion USD
Market Size 2030	2.1 billion USD
Market Size 2034	2.8 billion USD
Market Size 2035	3.0 billion USD
Report Coverage	Market Size for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments Covered	Tour Type, End-User, Skill Level, Tour Duration, Booking Method
Regional Scope	North America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country Scope	U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Top 5 Major Countries and Expected CAGR Forecast	U.S., Canada, Australia, New Zealand, UK - Expected CAGR 5.8% - 8.4% (2025 - 2034)
Top 3 Emerging Countries and Expected Forecast	Vietnam, South Africa, Ecuador - Expected Forecast CAGR 7.7% - 10.0% (2025 - 2034)
Top 2 Opportunistic Market Segments	Nature Enthusiasts and Family Vacationers End-User
Top 2 Industry Transitions	The Advent of EcoFriendly Practices, Digitization and Personalization
Companies Profiled	REI Adventures, Nantahala Outdoor Center, Wilderness Inquiry, Island Expeditions, ROW Sea Kayak Adventures, Adventure Kayak, Sea Trek, Southern Sea Ventures, Anadyr Adventures, Aqua Explorers, Kayak Adventures Worldwide and Kayaking Puerto Rico
Customization	Free customization at segment, region, or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement (10% of report value)

Snapshot img

Art Tourism Market Size 2025-2029

The art tourism market size is forecast to increase by USD 8.3 billion at a CAGR of 3.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing affordability of travel and the rise in cultural exchange and diversity. This trend is fueled by the growing appreciation for art and heritage among travelers, leading to a surge in demand for art-focused tours and experiences. However, the market faces challenges that require careful navigation. One such challenge is the lack of local engagement between tour operators and artists, which can hinder the authenticity and quality of offerings. Additionally, regulatory hurdles in certain regions can impact adoption and require compliance, while supply chain inconsistencies can temper growth potential. Cultural immersion and artistic experiences are no longer niches but essential components of modern travel market, making the market an exciting space for innovation and growth.
To capitalize on market opportunities and navigate these challenges effectively, companies must prioritize building strong relationships with local artists and regulators, ensuring a reliable and consistent supply chain, and offering unique and authentic experiences to differentiate themselves in the market.

What will be the Size of the Art Tourism Market during the forecast period?

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In the dynamic and evolving landscape of the tourism industry, art tourism emerges as a significant contributor to revenue generation and cultural exchange. This segment caters to the growing demands of art enthusiasts seeking authentic artistic experiences. cultural tourism, fueled by traveling masterpieces and regional locations, offers a unique pitch for non-tourist spots. Art festivals serve as platforms for artistic exploration and cultural immersion, attracting international artists and collectors. Museum curators play a pivotal role in showcasing famous museums as hubs of artistic expression and cultural identity. Culinary events, concerts, and art packages further enhance the artistic experiences, providing a holistic approach to cultural exploration.
Creative industries, including art galleries and wine events, offer lucrative revenue opportunities in the global tourism market. Gallery owners capitalize on the artistic inspiration derived from cultural heritage, fostering a vibrant ecosystem for artistic traditions to thrive. The fusion of artistic influence, cultural exchange, and revenue generation propels the market forward, offering a rich tapestry of experiences for businesses and travelers alike.

How is this Art Tourism Industry segmented?

The art tourism industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  C and P
  Events and exhibitions
  Art galleries and museums
  Film festivals


Consumer

  International
  Domestic


Geography

  North America

    US
    Canada


  Europe

    France
    Italy
    Spain
    UK


  APAC

    Australia
    China
    India
    Japan


  Rest of World (ROW)

By Type Insights

The c and p segment is estimated to witness significant growth during the forecast period.

The market is a thriving industry that connects travelers with cultural identity and artistic expression across the globe. This market encompasses various segments, including cultural preservation, economic impact, art collectors, travel experiences, cultural exchange, concerts, artistic appreciation, and more. Cultural preservation plays a crucial role in showcasing artistic traditions and heritage, while economic impact highlights the revenue generation and opportunities for creative industries. Art collectors seek unique discoveries and artistic diversities, driving demand for art packages and galleries. Traveling art, such as cultural pitches and artistic engagements, offers immersive experiences for art enthusiasts. Regional locations and global tourism offerings provide a harmonious blend of artistic exploration and cultural exchange.

Cultural events, like museum visits and wine events, attract tourists to famous museums and artistic communities. Artistic influence and expression are evident in the collaborative efforts of gallery owners, museum curators, and international artists. Artistic inspiration is a constant theme in cultural tourism, with masterpieces and artistic legacies drawing visitors to non-tourist spots. Creative tourism experiences, including artistic experiences and creative industries, provide a platform for tourists to engage with local artistic communities and learn about cultural diversity. The tourism industry benefits from the revenue opportunities generated by art tourism, making it an essential contribu

The North American market for museums, historical sites, zoos, and parks is a substantial and rapidly growing sector, projected to reach $25.05 billion in 2025 and exhibiting a robust Compound Annual Growth Rate (CAGR) of 16.08% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, increasing disposable incomes and a growing preference for experiential tourism are boosting visitor numbers. Secondly, innovative marketing strategies, including digital engagement and themed events, are attracting broader demographics. Finally, a heightened awareness of environmental conservation and historical preservation encourages visits to nature parks and historical sites. However, the market faces challenges. Economic downturns can impact discretionary spending, influencing attendance. Furthermore, effective management of infrastructure, ensuring visitor safety and accessibility, and addressing environmental concerns, are ongoing priorities. The market is segmented by type (museums, historical sites, zoos, parks, other), revenue source (tickets, food & beverage, other), and geography (USA, Canada, Rest of North America). The United States dominates the market due to its extensive network of attractions and large tourist population, followed by Canada. The "other" revenue segment likely includes memberships, educational programs, gift shop sales, and rentals, and is expected to grow significantly due to its potential for diversification. The forecast period (2025-2033) suggests continued growth, driven by ongoing investment in infrastructure improvements, enhanced visitor experiences, and the continued popularity of educational and leisure tourism. The diverse nature of the attractions within this market allows for significant potential in niche marketing and targeted outreach. Competition among individual attractions remains significant, highlighting the need for continuous innovation and strategic management to capture market share. The geographic breakdown suggests that while the US represents the largest portion, the rest of North America has room for growth through increased investment and tourism promotion. Future growth will be influenced by factors such as government policies supporting tourism and preservation, successful engagement of younger audiences, and the adoption of sustainable practices. Recent developments include: March 2023: The Columbus Zoo and Aquarium and The Wilds, its wildlife conservation center, announced a capital spending program to stretch over the next 12 to 18 months. Projects include improved animal well-being, enhanced guest experiences, and additional lodging. Approximately $32.5 million is set aside for the redevelopment of the North American region., January 2023: Houston Zoo announced to welcome of penguins and sharks at the Galápagos Islands exhibit. The Houston Zoo will soon be home to a first-of-its-kind exhibit showcasing the remarkable wildlife of the Galápagos Islands. After exceeding their $150 million goal for the "Keeping Our World Wild" centennial fundraising campaign, zoo officials announced the Friday, April 7 opening date for the major exhibit they say will immerse visitors in the environments evoking the archipelago's unique landscapes and oceanic habitats as well as highlight efforts to conserve and protect it.. Notable trends are: Significance of Historical Sites Nurturing North America's Cultural and Economic Landscape.

Room revenues and number of active properties subject to MRDT by jurisdiction. Most recent data available is for February 2025. Source: BC Stats and Ministry of Finance; June 2025.

Before the pandemic, hotels and motels benefited from rising incomes and population growth. However, hotel rooms were left empty when the pandemic shut down tourism, creating long-lasting financial and operational challenges. Long periods at home left consumers with savings and pent-up demand to spend on trips as travel restrictions lifted, leading to a rapid recovery at hotels between 2022 and 2023. Nonetheless, concerns about a recession and inflation partially stifled Canadian consumers' appetite for travel, lowering the full potential of revenue growth. In 2025, the threat of a potential trade war between Canada and the United States could have a negative impact on travel demand overall. Therefore, industry revenue is expected to grow at a CAGR of 15.1% over the past five years, totaling an estimated $33.4 billion in 2025, when revenue will rise an expected 3.5%. This significant growth rate reflects the industry's rebound from its historical low in 2020. In the same year, profit is also anticipated to account for 18.5% of revenue. Rising competition is one of the main challenges facing hotels and motels. Short-term rental platforms have become a disruptor to traditional hotel stays. Airbnb has become a popular destination for travelers in Canada looking for unique experiences. However, recent efforts by the Canadian government could lessen Airbnb's influence moving forward. Housing shortages are prompting officials in Montreal and Toronto, two major tourist destinations, to attempt to remove illegal Airbnb units or ban the rental site altogether. At the same time, Canada's foreign home ownership ban, extending until the end of 2024, prohibits non-residents from purchasing residential property for personal use or renting as a vacation home. Hotels and motels will contend with labour supply issues over the next five years as access to temporary low-wage foreign workers become limited and domestic workers demand higher compensation, putting hoteliers in a difficult situation. Therefore, trends accelerated by the pandemic, like hotels' digital transformation, will permanently alter and benefit the industry. Innovation will be critical for hotels to manage operational challenges, strengthen profit and address guests' evolving preferences. Hotels and motels' revenue is expected to expand at a CAGR of 1.6% to $36.2 billion over the five years to 2030.

Ireland Tourism Expenditure: Overnight Foreign Visitors: USA and Canada: Prepayments data was reported at 4.000 EUR mn in Mar 2025. This records an increase from the previous number of 1.500 EUR mn for Feb 2025. Ireland Tourism Expenditure: Overnight Foreign Visitors: USA and Canada: Prepayments data is updated monthly, averaging 7.200 EUR mn from Jan 2023 (Median) to Mar 2025, with 27 observations. The data reached an all-time high of 25.700 EUR mn in Sep 2024 and a record low of 0.500 EUR mn in Feb 2023. Ireland Tourism Expenditure: Overnight Foreign Visitors: USA and Canada: Prepayments data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s Ireland – Table IE.Q005: Tourism Revenue and Expenditure.

Snapshot img

Business Travel Market Size 2025-2029

The business travel market size is forecast to increase by USD 4867.6 billion, at a CAGR of 38.3% between 2024 and 2029.

The market is experiencing significant shifts, driven by the increasing adoption of advanced technologies and the evolving preferences of consumers. Technological innovations, such as online travel agencies and digital booking platforms, are revolutionizing the way businesses plan and manage their travel arrangements. This trend is further fueled by the growing popularity of online video conferencing platforms, enabling remote work and virtual meetings, thereby reducing the need for extensive business travel. Meanwhile, challenges persist in the form of data security concerns and complex travel policies. With the rise of digital booking platforms, ensuring secure transactions and protecting sensitive business data becomes paramount.
Additionally, managing complex travel policies across diverse teams and locations can be a daunting task, requiring robust solutions to streamline the process and maintain compliance. Companies seeking to capitalize on the opportunities presented by the evolving business travel landscape must focus on addressing these challenges effectively, while leveraging technology to enhance travel management efficiency and productivity.

What will be the Size of the Business Travel Market during the forecast period?

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The market continues to evolve, with dynamic market activities shaping the landscape across various sectors. Premium economy travel and loyalty programs are increasingly popular, offering enhanced comfort and rewards for frequent business travelers. Flight booking and travel procurement platforms streamline the process, while travel agent services provide expert assistance. Eco-friendly travel options gain traction, aligning with sustainability initiatives. Travel reporting and analytics enable effective business travel management, ensuring policy compliance and cost control. Business class travel, travel concierge services, and ground transportation options cater to the needs of corporate travelers.

Travel technology advances, integrating travel policy compliance, travel risk management, and expense management systems. Bleisure travel, frequent flyer programs, travel rewards, and travel technology further enrich the business travel experience. The ongoing unfolding of market activities underscores the importance of staying informed and adaptable in this ever-evolving landscape.

How is this Business Travel Industry segmented?

The business travel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Marketing
  Internal meeting
  Trade show
  Product launch


Type

  Travel fare
  Lodging
  Dining
  Others


Service Type

  Transportation (Air, Rail, Car)
  Accommodation
  Meetings and Events


Booking Type

  Online Travel Agencies
  Direct Bookings
  Corporate Travel Management Companies


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The marketing segment is estimated to witness significant growth during the forecast period.

Business travel plays a pivotal role in the international marketing efforts of both small and large enterprises. This involves employees traveling to overseas markets to promote products and services, expand customer bases, and build brand reputation. Travel itinerary management and security are essential considerations to ensure the safety and productivity of business travelers. Duty of care and traveler tracking are crucial components of travel risk management, while travel insurance provides financial protection. Travel consolidators offer cost savings through bundled services, including flights, ground transportation, hotels, and car rentals. Carbon offsetting and eco-friendly travel options are increasingly important for companies committed to sustainability.

Travel data analytics enable businesses to make informed decisions on travel procurement and policy compliance. Premium economy travel and business class offerings cater to the needs of frequent travelers, while loyalty programs and travel rewards provide incentives. Travel technology, including travel booking platforms and expense management systems, streamline the travel process. Airport lounges and travel concierge services enhance the travel experience. First class travel and corporate travel policies cater to execut

Access North America Travel Size Toiletries Industry Overview which includes North America country analysis of (United States, Canada, Mexico), market split by Type, Application, Distribution Channel, Packaging

The Canada Hospitality Industry Report is Segmented by Type (Chain Hotels and Independent Hotels) and Segment (Service Apartments, Budget and Economy Hotels, Mid and Upper Mid-Scale Hotels, And Luxury Hotels). The Report Offers Market Size and Forecast for the Canada Hospitality Market in Value (USD Billion) for all the Above Segments.

According to Cognitive Market Research, the global Space Tourism market size will be USD 895.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 45.10% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 358.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 43.3% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 268.6 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 205.9 million in 2024 and will grow at a compound annual growth rate (CAGR) of 47.1% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 44.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 44.5% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 17.9 million in 2024 and will grow at a compound annual growth rate (CAGR) of 44.8% from 2024 to 2031.
The Orbital Type held the highest Space Tourism market revenue share in 2024.

Market Dynamics of Space Tourism Market

Key Drivers for Space Tourism Market

Rise in Commercial Space Tourism Companies to Increase the Demand Globally

The expansion of commercial space tourism companies is significantly growing the space tourism market. The emergence of these firms has increased the number of opportunities for trips to outer space. They are focusing on developing advanced spacecraft, infrastructure, and experiences accessible to private individuals. Their innovative space travel methods, combined with intensified industry competition, are driving technological advancements and reducing costs, making commercial space travel more attainable for a larger audience. In 2021, the top 30 Canadian space organizations, including four universities, generated 95% of the total space sector revenue and accounted for 69% of space-related employment. They also contributed to 81% of business expenditures on research and development, 31% of registered patents, and 41% of new inventions. Additionally, small and medium-sized enterprises (SMEs) comprised 93% of all Canadian space companies in 2021. https://www.asc-csa.gc.ca/pdf/eng/publications/2021-2022-state-canadian-space-sector-facts-figures-2020-2021-v2.pdf

Government Support to Propel Market Growth

The space tourism industry heavily relies on government support for its growth. Government funding, infrastructure development, and regulatory frameworks are crucial for the safe and efficient operation of space tourism companies. Financial incentives such as grants and tax breaks for start-ups stimulate innovation and drive economic growth. Additionally, governments often collaborate with private entities to build spaceports, launch facilities, and other essential infrastructure for commercial space travel. For instance, ISRO has signed six agreements with four countries for launching foreign satellites between 2021 and 2023. Meanwhile, NSIL has announced a $1.2 billion investment over the next five years to boost industry participation and commercial activities. The Indian space sector has seen significant growth in start-ups, rising from just one in 2012 to 189 in 2023. Funding for these start-ups reached $1243.8 million in 2023, up from $67.2 million in 2021. https://www.investindia.gov.in/sector/space

Restraint Factor for the Space Tourism Market

Environmental Concerns Associated with the Rocket Launching and space shuttle to Limit the Sales

The space tourism industry faces significant challenges due to rising environmental concerns among consumers. Growing awareness of the environmental impact of space launches—such as greenhouse gas emissions and pollution of air and water—compels the industry to adopt more eco-friendly practices. As regulations on environmental sustainability become stricter, space tourism companies must invest in research and development to reduce their ecological footprint. Addressing these concerns is essential for ensuring the long-term sustainability and growth of the space tourism market, as environmental considerations increasingly influence consumer choices and industry progress. The rising apprehension about the environmental damage from the space shuttles and rocket launches ...