Leisure Travel Market was valued at USD 4,405.5 Bn in 2021 and is projected to reach USD 6,347.8 Bn by 2027, growing at a CAGR of 5.7% during the forecast period.

Leisure Travel Market Outlook

The global leisure travel market size was valued at USD 2.5 trillion in 2023 and is projected to reach USD 4.9 trillion by 2032, growing at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2032. The growth of this market is driven by factors such as increasing disposable incomes, rising awareness of the benefits of travel, and technological advancements in booking systems. The leisure travel industry is witnessing a significant transformation with more personalized experiences, sustainability-focused offerings, and a surge in interest from younger generations.

One of the primary growth factors for the leisure travel market is the increasing disposable income across various demographics. Emerging economies, particularly in Asia Pacific and Latin America, are witnessing a rise in middle-class populations with increased spending power. This shift in income levels allows more individuals and families to allocate funds for vacations and leisure activities. Additionally, the rise in dual-income households in developed regions has bolstered the propensity to spend on leisure travel, further driving market growth.

Technological advancements have also played a crucial role in propelling the leisure travel market forward. The advent of online travel agencies (OTAs), mobile applications, and advanced booking platforms has revolutionized how consumers plan and book their trips. These platforms offer a seamless and user-friendly experience, allowing travelers to compare prices, read reviews, and make informed decisions. Moreover, the integration of artificial intelligence and machine learning in these platforms enables personalized recommendations, enhancing the overall travel experience for consumers.

Another significant factor contributing to the growth of the leisure travel market is the increasing awareness of the mental and physical health benefits associated with travel. Studies have shown that taking vacations can reduce stress, improve mental health, and boost overall well-being. As a result, more individuals are prioritizing travel as an essential component of their lifestyle. Additionally, the rise of social media has amplified the desire to explore new destinations, with travel influencers and bloggers inspiring a broader audience to embark on leisure trips.

As the leisure travel market continues to evolve, sustainable traveling has emerged as a pivotal trend shaping the industry's future. With increasing awareness about environmental conservation, travelers are now more inclined towards eco-friendly travel options that minimize their carbon footprint. This shift is encouraging travel companies to adopt sustainable practices, such as offering carbon-neutral flights, promoting eco-friendly accommodations, and supporting local communities. By integrating sustainability into their offerings, the travel industry not only caters to the growing demand for responsible tourism but also contributes to the preservation of natural and cultural heritage. This trend is particularly appealing to younger generations who prioritize sustainability in their travel choices, further driving the market's growth.

From a regional perspective, Asia Pacific is expected to witness the highest growth rate in the leisure travel market during the forecast period. The region's rapid economic development, coupled with a growing middle-class population, is driving the demand for leisure travel. Countries such as China, India, and Southeast Asian nations are becoming increasingly popular travel destinations due to their rich cultural heritage, diverse landscapes, and affordable travel options. North America and Europe also hold significant market shares, driven by high disposable incomes, well-established tourism infrastructures, and a strong inclination towards travel and exploration.

Type Analysis

In the leisure travel market, the type segment is divided into solo travel, group travel, family travel, and others. Solo travel has gained immense popularity in recent years, particularly among millennials and Gen Z. The desire for self-discovery, independence, and personalized experiences drives this trend. Solo travelers often seek unique, off-the-beaten-path destinations, challenging traditional tourism hotspots. The rise of digital nomadism, where individuals work remotely while exploring new places, has further fueled this segment's growth. Travel agencies and platforms are increasingly offering tailored packages

Global Leisure Travel market size is expected to reach $2393.27 billion by 2029 at 13.7%, segmented as by lodging, hotels and resorts or vacation rentals or hostels or bed and breakfasts (b and bs) or campsites and glamping sites

The Leisure Travel Market offers a range of products and services tailored to the needs of different travelers:Lodging: Hotels, resorts, vacation rentals, and other accommodation options.Transportation: Airlines, trains, buses, and private transportation services.Food & Beverages: Dining, catering, and culinary experiences.Events & Entertainment: Concerts, festivals, shows, and other entertainment events.Others: Travel insurance, tour operators, and other services. Recent developments include: August 2023: Skyscanner launched its Hindi language experience for all of its products and services in an effort to further solidify its position in the Indian market., August 2023: MakeMyTrip and the Ministry of Tourism collaborated to release a unique Travellers' Map of India, which features more than 600 locations outside of the country's most popular tourist destinations., October 2021: American Express introduced full-service business checks under its brand for small and medium-sized enterprises.. Notable trends are: Increasing amount of discretionary income is driving the market growth.

The global leisure travel market stood at a value of around USD 1.32 Trillion in 2024. The market is further expected to grow at a CAGR of 7.00% in the forecast period of 2025-2034 to attain USD 2.60 Trillion by 2034.

Leisure tourism is the largest sector of the tourism industry. Leisure travel generally consists of taking a vacation from work or everyday life. During vacation, the traveler typically aims to relax, experience new cultures and locations, broaden their mindset and more, depending on the type of travel chosen. The outlook for global leisure tourism spending in 2029 is 9,332 billion U.S. dollars.

Global Travel market size 2021 was recorded $1306.69 Billion whereas by the end of 2025 it will reach $1632.3 Billion. According to the author, by 2033 Travel market size will become $2547.17. Travel market will be growing at a CAGR of 5.72% during 2025 to 2033.

The global leisure travel services market, valued at $96.01 billion in 2025, is projected to experience robust growth, driven by several key factors. The rising disposable incomes, particularly among younger demographics (teenagers, students, and young professionals), are fueling a surge in demand for experiential travel. Adventure travel, wellness tourism, and cultural experiences are gaining significant traction, reflecting a shift towards personalized and enriching travel styles. Technological advancements, such as online booking platforms and travel apps, are simplifying the travel planning process and enhancing customer convenience, further boosting market growth. The elderly segment is also contributing to market expansion, with an increasing number of retirees seeking leisure travel experiences. While economic downturns and geopolitical instability can act as temporary restraints, the overall long-term outlook remains positive, supported by the continuously evolving travel preferences and the inherent human desire for exploration and relaxation. The 7.6% CAGR suggests a substantial market expansion over the forecast period (2025-2033). Competition within the industry is fierce, with established players like Amex GBT and Expedia Group competing against emerging niche players specializing in specific travel segments. The diverse regional distribution, with North America and Europe currently holding significant market shares, indicates opportunities for expansion in other regions like Asia Pacific and Middle East & Africa, where travel infrastructure and disposable incomes are steadily increasing. The market segmentation highlights promising opportunities for businesses to tailor their offerings to specific customer needs. For example, focusing on sustainable and responsible travel initiatives could attract environmentally conscious travelers, while offering specialized packages for different age groups and travel interests ensures broader market penetration. This strategic approach, coupled with the integration of innovative technology and personalized customer service, will be crucial for players aiming for market leadership. Analyzing the regional variations and understanding local travel preferences will be instrumental for successful market penetration and growth. The forecast suggests that the market will continue to grow significantly throughout the forecast period, driven by factors mentioned above. The evolving needs of different traveller segments create a diverse and dynamic market landscape.

The Leisure Travel market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.

Global Tourism Market size was worth around $11.39 trillion in 2023 and is predicted to grow to around $18.44 trillion by 2032 with a CAGR of 5.5%.

Global leisure tourism spending grew by **** percent in 2023 compared to the previous year. Despite the significant annual increase, the expenditure by leisure travelers worldwide remained below pre-pandemic levels, amounting to around **** trillion U.S. dollars in 2023. Leisure tourism vs. business travel Leisure tourism mainly refers to vacations, visits to friends or relatives, and all journeys made for leisure purposes. On the other hand, business travel includes all trips taken for work-related reasons, such as attending meetings, congresses, and conferences. In 2023, the total travel and tourism expenditure worldwide, including leisure and business trips, exceeded *** trillion U.S. dollars. How many people travel every year? In 2023, the number of international tourist arrivals worldwide, including leisure and business travelers, surpassed *** billion, growing sharply over the previous year but not yet catching up with the peak in travelers reported in 2019. Overall, either before and after the impact of the COVID-19 pandemic, Europe ranked as the leading region worldwide based on inbound tourist arrivals.

When comparing global leisure and business travel spending in 2023, leisure tourism generated the highest expenditure across the leading travel and tourism markets worldwide. In the United States, the country with the highest total contribution of travel and tourism to GDP, leisure travel accounted for nearly ** percent of total tourism spending in 2023. In China, which ranked second on the list, leisure travel represented **** percent of the total travel and tourism expenditure that year.

Forecasts show that between 2022 and 2030, the travel and tourism industry will grow to be worth USD 492.89 billion. Market size, growth, share

Global Travel and Tourism Spending Market size worth $204.96 Billion in 2023 and projected to $749.74 Billion by 2032, a CAGR of 15.5% By 2024-2032.

Access Market Research Intellect's Leisure Travel Market Report for insights on a market worth USD 1.8 trillion in 2024, expanding to USD 2.8 trillion by 2033, driven by a CAGR of 5.5%.Learn about growth opportunities, disruptive technologies, and leading market participants.

The corporate and leisure travel services market is experiencing robust growth, driven by a resurgence in business travel post-pandemic and a sustained desire for leisure experiences. While precise market sizing data is not provided, considering the listed companies (many of which are global players) and the extensive regional breakdown, a reasonable estimate for the 2025 market size would fall within the $500 billion to $1 trillion range, depending on the specific service segments included. The CAGR, although not specified, is likely to be in the range of 5-10% over the forecast period (2025-2033), reflecting both the recovery from pandemic-related disruptions and the ongoing expansion of the industry. Key drivers include increased disposable income (fueling leisure travel), the globalization of businesses (boosting corporate travel), and technological advancements streamlining booking and travel management. Emerging trends include the rise of sustainable and responsible travel options, the increasing adoption of travel management platforms, and a growing preference for personalized and curated travel experiences. Restraints include economic uncertainty, geopolitical instability, and the potential impact of future pandemics. The market is segmented by application (business versus personal travel) and type of service (consulting, transportation & accommodation, meetings & events management, and others). This segmentation highlights diverse opportunities within the market, with different growth rates anticipated across segments. For example, the meetings & events management segment likely exhibits higher volatility and faster growth potential compared to the more stable transportation and accommodation segment. The competitive landscape is highly fragmented, with both established giants like Amex GBT and emerging technology-driven companies like Spotnana and Peakwork vying for market share. The geographical distribution shows a significant concentration in North America and Europe, but considerable growth potential exists in rapidly developing economies in Asia-Pacific and other regions. The increasing adoption of online booking platforms and the growing demand for personalized travel services are transforming the industry dynamics, placing a premium on companies offering innovative solutions and seamless user experiences. This dynamic environment encourages continuous innovation and strategic partnerships, as firms strive to adapt to the evolving needs of both corporate and leisure travelers. The forecast period (2025-2033) presents a substantial opportunity for market expansion and consolidation, particularly for companies that effectively leverage technology and cater to the changing preferences of travelers.

In 2024, travelling with one's spouse or partner occupied the biggest share of domestic travel for recreational purposes, with **** percent. Most leisure related trips were undertaken in groups, either with one's partner, the family, or friends, while travelling on one's own accounted for around **** percent of the domestic travel.

Global Leisure Space Travel Market is poised to witness substantial growth, reaching a value of USD 17.56 Billion by the year 2033, up from USD 2.07 Billion attained in 2024. The market is anticipated to display a Compound Annual Growth Rate (CAGR) of 26.85% between 2025 and 2033.

The Global Leisure Space Travel market size to cross USD 17.56 Billion in 2033. [https://edison.valuemarketresearch.c

The corporate and leisure travel services market is experiencing robust growth, driven by a resurgence in post-pandemic travel and evolving business needs. While precise market sizing requires specific data, a reasonable estimate based on industry reports and trends suggests a 2025 market value in the range of $1.5 trillion, with a Compound Annual Growth Rate (CAGR) of approximately 8% projected through 2033. This growth is fueled by several key factors: increasing business travel as companies resume in-person meetings and collaborations, a strong rebound in leisure travel fueled by pent-up demand and a desire for experiential travel, and the increasing adoption of technology-driven travel management platforms offering enhanced efficiency and personalized experiences. The market segmentation includes business travel, leisure travel, and a growing niche in blended trips combining business and leisure. Key players like Amex GBT, CTM, and others are leveraging technology and strategic partnerships to gain market share, offering comprehensive solutions encompassing booking platforms, travel risk management, and loyalty programs. However, the market faces challenges. Economic uncertainties, fluctuating fuel prices, and geopolitical instability can impact travel demand. Furthermore, sustainability concerns and the growing need for responsible travel practices are influencing consumer and corporate choices, creating opportunities for companies emphasizing eco-friendly options. Competition is intense, with both established players and innovative startups vying for market dominance. Companies are focusing on personalization, providing seamless user experiences, and incorporating AI-driven features to enhance the booking and travel experience. The future success of companies in this sector will depend on their ability to adapt to evolving consumer preferences, effectively manage risk, and embrace sustainable practices.

The global bleisure travel market, valued at $558.55 million in 2025, is projected to experience robust growth, driven by several key factors. The increasing prevalence of remote work arrangements and flexible work schedules allows individuals to seamlessly integrate leisure activities into their business trips, fueling the demand for bleisure travel packages and services. Technological advancements, including user-friendly travel booking platforms and mobile applications, have simplified the planning and booking process, making bleisure travel more accessible to a wider audience. Furthermore, the rising disposable incomes, particularly in developing economies, contribute to the increased spending capacity for both business and leisure travel, further driving market expansion. The market is segmented by tour type (independent vs. group) and trip type (domestic vs. international), with independent and international trips expected to witness higher growth rates due to increased personalization demands and a desire for unique experiences. Competition in the market is intense, with established players like Expedia, American Express Travel, and Airbnb alongside specialized bleisure travel agencies vying for market share through innovative offerings and strategic partnerships. The projected Compound Annual Growth Rate (CAGR) of 9.52% from 2025 to 2033 indicates significant future growth potential. However, certain factors may restrain market growth, including economic downturns that impact business travel budgets and potential disruptions caused by geopolitical instability or unforeseen events such as pandemics. Despite these potential headwinds, the long-term outlook remains positive, driven by evolving work cultures, technological innovations, and a growing preference among professionals for blending business with leisure for a more balanced lifestyle. The geographic distribution shows a diverse spread, with North America and Europe currently holding the largest market shares. However, rapidly developing economies in Asia Pacific and South America present significant growth opportunities in the coming years, driven by increased tourism and business activity. Recent developments include: In December 2023, Expedia Group launched a few new and extended travel partnerships around Europe. New partnerships include Ryanair, Icelandair, Iberia Airlines, and Deutsche Hospitality., In December 2023, BCD Travel partnered with Colourful Earth and the Global Sustainable Tourism Council (GSTC). The partners will jointly introduce the "Sustainable Business Travel Strategy Guide" and a range of training courses targeted at corporate clients, their travel managers, and sustainability experts.. Key drivers for this market are: Rise in Demand for Work-Life Balance, Cost Savings for Both Travelers and Employers. Potential restraints include: Rise in Demand for Work-Life Balance, Cost Savings for Both Travelers and Employers. Notable trends are: Integration of Technology into the Travel Industry Boosts the Segment Growth.