Market Overview:
The global congress tourism market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The market growth is attributed to the increasing number of small and large meetings being organized by businesses and organizations across different regions. In addition, the increasing demand for congress tourism from domestic as well as international tourists is also propelling the growth of this market. North America dominates the global congress tourism market, followed by Europe and Asia Pacific.
Product Definition:
The term Congress Tourism refers to the tourism industry that is centered around visits to the United States Congress in Washington, D.C. This industry is important because it helps generate revenue for the city of Washington, D.C., and it also allows visitors to learn more about how the U.S. Congress works.
Small Meeting:
Small meeting is a term used for group of 2 to 20 people. It can be held in a hotel, restaurant or even at the place itself. Small meetings are also known as breakfast meetings, lunches or colloquiums and are an important part of tourism industry which helps both - business & leisure travelers to connect with local businesses and organizations.
Large Meeting:
Large meeting is a term used for conferences and events with more than 1000 people. It's primary characteristic is to provide an opportunity for large groups of people to get together in one place at the same time. Large meetings are different from small meetings as they have a larger number of participants, thus creating more demand for facilities such as hotels, restaurants, conference rooms etc., which can accommodate the participants along with their families and friends.
Application Insights:
The international segment dominated the market in 2017 and is expected to maintain its dominance over the forecast period. The increasing number of global events such as FIFA World Cup, Summer Olympics, Commonwealth Games and Ryder Cup has resulted in a significant growth of the tourism industry across various regions. International congresses provide an opportunity for participants from across the globe to meet face-to-face with their peers and share experiences. These types of events also offer business opportunities for local vendors to expand their clientele base by organizing group tours abroad or providing services at the airport on arrival/ departure cards.
The domestic segment is expected register a considerable CAGR during the forecast period owing to increased spending on travel & tourism activities by national governments, public bodies and private companies as part of efforts toward creating employment generation opportunities through sustainable development goals (SDGs).
Regional Analysis:
Europe dominated the global congress tourism market in 2017. The region is expected to continue its dominance over the forecast period as well. Europe has a strong presence of trade shows, conferences and seminars that are organized on a regular basis. Countries such as Switzerland, Germany, U.K.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to rising investments by industry leaders in developing countries such as India and China for holding business meetings or events known as Congresses or Conferences etcetera (Conference).
Growth Factors:
- Increasing international tourist arrivals: According to the World Tourism Organization, international tourist arrivals are projected to grow by 3.8% in 2017, and by another 4% in 2018. This is good news for the Congress tourism market, as growth in international tourist arrivals typically leads to increased demand for congressional tourism products and services.
- Rising disposable incomes: As economies around the world continue to strengthen, more people will have disposable income available to spend on travel experiences – including congressional tourism trips. This should lead to healthy growth in demand for congressional tourism products and services over the next few years.
- Growing interest in experiential travel: There has been a growing trend towards experiential travel in recent years, as travellers seek out unique and authentic experiences that cannot be found at home. Congressional tourism offers exactly that – an opportunity for travellers to experience America’s political process first-hand! As this trend continues, we can expect strong growth prospects for the Congress tourism market over the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Congress Tourism Market Research Report
By Type
Small Meeting, Large Meeting
By Application
Domestic, International
By Companies
ICMS Australasia (Australia), American Meetings (USA), Congress Company (The Netherlands), DIS Congress Service (Denmark), Event Dynamics (South Africa), Ana Juan Congresos (Argentina), GP Destination Management (Spain), Meeting Planners International (Singapore), MP International (Singapore), Agentura Carolina (Czech Republic), Meeting Makers (United Kingdom)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Congress Tourism Market Report Segments:
The global Congress Tourism market is segmented on the basis of:
Types
Small Meeting, Large Meeting
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Domestic, International
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ICMS Australasia (Australia)
- American Meetings (USA)
- Congress Company (The Netherlands)
- DIS Congress Service (Denmark)
- Event Dynamics (South Africa)
- Ana Juan Congresos (Argentina)
- GP Destination Management (Spain)
- Meeting Planners International (Singapore)
- MP International (Singapore)
- Agentura Carolina (Czech Republic)
- Meeting Makers (United Kingdom)
Highlights of The Congress Tourism Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Small Meeting
- Large Meeting
- By Application:
- Domestic
- International
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Congress Tourism Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Congress tourism is the travel industry that caters to members of Congress and their staff. This includes arranging airfare, hotels, car rentals, and other related services.
Some of the key players operating in the congress tourism market are ICMS Australasia (Australia), American Meetings (USA), Congress Company (The Netherlands), DIS Congress Service (Denmark), Event Dynamics (South Africa), Ana Juan Congresos (Argentina), GP Destination Management (Spain), Meeting Planners International (Singapore), MP International (Singapore), Agentura Carolina (Czech Republic), Meeting Makers (United Kingdom).
The congress tourism market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Congress Tourism Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Congress Tourism Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Congress Tourism Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Congress Tourism Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Congress Tourism Market Size & Forecast, 2020-2028
4.5.1 Congress Tourism Market Size and Y-o-Y Growth
4.5.2 Congress Tourism Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Small Meeting
5.2.2 Large Meeting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Domestic
6.2.2 International
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Congress Tourism Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Congress Tourism Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Small Meeting
9.6.2 Large Meeting
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Domestic
9.10.2 International
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Small Meeting
10.6.2 Large Meeting
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Domestic
10.10.2 International
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Small Meeting
11.6.2 Large Meeting
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Domestic
11.10.2 International
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Small Meeting
12.6.2 Large Meeting
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Domestic
12.10.2 International
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Small Meeting
13.6.2 Large Meeting
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Domestic
13.10.2 International
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Congress Tourism Market: Competitive Dashboard
14.2 Global Congress Tourism Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ICMS Australasia (Australia)
14.3.2 American Meetings (USA)
14.3.3 Congress Company (The Netherlands)
14.3.4 DIS Congress Service (Denmark)
14.3.5 Event Dynamics (South Africa)
14.3.6 Ana Juan Congresos (Argentina)
14.3.7 GP Destination Management (Spain)
14.3.8 Meeting Planners International (Singapore)
14.3.9 MP International (Singapore)
14.3.10 Agentura Carolina (Czech Republic)
14.3.11 Meeting Makers (United Kingdom)
