Market Overview:
The global customized travel market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for tailor-made travel experiences by tourists across the globe. Additionally, the rise in disposable income and technological advancements are also contributing to the growth of this market. Based on type, the global customized travel market is segmented into within 7 days, 7-15 days, and more than 15 days segments. The within 7 days segment is projected to account for a major share of this market during the forecast period owing to its affordability and convenience offered by these services. By application, sightseeing dominates this market followed by business travel and education segments respectively. North America leads this regional segment with a major share owing to high disposable income levels in countries such as U.S., Canada, etc.
Product Definition:
Customized travel is a type of tourism that is specifically tailored to the needs and desires of the traveler. This can include anything from arranging a private tour to customizing an existing tour package. Customized travel is important because it allows travelers to have complete control over their vacation, ensuring that they get exactly what they want out of their trip.
Within 7 days:
It is a new service that allows customers to book their travel and accommodation details through an application. The app also provides information on how to reach the customer support team for any clarification or help. This helps both the traveler and the hotelier in saving time, effort, and money. It reduces overhead costs for hotels as they do not have to pay commission or fees to middlemen; instead they can charge their guests directly.
7-15 days:
7-15 days is the time frame in Customized Travel Market, which is generally considered as a short period of time. It can be used for both leisure and business purposes. The main purpose of this type of travel is to provide flexibility to customers so that they can choose their own departure and arrival dates along with choosing their own accommodation, activities, transportation etc., thus providing them more freedom while planning a trip.
Application Insights:
Sightseeing and other tourism-related application segments dominated the global customized travel market in 2017. Sightseeing tours are very popular among individuals as well as groups. Individuals prefer to pay for the services of professional tour guides, who can show them around town and introduce them to the city¢â‚¬â„¢s history, culture, architecture and natural beauty. This has resulted in a high demand for such customized tours across various regions worldwide.
The business travel segment is expected to witness significant growth over the forecast period owing to increasing corporate trips overseas by companies from different sectors such as IT/ITeS, BFSI etc., This trend is likely to create new opportunities for CTT providers over the coming years. Education segment also accounted for a significant share in 2017 due to growing number of educational trips by schools & colleges from developed countries like U.K., U.S., Canada etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing number of international tourist destinations, growing middle-class population, and improving standards of living due to rising income levels. Moreover, government initiatives such as ‘One Belt One Road’ (OBOR) project by China are expected to open new markets for customized travel services in Asia Pacific region over the next few years.
North America is projected to grow at a significant rate from 2018 To 2030 owing both ends; i.e., domestic and international tourism industry growth across U.S.
Europe was estimated at USD X billion in 2017.
Growth Factors:
- Increasing disposable income of people
- Rising demand for unique and customized travel experiences
- Proliferation of online booking platforms
- Growing popularity of experiential travel
- Advances in technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Customized Travel Market Research Report
By Type
Within 7 days, 7-15 days, More than 15 days
By Application
Sightseeing, Business Travel, Education, Other
By Companies
TCS World Travel, DuVine Cycling & Adventure Co, Heritage Tours, Gray & Co, Mountain Lodges of Peru, Classic Journeys, Asia Transpacific Journeys, VBT Bicycling & Walking Vacations, Journeys Within, Backroads
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Customized Travel Market Report Segments:
The global Customized Travel market is segmented on the basis of:
Types
Within 7 days, 7-15 days, More than 15 days
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
Sightseeing, Business Travel, Education, Other
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:
- TCS World Travel
- DuVine Cycling & Adventure Co
- Heritage Tours
- Gray & Co
- Mountain Lodges of Peru
- Classic Journeys
- Asia Transpacific Journeys
- VBT Bicycling & Walking Vacations
- Journeys Within
- Backroads
Highlights of The Customized Travel 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:
- Within 7 days
- 7-15 days
- More than 15 days
- By Application:
- Sightseeing
- Business Travel
- Education
- Other
- 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 Customized Travel 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?
Customized travel is a type of travel that allows you to tailor your trip to your specific interests, needs, and budget. You can choose from a variety of different types of customized trips, including destination weddings, honeymoons, luxury vacations, and adventure tours.
Some of the major companies in the customized travel market are TCS World Travel, DuVine Cycling & Adventure Co, Heritage Tours, Gray & Co, Mountain Lodges of Peru, Classic Journeys, Asia Transpacific Journeys, VBT Bicycling & Walking Vacations, Journeys Within, Backroads.
The customized travel market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Customized Travel 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 Customized Travel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Customized Travel 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 Customized Travel 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 Customized Travel Market Size & Forecast, 2020-2028
4.5.1 Customized Travel Market Size and Y-o-Y Growth
4.5.2 Customized Travel 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 Within 7 days
5.2.2 7-15 days
5.2.3 More than 15 days
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 Sightseeing
6.2.2 Business Travel
6.2.3 Education
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Customized Travel 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 Customized Travel 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 Within 7 days
9.6.2 7-15 days
9.6.3 More than 15 days
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 Sightseeing
9.10.2 Business Travel
9.10.3 Education
9.10.4 Other
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 Within 7 days
10.6.2 7-15 days
10.6.3 More than 15 days
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 Sightseeing
10.10.2 Business Travel
10.10.3 Education
10.10.4 Other
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 Within 7 days
11.6.2 7-15 days
11.6.3 More than 15 days
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 Sightseeing
11.10.2 Business Travel
11.10.3 Education
11.10.4 Other
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 Within 7 days
12.6.2 7-15 days
12.6.3 More than 15 days
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 Sightseeing
12.10.2 Business Travel
12.10.3 Education
12.10.4 Other
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 Within 7 days
13.6.2 7-15 days
13.6.3 More than 15 days
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 Sightseeing
13.10.2 Business Travel
13.10.3 Education
13.10.4 Other
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 Customized Travel Market: Competitive Dashboard
14.2 Global Customized Travel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TCS World Travel
14.3.2 DuVine Cycling & Adventure Co
14.3.3 Heritage Tours
14.3.4 Gray & Co
14.3.5 Mountain Lodges of Peru
14.3.6 Classic Journeys
14.3.7 Asia Transpacific Journeys
14.3.8 VBT Bicycling & Walking Vacations
14.3.9 Journeys Within
14.3.10 Backroads
