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March 23, 2023 (The Expresswire) --[97+ pages of summary] Impact of COVID-19: Despite inflation and fears of a recession, companies around the world are expected to do better in 2023
Top "traveling market” Size 2023 The major players profiled in the report are[Exodus Travels, Backroads, Butterfield and Robinson, Scott Dunn, Tauck, Travcoa, Al Tayyar, Cox and Kings Ltd, Lindblad Expeditions, TUI Group, Micato Safaris, Thomas Cook Group, Zicasso, Abercrombie and Kent Ltd, Jet2 Holidays]most important, influential or successful companies, brands or individuals in a traveling market from 2023 to 2028.
Traveling Market Report includes 2023:-
● Complete overview of the global hiking market
● The Traveling Market provides top-notch data, information, vital statistics, trends and details on the competitive landscape in this role sector.
● Top country data and analysis forUnited States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia,etc. It also sheds light on the progress of major regional migrating markets such as North America, Europe, Asia Pacific, South America, and Middle East & Africa
● Description and Analysis of Market Potential for Hiking by Type (Island, Countryside, Polar Region, Other), Deep Dive, Disruption, Application Capacity [Millennial, Generation X, Baby Boomer, Other], Consumer Industry
● Assess the impact of key drivers and restraints, as well as global touring market dynamics and current trends in the business
● Forecasts for the itinerant industry are provided along with information on key drivers, constraints and opportunities.
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Brief description of the hiking market:
The revenue of the traveling market was US$ million in 2016, increased to US$ million in 2021 and will reach US$ million in 2026, with a CAGR of 2021-2026.
Considering the impact of COVID-19 on the global Hiking Market, this report analyzed the impact from both a global and regional perspective. From the end of production to the end of consumption in regions like North America, Europe, China and Japan, the report focused on the analysis of the market under COVID-19 and the corresponding response policies in different regions.
This report also analyzes in detail the strategies of various companies to deal with the impact of COVID-19 to find a way to recovery.
How the hiking industry will develop under the COVID-19 outbreak is also analyzed in detail in Chapter 1.8 of this report.
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Market Segment by Region/Country including: -
● North America (USA, Canada and Mexico)
● Europe (Germany, UK, France, Italy, Russia and Spain etc.)
● Asia Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.)
● South America (Brazil, Argentina, Colombia, etc.)
● Middle East and Africa (South Africa, United Arab Emirates, Saudi Arabia, etc.)
User center of the hiking market 2023
Yes. Since COVID-19 and the war between Russia and Ukraine are profoundly affecting the relationship between global supply chains and the pricing system for commodities, we definitely took them into account throughout the research and go into detail on the impact of the pandemic and the war on the precious metals industry.
The final report will add the analysis of the impact of COVID-19 on this industry.
TO UNDERSTAND HOW THE IMPACT OF COVID-19 IS COVERED IN THIS REPORT, REQUEST SAMPLES
The global Hiking market is anticipated to rise at a considerable rate during the forecast period. The market is growing steadily and with the increasing adoption of strategies by key players, the market is expected to rise beyond the forecast horizon.
Wandering Market – Segmentation Analysis:
Report further studies on market development status and future trend of Hiking Market around the world. Also, the Segmentation of the Hiking market is split by Type and Application to fully and thoroughly research and uncover the market profile and prospects.
Segment by type
● Island
● Landscape
● Polar region
● Other
What are the growth factors driving the Hiking market growth?
The increasing usage of is expected to drive the growth of the touring market.
Segment by application
● Millennial
● Generation X
● Baby Boomers
● Other
What market dynamics are affecting the business?
The report offers a detailed assessment of the market by highlighting information on various aspects including drivers, restraints, opportunities and threats. This information can help stakeholders make appropriate decisions before investing.
It also provides accurate information and cutting-edge analysis needed to formulate an ideal business plan and define the right path for rapid growth for all industry players involved. Armed with this information, stakeholders will be better able to develop new strategies that focus on market opportunities that benefit them, while making their business efforts profitable.
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Itinerant Market – Competitive Analysis:
With the aim of making the competitive situation in the industry clear, we specifically analyze not only the leading companies that have a voice worldwide, but also the regional medium-sized companies that play a key role and have a lot of growth potential.
The list of the most important players can be found in the summary.
Leading players in the touring industry are those who have the greatest impact, 2023 market share, best reputation, or revenue in their space
Who are the Key Vendors in Hiking Market space?
● Exodus Voyages
● secondary roads
● Butterfield and Robinson
● Scott Dunn
● Tauck
● Travcoa
● Al-Tayyar
● Cox und Kings Ltd
● The Lindblad Expedition
● TUI Group
● Micato-Safaris
● Thomas Cook Group
● Zicasso
● Abercrombie and Kent Ltd
● Jet2 Holidays
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Both primary and secondary data sources are used in creating the report.
Primary sources include extensive interviews with key thought leaders and industry experts (such as senior frontline employees, directors, CEOs and marketing executives), downstream distributors and end users.
Secondary sources include research into annual and financial reports of top companies, public files, new magazines, etc. We also work with some third-party databases.
See the chapters for a more complete list of data sources
1.To study and analyze the global Hiking consumption (value) by key regions/countries, product type and application
2. To understand the structure of Hiking market by identifying its various sub-segments.
3. Focuses on the key global Hiking manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's Five Forces Analysis, SWOT analysis and development plans in next few years.
4. To analyze the Hiking with respect to individual growth trends, future prospects, and their contribution to the overall market.
5. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and threats).
6. To forecast the consumption of Hiking submarkets, with respect to key regions (along with their respective key countries).
7. To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
8. To strategically profile the key players and comprehensively analyze their growth strategies.
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Important points from the table of contents
1 Overview of the traveling market
1.1 Product Overview and Scope of Hiking
1.2 Hiking Segment by Type
1.3 Hiking segment by application
1.4 Global Market Growth Prospects
1.5 Global Market Size by Region
2 Market competition from manufacturers
2.1 Global Hiking Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Hiking Revenue Market Share by Manufacturers (2017-2022)
2.3 Hiking Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.4 Global Moving Average Price by Manufacturers (2017-2022)
2.5 Manufacturers Hiking Manufacturing Sites, Area Served, Product Types
2.6 Competitive situation and trends in the hiking market
3 Production capacity by region
3.1 Global Production Capacity of Hiking Market Share by Regions (2017-2022)
3.2 Global Hiking Revenue Market Share by Regions (2017-2022)
3.3 Global Migrant Production Capacity, Revenue, Price and Gross Margin (2017-2022)
4 Global Hiking Consumption by Region
5 Segment by type
6 segment by application
7 important companies in profile
7.1 Company
7.1.1 Information from the Hiking Society
7.1.2 Wandering Product Portfolio
7.1.3 Increase in Production Capacity, Revenue, Price and Gross Margin (2017-2022)
7.1.4 Company's Principal Business and Markets Served
7.1.5 Recent Company Developments/Updates
8 Cost of Manufacturing Analysis
8.1 Hiking Key Raw Materials Analysis
8.1.1 Key Commodities
8.1.2 Key suppliers of raw materials
8.2 Proportion of manufacturing cost structure
8.3 Manufacturing Process Analysis of Hiking
8.4 Hiking Industry Chain Analysis
9 Marketing channel, distributors and customers
9.1 Marketingkanal
9.2 List of itinerant distributors
9.3 Wandering Customers
10 Market Dynamics
10.1 Trends in the touring industry
10.2 Wandering Market Drivers
10.3 Challenges of the itinerant market
10.4 Itinerant Market Restrictions
11 Production and supply forecast
11.1 Global Forecasted Production of Hiking by Region (2023-2028)
12 Consumption and demand forecast
12.1 Global Forecasted Demand Analysis for Hiking
13 Forecast by Type and Application (2023-2028)
13.1 Global Production, Revenue and Price Forecast by Type (2023-2028)
14 Research Findings and Conclusion
15 Methodology and data source
15.1 Methodology/Research Approach
15.1.1 Research Programs/Design
15.1.2 Estimate of Market Size
15.1.3 Market Breakdown and Data Triangulation
15.2 Data Source
15.2.1 Secondary Sources
15.2.2 Primary Sources
15.3 List of Authors
15.4 Disclaimer
Continuation….
And more…
Main reasons for purchase
● To gain insightful analyzes of the market and have a comprehensive understanding of the global Hiking market and its commercial landscape.
● Evaluation of production processes, main problems and solutions to reduce development risk.
● Understand the key drivers and restraints in the itinerant market and their impact on the global marketplace.
● Learn about the itinerant market strategies being adopted by leading organizations.
● To understand the future prospects and prospects for the traveling market.
● In addition to the standard structure reports, we also offer customer-specific research according to specific requirements
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To view the original version on The Express Wire, visitTraveling Market Trends, Industry Demand and Scope, Top Players Analysis, Forecast 2023 - 2031
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FAQs
What is the travel market forecast? ›
Revenue in the Travel & Tourism market is projected to reach US$854.80bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 4.41%, resulting in a projected market volume of US$1,016.00bn by 2027.
How big is the travel market in 2023? ›Despite the sharp increase, the market size of tourism worldwide remained below pre-pandemic levels, totaling around two trillion U.S. dollars in 2022. As forecast, this figure is expected to rise to nearly 2.29 trillion U.S. dollars in 2023, surpassing the peak reported in 2019.
What is the forecast for travelers worldwide? ›In 2021, overall traveler numbers were 47% of 2019 levels. This is expected to improve to 83% in 2022, 94% in 2023, 103% in 2024 and 111% in 2025. In 2021, international traveler numbers were 27% of 2019 levels. This is expected to improve to 69% in 2022, 82% in 2023, 92% in 2024 and 101% in 2025.
How big is the travel market? ›The global business travel market size was valued at $695.9 billion in 2020, and is expected treach $2,001.1 billion by 2028, growing at a CAGR of 13.2% from 2021-2028.
What are the projections for the travel industry for 2023? ›Travel Grows Amid Industry Struggles To Cope With Demand
According to forecasting by Economist Intelligence, global tourism will rise by 30% in 2023. However, airlines and hotels, still struggling with labor shortages, may not be equipped to handle the increase.
Globally, tourist spend per trip is showing a 13% increase at current 2022 prices, with an average spend of $1,331 per arrival worldwide. For 2023, total tourist spend is projected to exceed $1.4 trillion dollars globally24.
Will 2023 be a good year to travel? ›International travel is expected to continue its recovery in 2023, following a stronger-than-expected performance in 2022.
What are Millennials travel trends for 2023? ›The findings show that for 2023, younger generations of travellers are taking more trips, booking longer stays, spending more per night, and looking for a larger number of functional features from their accommodation such as wellness facilities and coworking space.
What to expect in the US markets for 2023? ›In the first half of 2023, the S&P 500 is expected to re-test the lows of 2022, but a pivot from the Fed could drive an asset recovery later in the year, pushing the S&P 500 to 4,200 by year-end.
Which is the best travel market? ›New data from the World Travel & Tourism Council (WTTC) found that the United States remains the world's biggest and most powerful travel and tourism market.
Who makes the most money in the travel industry? ›
- Airline pilot. National average salary: $44,761 per year. ...
- Hotel manager. National average salary: $51,151 per year. ...
- Infection preventionist. National average salary: $70,568 per year. ...
- Geologist. ...
- Executive recruiter. ...
- Marine biologist. ...
- Senior auditor. ...
- Marine engineer.
The United States remains the world's largest and most powerful Travel and Tourism market, according to the latest World Travel and Tourism Council (WTTC) Economic Trends report.
Does the travel industry have a future? ›The travel and tourism industry is growing at an annual rate of 4.41%. By 2026, the projected market value will be just under $1 billion. Here are seven trends driving the future of the travel space.
Will travel industry come back? ›International business travel could take even longer to recover (until 2025), and is only predicted to reach 72% of its pre-pandemic levels in 2022, per the organization's forecasts. For what it's worth, there's more business travel happening now than there was in 2020 or 2021.
Is travel on the rise? ›This increased demand for business travel continues to build. According to our 2023 Traveler Value Index, about a third (32%) of consumers are planning to take a business trip in the next 12 months, including more than 3 in 5 (62%) of remote workers.
What is tourism strategy 2031? ›The strategy aims to: raise the tourism sector's contribution to the GDP to AED 450 billion, with an annual increase of AED 27 billion. strengthen the position of the UAE as one of the best destinations in the world for tourism. boost competitiveness by attracting AED 100 billion as additional tourism investments.
Will travel decrease in 2023? ›There may be hope on the horizon, though. “In 2023, we expect that [trend] to reverse and year-over-year fares to fall,” Keyes said, pointing to Federal Reserve data indicating recent, modest drops in airfare—a shift that comes as airlines have begun to add more flights, fueling competition.
What will be the major components of sustainable tourism in the year 2023? ›Maximising the Benefits of Sustainable Tourism in 2023
To achieve this, businesses should focus on minimising their environmental impact, promoting responsible tourism practices, and supporting local communities by providing training, education, and job opportunities.
The most dangerous countries to visit in 2023 are Afghanistan, Central African Republic, Iraq, Libya, Mali, Somalia, South Sudan, Syria, Ukraine and Yemen according to the latest Travel Risk Map, an interactive tool produced by security specialists at International SOS.
Will travel be more expensive in 2023? ›In 2023, travelers should expect higher prices for almost all travel-related expenses, including flights. Expected price increases for many locations around the world are listed below to help travelers prepare for the upcoming year.
What is the cheapest month to travel in 2023? ›
Instead, try traveling during the shoulder season. It's often much cheaper to travel from May to early June and late August through mid-October.
What is Gen Z looking for in travel? ›Now, Gen Z travelers value trips that not only let them see the bucket-list destinations but also go beyond to experience off-the-beaten-path destinations that allow them to dive deeper into the country's culture and experience the destination through the eyes of a local."
What are emerging lifestyle trends for 2023? ›Overall, the lifestyle trends of 2023 are expected to be focused on wellness, sustainability, technology, and the gig economy.
What does Gen Z want when travelling? ›They Want a Unique and Elevated Experience
They want to know where they can go that hasn't already been covered by an influencer. Similarly, Gen Z are focusing on the quality of travel more than previous generations.
Mega-cap stocks and private markets are poised for long-term growth. Europe could see a green building boom, while banks there might benefit from higher rates. Carbon capture tech is ready for a breakout year; U.S. airlines are set for better earnings. Asia equities are positioned for outperformance.
Is 2023 a good time to invest in the stock market? ›“This is a great time to be investing as valuations have come down to more reasonable levels,” says McBride. While the market may be rocky in the short term, even over the entire course of 2023, investors who are thinking three to five years out should be amply rewarded over time.
Will 2023 be a bear market? ›Based on how earning estimates have been progressing, 2023 is increasingly looking like it could be a ‒10% earnings year. So I see this third phase of the bear market as characterized by contracting earnings and tightening liquidity conditions.
Will travel increase in 2023? ›Both domestic and international flight prices are up in 2023 compared with 2022 (52% for domestic and 29% for international), KAYAK reported. The smallest fare increases for next year from the U.S. are to the South Pacific, up 3%, and Europe destinations, up 10%.
What is the travel volume forecast for the US? ›Revenue in the Travel & Tourism market is projected to reach US$190.40bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 3.17%, resulting in a projected market volume of US$215.70bn by 2027.
What is the hospitality forecast for 2023? ›Despite economic headwinds stoking fears of a 2023 recession, the hospitality industry still defies expectations and posts strong numbers. Travel demand, while currently robust, may be impacted if companies need to cut costs in the face of a worsening economic outlook.
Will air travel be better in 2023? ›
Jan 26 (Reuters) - U.S. airlines expect strong travel demand that drove record fourth-quarter revenues to continue into 2023, but economic uncertainty and burgeoning labor and operations costs could cloud their rosy outlooks.
How many Americans plan to travel in 2023? ›More than 90% of Americans plan to travel in 2023.
Is the travel industry recovering? ›Although the travel recovery's recovery trails the broader economic recovery, Skift Research forecasts that international trips are set to grow 50 percent in 2023. Next, tourism agencies worldwide largely viewed Twitter as a valuable marketing tool over much of the last decade.