5 things to know about the tours, activities and attractions sector – #Phocuswright research

Full report here: https://www.phocuswright.com/Travel-Research/Destination-Activities-Marketing/The-Outlook-for-Travel-Experiences-2019-to-2025

The in-destination industry, which comprises day tours, activities, attractions and related leisure experiences, has long been one of the largest and most important sectors in travel and tourism. According to Phocuswright’s latest joint travel research report with Arival, The Outlook for Travel Experiences 2019-2025, travel experiences represented $253 billion in global gross ticket revenue in 2019, making it the third-largest sector of tourism after transportation and accommodation. The sector grew 6% in 2019, significantly higher than the 3.5% increase in global tourism GDP.

Despite the heavy toll of the pandemic on operators worldwide, the tours, activities and attractions (TAA) sector has remained resilient and has shown strong signs of recovery in 2022. Fears of widespread business collapses have been allayed by governmental support across much of North America and Europe. The sector will reach 93% of 2019’s global gross bookings by 2023 and surpass 2019 levels in 2024 when global gross bookings will reach $260 billion, assuming there are no further pandemic-related waves or other outside circumstances that substantially disrupt global travel.

You may also like

Weeva - #Phocuswright Innovation Launch 2023
We’re here to put a sustainability officer in the pocket of every ...
Justt - #Phocuswright Innovation Launch 2023
Justt opens up data-driven chargeback insights and win-rate ...
BabyQuip - #Phocuswright Innovation Launch 2023
We will present “How to Better Serve Traveling Families” and discuss ...
rePUSHTI by Qtech Software - #Phocuswright Innovation Launch 2023
rePUSHTI is AI driven hotel booking re-verification service which ...
VisaHQ - #Phocuswright Innovation Launch 2023
Learn about the game-changing power of AI on global mobility and ...
TerraPay - #Phocuswright Innovation Launch 2023
Card to Account enables corporates to pay suppliers that do not accept ...
TourReview - #Phocuswright Innovation Launch 2023
Elevate satisfaction, manage reviews, and increase sales with ...
Mobi - #Phocuswright Innovation Launch 2023
Mobi's collaborative AI platform for travel agents and call center ...
Ramp - #Phocuswright Innovation Launch 2023 - Manny Hittelman
Control travel and expense before it happens: Spend smarter by getting ...
Page 4 of 22