India’s Cultural Tourism Market Set to Soar to USD 7320.1 Million by 2030

Friday, May 24, 2024

HTF Market Intelligence has projected that the Global Cultural Tourism market will experience a Compound Annual Growth Rate (CAGR) of 6.54% from 2024 to 2030. The recently published Cultural Tourism Market Research report evaluates the potential for future growth within this sector, offering valuable insights and statistics on market structure and size.

This comprehensive report aims to equip decision-makers with strategic information to support sound investment choices, identify potential gaps, and uncover growth opportunities. It also examines the evolving dynamics and emerging trends, highlighting key drivers, challenges, opportunities, and constraints within the Cultural Tourism market. The market size is expected to increase by USD 7320.1 million, achieving a CAGR of 6.54% between 2024 and 2030. Historical market data spans from 2024 to 2030, with the market value estimated at USD 4579.9 million.

Key Market Players:

• Intrepid (Australia)
• Explore (United Kingdom)
• Exodus Travels (United Kingdom)
• G Adventures (Canada)
• On The Go Tours (United Kingdom)
• Wonderful Holidays (India)
• Discover Korea (South Korea)
• Allure Holidays (India)
• Highland Experience Tour (United Kingdom)
• Rabbie’s Tours (United Kingdom)
• Poseidon Expeditions (Cyprus)
• Charlie the Traveler (United States)
• Trafalgar (United States)
• Exotic Voyages (Vietnam)
• Realistic Asia (Vietnam)

Market Segmentation:
The Global Cultural Tourism Market is segmented by type into:

• Heritage Tourism
• Cultural Thematic Routes
• Cultural City Tourism
• Ethnic Tourism
• Event and Festival Tourism
• Pilgrimage Routes
• Creative Culture

Geographical segmentation includes:

• North America
• South America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)

Definition:
Cultural tourism involves traveling to cultural and historical sites, experiencing local traditions, and engaging in activities that highlight a destination’s cultural heritage. This can include visiting museums, monuments, heritage sites, attending cultural events and festivals, and exploring local cuisine and arts. Cultural tourism aims to provide educational and enriching experiences while supporting local economies.

Market Trends:

• Sustainable Tourism: There is a growing interest among travelers in responsible tourism practices that minimize environmental impact and benefit local communities.

Market Drivers:

• Heritage and Historical Sites: Destinations rich in history and culture, such as ancient ruins, museums, and historic landmarks, attract travelers who wish to learn about the past and appreciate local culture.

Market Opportunities:

• Unique Cultural Experiences: Travelers are seeking authentic and distinctive cultural experiences, such as cultural festivals, guided tours, and local cuisine, which can attract a significant number of tourists.

Market Analysis:
The report offers an in-depth analysis of various cultural tourism market segments, including Heritage Tourism, Cultural Thematic Routes, Cultural City Tourism, Ethnic Tourism, Event and Festival Tourism, Pilgrimage Routes, and Creative Culture.

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