The market for activities related to tourism and water sports is referred to as the Global Tourism and Water Sports Market. This market includes leisure activities that take place on or in water bodies such as seas, oceans, rivers, and lakes. Tourism involves travelling for pleasure, and activities like exploring historical sites, sightseeing, and experiencing new cultures. Water sports activities include surfing, kayaking, scuba diving, water skiing, snorkeling, and jet skiing.
The global tourism and water sports market is a large and expanding industry, with millions of people travelling worldwide for these activities each year. The market is driven by factors such as an increase in disposable income, evolving lifestyles, and a growing interest in adventure activities. The industry is also affected by government policies and regulations, technological advancements, and the availability of equipment and facilities needed for water sports. The global tourism and water sports market presents an exciting and dynamic industry with vast potential for growth and development.
The Global Tourism and Water Sports Market has been greatly affected by the COVID-19 pandemic. Many countries have imposed travel restrictions and advised people to avoid non-essential travel due to the outbreak of the pandemic. This has led to a decrease in demand for tourism-related services, including water sports activities. Furthermore, the water sports industry has also suffered due to the closure of beaches and water sports facilities and restrictions on group gatherings. The fear of contracting the virus has also discouraged people from participating in water sports activities. As a result, the global tourism and water sports market has experienced a significant decline in revenue and profits, and many businesses in the industry have been forced to shut down or lay off their employees.
However, with the situation gradually improving and travel restrictions being lifted, it is expected that the tourism and water sports industries will recover. Governments and businesses are taking measures to ensure the safety of tourists and participants in water sports activities, such as implementing health and safety protocols and using technology to minimise contact. Overall, although COVID-19 has had a major impact on the global tourism and water sports market, it is anticipated that the industry will eventually recover with the proper measures in place.
Tourism and Water Sports Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Accor Group, Adris Group, Air BnB, Balkan Holidays Ltd, Crown Ltd., DuVine, Egypt Last Minute, Fred Harvey Company, G Adventures, Gray & Co, Memphis Tours, Nile Blue Tours, Ramasside Tours, TCS World Travel, Tourex Egypt, Travel Egypt.
Global Tourism and Water Sports Market Segmentation:
By Type: Based on the Type, Global Tourism and Water Sports Market is segmented as; Kite Diving, Scuba Diving, Wind Diving, Others.
By Application: Based on the Application, Global Tourism and Water Sports Market is segmented as; Group, Personal.
By Region: There is no denying that North America, and particularly the United States, will continue to play a significant role. The development tendency of tourism and water sports may be impacted by any changes made by the United States. During the course of the projected period, the North American market is anticipated to expand significantly. Due to the widespread use of cutting-edge technology and the presence of major competitors in this area, the market is projected to have plenty of room for expansion. Europe also has significant market share, and its CAGR during the forecast period has grown tremendously.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.