Europe Tourism Market Introduction and Overview
According to SPER Market Research, the Europe Tourism Market is estimated to reach USD 2067.04 billion by 2033 with a CAGR of 6.01%.
The report includes an in-depth analysis of the Europe Tourism Market, including market size and trends, product mix, distribution channels, and supplier analysis.Tourism provides significantly to the expansion of European regions by creating jobs and resources, promoting sustainable development, enhancing cultural assets, and building European identity. Tourism infrastructure contributes more generally to local economic growth while providing (or retaining) jobs and helping to offset the decrease in the manufacturing sector.
- In February 2020, Intrepid Travel, the Melbourne-based adventure travel company, will collaborate with travel publisher Lonely Planet to launch a new line of co-branded trip packages.
- In February 2020, Insight Vacations expanded its assistance for travel agencies by relaunching its Agent App, which now includes new revenue-boosting features.
Market Opportunities and Challenges
Increased disposable income:
- People all throughout the world have more discretionary income to spend on themselves. This is due in part to wage increases and in part to lower prices for vital products such as food and clothing. Many families now have two income earners rather than one, fewer children, and frequently use a private method of transportation. All of these elements will contribute to the expansion of the European tourism business.
An increase in crime
- Travel advisories and cancellations are often issued in response to crimes against tourists, especially murder and kidnapping, and these incidents can have both a short-term and long-term effect. To entice travelers to return to locations that are generally seen as risky, it takes both enough time and a sizable marketing campaign. The main barrier to the development of the European tourism sector is the rise in criminal and terrorist activity there.
Market Competitive Landscape
Topdeck, Globus Journey, Trafalgar, Intrepid Travel, Abercrombie & Kent, Topdeck, Insight Vacation, Penguin Travel, G Adventures, Tauck, Butterfield & Robinson, Zegrahm Expeditions, and other significant players are among the major players that dominate the Europe tourism market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Purpose
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| Regions covered | Eastern Region, Southern Region, Western Region, Northern Region
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| Companies Covered | Topdeck, Globus Journey, Trafalgar, Intrepid Travel, Abercrombie & Kent, Topdeck, Insight Vacation, Penguin Travel, G Adventures, Tauck, Butterfield & Robinson and others |
COVID-19 Impact on Europe Tourism Market
The COVID-19 epidemic has had a significant and long-lasting effect on the European tourism industry. The tourism industry was completely paralyzed by travel restrictions, lockdowns, and health worries on the continent, which is renowned for its deep history, various cultures, and recognizable sites. The steep fall in foreign tourists hurt the economies of many largely tourist-dependent European nations including Spain, Italy, and Greece.
Key Target Audience:
- Leisure Travelers
- Business Travelers
- Cultural Enthusiasts
- Nature and Adventure Lovers
- Luxury Travelers
- Budget Travelers
- Senior Travelers
- Millennials and Gen Z
- Health and Wellness Travelers
- Food and Culinary Travelers
- Special Interest Groups
Our in-depth analysis of the Europe Tourism Market includes the following segments:
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By Type:
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Local/Domestic
International
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By Purpose:
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Adventure
Business
Medical
Religious
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Key Topics Covered in the Report:
- Europe Tourism Market Size (FY’2023-FY’2033)
- Overview of Europe Tourism Market
- Segmentation of Europe Tourism Market By Type (Local/Domestic)
- Segmentation of Europe Tourism Market By Purpose (Adventure, Business, Medical, Religious, Others)
- Statistical Snap of Europe Tourism Market
- Expansion Analysis of Europe Tourism Market
- Problems and Obstacles in Europe Tourism Market
- Competitive Landscape in the Europe Tourism Market
- Impact of COVID-19 and Demonetization on Europe Tourism Market
- Details on Current Investment in Europe Tourism Market
- Competitive Analysis of Europe Tourism Market
- Prominent Players in the Europe Tourism Market
- SWOT Analysis of Europe Tourism Market
- Europe Tourism Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Tourism Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Tourism Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Tourism Market
7. Europe Tourism Market, By Type (USD Million)
7.1. Europe Tourism Market Value Share and Forecast, By Type, 2023-2033
7.2. Local/Domestic
7.3. International
8. Europe Tourism Market , By Purpose (USD Million)
8.1. Europe Tourism Market Value Share and Forecast, By Purpose, 2023-2033
8.2. Adventure
8.3. Business
8.4. Medical
8.5. Religious
8.6. Others
9. Europe Tourism Market Forecast, 2019-2033 (USD Million)
9.1. Europe Tourism Market Size and Market Share
10. Europe Tourism Market, By Type, 2019-2033 (USD Million)
10.1. Europe Tourism Market Size and Market Share By Type, (2019-2026)
10.2. Europe Tourism Market Size and Market Share By Type (2027-2033)
11. Europe Tourism Market, By Purpose, 2019-2033 (USD Million)
11.1. Europe Tourism Market Size and Market Share By Purpose (2019-2026)
11.2. Europe Tourism Market Size and Market Share By Purpose (2027-2033)
12. Europe Tourism Market, By Region, 2019-2033 (USD Million)
12.1. Europe Tourism Market Size and Market Share By Region (2019-2026)
12.2. Europe Tourism Market Size and Market Share By Region (2027-2033)
12.3. Eastern Region
12.4. Southern Region
12.5. Western Region
12.6. Norther Region
13. Company Profile
13.1. Abercrombie & Kent
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Butterfield & Robinson
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. G Adventures
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Globus Journey
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Insight Vacation
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Intrepid Travel
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Penguin Travel
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Tauck
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Trafalgar
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Topdeck
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
