Global Domestic Tourism Market

Global Domestic Tourism Market Size, Share, Growth Analysis, By Type(Local Travel, and Interstate Travel), By Application(Adventure Tourism, and Sports Domestic Tourism) - Industry Forecast 2024-2031

Report ID: SQMIG20U2002 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 61 | Figures: 75

Global Domestic Tourism Market News

  • In April 2023, Booking.com announced a partnership with Google, allowing customers to book hotels and flights directly through the Google search engine in the domestic tourism market.
  • In February 2023, Marriott International announced the acquisition of a portfolio of 15 hotels across Germany, expanding its presence in the domestic tourism market in the region.
  • In January 2023, Expedia Group announced a $1 billion investment in its domestic tourism market strategy, focusing on technology development and marketing initiatives.
  • In August 2022, Hilton Worldwide Holdings announced a partnership with Uber, allowing customers to easily book and access transportation services through the Hilton app in the domestic tourism market.
  • In June 2022, Airbnb announced a partnership with global payment provider, PayPal, to offer a seamless payment experience for domestic and international travelers.
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Global Domestic Tourism Market size was valued at USD 1390.4 billion in 2022 and is poised to grow from USD 1576.71 billion in 2023 to USD 4311.79 billion by 2031, growing at a CAGR of 13.4% during the forecast period (2024-2031).

The competitive landscape of the domestic tourism market is highly fragmented, with numerous players competing for market share. These include tour operators, travel agencies, airlines, hotels, and other hospitality service providers. In addition, the rise of digital platforms and online booking systems has increased competition by making it easier for smaller players to enter the market. The industry is also highly dynamic, constantly evolving trends and consumer preferences. Players must continually adapt and innovate to stay competitive by offering unique and personalized experiences, adopting eco-friendly practices, and embracing new technologies. 'Airbnb (US)', 'Expedia Group (US)', 'Booking Holdings (Netherlands)', 'TripAdvisor (US)', 'Marriott International (US)', 'Hilton Worldwide (US)', 'Accor (France)', 'InterContinental Hotels Group (UK)', 'China Travel (China)', 'Delta Air Lines (US)', 'American Airlines Group (US)', 'United Airlines (US)', 'Southwest Airlines (US)', 'Carnival Corporation & plc (US)', 'Royal Caribbean Group (US)', 'TUI Group (Germany)', 'Japan Airlines (Japan)', 'Air France-KLM (Netherlands)', 'Lufthansa Group (Germany)', 'Emirates Group (UAE)'

One major global market driver is the increasing disposable income and changing lifestyles of people worldwide. As people spend more leisure activities, they are more likely to travel domestically or internationally for vacations, business trips, or other purposes. 

Growing Focus on Sustainable Tourism Practice: One key trend in the domestic tourism market is the increasing focus on sustainable and responsible tourism practices. Consumers are becoming more environmentally and socially conscious and are seeking travel experiences that align with their values.

North America dominated the global market, owing to the presence of numerous popular tourist destinations such as the United States and Canada. The region offers diverse attractions, including natural wonders, cultural landmarks, and entertainment hubs, making it a popular destination for travellers worldwide.

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