BEACH TOURISM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The Beach Tourism Market is estimated to be valued at USD 237.62 Bn in 2024 and, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. Beach tourism refers to visits to a beach or seaside resort for purposes of relaxation and recreation. It is a major component of the tourism industry in many coastal regions and islands worldwide. Beaches around the world are top tourist attractions, whether for swimming, sunbathing, surfing or simply enjoying coastal scenery. The intrinsic natural beauty of beaches along with activities like swimming and other watersports make beach holidays highly popular among tourists seeking fun and leisure. Factors like pleasant weather, blue waters and scenic sunrises and sunsets draw millions to coastal destinations every year.

 Market Dynamics:

The beach tourism market growth is primarily driven by the rising discretionary incomes and international tourism expenditures that are allowing more people to take beach holidays. Growing popularity of destinations like Thailand, Maldives and Mexico aided by digital marketing over social media are also supporting the market's growth. However, the market faces restraints from seasonal nature of demand concentrated around summer months in the northern hemisphere and winter season in the southern hemisphere. Issues like beach pollution and plastic waste are also challenges for coastal destinations. The adoption of eco-friendly practices provide opportunities for destinations to promote sustainable tourism. Developing beach resorts catering to wellness, family segments and MICE also provide new avenues for expansion.

 Key Features of the Study:

• This report provides an in-depth analysis of the global beach tourism market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global beach tourism market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include TUI Group, Expedia Group, Inc., TripAdvisor, Inc., Thomas Cook, Booking.com B.V., Airbnb, Inc., Cox & Kings Ltd, apple leisure group, Kuoni travel group, On The Beach Group, Beach Travel, Safari & Beach, The Anaheim Tour Company, Dana Point.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global beach tourism market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global beach tourism market.

Market Segmentation

• Service Type:
  • Accommodation
  • Transportation
  • Activities
  • Others
• Traveler Type:
  • Solo
  • Group
• Regional:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • TUI Group
  • Expedia Group, Inc.
  • TripAdvisor, Inc.
  • Thomas Cook
  • Booking.com B.V.
  • Airbnb, Inc.
  • Cox & Kings Ltd
  • apple leisure group
  • Kuoni travel group
  • On The Beach Group
  • Beach Travel
  • Safari & Beach
  • The Anaheim Tour Company
  • Dana Point