EDUCATIONAL TOURISM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The educational tourism market is estimated to be valued at USD 470.15 Bn in 2024, growing at a compound annual growth rate (CAGR) of 12.8% from 2024 to 2031. Educational tourism is one of the fastest growing segments of the tourism industry. It involves people travelling internationally or domestically to gain new knowledge and experiences through visiting places of cultural or historical significance, attending language courses, or taking specialized academic programs. The global educational tourism market has seen tremendous growth over the past decade due to rising disposable income, globalization, and increasing emphasis on life-long learning. More students are opting for educational trips abroad to enhance their learning experience and gain new perspectives. Several countries are also promoting their heritage and culture through educational activities and programs to attract foreign students and visitors. The market is expected to continue its upward trajectory in the coming years on the back of growing interest in educational travel.
Market Dynamics:
The global educational tourism market is driven by factors such as rising spending on education, growing cross-border student mobility, availability of affordable travel options, and emergence of virtual study tours. However, high costs associated with international educational trips, risks of pandemic outbreaks disrupting travel, and stringent visa regulations in some countries pose challenges. The market sees opportunities from increasing online course enrollments and blended learning programs that integrate virtual and on-location components of education. This flexible hybrid model increases the accessibility of educational tourism. Growth of medical tourism and learning vacations coupled with investments by governments and private organizations to promote their education ecosystems will also boost the industry prospects.
Key Features of the Study:
Market Segmentation
Table of Contents
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