GENERAL

European Union Tourism Market is Expected to go up to US$ 1262.97 billion in 2032 | FMI

The European Union tourism market whose worth, as of 2022, was US$ 585 billion, is anticipated to rise at a CAGR of 8%, with a target valuation of US$ 1262.97 billion by 2032.

Considered to be a destination for travellers of any kind, and beautified with some glorious places, the European Union tourism market is expected to increase.

The European Union is one of the most loved tourist destinations, and is meant for its historical places. The beaches in this region are clean.

Moreover, if we talk about countries per se, there are huge number of countries to visit in the European Union. The region is home to some of the most beautiful mountains, and the diverse culture amongst various nations makes the entire region lively.

Not only that, the European Union also contains certain ‘Wonders of the World’ which makes the region a popular holiday destination.

What are the Current Market Dynamics pertaining to European Union Tourism Market?

The European Union is synonymous to some of the most beautiful buildings, and towers. If we talk about towers, France is the country which immediately comes to our mind. It is the home to one of the wonders of the world, which is ‘Eiffel Tower’.

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The Eiffel tower is a major tourist attraction, and the tourists from across the world visit France to get a glimpse of Eiffel Tower, which was built for the purpose of celebrating French revolution. The Eiffel Tower is made up of wrought iron.

The Loire Valley in France is famous historical towns and castles. The place is famous for picturesque landscape.

Who are Some of the Key Players in the European Union Tourism Market?

Some of the key players in the European Union tourism market are: Topdeck, The Natural Adventure Company, G Adventures, Intrepid, Trafalgar, GJ Travel, Shamrocker Adventures, Exodus Travel, On Go tours, Tauck, and Tuckan.

  • Chantha Meas of the G Adventures won the Wanderlust World Guide Awards in 2019. His testimonials speak volumes about his work.
  • Exodus Travel group won the sustainability champion award at the ‘Which? Awards 2022’ in recognition for their sustainability goals and initiatives.

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Key Segments Profiled in the European Union Tourism Market Survey

By Booking Channel:

  • Phone booking
  • Online booking
  • In person booking

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age group:

  • 15-25 years
  • 26-35 years
  • 36-45 years
  • 46-55 years
  • 56-65 years
  • 66-75 years

By Tour type:

  • Independent traveller
  • Tour Group
  • Package Traveller

By Tourist Type:

  • Domestic
  • International

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