France Outbound Tourism Market is Projected to Reach ~US$ 51.6 Mn by 2032
The France outbound tourism market is estimated to expand at a CAGR of over ~4.3% during the forecast period of 2022-2032. Sales in the market are slated to reach a valuation of US$ 51.6 Mn by the end of 2032.
Holiday entitlement is a scheme promoted by several multinationals in France to avail assigned days of leaves for leisure and relaxation purposes. In addition, the National Holiday Voucher Agency policy gives the privilege to the employees in accordance with the law enacted on 11th February 2005 for equal participation and opportunity for special amenities within the France tourism structure.
The policy helps to improvise the accessibility of the outbound tourism facilities and acts as a strong driver for outbound tourism, leisure, and culture. Industrial tourism has become a genuine tourism sector due to the presence of large multinationals in France.
Company visits abroad and industrial tourism have become prominent, both in terms of leisure and business tours. This factor not only promotes international and cross-border trade but also creates a healthy atmosphere among the employees of various companies. This trend is estimated to have a moderate to high impact on the France outbound tourism market.
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Key Takeaways from the France Outbound Tourism Market Study
- Based on purpose, the vacation segment is expected to witness fastest growth over the forecast period.
- In terms of tour category, package travel segment is expected lead the France outbound tourism market over the assessment period.
- Based on season, the October-December segment will create maximum revenue in the France outbound tourism market.
- In terms of gender, the female segment is expected to be the most lucrative segment over the forecast period.
- By top destinations, Spain and Italy are expected to be the most preferred locations among the consumers
“Leading tours and travel companies in France outbound tourism market are focusing on strengthening their footprint by adding various new tour packages in their portfolio with attractive deals and offers. They are also focusing on new ways of marketing their services to gain competitive edge in the market,” Says an FMI analyst.
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Who is winning?
Leading manufacturers of France outbound tourism market are focused on aggressive promotional strategies, advertisements, and new service offerings that have driven the growth of outbound tourism market in the U.K.
Major players present in the France outbound tourism market are Tui France, France Billet, Ticketnet, Odalys Evasion, Global Business Travel France, Travel Lab SAS, Oui.sncf SAS, Fram, Pv-Cp Distribution, and Vacances Heliades among others.
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Future Market Insights, in its new offering, provides an unbiased analysis of the France outbound tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
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The study divulges compelling insights on the France outbound tourism market based on age distribution (under 18 years, 18-25 years, 26-35 years, 36-45 years, 46-55 years & above 55 years), monthly income (less than US$ 2,000, US$ 2,000-3,999, US$ 4,000-7,999, US$ 8,000-11,999 & US$ 12,000 and above), gender (male & female), purpose (vacations, visiting family & friends, business trips, study, and others), mode of transportation (rail, air, sea, and road), travel frequency (once each year, several times each year, once for each 2-3 years, and others), season (January-March, April-June, July-September, and October-December), tour category (package travel, semi-independent travel, group tour, and independent travel), categories (transport, entertainment & site seeing, travel intermediaries, shopping, retail, and tipping), preference and behaviours (value-seeking sightseer, unplugged, aspirant, individualist, backpacker, shopper, novice traveller, and sophisticated traveller), tourist attraction favoured (sea/beaches, countryside, in the city, and mountain tracking, natural places), length of stay (nil nights, 1-3 nights, 4-7 nights, 8-14 nights, and 15+ nights), and top destinations (Spain, Italy, U.K., and Germany) across France.