Leisure Travel is projected to reach $1,464.3 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026
PORTLAND, OR, UNITED STATES, October 29, 2020 /EINPresswire.com/ — Leisure Travel Market by Traveler Type, Sales Channel, and Age Group: Global Opportunity Analysis and Industry Forecast, 2019-2026 ,” the global leisure travel market size was $953.9 billion in 2018, and is projected to reach $1,464.3 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026.
Digitalization, informatization and globalization upgrade in the past few years have spurred the fast growth of the leisure travel market. In today’s global economy, tourism is now playing a prominent role and taking a larger share in the economy, while bringing profound social impacts.
The outbound leisure travel market growth has gained significant momentum owing to rise in disposable income, expansion of logistics & infrastructure, rigorous promotion & advertising of tourism…
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