Global Culinary Tourism Market (2019-2023) to Record a CAGR Exceed 9% During the Forecast Period - Driven by the Increase in Integrative Culinary & Cultural Events - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 13, 2019--The “Global Culinary Tourism Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The culinary tourism market will register a CAGR of over 9% by 2023.
The travel and tourism market, attributed to a large number of individuals shifting their preferences from normal tourism activities to luxury tourism, including culinary tourism.
The popular destinations such as US, the UK, Germany, France, China, Australia, and Spain are witnessing an increasing number of travelers, both domestic and international, from across the world, thus contributing immensely to the growth of the global culinary tourism market. In addition, the developing countries, such as Sri Lanka, India, and Mexico, are also upgrading their tourism infrastructure, which is expected to further augment the market growth during the forecast period.
Increase in integrative culinary and cultural events
One of the strongest factors to support the popularity of culinary tourism is the growing number of local culinary programs introduced at music and arts festivals. Such events offer opportunities to the food service providers and other culinary tourism suppliers to get access to the large customer bases that are attracted to such events. Destination management organizations (DMOs) are also taking note of the growth of different art events and festivals and the role of food in them.
Eliteness quotient attached with luxury travels
Luxury tourism, including culinary tourism, is considered to be an elite part of any lifestyle due to the high cost associated with it. The elite nature of culinary tourism restricts the growth of the global culinary tourism market because many tourists, especially mass tourists, hesitate to spend too much on such trips. This, in turn, affects the global culinary tourism market growth during the forecast period.
The market appears to be fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Key PlayersAbercrombie & Kent Classic Journeys G Adventures ITC Travel Group T ELITE
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket definition Market sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY TYPEComparison by type Domestic - Market size and forecast 2018-2023 International - Market size and forecast 2018-2023 Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPEGeographic comparison Europe - Market size and forecast 2018-2023 North America - Market size and forecast 2018-2023 APAC - Market size and forecast 2018-2023 South America - Market size and forecast 2018-2023 MEA - Market size and forecast 2018-2023 Key leading countries Market opportunity
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDSGrowing popularity of sustainable and organic culinary tourism Increasing dependence on digital media Focus on data harnessing for personalized guest experience
PART 11: VENDOR LANDSCAPEOverview Landscape disruption Competitive scenario
PART 12: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors Abercrombie & Kent Classic Journeys G Adventures ITC Travel Group T ELITE
For more information about this report visit https://www.researchandmarkets.com/research/t9wqhz/global_culinary?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190213005399/en/
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Related Topics:Travel and Tourism
INDUSTRY KEYWORD: TRAVEL OTHER TRAVEL
SOURCE: Research and Markets
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PUB: 02/13/2019 07:57 AM/DISC: 02/13/2019 07:57 AM