PUBLISHER: Allied Market Research | PRODUCT CODE: 1179632
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179632
The global discount events and experiences market size was valued at $77,374.5 million in 2021, and is estimated to reach $202,563.2 million by 2031, registering a CAGR of 7.6% from 2022 to 2031.
The global discount events and experiences market has witnessed a significant growth in the past few years owing to the rise in consumer expenditure of travelling and tourism, growing indulgence in recreational and leisure activities, rise in standards of living, growing demand for experiential products and services, rise in employment, rise in disposable income of the consumers, and rise in population of millennials across the globe. The demand for leisure, entertainment, adventure, and recreational activities is significantly higher in the developed regions like Europe and North America. The strong economic growth coupled with rise in employment levels and improving standards of living is a major driver behind the surge in demand for the discount events and experiences across the globe.
Improvement in economic condition and upsurge in disposable income are significant factors that propel the growth of the discount events and experiences market. After the 2009 economic crisis in Europe and China, the global economy has witnessed a standstill. However, strong recovery from the crisis resulted in strong economic growth, especially in developing economies, and has led to increase in disposable income among the middle-income groups, consequently adding to the middle-class population. In addition, disposable income of individuals in North America and Asia-Pacific has witnessed a significant increase, thus acting as a major driver for the discount events and experiences market. There has been a shift in consumer preferences and trends as medium- and high-income consumers in urban areas are shifting from essential products & services towards entertainment and better experience services, which is expected to have a significant and positive impact on the growth of the global discount events and experiences market.
According to the discount events and experiences market analysis, the market is segmented on the basis of service type and region. On the basis of service type, the market is segmented into driving, food and drink, spa and beauty, tour and travel, sports, sightseeing, theater and events, arts and crafts, and others. Region-wise, the discount events and experiences market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands, Sweden, Belgium, Denmark, Finland, Poland, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, Singapore, Thailand, Malaysia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, UAE, and rest of LAMEA).
Groupon, Inc., Eventbrite, Zoutons, GrabOn, Virgin Experience Days, Activity Superstore, Buyagift, Red Letter Days, GFM ClearComms, Anschutz Entertainment Group, CL Events, Clarion Events Ltd., DRPG Group, and Entertaining Asia are some of the leading players in the global discount events and experiences market.
Key Benefits For Stakeholders
By Service Type
By Region