Religious Tourism Market Size- By Type, By Sales Channel, By Religion Type, By Age Group- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

PUBLISHED: April 7, 2023

PAGES: 244 Pages

DELIVERY TIME: 1-2 business days

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Description

Global Religious Tourism Market Overview

According to SPER Market Research, the Global Religious Tourism Market is estimated to reach USD 2.22 billion by 2032 with a CAGR of 6.25%.

A type of tourism known as "religious tourism," "sacred tourism," or "spiritual tourism" has two main subtypes: pilgrimage, which refers to travel made for spiritual or religious reasons, and examining religious structures and artifacts as a subtype of sightseeing. Religious travel, often referred to as faith travel, is the practice of traveling for religious or spiritual purposes by individuals or groups in search of a higher purpose. It might fall under missionary, pious, or recreational goals. The Religious Tourism Market is driven by an increase in population, an increase in disposable income, and a rise in consumer awareness of travel destinations. Low-cost air travel, an increase in leisure travel, and an increase in a number of international travel destinations are also driving factors.

Increasingly, young people are visiting religious monuments and artifacts to learn more. Growing Religious Tourism Popularity as a Way to Show Commitment to a Certain Faith and Growing Preference for Religious Travel Among the Over-50 Age Group are Two Market Driving Factors. Opportunities for market expansion are provided by government initiatives and budgetary allocations to promote spiritual tourism in nations like India. Religious tourism can be regarded as a top-tier type of travel Because it benefits the local culture and society, together with the financial benefits that may ultimately be invested in the preservation of the regional cultural and religious heritage, this type of tourism aids in increasing awareness of people's shared heritages, which aids in their preservation.

Impact of COVID-19 on the Global Religious Tourism Market

The COVID-19 outbreak has had an impact on a number of areas, including travel restrictions and quarantines, restaurant closures, flight cancellations, restrictions on all indoor events, emergency declarations in numerous countries, a decline in business confidence, a significant slowdown in the supply chain, unpredictability in the stock market, escalating public panic, and uncertainty about the future. The epidemic has had an impact on the religious tourism industry.

Scope of the Report

Report Metric Details:

Market size available for years 2019-2032

Base year considered 2021

Forecast period 2022-2032

Segments covered By Type, By Sales Channel, By Religion Type, By Age Group

Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered AAA Travel, Altour, American Express Global Business Travel, BCD Travel, Carlson Wagonlit Travel, China CYTS Tours Holding, China Travel, Corporate Travel Management, Direct Travel, Expedia Group, Fareportal/Travelong, Frosch, HRG North America, JTB Americas Group, Omega World Travel, Ovation Travel Group, Priceline Group, Travel and Transport, Travel Leaders Group, World Travel, Inc.

Global Religious Tourism Market Segmentation:

By Type: Based on the Type, Global Religious Tourism Market is segmented as; Domestic, International.

By Religion Type: Based on the Religion Type, Global Religious Tourism Market is segmented as; Buddhism, Catholicism, Confucianism, Hinduism, Islam, Others.

By Age Group: Based on the Age Group, Global Religious Tourism Market is segmented as; Below 30 Years, 30-40 Years, 40-50 Years, above 50 Years.

By Region: In this sector, the Asia Pacific region has amassed the greatest market share. This area benefits from the diversity of its product offerings and its host of nations with distinct religious cultures.

Product Code: TRAT2307

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 Premium insight from KOL's
2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Religious Tourism Market

5. Market variables and outlook

5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape

6.1 Global Religious Tourism Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Religious Tourism Market

7. Global Religious Tourism Market, By Type, 2019-2032 (USD Million)

7.1 Domestic
7.2 International

8. Global Religious Tourism Market, By Sales Channel, 2019-2032 (USD Million)

8.1 Offline
8.2 Online

9. Global Religious Tourism Market, By Religion Type,2019-2032 (USD Million)

9.1 Buddhism
9.2 Catholicism
9.3 Confucianism
9.4 Hinduism
9.5 Islam
9.6 Others

10. Global Religious Tourism Market, By Age Group, 2019-2032 (USD Million)

10.1 Below 30 Years
10.2 30-40 Years
10.3 40-50 Years
10.4 Above 50 Years

11. Global Religious Tourism Market, By Region, 2019-2032 (USD Million)

11.1 Global Religious Tourism Market and Market Share by Region (2019-2025)
11.2 Global Religious Tourism Market and Market Share by Region (2026-2032)
11.3 Asia-Pacific
- 11.3.1 Australia
- 11.3.2 China
- 11.3.3 India
- 11.3.4 Japan
- 11.3.5 South Korea
- 11.3.6 Rest of Asia-Pacific
11.4 Europe
- 11.4.1 France
- 11.4.2 Germany
- 11.4.3 Italy
- 11.4.4 Spain
- 11.4.5 United Kingdom
- 11.4.6 Rest of Europe
11.5 Middle East and Africa
- 11.5.1 Kingdom of Saudi Arabia
- 11.5.2 United Arab Emirates
- 11.5.3 Rest of Middle East & Africa
11.6 North America
- 11.6.1 Canada
- 11.6.2 Mexico
- 11.6.3 United States
11.7 Latin America
- 11.7.1 Argentina
- 11.7.2 Brazil
- 11.7.3 Rest of Latin America

12. Company Profiles

12.1 AAA Travel
- 12.1.1 Company details
- 12.1.2 Financial outlook
- 12.1.3 Product summary
- 12.1.4 Recent developments
12.2 Altour
- 12.2.1 Company details
- 12.2.2 Financial outlook
- 12.2.3 Product summary
- 12.2.4 Recent developments
12.3 American Express Global Business Travel
- 12.3.1 Company details
- 12.3.2 Financial outlook
- 12.3.3 Product summary
- 12.3.4 Recent developments
12.4 BCD Travel
- 12.4.1 Company details
- 12.4.2 Financial outlook
- 12.4.3 Product summary
- 12.4.4 Recent developments
12.5 Carlson Wagonlit Travel
- 12.5.1 Company details
- 12.5.2 Financial outlook
- 12.5.3 Product summary
- 12.5.4 Recent developments
12.6 China CYTS Tours Holding
- 12.6.1 Company details
- 12.6.2 Financial outlook
- 12.6.3 Product summary
- 12.6.4 Recent developments
12.7 China Travel
- 12.7.1 Company details
- 12.7.2 Financial outlook
- 12.7.3 Product summary
- 12.7.4 Recent developments
12.8 Corporate Travel Management
- 12.8.1 Company details
- 12.8.2 Financial outlook
- 12.8.3 Product summary
- 12.8.4 Recent developments
12.9 Direct Travel
- 12.9.1 Company details
- 12.9.2 Financial outlook
- 12.9.3 Product summary
- 12.9.4 Recent developments
12.10 Expedia Group
- 12.10.1 Company details
- 12.10.2 Financial outlook
- 12.10.3 Product summary
- 12.10.4 Recent developments
12.11 Fareportal/Travelong
- 12.11.1 Company details
- 12.11.2 Financial outlook
- 12.11.3 Product summary
- 12.11.4 Recent developments
12.12 Frosch
- 12.12.1 Company details
- 12.12.2 Financial outlook
- 12.12.3 Product summary
- 12.12.4 Recent developments
12.13 HRG North America
- 12.13.1 Company details
- 12.13.2 Financial outlook
- 12.13.3 Product summary
- 12.13.4 Recent developments
12.14 JTB Americas Group
- 12.14.1 Company details
- 12.14.2 Financial outlook
- 12.14.3 Product summary
- 12.14.4 Recent developments
12.15 Omega World Travel
- 12.15.1 Company details
- 12.15.2 Financial outlook
- 12.15.3 Product summary
- 12.15.4 Recent developments
12.16 Ovation Travel Group
- 12.16.1 Company details
- 12.16.2 Financial outlook
- 12.16.3 Product summary
- 12.16.4 Recent developments
12.17 Priceline Group
- 12.17.1 Company details
- 12.17.2 Financial outlook
- 12.17.3 Product summary
- 12.17.4 Recent developments
12.18 Travel and Transport
- 12.18.1 Company details
- 12.18.2 Financial outlook
- 12.18.3 Product summary
- 12.18.4 Recent developments
12.19 Travel Leaders Group
- 12.19.1 Company details
- 12.19.2 Financial outlook
- 12.19.3 Product summary
- 12.19.4 Recent developments
12.20 World Travel, Inc.
- 12.20.1 Company details
- 12.20.2 Financial outlook
- 12.20.3 Product summary
- 12.20.4 Recent developments