Cultural Tourism Market by Type, Service, and Geography - Forecast ad Analysis 2023-2027

Published: Dec 2022 Pages: 159 SKU: IRTNTR44143

Cultural Tourism Market Report 2023-2027 

The Global Cultural Tourism Market size is estimated to grow by USD 6,600.71 million accelerating at a CAGR of 20.77% between 2023 and 2027. 

Our report offers in-depth analysis of market drivers, trends, opportunities, challenges, and restraints, with segmentation by type (domestic cultural tourism and international cultural tourism), service (cultural eco-tourism, indigenous cultural tourism, and socio-cultural tourism), and geography (Europe, APAC, North America, Middle East and Africa, and South America). Additionally, Technavio provides valuable insights through value chain analysis, parent market analysis, Porter’s Five analysis, vendor analysis, and COVID-19 impact data. The report also includes a thorough analysis of historical market data from 2017 to 2022.

Get Additional Information on this Report, Request Free Sample in PDF

Cultural Tourism Market Analysis and Insights

Growing affordability is the key driver boosting the market growth. The steady per capita disposable income in developed countries, thanks to the increase in dual-income households, directly impacts individual spending capacity. This boosts the affordability of high-end products in developing nations, particularly in Pacific Rim countries like Malaysia, Indonesia, and Vietnam, which is expected to drive global cultural tourism growth.

Furthermore, the global rise in the number of working women, such as in Italy where it increased from 41.45% in 2011 to 46.58% in 2019, has led to increased income levels. This allows consumers to indulge in cultural tourism and related activities. With rising incomes and increased market investments, the global cultural tourism market is poised for significant growth.

Growing instances of stress-related cases is a key cultural tourism market trends shaping the market. Various factors, including finances, family, work, and personal well-being, influence an individual's stress levels, directly affecting their health.

Untreated stress can lead to symptoms like anxiety, irritability, anger, and depression, weakening the immune system and impacting physical and mental health. This can also result in behavioral changes like substance abuse and overeating. Health professionals often recommend a change of environment to promote peace of mind and faster stress recovery, creating opportunities for cultural tourism providers targeting wellness seekers, and driving market growth in the forecast period.

The high impact of terrorism is a key challenge hindering the market growth. Growing terrorism directly harms the tourism industry, affecting popular destinations due to instability. Hotels, airlines, and restaurants suffer, exemplified by Kenya's experience with an average of 60 attacks annually between 2011 and 2017, often linked to groups like Al-Shabaab.

Terrorism also leads to tighter border security, causing delays and higher inspection levels. It increases security costs for critical infrastructure and raises insurance expenses. This upsurge in security spending elevates passenger fares. Tourist concerns about terrorism and increased travel costs may hinder global cultural tourism revenue, potentially impacting the market's growth in the forecast period.

Cultural Tourism Market Segmentation

The market share growth of the domestic cultural tourism segment will be significant during the forecast period. The domestic tourism economy around the world is lucrative and has been boosted by the growing trend of staycations. The domestic cultural holiday is cost-effective for individuals and has other benefits, such as making residents aware of the history and culture of their country. This type of tourism is likely to be less of a hassle for visitors, as visitors in domestic tourism are aware of the language, currency/food changes, or etiquette. Such factors will facilitate segment growth during the forecast period.

Cultural Tourism Market

By Type

Get a glance at the market contribution of various segments Request Free Sample

The domestic cultural tourism segment was valued at USD 2,013.50 million in 2017 and continued to grow by 2021. In countries such as India, domestic tourism is growing owing to local campaigns and government support. The contribution of domestic tourists and tourism to the Indian economy has increased. 

As domestic cultural tourism offers familiarity with the country's tourism policies, government rules, and risks associated with cultural tourism, the share of this segment is likely to continue to dominate the market during the forecast period.

Europe is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Cultural Tourism Market

By Europe

For more insights on the market share of various regions Request Free Samples

The growth of the cultural tourism market in Europe is driven by some of the popular destinations like Venice and its lagoon, the historic centers of Siena, the Piazza del Duomo in Pisa, and San Gimignano in Italy. Other destinations include the old city of Salamanca, the Alcazar in Seville, and Burgos Cathedral in Spain. In addition, Museumsinsel in Berlin, Cologne Cathedral, the town of Bamberg, and the Palaces and Parks of Potsdam and Berlin in Germany; Bourges Cathedral, Amiens Cathedral, Chartres Cathedral, and the Pont du Gard Roman aqueduct in France are some of the popular tourist destinations. These world-famous destinations in Western Europe are likely to drive the cultural tourism market in the region during the forecast period.

In 2020, the outbreak of COVID-19 severely affected the growth of the tourism sector in Europe. Stringent lockdowns were imposed in the UK, France, Italy, Germany, Ireland, Sweden, Belgium, and other countries to combat the spread of infection in 2020. Owing to travel restrictions and the outbreak of COVID-19 in the region, the demand for cultural tourism among travelers declined, which severely impacted the growth of the cultural tourism market in Europe in 2020. However, the lockdown restrictions were relaxed in the second half of 2020 with the help of rapid vaccination drives across Europe. This led to the resumption of travel by the end of 2021.

Cultural Tourism Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Segment Overview

The cultural tourism market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • Domestic cultural tourism
    • International cultural tourism
  • Service Outlook (USD Million, 2017 - 2027)
    • Cultural eco-tourism
    • Indigenous cultural tourism
    • Socio-cultural tourism
  • Region Outlook (USD Million, 2017 - 2027)
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • North America
      • The U.S.
      • Canada
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina

Cultural Tourism Market Scope

Report Coverage

Details

Page number

159

Base year

2022

Historic period

 2018 - 2022

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 20.77%

Market growth 2023-2027

USD 6,600.71 million

Market structure

Fragmented

YoY growth 2022-2023(%)

15.68

Regional analysis

Europe, APAC, North America, Middle East and Africa, and South America

Performing market contribution

Europe at 49%

Key countries

US, China, India, Italy, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ACE Cultural Tours Ltd, Aracari Travel, Classic Journeys LLC, Envoy Tours, Exodus Travels Ltd., G Adventures, Geographic Expeditions Inc., Indigenous Tourism BC, Intrepid Group Pty Ltd., Kudu Travel Ltd., Martin Randall Travel Ltd, Myths and Mountains, Odyssey World, Responsible Travel, Tandem Travel OOD, Tauck Inc., Travel Leaders Group Holdings LLC, Travelogy India Pvt. Ltd., Wilderness Travel, and FROSCH International Travel LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download PDF Sample

What are the Key Data Covered in this Cultural Tourism Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across Europe, APAC, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Service
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global cultural tourism market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global cultural tourism market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Service Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Service Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Domestic cultural tourism - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Domestic cultural tourism - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Domestic cultural tourism - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Domestic cultural tourism - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Domestic cultural tourism - Year-over-year growth 2022-2027 (%)
    • 6.4 International cultural tourism - Market size and forecast 2022-2027
      • Exhibit 38: Chart on International cultural tourism - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on International cultural tourism - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on International cultural tourism - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on International cultural tourism - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)

    7 Market Segmentation by Service

    • 7.1 Market segments
      • Exhibit 43: Chart on Service - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Service - Market share 2022-2027 (%)
    • 7.2 Comparison by Service
      • Exhibit 45: Chart on Comparison by Service
      • Exhibit 46: Data Table on Comparison by Service
    • 7.3 Cultural eco-tourism - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Cultural eco-tourism - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Cultural eco-tourism - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Cultural eco-tourism - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Cultural eco-tourism - Year-over-year growth 2022-2027 (%)
    • 7.4 Indigenous cultural tourism - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Indigenous cultural tourism - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Indigenous cultural tourism - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Indigenous cultural tourism - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Indigenous cultural tourism - Year-over-year growth 2022-2027 (%)
    • 7.5 Socio-cultural tourism - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Socio-cultural tourism - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Socio-cultural tourism - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Socio-cultural tourism - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Socio-cultural tourism - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Service
      • Exhibit 59: Market opportunity by Service ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 Italy - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 ACE Cultural Tours Ltd
              • Exhibit 112: ACE Cultural Tours Ltd - Overview
              • Exhibit 113: ACE Cultural Tours Ltd - Product / Service
              • Exhibit 114: ACE Cultural Tours Ltd - Key offerings
            • 12.4 Aracari Travel
              • Exhibit 115: Aracari Travel - Overview
              • Exhibit 116: Aracari Travel - Product / Service
              • Exhibit 117: Aracari Travel - Key offerings
            • 12.5 Classic Journeys LLC
              • Exhibit 118: Classic Journeys LLC - Overview
              • Exhibit 119: Classic Journeys LLC - Product / Service
              • Exhibit 120: Classic Journeys LLC - Key offerings
            • 12.6 Envoy Tours
              • Exhibit 121: Envoy Tours - Overview
              • Exhibit 122: Envoy Tours - Product / Service
              • Exhibit 123: Envoy Tours - Key offerings
            • 12.7 Exodus Travels Ltd.
              • Exhibit 124: Exodus Travels Ltd. - Overview
              • Exhibit 125: Exodus Travels Ltd. - Product / Service
              • Exhibit 126: Exodus Travels Ltd. - Key offerings
            • 12.8 FROSCH International Travel LLC
              • Exhibit 127: FROSCH International Travel LLC - Overview
              • Exhibit 128: FROSCH International Travel LLC - Business segments
              • Exhibit 129: FROSCH International Travel LLC - Key offerings
              • Exhibit 130: FROSCH International Travel LLC - Segment focus
            • 12.9 G Adventures
              • Exhibit 131: G Adventures - Overview
              • Exhibit 132: G Adventures - Product / Service
              • Exhibit 133: G Adventures - Key offerings
            • 12.10 Geographic Expeditions Inc.
              • Exhibit 134: Geographic Expeditions Inc. - Overview
              • Exhibit 135: Geographic Expeditions Inc. - Product / Service
              • Exhibit 136: Geographic Expeditions Inc. - Key offerings
            • 12.11 Indigenous Tourism BC
              • Exhibit 137: Indigenous Tourism BC - Overview
              • Exhibit 138: Indigenous Tourism BC - Product / Service
              • Exhibit 139: Indigenous Tourism BC - Key offerings
            • 12.12 Intrepid Group Pty Ltd.
              • Exhibit 140: Intrepid Group Pty Ltd. - Overview
              • Exhibit 141: Intrepid Group Pty Ltd. - Product / Service
              • Exhibit 142: Intrepid Group Pty Ltd. - Key offerings
            • 12.13 Kudu Travel Ltd.
              • Exhibit 143: Kudu Travel Ltd. - Overview
              • Exhibit 144: Kudu Travel Ltd. - Product / Service
              • Exhibit 145: Kudu Travel Ltd. - Key offerings
            • 12.14 Martin Randall Travel Ltd
              • Exhibit 146: Martin Randall Travel Ltd - Overview
              • Exhibit 147: Martin Randall Travel Ltd - Product / Service
              • Exhibit 148: Martin Randall Travel Ltd - Key offerings
            • 12.15 Odyssey World
              • Exhibit 149: Odyssey World - Overview
              • Exhibit 150: Odyssey World - Product / Service
              • Exhibit 151: Odyssey World - Key offerings
            • 12.16 Responsible Travel
              • Exhibit 152: Responsible Travel - Overview
              • Exhibit 153: Responsible Travel - Product / Service
              • Exhibit 154: Responsible Travel - Key offerings
            • 12.17 Travel Leaders Group Holdings LLC
              • Exhibit 155: Travel Leaders Group Holdings LLC - Overview
              • Exhibit 156: Travel Leaders Group Holdings LLC - Product / Service
              • Exhibit 157: Travel Leaders Group Holdings LLC - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 158: Inclusions checklist
                • Exhibit 159: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 160: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 161: Research methodology
                • Exhibit 162: Validation techniques employed for market sizing
                • Exhibit 163: Information sources
              • 13.5 List of abbreviations
                • Exhibit 164: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              cultural tourism market market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis