The global cultural tourism market is expected to grow at a CAGR of no more than 7.2% between 2023 and 2033. Global market revenue is expected to exceed USD 657.2 billion by the end of 2023. Long term, the cultural tourism market is estimated at an estimated USD 1,316.4 billion in 2033. According to Future Market Insights historical analysis, the global cultural tourism market was valued at USD 617.0 billion in 2022.
Religious travel also plays an important role in actively promoting travel and heritage travel. Every year millions of religious pilgrims move from one part of the world to another. Historical tourism is the perfect combination of education, economy and entertainment.
The structure of the tourism industry has changed a lot over time. The global tourism ecosystem includes several new tourism streams. In recent years, the popularity of cultural tourism has increased.
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Heritage-rich destinations like New Jersey will attract more than 10 million tourists each year, according to figures released by the US government. Countries like India and China also attract several tourists each year and lead the historical tourism segment. The benefits generated by heritage travel are likely to have an impact on the global tourism economy.
The period under review saw a massive boom in wealth that contributed significantly to the GDP of many developing countries in the world. In recent years, the development of cultural tourism has affected the total income of several countries. Visitor spending at heritage sites has increased significantly. Countries rich in culture and heritage use special promotional measures to showcase heritage sites and attract visitors. Furthermore, millions of enthusiastic visitors line up around various historical sites and cultural heritage sites every year.
Key points to remember
- Governments around the world actively promote and preserve heritage sites. India's Ministry of Tourism has launched a tender, known as Swadesh Darshan, to develop themed tour itineraries for mass and specialist tourism.
- The Council on Library and Information Resources (CLIR) and Stanford Libraries announced the launch of the Digital Library of the Near East (DLME), which aims to become one of the world's largest online repositories of Near Eastern antiquities. . - East and North Africa. This will bring an increase in cultural tourism in the region.
- Heritage, culture and nature have quickly become major tourist attractions. They are considered as instruments of social and economic development. Countries can take advantage of their rich history to gain a competitive advantage, as the tourism industry is more closely related to a country's culture and heritage than any other industry.
- Heritage has made an important contribution to the economy and society, generating income and creating employment opportunities. This has led to the creation of various employment opportunities that lead to social well-being and the accumulation of social capital.
- The relationship between culture and economy has gone from the simple preservation of heritage sites to the guarantee of economic progress. Therefore, countries are trying to preserve their heritage sites and use them as an opportunity to develop their tourism sectors, contributing to the development of World Heritage tourism.
- Historic tourists are of great benefit to the tourism industry. This is because tourists like to spend a few extra hours at heritage sites to gain a deeper understanding of the country. In addition, increased prosperity can create a sense of pride among local residents and improve the standard of living for ordinary people. Heritage tourism not only benefits the global economy; it also has a positive impact on the life of heritage sites.
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competitive environment
Through cultural tourism, many companies can expand their customer base with attractive packages and services. There is effective cooperation in the tourism industry to help tourists plan the best heritage tour and explore the regions.
Cultural and historical tourism market by category
From direct suppliers:
- airlines
- hotel companies
- Car rental
- forms
- tour operators
- Governmental agencies
From indirect providers:
- OTA (online travel agency)
- Traditional travel agencies
- TMC (Tourism Management Society)
From the booking channel:
- book by phone
- online reservation
- book in person
Purpose of the visit:
- Business trip
- travel for pleasure
- Education-Work-Pilgrimage
- Visit friends and relatives
Trip type:
- independent traveler
- Travel Package
- the travel group
By type of tourism:
According to customer orientation:
By age group:
- up to 15 years
- 16-25
- 26-35
- 36-45
- 46-55
- over 55 years
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Additional information on the cultural and historical tourism market
Millennial travelers are desperate to experiment with new travel options and may stretch their budgets. In addition, the heritage tourism sector is dominated by the adult population and plays a very important role in generating income. This age group values trips to cultural heritage sites more than regular vacations.
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