Key Trends in Global Family Travel Market 2018: Analysis of Family Travel Flows, Key Trends and Opportunities
The Exhaustive Study for Global Family Travel Market Research Report is added on Orbisresearch.com database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Dallas, United States – October 4, 2018 /MarketersMedia/ —
Global Family Travel Market 2018:
GlobalData’s “Key Trends in Family Travel”, report provides in-depth analysis of the key family travel markets globally and the trends that are shaping the future of this niche. Detailed commentary is provided on who is going where and why, and how companies can tap into this to better meet their customers’ needs.
With hectic schedules, it has become difficult for families to spend quality time together and bond. Moreover, with growing disposable income and a maturing consumer market, families are looking for experiences rather than tangible possessions. Therefore, family travel has immense potential for travel players to offer their services and boost revenues. Globally, family outbound trips reached 300.5 million in 2017.
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Key Players:
• Shangri-La Hotels and Resorts
• Linblad Expeditions
• National Geographic
• Acqualina
• Discover Corps
• Cox & Kings
Scope:
– Saudi Arabians’ family travel comprised 73% of their total outbound trips, followed by China (53%) and New Zealand (48%).
– Argentinian family travel accounted for only 6% of total outbound trips in 2017. Argentinians value family, but prefer to travel abroad either solo or in couples to limit household spending due to the depreciation of the Argentine peso against the major currencies such as the US dollar, Brazilian real, and the euro.
– According to GlobalData’s consumer survey, parents are likely to favor sun and beach (54%) holidays in the coming year, followed by visiting friends or family (34%) and city breaks (28%).
Reasons to buy:
– Gauge which are the biggest and most promising outbound tourist markets for family travel
– Understand the demand-side dynamics within the industry to identify key trends and growth opportunities
– Direct promotional efforts on the most promising markets by learning from existing successes and our recommendations.
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Key Points from TOC:
Overview
What is Family Travel?
Family Travel Flows
Insight into Family Travelers
Trends and Opportunities
Trends in Family Travel
In Action: Industry Responses to the Rise of Family Travel
Outlook
What is the Way Forward?
Appendix
References
Terminology and Definitions
About GlobalData
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