DUBLIN, September 25, 2017 /PRNewswire/ --
The "Global Cultural Tourism Market 2017-2021" report has been added to Research and Markets' offering.
The global cultural tourism market to decline at a CAGR of (35.55%) during the period 2017-2021.
Global Cultural Tourism Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. 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. To calculate the market size, the report considers the revenue generated from domestic and international cultural tourism.
According to the report, one of the major drivers for this market is Growing affordability. Per capita disposable income has low volatility in developed countries, which is attributed to the spike in double-income households. This has a direct influence on individual's spending capability. Because of improved spending capability, the affordability of high-end products has increased in developing countries. Therefore, higher disposable incomes in Pacific Rim countries, such as Malaysia, Indonesia, and Vietnam, are expected to drive the global cultural tourism market growth even further.
The latest trend gaining momentum in the market is Growing instances of stress-related cases. Many factors influence stress in an individual's life and affect the health of a person directly. Stress level varies from one individual to another. In many cases, untreated stress could lead to anxiety, irritability, anger, lack of motivation or focus, restlessness, sadness, or depression. Stress weakens the immune system and exhausts the entire body physically and mentally. Untreated stress can also end up with behavioral changes like angry outbursts, drug or alcohol abuse, over- or under-eating, social withdrawal, and tobacco use.
Further, the report states that one of the major factors hindering the growth of this market is High impact of terrorism. Terrorism has increased over the years and is impacting the tourism industry directly. In 2014, the Association of British Travel Agents found that a number of popular holiday destinations were affected by the social, political, and economic unrest. Terrorism affects a large number of industries associated with tourism. Some of the industries that directly get affected are hotels, airlines, and restaurants.
- ACE Cultural Tours
- Martin Randall Travel
- Responsible Travel
- Odyssey World
Other prominent vendors
- Aboriginal Tourism Association of British Columbia
- Classic Journeys
- Envoy Tours
- Kudu Travel
- Nature Quest
- Splitrock Environmental
- Tandem Travel
- The Cultural Travel Company
- Tourism Australia
- Wilderness Travels
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Type
Part 07: Market Segmentation By Category
Part 08: Buying Criteria
Part 09: Market Segmentation By Geography
Part 10: Key Leading Countries
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/hxf24c/global_cultural
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SOURCE Research and Markets