Technavio – आवारा मुसाफिर

AI is powering Travel services market evolution in India

October 6, 2024107 Views

Driven by M&A, partnerships, and strategic alliances, to grow by USD 21.21 billion from 2024-2028 The Travel Services Market in India is a thriving industry, catering to various segments of travelers, from individual adventurists to corporate professionals. Air travel is a significant part of this market, with both low-cost and full-service airlines offering competitive prices and routes. Online travel services have revolutionized the industry, allowing travelers to book flights, accommodations, transportation, and tour packages with just a few clicks. AI and robotics are being integrated into travel services, providing personalized recommendations and seamless booking processes. The sharing economy, including homestays and car rentals, is also gaining popularity. Solo travelers...

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The adventure tourism market is projected for phenomenal growth

AWARA MUSAFIR BUREAU

September 28, 202495 Views

AI is driving market evolution and rising disposable income boosting revenue With the rise of easy internet access and widespread smartphone usage, consumers now rely on online reviews to plan their adventure holidays. This trend significantly benefits the travel industry, enabling travelers to research and book adventure activities with confidence. Online portals provide essential information, including testimonials, destination images, and weather reports, making it easier for travelers to make informed decisions. The availability of maps, guides, and food and lodging options further enhances the convenience. Overall, the online review system is a key trend driving the growth of the adventure tourism market. The Global Adventure Tourism Market size is estimated to grow by USD 5.78...

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Catering to the affluent elite, global luxury yacht market experiences significant growth

AWARA MUSAFIR BUREAU

September 7, 2024153 Views

The global luxury yacht market size is estimated to grow by USD 5.22 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.61% during the forecast period. Increase in recreational tourism is driving market growth, with a trend towards use of advanced materials. However, high cost of operations poses a challenge. The luxury yacht market is a thriving industry that caters to the affluent and elite, offering unparalleled experiences on the water. Yacht interiors are designed with opulence in mind, featuring high-end materials, custom furnishings, and state-of-the-art technology. Luxury yacht amenities include hot tubs, swimming pools, gyms, spas, and helipads. Yacht features include advanced navigation systems, stabilizers for smooth sailing, and e...

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Digitalization to boost MICE market growth

AWARA MUSAFIR BUREAU

June 30, 2024181 Views

Market size set to grow by USD 249.2 billion from 2024-2028 The global meetings, incentives, conventions, and exhibitions (MICE) market size is estimated to grow by USD 249.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.94% during the forecast period. Digitalization of travel payments is driving market growth, with a trend towards rapid increase in globalization. However, threat of growing terrorism poses a challenge. Key market trends fuelling growth The global MICE market is experiencing significant growth due to business expansion driven by globalization. Companies like Toyota, Walmart, and Adidas are actively expanding their market presence in countries such as India, China, and Saudi Arabia. This growth is fuelled by co...

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Golf Tourism Market set for phenomenal growth

AWARA MUSAFIR BUREAU

June 27, 2024186 Views

Growing emphasis on golf infrastructure worldwide to boost the market growth The global golf tourism market size is estimated to grow by USD 9.09 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.72% during the forecast period. Growing emphasis on golf infrastructure worldwide is driving market growth, with a trend towards advent of integrated mobile solutions in golf clubs and other equipment. However, increasing threat from fantasy sports poses a challenge. Key market trends fuelling growth The golf tourism market has experienced growth in the past decade, with approximately 26 million people in the US playing golf occasionally. This trend is driving the need for golf clubs to offer integrated mobile solutions, provid...

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Increase in road-trip tourism boost the motorcycle rental market

AWARA MUSAFIR BUREAU

June 16, 2024313 Views

The motorcycle rental market is experiencing significant growth, with an increasing number of tourists and commuters opting for two-wheelers for travel. Motorcycles offer convenience, flexibility, and cost-effectiveness, making them a popular choice. In recent years, electric motorcycles have gained traction due to their eco-friendliness and low operating costs. The global motorcycle rental market size is estimated to grow by USD 354.4 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 15.42% during the forecast period. Increase in road-trip tourism is driving market growth, with a trend towards rise in popularity of renting motorcycles through e-commerce. However, rise in on-demand taxi operators poses a challenge. The Motorcycle...

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Recreational Boats gaining popularity among tourists, boat enthusiasts

AWARA MUSAFIR BUREAU

May 3, 2024321 Views

The global recreational boats market size is estimated to grow by USD 5631.52 mn from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.66% during the forecast period. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 48%. Major Players in the Market Numerous companies are capitalizing on this growing trend by implementing strategic measures such as alliances, partnerships, mergers, and acquisitions. Among the notable players in the cheese based snacks market are: A. H. Wadia Boat Builders, Azimut Benetti SpA, Baja Marine, Bavaria Yachtbau GmbH, Brunswick Corp., Christensen Shipyards LLC, Damen Shipyards Group, Feadship Holland BV, Grady White Boat...