Clever Insight
The market size of safari tourism is expected to grow from US$30.48 billion to US$56.57 billion within 10 years. The main driver of the growth of safari tourism is the growing interest of bloggers and influencers in safari holidays.
NEWARK, June 13, 2024 (GLOBE NEWSWIRE) — Brainy Insights projects the safari tourism market to grow from USD 30.48 billion in 2023 to USD 56.57 billion by 2033. Social media is home to a large number of travel-related blogs and influencers with large followings. These people post travel-related information on social media. Rising demand for unique and exotic vacation experiences, increasing spending among the middle and upper classes, and growing influence of social media on the travel industry are the key factors expected to drive the expansion throughout the forecast period.
Request Market Scope & Parent Market Analysis Sample PDF: https://www.thebrainyinsights.com/enquiry/sample-request/14408
Key Insights into the Safari Tourism Market
Asia Pacific is expected to expand at the highest CAGR of 8.63% during the forecast period.
Asia Pacific is expected to grow at the highest CAGR of 8.63% during the forecast period. The tourism industry in Asia Pacific is growing rapidly due to several factors including growing political stability, increasing disposable income and free time, accelerating economic growth, and increased focus on aggressive tourism promotion. Moreover, according to the United Nations World Tourism Organization (UNWTO), Asia Pacific was the second most popular tourist destination in the world in 2020 after Europe.
The private safari segment is expected to register the highest CAGR of 9.63% during the forecast period in the safari tourism market.
The private safari segment is expected to grow at the highest CAGR of 9.63% in the safari tourism market. Private safaris offer greater independence along with the safety and convenience of a personal vehicle and guide. Depending on your interests and budget, you can choose between an elegant or simple private safari. According to a SafariBookings report, the pandemic had a significant impact on the safari sector in Africa between March 2020 and May 2022. However, according to the results of the latest survey conducted in May 2022, most safari travel companies are reporting a notable recovery.
The safari camp segment is expected to register the highest CAGR of 10.73% in the safari tourism market during the forecast period.
The safari camp segment is expected to grow at the highest CAGR of 10.73% in the safari tourism market during the forecast period. Seasonal mobile safari camps offer a traditional safari experience. Tented safari camps are designed to move from one location to another two or three times a year and stay in one location for several months. This ensures that the location is always splendid and allows the camp to track the seasonal migration of wildlife. Seasonal camps are found in and around the northern Serengeti National Park, along the major migration hotspots along the Mara River.
The story continues
Before purchasing this report, please contact us at: https://www.thebrainyinsights.com/enquiry/buying-inquiry/14408
Market Trends
Driver: Travelers’ growing preference for authentic and unique experiences
One of the key factors driving the global safari tourism sector is the growing demand for authentic and unique travel experiences. Safari trips offer an opportunity to observe animals in their natural habitat and learn about different cultures and customs. The market is expanding due to the growing middle and upper-middle class population and their increasing propensity to spend money on travel. The demand for safari tourism is predicted to rise as more people seek immersive experiences.
Curb: Exorbitant prices for safari tours
One of the main obstacles for the global safari tourism industry is the high cost of safari trips, which reduces the number of potential customers. Safari vacations are typically expensive due to factors such as hotels, permits, and transportation. A lack of hotel options and inadequate road systems in some countries may further hinder market development. Additionally, safety concerns in some areas, such as animal attacks and political unrest, may scare off potential tourists and hinder market growth.
Leading companies operating in the Safari Tourism market are:
• Thomas Cook Group
• Scott Dunn Co., Ltd.
• & Beyond
• Abercrombie & Kent USA LLC
• Backstreets
• Wilderness
• Rothschild Safari
• Gamewatchers Safaris Ltd.
• Singita
• TUI Group
• Trafcore Tours & Safaris
Key segments covered in the market:
By type:
• Private Safari
• Adventure Safari
• others
By accommodation type:
• Safari Camp
• Safari Resorts & Lodges
• Treehouse
• others
By region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain and other European countries)
Asia Pacific (China, Japan, India and rest of Asia Pacific)
• South America (Brazil and Rest of South America)
• Middle East and Africa (UAE, South Africa, Rest of Middle East and Africa)
Interested in Procure Data? Visit: https://www.thebrainyinsights.com/buy-now/14408/single
About the report:
The market has been analyzed based on value (USD Billion). All segments have been analyzed globally, regionally and country-wise. The study includes an analysis of more than 30 countries for each part. The report analyzes the drivers, opportunities, restraints and challenges to gain key insights into the market. The study includes Porter’s five forces model, attractiveness analysis, product analysis, demand and supply analysis, competitor position grid analysis, distribution and marketing channel analysis.
About The Brainy Insights:
Brainy Insights is a market research company that aims to provide actionable insights to companies through data analytics to improve their business acumen. We have robust forecasting and estimation models that meet the client’s objectives of delivering quality outcomes in a short span of time. We offer both customized (client-specific) and syndicated reports. Our repository of syndicated reports is diverse across all categories and subcategories across all domains. Our customized solutions are tailored to meet the requirements of our clients, whether they are looking to expand in the global market or planning a new product launch.
inquiry
Avinash D
Business Development Manager
Phone: +1-315-215-1633
Email: sales@thebrainyinsights.com
Web: http://www.thebrainyinsights.com
