Coastal and Maritime Tourism Market to Worth USD 5.0 Trillion by 2030 | Skyquest Technology
Coastal and maritime tourism market is segmented based on product, application. Based on product the market is segmented into passenger ticket services and onboard & other services. Based on application the market is segmented into cruise tourism, yacht & sailing tourism, water sports & water activities, others- Industry forecast 2023-2030
Westford, USA, Aug. 29, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, favorable government initiatives to bolster the tourism sector are poised to catalyze growth within the coastal and maritime tourism market. These initiatives are expected to pave the way for significant advancements in tourism-related activities along coastal regions. One of the pivotal driving forces behind the expansion of leisure travel is the confluence of two key factors: the continuous development of infrastructure and the escalating investment in the tourism industry.
Browse in-depth TOC on the “Coastal and Maritime Tourism Market”
- Pages – 157
- Tables – 62
- Figures – 75
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The allure of natural beauty encompassing coastal regions, pristine beaches, and charming ports stands out as a foremost catalyst propelling the coastal and maritime tourism market. This captivating feature is a magnetic force that draws travelers seeking respite and rejuvenation in picturesque surroundings.
Report Scope & Segmentation:
| Attributes | Details |
| Market Size in 2022 | USD 3.07 Trillion |
| 2030 Value Projection | USD 5.0 Trillion |
| CAGR | 5.7% |
| Forecast Period | 2023-2030 |
| Segments Covered |
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| Regions Covered |
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Prominent Players in the Coastal and Maritime Tourism Market
- Royal Caribbean Cruises Ltd.
- Carnival Corporation & plc
- MSC Cruises
- Norwegian Cruise Line Holdings Ltd.
- TUI Group
- Princess Cruises
- Viking Cruises
- Costa Crociere
- American Cruise Lines
- Hurtigruten
- Silversea Cruises
- Crystal Cruises
- Seabourn Cruise Line
- Regent Seven Seas Cruises
- P&O Cruises
- Celestyal Cruises
- Disney Cruise Line
- Lindblad Expeditions
- Ponant
- Azamara Club Cruises
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Passenger Ticket Service Segment is Expected to Grow in the Market Due to Range of Costs Associated with Passenger Travel
Passenger ticket service sector emerged as a dominant contributor, constituting a substantial 73.1% of the total revenue in the coastal and maritime tourism market. This category encompasses a comprehensive range of costs associated with passenger travel. The passenger ticket price includes various elements such as taxes, fees, and additional charges that coastal and cruise tourism service companies collect from tourists.
The markets in Europe emerged as a dominant force within the coastal and maritime tourism market, securing a notable share of 32.3%. This substantial market presence can be attributed to a combination of key drivers that shape the region’s tourism landscape.
Water Sports and Water Activities Segment is Expected to Dominate the Market Due to its Vibrant Development
The market segment dedicated to water sports and water activities is projected to experience notable growth, exhibiting a CAGR of 7.6% throughout the forecast period. This expansion is underpinned by a confluence of factors contributing to the segment’s vibrant development in the coastal and maritime tourism market.
Regional markets in the Asia Pacific are poised to emerge as a leader in the coastal and maritime tourism market, with a projected growth rate of 6.8% during the forecast period. This dynamic expansion can be attributed to a notable shift in regional consumer preferences.
A comprehensive analysis of the major players in the coastal and maritime tourism market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
Key Developments in the Coastal and Maritime Tourism Market
- In 2022, the Norwegian Cruise Line unveiled its upcoming addition, the Norwegian Prima, set to debut in August 2022. This highly anticipated ship promises to introduce a host of cutting-edge amenities and exceptional experiences to the cruising industry. The Norwegian Prima is poised to redefine the cruise experience by offering passengers a range of innovative features, ensuring their voyage is marked by luxury and excitement.
- In 2022, they marked a significant milestone for Costa Cruises as they welcomed their latest, Costa Toscana, to the Carnival Corporation & plc family. This noteworthy addition signifies Costa Cruises’ ongoing commitment to enhancing its fleet with state-of-the-art ships that promise exceptional onboard offerings and an elevated cruise experience for passengers.
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Key Questions Answered in Coastal and Maritime Tourism Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market’s future growth?
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