| Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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NEWARK, Del, Sept. 05, 2022 (GLOBE NEWSWIRE) — The global incentive tourism market is anticipated to witness a dollar opportunity by exhibiting a phenomenal CAGR of 19.7% from 2022 to 2032. According to the newly released data by Future Market Insights (FMI), the incentive tourism market is expected to garner US$ 109000 Million in 2022 and is projected to reach US$ 879300 Million by 2032.
The stats of the global incentive tourism market showcase a considerable chunk of the global travel & tourism market. The total sales of the global incentive tourism market garner around 5.5% of the global tourism market.
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Giant corporations are looking for ways to expand their business within legal boundaries in order to serve the welfare of society on a massive scale. The most effective cog in the wheel is to achieve profits which are possible by enhancing employee performance.
Major players are companies offering incentive tourism programs as noncash compensation. Such investments being made by the companies for their employees are expected to surge the demand for global incentive tourism.
Key Companies Profiled
More Insights into the Incentive Tourism Market
North America is considered to dominate the global incentive tourism market. Surrounded by oceans from all sides, it offers everything that travel lovers seek, ranging from majestic forests to heaving fields, and bright metropolises, the region has got everything to offer for the best performing employees.
Europe is believed to be one of the leading and most popular destinations with well-developed infrastructure and compact geography makes traveling easy as well as memorable in Europe. The region is especially popular for its rich heritage and history and distinct cultures. The home to some most famous landmarks makes the European region stand out from the rest.
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Global Incentive Tourism Market by Category
By Tour Type:
By Tourist Type:
By Booking Channel:
By Consumer Orientation:
By Age Group:
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.1.1. Who Is Travelling?
1.1.2. How Much Do They Spend?
1.1.3. Direct Contribution of Tourism To GDP
1.1.4. Direct Contribution of Tourism To Employment
1.2. Tourism Evolution Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Total Spending (US$ Mn) and Forecast (2022-2032)
2.2. Number of Incentive based Tourists (Mn) and Forecast (2022-2032)
2.3. Total Spending Y-o-Y Growth Projections (2022-2032)
2.4. Number of Incentive based Tourists Y-o-Y Growth Projections
3. Global Tourism Industry Analysis
3.1. Tourism Industry Overview
3.1.1. Travel & Tourism Industry Contribution To Global GDP
220.127.116.11. Business Spending v/s Leisure Spending
18.104.22.168. Domestic v/s Foreign
22.214.171.124. Direct, Indirect, and Induced
3.1.2. Travel Sector Contribution to Global Overall Employment
To be continued…!
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2 thoughts on “Incentive Tourism Market Size to Hit US$ 879300 Million with 19.7% CAGR, by 2032 | Future Market Insights, Inc. – GlobeNewswire”
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