U.S. faith-based tourism market to post CAGR of 9.2% by
NEWARK, Del, Aug. 02, 2022 (GLOBE NEWSWIRE) — According to the latest industry analysis from Future Market Insights, the U.S. faith-based tourism market is poised to reach a valuation of $1,001 min in 2022. Sales in the U.S. faith-based tourism market are expected to increase to 9.2% CAGR from 2022 to 2032.
The religious sector has been attracting large numbers of people to attraction sites such as shrines and deity-receiving places since time immemorial. Over time, the concept evolved into spiritual tourism, in which visiting believers are treated as tourists as they seek ways to market their visit as a vacation in addition to fulfilling their religious purpose.
Faith-based tourism is expected to expand the travel industry in the United States. The Roman Catholic Church effectively implemented pilgrimage traditions in the country, thereby establishing a variety of shrines with sacred relics of martyrs, miracles and stories of healing, Marian apparitions and patrons. saints.
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Key Takeout: US faith tourism market
- By booking channel, the online booking segment is expected to generate a significant share of 45% in the American faith-based tourism market.
- In terms of age group, the 46-55 segment is expected to take the lion’s share until 2032.
- By type of tourists, the domestic segment is expected to remain at the top in terms of share during the forecast period.
- In terms of tour type, the package traveler segment is expected to generate the largest share of the US faith-based tourism industry.
- Based on tourism type, the religious and heritage tour segment is expected to dominate the US faith-based tourism market.
“Strong demand for more authentic experiences among tourists, such as immersing themselves in the spiritual and cultural traditions associated with a religion or shrine, would drive the faith-based tourism market in the United States,” says an analyst from the IMF.
Competitive landscape: US faith-based tourism market
Leading companies in the US faith-based tourism market are focusing on robust promotional strategies such as advertisements as well as launching new packages to generate high sales.
Major companies in the faith-based tourism industry in the United States include Expedia Group, Booking Holdings, American Express Global Business Travel, BCD Travel, CWT, Flight Centre, Travel Leaders Group, American Express, Direct Travel, Corporate Travel Management North America , Fareportal, American Automobile Association, Travel and Transport, Frosch and Omega World Travel, among others.
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U.S. faith-based tourism market outlook by category
By type of tourism:
- Day trips and local gateways
- Religious and heritage visits
By booking channel:
- Reservation by phone
- Online booking
- Reservation in person
By type of tourist:
By age group:
- 15-25 years old
- 26-35 years old
- 36-45 years old
- 46-55 years old
- 66-75 years old
By Consumer Orientation:
By type of tour:
- Independent Travelers
- Tour groups
- Package travelers
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1.1. U.S. faith-based tourism market outlook
1.1.1. Who travels?
1.1.2. How much are they spending?
1.1.3. Direct contribution of tourism to GDP
1.1.4. Direct contribution of tourism to employment
1.2. Analysis of the evolution of faith-based tourism
1.3. MFI analysis and recommendations
2. Presentation of the market
2.1. Total expenditure (millions of US dollars) and forecast (2022-2032)
2.2. Number of tourists (Mn) and forecast (2022-2032)
2.3. Projected annual growth in total expenditure (2022-2032)
2.4. Projections of annual growth in the number of tourists
3. Faith-Based Analysis of the Tourism Industry
3.1. Overview of the faith-based tourism industry
3.1.1. Contribution of the faith-based tourism industry to the GDP of the United States
3.1.2. Contribution of the faith-based tourism sector to overall employment in the United States
3.1.3. Impact of Covid-19
4. Dynamics of the American faith-based tourism market
4.1. Market drivers and opportunities
4.1.1. Rapid infrastructure development driving market growth
4.1.2. Growing number of government initiatives to promote the tourism industry
4.1.3. Others (while studying the course)
5. Market Context
5.1. Macroeconomic factors
5.1.1. US GDP Growth Outlook
5.1.2. US industry added value
5.1.3. Consumer Spending Outlook
Read more Table of contents…
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