Tourism Market Size in terms of volume and value 2014-2020 FMI | Page 4

Report
Description
Report Description
The global tourism market is segmented on the basis of type, industry products, activities
involved and geography. On the basis of type, international tourism and domestic/local
tourism are the two major types of tourism market. Along with it, on the basis of purpose
of travel or tourism the market for global tourism is segmented into adventure tourism,
leisure business travel, conference or seminar travel, business tourism, visiting relatives
and friends. The companies providing tourism services offer various products and
services to their customer. Thus, the industry products included in the global tourism
industry are traveler accommodations, travel arrangement and reservations, air
transportation, other local transport such as car rental, food and beverage
establishments, recreation and entertainment, gasoline and other retail activities.
Further, the industry activities considered within the global tourism market include
traveler accommodation services, providing hospitality services to international tourists,
airline operation, automotive rental, travel agent and tour arrangement services.
Countries such as U.S., Germany and France are popular destinations for global tourism;
but in recent years other less well known countries from Asia and Africa have emerged as
destinations of interest for international travelers. Thus, tourism service providers are
realigning their services in order to reap the economic benefits from this trend
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