Package Holidays Market to Escalate Noticeably Worth $176.4 Billion By 2028

In Asia Pacific, the market is anticipated to witness strong growth in the market, registering a CAGR of 7.9% over the
forecast period. Increasing disposable income, increasing consumer spending on travel, and rising population are
attributed to the strong growth in the region. Rapid economic growth in China has reflected in the increasing number of
outbound tourist, contributing to market growth. Development and improvement of the tourist places to boost tourism
industry and government initiations likely to help fuel inbound tourism as well and drive the market.
Package Holidays Market Report Highlights
• Europe held a significant market share on revenue basis, accounted over 30.0% in 2020. Higher disposable
income, higher per capita income, developed tourism industry, along with higher spending on travel and leisure
activities are credited for the higher market share.
• Asia Pacific dominated the market and accounted for the largest revenue share in 2020 owing to continuous
growth and development in the travel and tourism sector in the region
• The conventional package segment dominated the market in 2020 and accounted for revenue share of 80.0%.
Higher preference of consumers and significant players offering pre-defined package holidays are attributed to
the higher market share
Package Holidays Market Segmentation
Million Insights has segmented the global package holiday market on the basis of type, and region:
• Package Holidays Type Outlook (Revenue, USD Million, 2017 - 2028)
• Conventional Package
• Dynamic Package
• Package Holidays Regional Outlook (Revenue, USD Million, 2017 - 2028)