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

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In Asia Pacific, the market is anticipated to witness strong growth in the market, registering a CAGR of 7.9% over theforecast period. Increasing disposable income, increasing consumer spending on travel, and rising population areattributed to the strong growth in the region. Rapid economic growth in China has reflected in the increasing number ofoutbound tourist, contributing to market growth. Development and improvement of the tourist places to boost tourismindustry 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 disposableincome, higher per capita income, developed tourism industry, along with higher spending on travel and leisureactivities are credited for the higher market share.• Asia Pacific dominated the market and accounted for the largest revenue share in 2020 owing to continuousgrowth 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 tothe higher market sharePackage Holidays Market SegmentationMillion 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)
• North America• U.S.• Canada• Europe• U.K.• Germany• France• Asia Pacific• China• India• Japan• Central & South America• Brazil• Argentina• Middle East & Africa• Saudi Arabia• South AfricaList of Key Players of Package Holidays Market• TUI Group• Thomas Cook (India) Ltd.• Cox & Kings Ltd.• Booking Holdings Inc.• REWE Group• Trip.com Group Limited• Jet2 plc• Scott Dunn Ltd.• MakeMyTrip Pvt. Ltd.
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Package Holidays Market to Escalate Noticeably Worth $176.4 Billion By 2028

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