Product Code: A17517
The global driving vacation market was valued at $121,200.0 million in 2021, and is projected to reach $513,254.0 million by 2031, registering a CAGR of 15.7% from 2022 to 2031.
Driving vacations include extensive road trips that can be taken either independently or with a driver. In other words, a driving vacation is when a person travels outside of their usual environment and explores locations that interest them personally. Online travel service providers make travel planning easy and road trip hassle free. OTAs invest millions of dollars each year to attract customers from all over the world to their online travel markets. Their investment on television and internet advertising, sponsorships and billboards, social media and other marketing platforms enables hotels and travel agencies to engage hard-to-reach travelers they could not afford to reach otherwise. Additionally, the adoption of web-based hotel and ticket booking as well as the use of AI and IoT to improve booking operation efficiency are expected to bolster the growth of the driving vacation market. Booking a trip takes only minutes rather than hours because the Internet allows customers to communicate quickly with the travel partners of the agencies.
Growth in in the consumer spending and desire to explore unique location has led to emergence of new destination in the country. The driving vacation market witnesses growth due to three reasons:
- People were under lockdown well over 2 years due to COVID-19 and have missed out on exploring and enjoying side seeing for that time period. Thus as the restriction are being lifted people are moving out of their houses and traveling to tourist places.
- There is an increase spending capabilities and desire to explore unique location has led to emergence of new destination in the country.
- People are now trying to enjoy the route which they take rather than visiting just the destinations for vacation. For example, the route 76 in US is quite famous for bike riders and Spiti Valley in India is also an iconic location that is recommended to be explore by road for its scenic beauty.
- Furthermore, People are now trying to avoid crowded places and are much more interested to visit to locations that are remote, untouched, and not easily accessible to all. COVID-19 pandemic has impacted all the industries globally. The driving vacation industry has been hit hard all over the world, impacting its associated sectors such as travel agencies, hospitality, tour operators, and all kinds of transportation services.
- The global driving vacation market is categorized into tour type, traveler type, mode of booking and region. By tour type, it is classified into customized road tour and fixed departure tour. On the basis of traveler type, it is fragmented into solo, group and others. By mode of booking, the market is segmented into online travel agency and direct travel agents. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Switzerland, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia and Rest of Asia-Pacific). LAMEA (UAE, South Africa, Saudi Arabia, Brazil, Turkey and Rest of LAMEA)
- The key players profiled in this report include Alamo, Adventures overland, American Express Travel, Expedia group Inc., The hertz corporation, JTB Americas ltd., Priceline (booking holding Inc., Scott Dunn ltd., SOTC travel, Thomas Cook India Pvt. Ltd, Tourradar, Travel leader group, Travelsphere, Triumph Expedition Pvt. Ltd., Undiscovered mountains, Wexas Travel Management, World travel Inc., Butterfield & Robinson, Wild frontiers travel and Audley travel.
- Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the driving vacation market analysis from 2021 to 2031 to identify the prevailing driving vacation market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the driving vacation market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global driving vacation market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Tour Type
- Customized Road Tour
- Fixed Departure Tour
By Traveler type
By Mode of booking
- Online travel agency
- Direct travel agents
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Switzerland
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- UAE
- South Africa
- Saudi Arabia
- Brazil
- Turkey
- Rest of LAMEA
- Key Market Players
- Alamo
- Adventures overland
- TourRadar
- Expedia Group Inc.
- JTB AMERICAS, LTD
- SCOTT DUNN LTD
- SOTC travel
- THOMAS COOK INDIA LTD
- travelsphere
- wexas travel management
- Triumph expedition pvt. Ltd
- Undiscovered mountains
- AMERICAN EXPRESS TRAVEL
- World travel inc
- BUTTERFIELD & ROBINSON
- the hertz corporation
- travel leaders group
- PRICELINE (BOOKING HOLDINGS INC.)
- wild frontiers travel.com
- Audley Travel
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Market Share Analysis
CHAPTER 4: DRIVING VACATION MARKET, BY TOUR TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Customized Road Tour
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Fixed Departure Tour
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
CHAPTER 5: DRIVING VACATION MARKET, BY TRAVELER TYPE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Solo
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Group
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
- 5.4 Others
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country
CHAPTER 6: DRIVING VACATION MARKET, BY MODE OF BOOKING
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Online travel agency
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 Direct travel agents
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
CHAPTER 7: DRIVING VACATION MARKET, BY REGION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 North America
- 7.2.1 Key trends and opportunities
- 7.2.2 North America Market size and forecast, by Tour Type
- 7.2.3 North America Market size and forecast, by Traveler type
- 7.2.4 North America Market size and forecast, by Mode of booking
- 7.2.5 North America Market size and forecast, by country
- 7.2.5.1 U.S.
- 7.2.5.1.1 Market size and forecast, by Tour Type
- 7.2.5.1.2 Market size and forecast, by Traveler type
- 7.2.5.1.3 Market size and forecast, by Mode of booking
- 7.2.5.2 Canada
- 7.2.5.2.1 Market size and forecast, by Tour Type
- 7.2.5.2.2 Market size and forecast, by Traveler type
- 7.2.5.2.3 Market size and forecast, by Mode of booking
- 7.2.5.3 Mexico
- 7.2.5.3.1 Market size and forecast, by Tour Type
- 7.2.5.3.2 Market size and forecast, by Traveler type
- 7.2.5.3.3 Market size and forecast, by Mode of booking
- 7.3 Europe
- 7.3.1 Key trends and opportunities
- 7.3.2 Europe Market size and forecast, by Tour Type
- 7.3.3 Europe Market size and forecast, by Traveler type
- 7.3.4 Europe Market size and forecast, by Mode of booking
- 7.3.5 Europe Market size and forecast, by country
- 7.3.5.1 UK
- 7.3.5.1.1 Market size and forecast, by Tour Type
- 7.3.5.1.2 Market size and forecast, by Traveler type
- 7.3.5.1.3 Market size and forecast, by Mode of booking
- 7.3.5.2 Germany
- 7.3.5.2.1 Market size and forecast, by Tour Type
- 7.3.5.2.2 Market size and forecast, by Traveler type
- 7.3.5.2.3 Market size and forecast, by Mode of booking
- 7.3.5.3 France
- 7.3.5.3.1 Market size and forecast, by Tour Type
- 7.3.5.3.2 Market size and forecast, by Traveler type
- 7.3.5.3.3 Market size and forecast, by Mode of booking
- 7.3.5.4 Italy
- 7.3.5.4.1 Market size and forecast, by Tour Type
- 7.3.5.4.2 Market size and forecast, by Traveler type
- 7.3.5.4.3 Market size and forecast, by Mode of booking
- 7.3.5.5 Switzerland
- 7.3.5.5.1 Market size and forecast, by Tour Type
- 7.3.5.5.2 Market size and forecast, by Traveler type
- 7.3.5.5.3 Market size and forecast, by Mode of booking
- 7.3.5.6 Spain
- 7.3.5.6.1 Market size and forecast, by Tour Type
- 7.3.5.6.2 Market size and forecast, by Traveler type
- 7.3.5.6.3 Market size and forecast, by Mode of booking
- 7.3.5.7 Rest of Europe
- 7.3.5.7.1 Market size and forecast, by Tour Type
- 7.3.5.7.2 Market size and forecast, by Traveler type
- 7.3.5.7.3 Market size and forecast, by Mode of booking
- 7.4 Asia-Pacific
- 7.4.1 Key trends and opportunities
- 7.4.2 Asia-Pacific Market size and forecast, by Tour Type
- 7.4.3 Asia-Pacific Market size and forecast, by Traveler type
- 7.4.4 Asia-Pacific Market size and forecast, by Mode of booking
- 7.4.5 Asia-Pacific Market size and forecast, by country
- 7.4.5.1 China
- 7.4.5.1.1 Market size and forecast, by Tour Type
- 7.4.5.1.2 Market size and forecast, by Traveler type
- 7.4.5.1.3 Market size and forecast, by Mode of booking
- 7.4.5.2 Japan
- 7.4.5.2.1 Market size and forecast, by Tour Type
- 7.4.5.2.2 Market size and forecast, by Traveler type
- 7.4.5.2.3 Market size and forecast, by Mode of booking
- 7.4.5.3 India
- 7.4.5.3.1 Market size and forecast, by Tour Type
- 7.4.5.3.2 Market size and forecast, by Traveler type
- 7.4.5.3.3 Market size and forecast, by Mode of booking
- 7.4.5.4 South Korea
- 7.4.5.4.1 Market size and forecast, by Tour Type
- 7.4.5.4.2 Market size and forecast, by Traveler type
- 7.4.5.4.3 Market size and forecast, by Mode of booking
- 7.4.5.5 Australia
- 7.4.5.5.1 Market size and forecast, by Tour Type
- 7.4.5.5.2 Market size and forecast, by Traveler type
- 7.4.5.5.3 Market size and forecast, by Mode of booking
- 7.4.5.6 Thailand
- 7.4.5.6.1 Market size and forecast, by Tour Type
- 7.4.5.6.2 Market size and forecast, by Traveler type
- 7.4.5.6.3 Market size and forecast, by Mode of booking
- 7.4.5.7 Malaysia
- 7.4.5.7.1 Market size and forecast, by Tour Type
- 7.4.5.7.2 Market size and forecast, by Traveler type
- 7.4.5.7.3 Market size and forecast, by Mode of booking
- 7.4.5.8 Indonesia
- 7.4.5.8.1 Market size and forecast, by Tour Type
- 7.4.5.8.2 Market size and forecast, by Traveler type
- 7.4.5.8.3 Market size and forecast, by Mode of booking
- 7.4.5.9 Rest of Asia-Pacific
- 7.4.5.9.1 Market size and forecast, by Tour Type
- 7.4.5.9.2 Market size and forecast, by Traveler type
- 7.4.5.9.3 Market size and forecast, by Mode of booking
- 7.5 LAMEA
- 7.5.1 Key trends and opportunities
- 7.5.2 LAMEA Market size and forecast, by Tour Type
- 7.5.3 LAMEA Market size and forecast, by Traveler type
- 7.5.4 LAMEA Market size and forecast, by Mode of booking
- 7.5.5 LAMEA Market size and forecast, by country
- 7.5.5.1 UAE
- 7.5.5.1.1 Market size and forecast, by Tour Type
- 7.5.5.1.2 Market size and forecast, by Traveler type
- 7.5.5.1.3 Market size and forecast, by Mode of booking
- 7.5.5.2 South Africa
- 7.5.5.2.1 Market size and forecast, by Tour Type
- 7.5.5.2.2 Market size and forecast, by Traveler type
- 7.5.5.2.3 Market size and forecast, by Mode of booking
- 7.5.5.3 Saudi Arabia
- 7.5.5.3.1 Market size and forecast, by Tour Type
- 7.5.5.3.2 Market size and forecast, by Traveler type
- 7.5.5.3.3 Market size and forecast, by Mode of booking
- 7.5.5.4 Brazil
- 7.5.5.4.1 Market size and forecast, by Tour Type
- 7.5.5.4.2 Market size and forecast, by Traveler type
- 7.5.5.4.3 Market size and forecast, by Mode of booking
- 7.5.5.5 Turkey
- 7.5.5.5.1 Market size and forecast, by Tour Type
- 7.5.5.5.2 Market size and forecast, by Traveler type
- 7.5.5.5.3 Market size and forecast, by Mode of booking
- 7.5.5.6 Rest of LAMEA
- 7.5.5.6.1 Market size and forecast, by Tour Type
- 7.5.5.6.2 Market size and forecast, by Traveler type
- 7.5.5.6.3 Market size and forecast, by Mode of booking
CHAPTER 8: COMPANY LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Key developments
CHAPTER 9: COMPANY PROFILES
- 9.1 Alamo
- 9.1.1 Company overview
- 9.1.2 Company snapshot
- 9.1.3 Operating business segments
- 9.1.4 Product portfolio
- 9.1.5 Business performance
- 9.1.6 Key strategic moves and developments
- 9.2 Adventures overland
- 9.2.1 Company overview
- 9.2.2 Company snapshot
- 9.2.3 Operating business segments
- 9.2.4 Product portfolio
- 9.2.5 Business performance
- 9.2.6 Key strategic moves and developments
- 9.3 AMERICAN EXPRESS TRAVEL
- 9.3.1 Company overview
- 9.3.2 Company snapshot
- 9.3.3 Operating business segments
- 9.3.4 Product portfolio
- 9.3.5 Business performance
- 9.3.6 Key strategic moves and developments
- 9.4 Expedia Group Inc.
- 9.4.1 Company overview
- 9.4.2 Company snapshot
- 9.4.3 Operating business segments
- 9.4.4 Product portfolio
- 9.4.5 Business performance
- 9.4.6 Key strategic moves and developments
- 9.5 the hertz corporation
- 9.5.1 Company overview
- 9.5.2 Company snapshot
- 9.5.3 Operating business segments
- 9.5.4 Product portfolio
- 9.5.5 Business performance
- 9.5.6 Key strategic moves and developments
- 9.6 JTB AMERICAS, LTD
- 9.6.1 Company overview
- 9.6.2 Company snapshot
- 9.6.3 Operating business segments
- 9.6.4 Product portfolio
- 9.6.5 Business performance
- 9.6.6 Key strategic moves and developments
- 9.7 PRICELINE (BOOKING HOLDINGS INC.)
- 9.7.1 Company overview
- 9.7.2 Company snapshot
- 9.7.3 Operating business segments
- 9.7.4 Product portfolio
- 9.7.5 Business performance
- 9.7.6 Key strategic moves and developments
- 9.8 SCOTT DUNN LTD
- 9.8.1 Company overview
- 9.8.2 Company snapshot
- 9.8.3 Operating business segments
- 9.8.4 Product portfolio
- 9.8.5 Business performance
- 9.8.6 Key strategic moves and developments
- 9.9 SOTC travel
- 9.9.1 Company overview
- 9.9.2 Company snapshot
- 9.9.3 Operating business segments
- 9.9.4 Product portfolio
- 9.9.5 Business performance
- 9.9.6 Key strategic moves and developments
- 9.10 THOMAS COOK INDIA LTD
- 9.10.1 Company overview
- 9.10.2 Company snapshot
- 9.10.3 Operating business segments
- 9.10.4 Product portfolio
- 9.10.5 Business performance
- 9.10.6 Key strategic moves and developments
- 9.11 TourRadar
- 9.11.1 Company overview
- 9.11.2 Company snapshot
- 9.11.3 Operating business segments
- 9.11.4 Product portfolio
- 9.11.5 Business performance
- 9.11.6 Key strategic moves and developments
- 9.12 travel leaders group
- 9.12.1 Company overview
- 9.12.2 Company snapshot
- 9.12.3 Operating business segments
- 9.12.4 Product portfolio
- 9.12.5 Business performance
- 9.12.6 Key strategic moves and developments
- 9.13 travelsphere
- 9.13.1 Company overview
- 9.13.2 Company snapshot
- 9.13.3 Operating business segments
- 9.13.4 Product portfolio
- 9.13.5 Business performance
- 9.13.6 Key strategic moves and developments
- 9.14 Triumph expedition pvt. Ltd
- 9.14.1 Company overview
- 9.14.2 Company snapshot
- 9.14.3 Operating business segments
- 9.14.4 Product portfolio
- 9.14.5 Business performance
- 9.14.6 Key strategic moves and developments
- 9.15 Undiscovered mountains
- 9.15.1 Company overview
- 9.15.2 Company snapshot
- 9.15.3 Operating business segments
- 9.15.4 Product portfolio
- 9.15.5 Business performance
- 9.15.6 Key strategic moves and developments
- 9.16 wexas travel management
- 9.16.1 Company overview
- 9.16.2 Company snapshot
- 9.16.3 Operating business segments
- 9.16.4 Product portfolio
- 9.16.5 Business performance
- 9.16.6 Key strategic moves and developments
- 9.17 World travel inc
- 9.17.1 Company overview
- 9.17.2 Company snapshot
- 9.17.3 Operating business segments
- 9.17.4 Product portfolio
- 9.17.5 Business performance
- 9.17.6 Key strategic moves and developments
- 9.18 BUTTERFIELD & ROBINSON
- 9.18.1 Company overview
- 9.18.2 Company snapshot
- 9.18.3 Operating business segments
- 9.18.4 Product portfolio
- 9.18.5 Business performance
- 9.18.6 Key strategic moves and developments
- 9.19 wild frontiers travel.com
- 9.19.1 Company overview
- 9.19.2 Company snapshot
- 9.19.3 Operating business segments
- 9.19.4 Product portfolio
- 9.19.5 Business performance
- 9.19.6 Key strategic moves and developments
- 9.20 Audley Travel
- 9.20.1 Company overview
- 9.20.2 Company snapshot
- 9.20.3 Operating business segments
- 9.20.4 Product portfolio
- 9.20.5 Business performance
- 9.20.6 Key strategic moves and developments