Cultural Tourism Market to Grow at 35.55% CAGR to 2021

Global Cultural Tourism Market report states that one of the major factors hindering the growth of this market is High impact of terrorism. Terrorism has increased over the years and is impacting the tourism industry directly.

Global Cultural Tourism Market 2017-2021 is new research report added on The analysts forecast global cultural tourism market to decline at a CAGR of (35.55%) during the period 2017-2021.

Browse Complete 32 Exhibits, Top 14 Companies Profile, Spread across 76 pages available @ .

Commenting on the cultural tourism market report, an analyst says “The latest trend gaining momentum in the market is Growing instances of stress-related cases. Many factors influence stress in an individual's life and affect the health of a person directly. Stress level varies from one individual to another. In many cases, untreated stress could lead to anxiety, irritability, anger, lack of motivation or focus, restlessness, sadness, or depression. Stress weakens the immune system and exhausts the entire body physically and mentally. Untreated stress can also end up with behavioral changes like angry outbursts, drug or alcohol abuse, over- or under-eating, social withdrawal, and tobacco use.”

According to the cultural tourism market report, one of the major drivers for this market is Growing affordability. Per capita disposable income has low volatility in developed countries, which is attributed to the spike in double-income households. This has a direct influence on individual's spending capability. Because of improved spending capability, the affordability of high-end products has increased in developing countries. Therefore, higher disposable incomes in Pacific Rim countries, such as Malaysia, Indonesia, and Vietnam, are expected to drive the global cultural tourism market growth even further.

Main players in the global cultural tourism market: ACE Cultural Tours, Martin Randall Travel, Responsible Travel, and Odyssey World. Other Prominent Vendors in the market are: Aboriginal Tourism Association of British Columbia, Classic Journeys, Envoy Tours, Kudu Travel, Nature Quest, Splitrock Environmental, Tandem Travel, The Cultural Travel Company, Tourism Australia, and Wilderness Travels. Order a copy of Global Cultural Tourism Market 2017-2021 report @ .

Cultural tourism refers to the involvement of travelers with the culture of a country or region, which includes lifestyle, history, religion, art, culture, and architecture. Tourism refers to travel by individuals to places of interest, domestic or international, and staying in such places for not more than one consecutive year for leisure, business, and other purposes such as wellness and pilgrimage. Tourism is one of the major sources of income for many countries and has a positive impact on the economy of the source and host countries.

This report covers the present scenario and the growth prospects of the global cultural tourism market for 2017-2021. To calculate the market size, the report considers the revenue generated from domestic and international cultural tourism.
The market is divided into the following segments based on geography:
• Americas

The report, Global Cultural Tourism Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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List of Exhibits
Exhibit 01: Global tourism market 2016-2021 ($ trillions)
Exhibit 02: Global tourism market 2016-2021 (billions of individuals)
Exhibit 03: Global tourism market: Leading countries 2016
Exhibit 04: Global cultural tourism market: Overview
Exhibit 05: Global cultural tourism market 2016-2021 ($ trillions)
Exhibit 06: Preferred mode of transportation by tourists 2016
Exhibit 07: Five forces analysis
Exhibit 08: Global cultural tourism market by type 2016-2021 (% share of revenue)
Exhibit 09: Global cultural tourism market by type: Revenue comparison 2016-2021 ($ trillions)
Exhibit 10: Global cultural tourism market by type: CAGR comparison 2016-2021 (%) and more..

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Release ID: 237499