The Tourism Market For Seniors | United States

The tourism market includes traveling that is connected to three components – physical activity, cultural immersion and natural environment. Tourism travel generally lasts more than 24 hours in duration and can be in domestic or international destinations.

This segment of the industry, including the adventure tourism industry, is slated to grow at a combined CAGR of 46% by 2020. Scientific research states that travel is one of the top goals of senior citizens and the industry is forecasted to see a boom in the senior population by 2031. Geological tourism is one of the fastest growing segments in this industry. Main motivators of senior tourism include a desire for relaxation, learning, freight travels, and educational trips related to art, music, food, culture and language.

Key drivers tied to the growth of this industry include increasing baby boomers, growing number of seniors, a desire to visit the past of culturally exotic locations and a desire for exploration.

Mystery tourism travels are gaining wide popularity amongst seniors due to the anticipation and surprise element involved in visiting an unknown place. The main challenge faced by this industry is the fear of facing life threatening activities by terrorists during travels.

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Expedia

  • Country : United States
  • Turnover : USD 8.774 billion
  • Position : A travel and tourism company that operates several international hospitality brands worldwide.

The Priceline Group Inc.

  • Country : United States
  • Turnover : USD 10.64 billion
  • Position : A company that offers travel and tourism-related services online.

American Express Company (Amex)

  • Country : United States
  • Turnover : USD 32.12 billion
  • Position : A leader in finance, insurance, and travel services, Amex provides attractive vacation packages for seniors.

Carlson Wagonlit Travel

  • Country : United States
  • Turnover : USD 23 billion
  • Position : A tourism service organization specializing in business travel, and various vacation packages.

Hilton Worldwide

  • Country : United States
  • Turnover : USD 11.66 billion
  • Position : An American hospitality company that operates a chain of hotels and resorts across the world.

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