Bleisure Travel Market Size
| Study Period | 2020-2029 |
| Market Size (2024) | USD 558.55 Billion |
| Market Size (2029) | USD 880.43 Billion |
| CAGR (2024 - 2029) | 9.52 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Bleisure Travel Market Analysis
The Bleisure Travel Market size is estimated at USD 558.55 billion in 2024, and is expected to reach USD 880.43 billion by 2029, growing at a CAGR of 9.52% during the forecast period (2024-2029).
The rise in popularity of leisure travel can be attributed to its ability to enhance business travel by including leisure activities, rendering the trip far more enjoyable and satisfying. It provides the chance to balance professional obligations with the chance to explore new places, cultures, and attractions. Due to this trend, travel agencies, lodging providers, and airlines are now compelled to provide customized packages, services, and facilities that meet the needs of both leisure as well as business travelers.
Since many businesses implemented remote work policies during the pandemic, the lines between work and personal time have become blurred. Some business travelers are turning their trips into vacations because of the flexibility that remote work arrangements provide. Business travelers intend to extend their business visits beyond the epidemic period to enhance their work-life equilibrium. This is anticipated to increase demand for leisure travel in the upcoming years, providing service providers with a chance to broaden their service offerings and increase their reach internationally.
Bleisure Travel Market Trends
Integration of Technology into the Travel Industry Boosts the Segment Growth
The bleisure tourism business has a lot of prospects due to technological improvements. Professionals may easily organize their plans and access a variety of leisure activities with the help of travel applications and booking platforms, which facilitate the seamless integration of travel and leisure planning. Digital transformation in the travel industry is exemplified by the use of digital solutions for routine tasks like selecting a destination and making an itinerary, making reservations for hotels and other lodgings, booking flights and other forms of transportation, and creating offers that are as precisely customized to the needs of customers as possible. Other examples include taking virtual tours of potential destinations before making a decision.
Travelers can discover new places and attractions and have a better overall travel experience with personalized recommendations based on personal preferences. Remote work and virtual conferences are made possible by virtual meeting solutions, which lessen the requirement for in-person attendance and give business travelers the option to prolong their vacation time. Professionals can continue to engage in their professional responsibilities while taking part in leisure activities owing to improved connections. More professionals are embracing the bleisure travel trend as a result of technological advancements, which make travel more comfortable and appealing.
Europe Leading the Segment Growth
With its abundance of historical and cultural sites, Europe leads the bleisure travel market and is quite popular with business travelers. Cities like London, Paris, Rome, and Barcelona attract many bleisure travelers who combine business obligations with leisure activities such as visiting museums, exploring historical sites, and indulging in culinary experiences. Work-life balance is highly valued in many European nations, where vacation time is extended, and workweeks are shorter. This facilitates business travelers' ability to take time off for recreation. Businesses are forced to adopt creative strategies in this competitive industry due to the high penetration of bleisure travel in the European market. The business travel industry is expected to develop due to several factors, including low inflation, rising domestic demand, assistance from monetary policies, labor market expansion, and sustained economic growth.
The rise in internet penetration and the adoption of smart devices have contributed to the market's expansion. The industry's growth in Europe is further encouraged by the decline in airfares. Rising working-age populations, rising disposable income, an increase in billionaires on the continent, and an increase in Europeans who love to travel are all major reasons propelling the bleisure travel business in Europe.
Bleisure Travel Industry Overview
The bleisure travel market is moderately fragmented. A growing number of players are concentrating on creating specialized products and experiences for leisure travelers. To draw in and hold on to bleisure travelers, companies have initiated marketing, customer service, and technological investments. Some of the notable players in the market include Airbnb Inc., American Express Travel, Expedia Inc., BCD Travel, and Carlson Wagonlit Travel.
Bleisure Travel Market Leaders
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Airbnb Inc.
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American Express Travel
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Expedia Inc.
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BCD Travel
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Carlson Wagonlit Travel
*Disclaimer: Major Players sorted in no particular order
Bleisure Travel Market News
- In December 2023, Expedia Group launched a few new and extended travel partnerships around Europe. New partnerships include Ryanair, Icelandair, Iberia Airlines, and Deutsche Hospitality.
- In December 2023, BCD Travel partnered with Colourful Earth and the Global Sustainable Tourism Council (GSTC). The partners will jointly introduce the "Sustainable Business Travel Strategy Guide" and a range of training courses targeted at corporate clients, their travel managers, and sustainability experts.
Bleisure Travel Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Demand for Work-Life Balance
4.2.2 Cost Savings for Both Travelers and Employers
4.3 Market Restraints
4.3.1 Stringent Company Policies
4.3.2 Suitability of Business Travel Destinations
4.4 Market Opportunities
4.4.1 Partnerships Between Travel Service Providers and Corporation
4.4.2 Launch of Specialized Packages by Travel Agencies
4.5 Value Chain Analysis
4.6 Industry Attractiveness: Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights into Technological Advancements in the Industry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Tour Type
5.1.1 Independent
5.1.2 Group
5.2 By Trip Type
5.2.1 Domestic
5.2.2 International
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Italy
5.3.2.6 Spain
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Airbnb Inc.
6.2.2 American Express Travel
6.2.3 Expedia Inc.
6.2.4 BCD Travel
6.2.5 Carlson Wagonlit Travel
6.2.6 Flight Centre Travel Group
6.2.7 The Priceline Group
6.2.8 Fareportal Inc. (Traveling Inc.)
6.2.9 Wexas Travel
6.2.10 Travel Leaders*
- *List Not Exhaustive
7. FUTURE MARKET TRENDS
8. DISCLAIMER AND ABOUT US
Bleisure Travel Industry Segmentation
Bleisure travel combines travel for work and recreation. Bleisure travel typically refers to business travel that includes an extended leisure stay. The bleisure travel market is segmented by tour type, trip type, and geography. By tour type, the market is segmented into independent and group. By trip type, the market is segmented into domestic and international. The market is segmented by geography into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report offers market size and forecasts for the bleisure travel market in value (USD) for all the above segments.
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Bleisure Travel Market Research FAQs
How big is the Bleisure Travel Market?
The Bleisure Travel Market size is expected to reach USD 558.55 billion in 2024 and grow at a CAGR of 9.52% to reach USD 880.43 billion by 2029.
What is the current Bleisure Travel Market size?
In 2024, the Bleisure Travel Market size is expected to reach USD 558.55 billion.
Who are the key players in Bleisure Travel Market?
Airbnb Inc., American Express Travel, Expedia Inc., BCD Travel and Carlson Wagonlit Travel are the major companies operating in the Bleisure Travel Market.
Which is the fastest growing region in Bleisure Travel Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bleisure Travel Market?
In 2024, the Europe accounts for the largest market share in Bleisure Travel Market.
What years does this Bleisure Travel Market cover, and what was the market size in 2023?
In 2023, the Bleisure Travel Market size was estimated at USD 505.38 billion. The report covers the Bleisure Travel Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Bleisure Travel Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bleisure Travel Industry Report
Statistics for the 2024 Bleisure Travel market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Bleisure Travel analysis includes a market forecast outlook to for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
