Bleisure Travel Market to Receive Overwhelming Hike In Revenue That Will Boost Overall Industry Growth by 2032

The bleisure travel market was valued at $315.30 billion in 2022, and is estimated to reach $731.4 billion by 2032, growing at a CAGR of 8.9% from 2023 to 2032.

WILMINGTON, DE, UNITED STATES, December 3, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, “Bleisure Travel Market by Employee (Executives, Middle Management, and Entry level Employee), by Age Group (Millennial, Generation X and Others), by Industries (Government and Corporate): Global Opportunity Analysis and Industry Forecast, 2022-2032.”According to the report, the global bleisure travel industry was estimated at $315.3 billion in 2022, and is anticipated to hit $731.4 billion by 2032, registering a CAGR of 8.9% from 2023 to 2032.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 : https://www.alliedmarketresearch.com/request-sample/6722

Drivers, Restraints, and Opportunities-

The global bleisure travel market is growing due to several factors, such as a rise in demand for work-life balance, digital transformation in the travel industry, and an increase in the number of affordable hospitality services. On the other hand, additional expenditure on travel accommodations and a lack of proper documentation and policies for bleisure travel impede the growth of the market to some extent. However, collaboration with corporations and growing infrastructure are expected to create lucrative opportunities in the industry.

Segments Covered

Employee, Age Group, Industries and Region

Drivers
A rise in demand for work-life balance
Digital transformation in the travel industry
An increase in the number of affordable hospitality services

Opportunities
Collaboration with corporations and growing infrastructure

Restraints
Additional expenditure in travel accommodation
A lack of proper documentation and policies

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (410 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬): https://www.alliedmarketresearch.com/checkout-final/0e6c4e6b5c843abf8a97ec0c151c5307

The millennial segment to rule the roost by 2032-

By age group, the millennial segment held the highest share in 2022, holding nearly half of the global bleisure travel market revenue, and is projected to rule the roost by 2032. The same segment, however, would also exhibit the fastest CAGR of 9.1% from 2023 to 2032. This is because millennials are devoted workers, compulsive shoppers, and experienced partygoers who live life to the fullest. They travel for both adventure and financial gain. This, in turn, fuels the growth of the bleisure travel industry in terms of value sales.

The corporate segment to maintain its leadership status throughout the forecast period-

By industries, the corporate segment accounted for the major share in 2022, garnering around three-fourths of the global bleisure travel market revenue, and is expected to maintain its leadership status throughout the forecast period. Furthermore, the same segment would also showcase the fastest CAGR of 9.0% during the forecast period. This is attributed to corporate travelers merging work and leisure to restructure and enrich their business travels. Hence, bleisure travel is growing in popularity.

Europe garnered the major share in 2022-

By region, Europe garnered the major share in 2022, accounting for nearly one-third of the global bleisure travel market revenue, and is estimated to maintain its leadership status throughout the forecast period. The increase in working-age populations, the increase in disposable income, the presence of more billionaires on the continent, as well as an increase in travel enthusiasts among Europeans, are factors driving the bleisure travel market in Europe. On the other hand, the Asia-Pacific region would portray the fastest CAGR of 9.4% from 2023 to 2032.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/6722

Key players in the industry-
Fareportal
Booking Holdings
Expedia Group Inc.
Airbnb, Inc.
WEXAS TRAVEL
TravelBank
Bleisure Travel Company
BCD Group
Flight Centre Travel Group Limited
TravelPerk S.L.U

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐆𝐨𝐨𝐝𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
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David Correa
Allied Market Research
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