Press release
The Impact Of Growing Interest In Spirituality And Wellbeing On The Religious Tourism Market : An Emerging Driver Transforming The Religious Tourism Market Landscape
Religious Tourism
What Is the Projected Growth of the Religious Tourism Market?
The religious tourism market size will grow from $174.98 billion in 2024 to $190.53 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The historic growth is attributed to the rise of spiritual consumers, growing interest in religious heritage sites, expansion of tourism infrastructure, government initiatives, and rising disposable incomes.
The religious tourism market size is expected to reach $263.96 billion by 2029, at a CAGR of 8.5%. Growth is attributed to increased international travel, consumer awareness of travel destinations, and rising demand for faith-based travel packages. Major trends include advancements in transportation, tech integration, and sustainab
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What Are the Different Religious Tourism Market Segments?
The religious tourismmarket covered in this report is segmented -
1) By Type: Domestic, International
2) By Religion Type: Buddhism, Catholicism, Confucianism, Hinduism, Islam, Other Religion Types
3) By Age Group: Below 30 Years, 30-40 Years, 40-50 Years, Above 50 Years
4) By Sales Channel: Offline, Online
Subsegments:
1) Domestic: Pilgrimages Within The Country, Local Religious Festivals, Spiritual Retreats
2) International: Global Pilgrimages, International Religious Festivals, Cross-Border Spiritual Tours
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What Are the Primary Drivers Shaping the Religious Tourism Market?
The growing interest in spirituality and well-being is expected to drive the growth of the religious tourism market. Spirituality and well-being encompass physical, mental, and emotional health, and religious tourism allows individuals to engage in spiritual practices and enhance personal growth. In 2022, the U.S. Department of State reported that 46.2% of England and Wales identified as Christian, with other religious groups making up smaller percentages. As spirituality and well-being become more prominent, the religious tourism market is expanding.
Which Companies Are Leading in the Religious Tourism Market?
Major companies operating in the religious tourism market are Booking Holdings Inc., Expedia Group, Frosch International Travel, Insight Vacations Inc, Viator Inc., Travel Leaders Group, Kesari Tours Pvt Ltd., Collette Travel Service Inc., Exoticca, Corporate Travel Management Ltd., G Adventures Inc., Odynovo Tours, Trafalgar, AAA Travel, Gil Travel Group, Holy Voyages Pvt Ltd., JTB Americas Group, Ovation Travel Group, Heritage Tours & Travels LLC, Holy Land Tours
What Religious Tourism Market Trends Are Gaining Traction Across Different Segments?
Major Companies in the religious tourism market are creating innovative solutions like spiritual tourism platforms to provide comprehensive travel planning, booking services, and personalized spiritual experiences for religious travelers. In October 2023, EaseMyTrip, an India-based travel company, launched the EasyDarshan platform, which offers curated pilgrimage packages to significant religious sites. The platform streamlines travel logistics, covering transportation, accommodation, guided tours, and special ceremonies, ensuring safety and comfort for spiritual journeys.
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What Are the Top Revenue-Generating Geographies in the Religious Tourism Market?
Middle East was the largest region in the religious tourism market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the religious tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Religious Tourism Market?
2. What is the CAGR expected in the Religious Tourism Market?
3. What Are the Key Innovations Transforming the Religious Tourism Industry?
4. Which Region Is Leading the Religious Tourism Market?
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