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Cultural tourism market to grow at 35.55% CAGR to 2017-2021 according to new research report

Cultural tourism market to grow at 35.55% CAGR to 2017-2021 according to new research report

The Cultural Tourism market report considers the revenue generated from domestic and international cultural tourism.

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Cultural tourism market report covers the market landscape and its growth prospects over the coming years. The analysts forecast global cultural tourism market to decline at a CAGR of (35.55%) during the period 2017-2021.

The latest trend in Cultural Tourism 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.

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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.

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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.

Report: www.rnrmarketresearch.com/contacts/?rname=1185901 .

Key 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.

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One of the major drivers for cultural tourism 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.

Further, the 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.

In 2014, the Association of British Travel Agents found that a number of popular holiday destinations were affected by the social, political, and economic unrest. Terrorism affects a large number of industries associated with tourism.

Some of the industries that directly get affected are hotels, airlines, and restaurants.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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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