The Global Domestic Tourism Market has been valued at US$ 1.4 billion in the year 2021 and it is estimated to reach US$ 2.9 billion by the year 2027, with a CAGR of 13.2% from 2022 to 2027. Domestic Tourism can be described as tourism involving residents of one country traveling within their own country. It does not involve the crossing of international borders at entry points. ; these are the main factors that have considerably increased the demand for the Domestic Tourism in the market, thereby driving the huge growth of the Domestic Tourism market in the upcoming years

Market Drivers and Restraints:

The main factors that have considerably increased the demand for the Domestic Tourism in the market is mainly due to the has become basic prerequisite to ensure multiple operations are being carried out immaculately. Technology has always been a supporting factor for the domestic tourism industry. Technology is disrupting the established market with the advent of web-based booking and use of AI and IoT in operation optimizations. Use of such technology provide seamless customer experience while booking there tourism package is accelerating the growth of the market during the forecast period these are the main factors that have considerably increased the demand for the Domestic Tourism in the market, thereby driving the huge growth of the Domestic Tourism market in the upcoming years

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The report is segmented as:

The domestic Tourism Market is segmented on the basis of by:

By Location (Local or Regional Travel and Interstate Travel),

By Mode of Booking (OTA Platform, Direct Booking),

By Tour Type (Conference/Meetings, Weekend Gateways, Adventure Tours, Organized Tours, Holiday Trips and Others),

By Age group (Below 30 Years, 30-41 Years, 42-49 Years, 50 Years and Above)

Geographical Segmentation:

Domestic Tourism Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Domestic Tourism is due to the is expected to maintain its dominance throughout the domestic tourism market forecast period these are the main factors that have considerably increased the demand for the Domestic Tourism in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Domestic Tourism Market

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Impact of COVID-19 on Market

Covid-19 pandemic has impacted the growth of the Domestic Tourism market, The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected Domestic Tourism market. Covid-19 pandemic has impacted huge on the sales revenue Domestic Tourism market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Domestic Tourism market growth

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