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Silver Tourism Market Size, Share & Trends Analysis Report By Type, By Gender (Male, Female), By Age Group, By Category (Solo, Group), By Destination, By Booking Mode, By Region, And Segment Forecasts, 2024 - 2030

Publisher Grand View Research
Published Sep 23, 2024
Length 100 Pages
SKU # GV19233608

Description

Silver Tourism Market Size, Share & Trends Analysis Report By Type, By Gender (Male, Female), By Age Group, By Category (Solo, Group), By Destination, By Booking Mode, By Region, And Segment Forecasts, 2024 - 2030


Silver Tourism Market Growth & Trends

The global silver tourism market is anticipated to reach USD 4,373.12 million by 2030 and is projected to grow at a CAGR of 14.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rise in solo travel among seniors is driving the adoption of the global market. Many older adults increasingly choose to travel alone, seeking independence to explore destinations at their own pace. This trend is supported by the growing number of travel options and resources designed specifically for solo travelers, such as guided tours with small groups, single-occupancy accommodations, and personalized itineraries. The need for self-discovery, personal growth, and the flexibility to customize travel experiences contributes to the development of the market. Travel providers are responding to this trend by offering more solo-friendly travel packages and services that cater to the needs of independent older travelers.

The increasing availability of tailored travel insurance products for older adults drives market growth. Travel is more accessible to seniors, and the need for comprehensive and specialized travel insurance has grown. Travel insurance providers offer policies specifically designed for older travelers, covering aspects such as pre-existing medical conditions, trip cancellations, and emergency medical care. The availability of these tailored insurance products allows seniors to travel and address their specific concerns. The growth of tailored travel insurance options is a key driver of the market growth, supporting the overall growth and accessibility of travel for older adults.

The demand for customized and niche travel packages drives the market growth. Older adults often have specific preferences and requirements for their travel experiences, increasing interest in personalized travel options. It includes tailored itineraries, special interest tours, and accommodations that meet particular needs, such as accessibility features or dietary requirements. The availability of customized and niche travel options is a significant driver, giving seniors more control over their travel experiences.

Silver Tourism Market Report Highlights
  • Based on type, the beach honeymoon tours segment led the market with the largest revenue share of 23.5% in 2023. The rise of tailored and experiential travel also contributes to the growth of the beach tours segment. Beach tours that offer curated experiences, such as guided coastal excursions, cultural activities, and local cuisine tastings, cater to the silver-age demographic
  • Based on gender, the male segment is expected to witness at the fastest CAGR during the forecast period. The increasing focus on active and adventure-oriented travel among older men is driving the adoption of the market. Adventure-oriented travel activities include hiking, golfing, fishing, and exploring nature
  • Based on age group, the 60 - 70 years segment accounted for the largest revenue share in 2023. Intergenerational travel is another important driver for the 60-70 years segment. Many older adults increasingly travel with family members, including children and grandchildren, to create shared experiences
  • Based on category, the group segment is expected to witness at the fastest CAGR during the forecast period. Tailored experiences and specialized itineraries are important drivers for the group segment. Group tours that offer specialized themes, such as cultural exploration, historical tours, or nature excursions, cater to these interests
  • Based on destination, the domestic segment accounted with the largest revenue share in 2023. The growth of local tourism initiatives and community-focused travel experiences drives domestic segment growth. Community-based tourism experiences such as visits to local markets, cultural festivals, and small towns allow older travelers to engage with and support local communities
  • Based on booking mode, the direct booking segment is expected to witness at the fastest CAGR during the forecast period. Direct booking enables older travelers to avoid additional fees or commissions that third-party booking platforms may charge. By booking directly with the provider, travelers save on these extra costs and ensure their budget is used efficiently
  • Asia Pacific dominated the market with the largest revenue share of 31.6% share in 2023. The rise of domestic travel within the region drives the market growth. Domestic travel allows travelers to explore local destinations and regional cuisines, and engage in culturally relevant experiences without international travel logistics
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Table of Contents

100 Pages
Chapter 1. Methodology and Scope
1.1. Market Segmentation& Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Silver Tourism Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Sales/Retail Channel Analysis
3.2.2. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.3.4. Industry Opportunities
3.4. Industry Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.4.2. PESTEL Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Decisions
4.4. Consumer Product Adoption Trends
4.5. Observations & Recommendations
Chapter 5. Silver Tourism Market: Type Estimates & Trend Analysis
5.1. Type Movement Analysis & Market Share, 2023 & 2030
5.2. Silver Tourism Market Estimates & Forecast, By Type, 2018 to 2030 (USD Billion)
5.2.1. Beach Tours
5.2.1.1. Beach Tours Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
5.2.2. Cruise Tours
5.2.2.1. Cruise Tours Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
5.2.3. Historic and Cultural Tours
5.2.3.1. Historic and Cultural Tours Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
5.2.4. Adventure Tours
5.2.4.1. Adventure Tours Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
5.2.5. Wellness Retreats
5.2.5.1. Wellness Retreats Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
5.2.6. Nature and Wildlife Tours
5.2.6.1. Nature and Wildlife Tours Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
5.2.7. Others
5.2.7.1. Others Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
Chapter 6. Silver Tourism Market: Gender Estimates & Trend Analysis
6.1. Gender Movement Analysis & Market Share, 2023 & 2030
6.2. Silver Tourism Market Estimates & Forecast, By Gender, 2018 to 2030 (USD Billion)
6.2.1. Male
6.2.1.1. Male Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
6.2.2. Female
6.2.2.1. Female Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
Chapter 7. Silver Tourism Market: Age Group Estimates & Trend Analysis
7.1. Age Group Movement Analysis & Market Share, 2023 & 2030
7.2. Silver Tourism Market Estimates & Forecast, By Age Group, 2018 to 2030 (USD Billion)
7.2.1. 50 – 60 Years
7.2.1.1. 50 – 60 Years Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
7.2.2. 60 – 70 Years
7.2.2.1. 60 – 70 Years Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
7.2.3. Above 70 Years
7.2.3.1. Above 70 Years Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
Chapter 8. Silver Tourism Market: Category Estimates & Trend Analysis
8.1. Category Movement Analysis & Market Share, 2023 & 2030
8.2. Silver Tourism Market Estimates & Forecast, By Category, 2018 to 2030 (USD Billion)
8.2.1. Solo
8.2.1.1. Solo Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
8.2.2. Group
8.2.2.1. Group Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
Chapter 9. Silver Tourism Market: Destination Estimates & Trend Analysis
9.1. Destination Movement Analysis & Market Share, 2023 & 2030
9.2. Silver Tourism Market Estimates & Forecast, By Destination, 2018 to 2030 (USD Billion)
9.2.1. Domestic
9.2.1.1. Domestic Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
9.2.2. International
9.2.2.1. International Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
Chapter 10. Silver Tourism Market: Booking Mode Estimates & Trend Analysis
10.1. Booking Mode Movement Analysis & Market Share, 2023 & 2030
10.2. Silver Tourism Market Estimates & Forecast, By Booking Mode, 2018 to 2030 (USD Billion)
10.2.1. Travel Agency/Agents
10.2.1.1. Travel Agency/Agents Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
10.2.1.1.1. Online
10.2.1.1.1.1. Online Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
10.2.1.1.2. On the Phone
10.2.1.1.2.1. On the Phone Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
10.2.1.1.3. By Email
10.2.1.1.3.1. By Email Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
10.2.1.1.4. Visiting in Person
10.2.1.1.4.1. By Email Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
10.2.2. Direct Booking
10.2.2.1. Direct Booking Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
10.2.2.1.1. Online
10.2.2.1.1.1. Online Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
10.2.2.1.2. On the Phone
10.2.2.1.2.1. On the Phone Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
10.2.2.1.3. By Email
10.2.2.1.3.1. By Email Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
10.2.2.1.4. Visiting in Person
10.2.2.2. By Email Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
Chapter 11. Silver Tourism Market: Regional Estimates & Trend Analysis
11.1. Regional Movement Analysis & Market Share, 2023 & 2030
11.2. North America
11.2.1. North America silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.2.2. U.S.
11.2.2.1. Key country dynamics
11.2.2.2. U.S. silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.2.3. Canada
11.2.3.1. Key country dynamics
11.2.3.2. Canada silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.2.4. Mexico
11.2.4.1. Key country dynamics
11.2.4.2. Mexico silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.3. Europe
11.3.1. Europe silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.3.2. UK
11.3.2.1. Key country dynamics
11.3.2.2. UK silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.3.3. Germany
11.3.3.1. Key country dynamics
11.3.3.2. Germany silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.3.4. France
11.3.4.1. Key country dynamics
11.3.4.2. France silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.3.5. Italy
11.3.5.1. Key country dynamics
11.3.5.2. Italy silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.3.6. Spain
11.3.6.1. Key country dynamics
11.3.6.2. Spain silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.4. Asia Pacific
11.4.1. Asia Pacific silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.4.2. China
11.4.2.1. Key country dynamics
11.4.2.2. China silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.4.3. Japan
11.4.3.1. Key country dynamics
11.4.3.2. Japan silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.4.4. India
11.4.4.1. Key country dynamics
11.4.4.2. India silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.4.5. Australia & New Zealand
11.4.5.1. Key country dynamics
11.4.5.2. Australia & New Zealand silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.4.6. South Korea
11.4.6.1. Key country dynamics
11.4.6.2. South Korea silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.5. Central & South America
11.5.1. Central & South America silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.5.2. Brazil
11.5.2.1. Key country dynamics
11.5.2.2. Brazil silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.5.3. Argentina
11.5.3.1. Key country dynamics
11.5.3.2. Argentina silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.6. Middle East & Africa
11.6.1. Middles East & Africa silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.6.2. Saudi Arabia
11.6.2.1. Key country dynamics
11.6.2.2. Saudi Arabia silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
11.6.3. South Africa
11.6.3.1. Key country dynamics
11.6.3.2. South Africa silver tourism market estimates & forecast, 2018 - 2030 (USD Billion)
Chapter 12. Silver Tourism Market - Competitive Landscape
12.1. Recent Developments & Impact Analysis by Key Market Participants
12.2. Company Categorization
12.3. Company Market Positioning
12.4. Company Market Share Analysis
12.5. Company Heat Map Analysis
12.6. Strategy Mapping
12.7. Company Profiles
12.7.1. SOTC Travel Limited
12.7.1.1. Company Overview
12.7.1.2. Financial Performance
12.7.1.3. Product Benchmarking
12.7.1.4. Strategic Initiatives
12.7.2. Intrepid Travel
12.7.2.1. Company Overview
12.7.2.2. Financial Performance
12.7.2.3. Product Benchmarking
12.7.2.4. Strategic Initiatives
12.7.3. Thomas Cook India Group
12.7.3.1. Company Overview
12.7.3.2. Financial Performance
12.7.3.3. Product Benchmarking
12.7.3.4. Strategic Initiatives
12.7.4. China Tourism Group Duty Free Corporation Limited
12.7.4.1. Company Overview
12.7.4.2. Financial Performance
12.7.4.3. Product Benchmarking
12.7.4.4. Strategic Initiatives
12.7.5. Kesari Tours Pvt Ltd.
12.7.5.1. Company Overview
12.7.5.2. Financial Performance
12.7.5.3. Product Benchmarking
12.7.5.4. Strategic Initiatives
12.7.6. Flight Centre Travel Group Limited
12.7.6.1. Company Overview
12.7.6.2. Financial Performance
12.7.6.3. Product Benchmarking
12.7.6.4. Strategic Initiatives
12.7.7. Trip.com Travel Singapore Pte. Ltd
12.7.7.1. Company Overview
12.7.7.2. Financial Performance
12.7.7.3. Product Benchmarking
12.7.7.4. Strategic Initiatives
12.7.8. Expedia, Inc.
12.7.8.1. Company Overview
12.7.8.2. Financial Performance
12.7.8.3. Product Benchmarking
12.7.8.4. Strategic Initiatives
12.7.9. MAKEMYTRIP PVT. LTD.
12.7.9.1. Company Overview
12.7.9.2. Financial Performance
12.7.9.3. Product Benchmarking
12.7.9.4. Strategic Initiatives
12.7.10. Liberty Travel
12.7.10.1. Company Overview
12.7.10.2. Financial Performance
12.7.10.3. Product Benchmarking
12.7.10.4. Strategic Initiatives
12.7.11. Collette Travel Service
12.7.11.1. Company Overview
12.7.11.2. Financial Performance
12.7.11.3. Product Benchmarking
12.7.11.4. Strategic Initiatives
12.7.12. Tauck
12.7.12.1. Company Overview
12.7.12.2. Financial Performance
12.7.12.3. Product Benchmarking
12.7.12.4. Strategic Initiatives
12.7.13. Abercrombie & Kent USA, LLC
12.7.13.1. Company Overview
12.7.13.2. Financial Performance
12.7.13.3. Product Benchmarking
12.7.13.4. Strategic Initiatives
12.7.14. Travel Leaders
12.7.14.1. Company Overview
12.7.14.2. Financial Performance
12.7.14.3. Product Benchmarking
12.7.14.4. Strategic Initiatives
12.7.15. Yatra Online Limited
12.7.15.1. Company Overview
12.7.15.2. Financial Performance
12.7.15.3. Product Benchmarking
12.7.15.4. Strategic Initiatives

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