| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 8.9 Billion | USD 20.1 Billion | 8.5% | 2024 |
FrequentlyAsked Questions
A playcation is a vacation that emphasizes fun activities, spontaneity, and enjoyment, especially from a child's perspective; however, more and more individuals of all ages are opting for this type of vacation.
The playcation travel market is being driven by several factors, such as growing disposable income of the population, increasing adventurous trips, growing services launch, and others.
The presence of an alternate option poses a major challenge to industry expansion.
Based on the age group, the 11 to 18 Years segment is expected to dominate the Playcation Travel market growth during the projected period.
The increasing services launch and advancement in technology pose a major impact factor for the playcation travel industry's growth over the projected period.
According to the report, the global playcation travel market size was worth around USD 8.9 billion in 2024 and is predicted to grow to around USD 20.1 billion by 2034.
The global playcation travel market is expected to grow at a CAGR of 8.5% during the forecast period.
The global playcation travel industry growth is expected to be driven by the North America region. It is currently the world’s highest revenue-generating market due to the high disposable income and growing recreation activities.
The global playcation travel market is dominated by players like Airbnb Inc., Expedia Group Inc., Booking Holdings Inc., HomeAway Inc., Marriott International Inc., Hilton Worldwide Holdings Inc., TripAdvisor Inc., Agoda Company Pte. Ltd., VRBO, com Group Limited, Accor S.A., InterContinental Hotels Group PLC, Wyndham Hotels & Resorts Inc., Choice Hotels International Inc., and Hyatt Hotels Corporation, among others.
The playcation travel market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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