Educational Tourism Market To Be Worth $974.7 Billion By 203...| MENAFN.COM

Tuesday, 31 January 2023 12:50 GMT

Educational Tourism Market To Be Worth $974.7 Billion By 2030: Grand View Research, Inc.


(MENAFN- PR Newswire)

SAN FRANCISCO, Jan. 25, 2023 /PRNewswire/ --
The global educational tourism market size is expected to reach USD 974.7 billion by 2030 and is expected to expand at 13.0% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising connectivity among nations with international trade, accessibility, affordable transportation, and growing government marketing initiatives for educational and cultural hubs are some major factors driving the market growth.

Key Industry Insights & Findings from the report:

  • The 16-25 years of age group held a significant market share in 2022, owing to a rise in the trend of educational tours in private as well as government schools
  • The increasing lure of an international job, learning a new language, study in an esteemed university is propelling travelers to opt for educational tourism for college purposes
  • The prospects of better career opportunities, acquiring new skills, experiencing different cultures, and gaining independence are pushing the student segment toward educational tourism
  • Consumers in the Asia Pacific region are continuously opting for educational tourism. Parental influence, effective marketing strategies of universities, availability of popular options around the world, and demand for better education are key factors

Read 85-page market research report, ' educational tourism market size, share & trends analysis report by age group, by education type (college, post-graduation), by occupation, by region, and segment forecasts, 2023 - 2030 ', published by Grand View Research.

Educational Tourism Market Growth & Trends

The U.S., India, the U.K., Turkey, Italy, and Greece are some of the top places for educational tours around the world. These destinations are laden with places such as the globe theatre, the colosseum, and the Sistine Chapel. Visiting such places is an invaluable opportunity for learning firsthand. It broadens the perspectives of travelers and is a step ahead in nurturing a new generation of global citizens.

Flexible visa laws for tourists also encourage educational tourism amongst travelers. After the alterations, tourist visas for UAE now allow travelers to legally stay in the county for 60 days, as opposed to the previous 30 days. Such laws allow travelers to stay at a place and soak in the culture, legacy, and heritage of a place first-hand. For students, it is a great way to absorb and grasp theory in practice. Such trips embed a fine balance between a break and a meaningful education.

Players competing in the market offer a diverse set of services to cater to a large consumer base. Such trips are a blend of attractions including historical places, shopping malls, and factories; offering a blend of practical and theoretical education. A rise in the disposable income of people globally is another factor propelling educational tourism. With a rise in the standard of living, there is a growing demand for authentic travel experiences.

A major chunk of travelers chooses to travel for educational pursuits. Students across the world travel to various locations for their college as well as post-graduation degrees. Places such as the U.K., the U.S., Canada, Japan, Ireland, and Turkey, are popular hubs for esteemed colleges and universities. India and China are the top nations with a large population of students flying out for global education. Flexible immigration laws coupled with diversifying cultures of such countries encourage more students to opt for these places. Group of government officials and teachers also undertake educational tourism for research purposes, as well as for assignments, seminars, and lectures.

Educational Tourism Market Segmentation

Grand View Research has segmented the global educational tourism market based on age group, education type, occupation, and region:

Educational Tourism Market - Age Group Outlook (Revenue, USD Billion, 2017 - 2030)

  • Less Than 15 Years
  • 16-25 Years
  • 26-40 Years
  • 41-55 Years

Educational Tourism market - Education Type Outlook (Revenue, USD Billion, 2017 - 2030)

  • Primary
  • Secondary
  • College
  • Post-graduation

Occupation Outlook (Revenue, USD Billion, 2017 - 2030)

  • Students
  • Teachers
  • Government Officials
  • Corporation Managers
  • Enterprise Owners
  • Workers
  • Others

Regional Outlook (Revenue, USD Billion, 2017 - 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • Middle East & Africa
    • South Africa
  • Central & South America
    • Brazil

List of Key Players in the Educational Tourism Market

  • World Expeditions Travel Group Pty Ltd
  • ACE CULTURAL TOURS
  • Atlantis Erudition &Travel Services
  • Kesari Tours Pvt. Ltd.
  • ATG Travel
  • Global Educational Travel
  • Educational Tours, Inc.
  • AAI EDUTOURZ
  • EF Education First
  • Capital Tours, Inc

Check out more related studies published by Grand View Research:

  • domestic tourism market
    - The global domestic tourism market size is expected to reach USD 5,858.27 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 17.0% from 2023 to 2030. The market is anticipated to expand further as disposable income rises, travel preferences among all age groups increase, and new tourist sites and touristic themes emerge.
  • cycle tourism market - The global cycle tourism market size is expected to reach USD 234.30 billion by 2030 and is expected to expand at 9.1% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Cycle tourism refers to leisure-oriented travel that includes cycling or other bicycle-related activities. Bicycles are a crucial component of cycle tourism, letting visitors experience a satisfying trip. While hard-core cycling provides tourists with physical training, soft cycling allows them to take in stunning views and sceneries.
  • sports tourism market - The global sports tourism market size is expected to reach USD 2,137.86 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 17.5% from 2023 to 2030. The growth is fueled by an increase in facilities associated with sports events and mega events such as Olympics, FIFA, and Wimbledon.

Browse through Grand View Research's homecare & decor industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc

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