Group Travel Market in Asia-Pacific to Garner $689.5 Billion by 2030: AMR

Portland,OR, Oct. 07, 2020 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the Asia-Pacific group travel market generated $363.11 billion in 2019, and is estimated to garner $689.5 billion by 2030, witnessing a CAGR of 6.0% from 2019 to 2030.The report provides a detailed analysis of changing market trends, market size &estimations, key winning segments, top segments, value chain, and competitive scenario.

Pursuit of unique experiences and innovative marketing &promotionalstrategies on social media drive the growth of the Asia-Pacific group travel market. However, terrorism activities, political unrest, and climate changes present restraints in the market growth. On the other hand, a new trend of eco-mmodationand implementation of mobile applications, big data analytics, and artificial intelligence in the travel industry present new opportunities in the coming years.

 In-depth analysis of the COVID-19 impact on the Asia-Pacific group travel [email protected]

Covid-19 Scenario:

  • There has been a lockdown
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