The Educational Tourism Market Size is valued at USD 512.6 Bn in 2023 and is predicted to reach USD 1,474.8 Bn by the year 2031 at a 14.3% CAGR during the forecast period for 2024-2031.
Educational Tourism refers to a type of tourism in which persons visit a different site with the main objective of acquiring educational experiences. This form of tourism combines education with travel, enabling individuals to discover new locations while participating in educational activities such as attending lectures, seminars, cultural exchanges, language acquisition, or partaking in academic programs. These activities, which can be tailored to the requirements and interests of anyone involved, include teaching languages, holding historical meetings, and running fundraising initiatives.
The potential for increased employment options, skill development, cross-cultural exposure, and self-sufficiency is driving learners to educational tourism and contributing to the industry's expansion. Furthermore, the market is offering lucrative growth potential due to authorities' and enterprises' substantial investments in education and training, which has increased the need for instructional travel for learning purposes. Additionally, the industry is expected to grow favourably due to the instruction sector's robust growth, the spread of digital reservation systems, technological and facilities innovations in transport, higher education institutions' effective advertising efforts, and the emergence of innovative attractions for educational travel.
However, the biggest obstacle in the educational tourism market is a lack of awareness. Educational tourism initiatives must be mindful of regional customs and traditions and attentive to regional differences. Legal issues and unfavorable encounters with local populations result from misunderstandings or an absence of ethnic consciousness, which has an impact on the industry development of the education tourism sector. There is a considerable environmental impact associated with tourism-related operations, such as lodging and transportation. Conscientious tourists are alarmed by the carbon emissions that come with transportation. Students are unable to commit enough time to their education or extended courses due to time limitations.
Competitive Landscape
Some Major Key Players In The Educational Tourism Market:
- WorldStrides
- ACIS Educational Tours
- Meridean Overseas
- CIEE (Council on International Educational Exchange)
- API (Academic Programs International)
- AIFS (American Institute for Foreign Study)
- Contiki (Young Adventurer Tours)
- TravelBound
- SGI (Study Group International)
- BUNTE Reiseburo (BUNTE Educational Tours)
- EF Education First Ltd.
- ACIS Educational Tours
- Explorica, Inc.
- WorldStrides
- Rustic Pathways
- Walking Tree Travel
- Travel For Teens
- School Tours of America
- EST
- 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
- Capital Tours, Inc
- Other Market Players
Market Segmentation:
The global educational tourism market is segmented based on age group, education type, and occupation. Based on the age group, the market is segmented into less than 15 years, 16-25 years, 26-40 years, and 41-55 years. Based on education type, the market is segmented into primary, secondary, college, and post-graduation. By occupation, the market is segmented into students, teachers, government officials, corporation managers, enterprise owners, workers, and others.
Based On The Education Type, The College Segment Accounts A Major Contributor To The Global Educational Tourism Market
The global college educational tourism market is expected to lead with a large global market share in 2023. The elevated degree of openness surrounding speciality certificates, the ease of immigration laws, and the affordability of college programs make many customers decide to relocate for education because there aren't many possibilities close enough. Having a highly esteemed undergraduate degree increases the chances of landing a respectable career or an excellent post-graduate initiative.
In The Region, The North American Global Educational Tourism Market Holds A Significant Revenue Share.
The North American global educational tourism market is expected to report the largest market share in revenue in the near future. This can be attributed to the fact that it funds top-notch studies and instruction, hosts instructive trips, and offers excellent resources for instruction. In addition, Asia Pacific is likely to grow rapidly in the global educational tourism market because of the economic growth of its contemporary settlements, heritage sites, and different religions. Learners, experts, and tourists looking to further their knowledge while discovering new places are drawn to the area by its extensive legacy, linguistic educational institutions, and possibilities for career growth.
Recent Developments:
- In Oct 2023, The World Tourism Organisation (UNWTO) has introduced an educational toolbox to promote the inclusion of tourism as a subject in high schools globally, acknowledging its significance as a fundamental driver of economic and social progress. The toolkit comprised modules designed to provide comprehensive support and empowerment to Ministries of Education, parents, school directors, and teachers involved in this undertaking.
Educational Tourism Market Report Scope
|
Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 512.6 Bn |
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Revenue Forecast In 2031 |
USD 1,474.8 Bn |
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Growth Rate CAGR |
CAGR of 14.3% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Age Group, Education Type, Occupation |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
WorldStrides, ACIS Educational Tours, CIEE (Council on International Educational Exchange), API (Academic Programs International), AIFS (American Institute for Foreign Study), Contiki (Young Adventurer Tours), TravelBound, SGI (Study Group International), BUNTE Reiseburo (BUNTE Educational Tours), EF Education First Ltd., ACIS Educational Tours, Explorica, Inc., WorldStrides, Rustic Pathways, Walking Tree Travel, Travel For Teens, School Tours of America, EST , 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, Capital Tours, Inc and Other market players. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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