France Outbound Tourism Market Hits US$ 51.6 Million, Riding a 4.3% CAGR Wave to 2032 | FMI

Posted on 2024-02-29 by Future Market Insights in Advertising // 0 Comments

France Outbound Tourism Market

The France outbound tourism market is estimated to expand at a CAGR of over 4.3% during the forecast period of 2022 to 2032. Sales in the market are slated to reach a valuation of US$ 51.6 Million by the end of 2032.

Holiday entitlement is a scheme promoted by several multinationals in France to avail assigned days of leaves for leisure and relaxation purposes. In addition, the National Holiday Voucher Agency policy gives the privilege to the employees in accordance with the law enacted on 11th February 2005 for equal participation and opportunity for special amenities within the France tourism structure.

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The policy helps to improvise the accessibility of the outbound tourism facilities and acts as a strong driver for outbound tourism, leisure, and culture. Industrial tourism has become a genuine tourism sector due to the presence of large multinationals in France.

Company visits abroad and industrial tourism have become prominent, both in terms of leisure and business tours. This factor not only promotes international and cross-border trade but also creates a healthy atmosphere among the employees of various companies. This trend is estimated to have a moderate to high impact on the France outbound tourism market.

Key Takeaways from the France Outbound Tourism Market Study

Based on purpose, the vacation segment is expected to witness fastest growth over the forecast period.
In terms of tour category, package travel segment is expected lead the France outbound tourism market over the assessment period.
Based on season, the October-December segment will create maximum revenue in the France outbound tourism market.
In terms of gender, the female segment is expected to be the most lucrative segment over the forecast period.
By top destinations, Spain and Italy are expected to be the most preferred locations among the consumers

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Future Market Insights, in its new offering, provides an unbiased analysis of the France outbound tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Key Players

Tui France
France Billet
Ticketnet
Odalys Evasion
Global Business Travel France
Travel Lab SAS
Oui.sncf SAS
Fram
Pv-Cp Distribution
Vacances Heliade

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France Outbound Tourism Market by Category

By Age Distribution:

Under 18 years
18-25 years
26-35 years
36-45 years
46-55 years
Above 55 years

By Monthly Income:

Less than US$ 2,000
US$ 2,000-3,999
US$ 4,000-7,999
US$ 8,000-11,999
US$ 12,000 & Above

By Gender:

Male
Female

By Purpose:

Vacations
Visiting Family & Friends
Business Trips
Study
Others

By Mode of Transportation:

Rail
Air
Sea
Road

By Travel Frequency:

Once each year
Several times each year
Once for each 2-3 years
Others

By Season:

January-March
April-June
July-September
October-December

By Tour Category:

Package Travel
Semi-Independent Travel
Group Tour
Independent Travel

By Categories:

Transport
Entertainment & Site Seeing
Travel Intermediaries
Shopping
Retail
Tipping

By Preference and Behaviors:

Value-Seeking Sightseer
Unplugged
Aspirant
Individualist
Backpacker
Shopper
Novice Traveler
Sophisticated Traveler

By Tourist Attraction Favored:

Sea/Beaches
Countryside
In the city
Mountain Tracking, Natural Places

By Length of Stay:

Nil nights
1-3 nights
4-7 nights
8-14 nights
15+ nights

By Top Destinations:

Spain
Italy
United Kingdom
Germany

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