Coastal And Maritime Tourism Market Size, Share & Trends Analysis Report, By Product (Passenger Ticket Service), By Application, By Region, And Segment Forecasts, 2022 - 2030
Coastal And Maritime Tourism Market Growth & Trends
The global coastal and maritime tourism market size is expected to reach USD 5.0 trillion by 2030 and is expected to expand at a CAGR of 5.7% from 2022 to 2030. according to a new report by Grand View Research, Inc. Factors such as the increasing availability of affordable travel options, and the growing trend for leisure travel are driving the demand for the coastal & maritime tourism market. The rise of the middle-class populace coupled with the growth of the global economy in several countries has also made coastal tourism accessible to more people.
The COVID-19 pandemic severely impacted the tourism sector owing to the closing down of businesses and a reduction in the number of international travelers. Several destinations that rely heavily on tourism have had to impose strict measures to prevent the spread of the virus, such as limiting the number of visitors and closing tourist attractions. Additionally, the pandemic has raised concerns about the safety and cleanliness of tourist destinations, leading to a decrease in the number of tourists visiting coastal regions.
Technological innovation in the tourism sector is anticipated to drive the demand for the coastal and maritime tourism market. In the cruise industry, the use of cruise applications, wearable devices, and aerial work platforms can guarantee safety and improve the operational efficiency of the cruise ship. For example, Kardie Equipment, a provider of heavy-based equipment based in Texas, offers an aerial work platform (AWP) that guarantees the safety of people lifting heavy items.
Further, several cruise line companies are utilizing the use of wearable devices for cruise identification and access to consumers’ accommodation on the ship. Carnival Corporation offers “Ocean Medallion” which enables users to order food, drink, and other items. Royal Caribbean Group has a wearable device called “WOWbands” which can open room doors through radio frequency. In addition, companies operating in the industry are offering applications for onboard experiences. The application includes a daily planner for making dinner reservations and reviewing expenses.
Coastal And Maritime Tourism Market Report Highlights
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