As per newly released data by Future Market Insights (FMI), the Lake Vacations Market is estimated at US$ 205.05 Million in 2022 and is projected to reach US$ 245.0 Million by 2032, at a CAGR of 12 % from 2022 to 2032.
Attribute
Details
Lake Vacations Market Estimated Size (2022)
US$ 205.05 Million
Lake Vacations Market Projected Size (2032)
US$ 245.0 Million
Lake Vacations Market Value-based CAGR (2022 to 2032)
12%
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2017 to 2021 Lake Vacations Market Outlook Compared to 2022 to 2032 Forecast
Spending time in the opulent hotels that are positioned all around the world's most stunning lakes is essentially what a lake vacation entails. On a lake vacation, you can also go fishing, wine or whiskey tasting, boating, cycling, horseback riding, building campfires, and enjoying some good eating. The Lakes Region offers a wide variety of year-round recreational and cultural activities, from local theatres and museums to skiing and snowmobiling. The overall outlook for the Lake Vacations Market looks bright and positive during the forecast period while creating opportunities for firms, helping local economies, and generating employment opportunities.
Global trend in Niagara-on-the-Lake Rise the Visitors in the Lake Vacation Market
Fort George and The Shaw Festival are the top attractions in Niagara-on-the-Lake that are expressly catered to family, youth, and educational markets. Niagara-on-the-Lake is largely a destination for adults seeking leisure. In Niagara-on-the-Lake, there are numerous events and festivals that take place throughout the year. These activities rely heavily on the help of community volunteers to succeed. Younger guests are drawn there by the wine and food offerings. Meetings, conferences, and business travel are crucial to the year-round success of firms. Although there is a lack of data specifically for Niagara-on-the-Lake, conversations with a variety of tour operators of all sizes and sorts, as well as anecdotal evidence, indicate that the busiest season in recent years has changed from July/August to September/October. Greater Toronto Area (GTA) continues to be a significant market.
Find your sweet spots for generating winning opportunities in this market.
Globalization of Content and Ease of Travel Boosting the Market
The availability of streaming platforms and the internet has led to an increase in the availability of content that appeals to a diverse range of viewers worldwide. Because of this, tourist attractions that host the shooting of such content are particularly well-liked. The target consumer group's rising disposable income has also contributed to the boom in lake tourism. Another significant driver of market expansion has been the accessibility of lodging options and the low cost of travel. These reasons have increased consumer demand, making the current time the ideal place to enter the market.
Country-wise Insight
Crater Lake, Oregon: Best for scuba diving
Only Crater Lake gives the prestige of diving in a flooded volcano that also happens to be the deepest lake in the United States. Other lakes include shipwrecks or sunken villages (and the ninth deepest in the world). You won't be able to descend to the very bottom without a deep-sea submersible (1,943 feet). However, there is a lot to discover in the crystal-clear shallows, including lava formations, fish (such as salmon and trout), and underwater moss meadows. The drawback is that you must carry your own scuba gear 700 feet up and down the Cleetwood Cove Trail. Try the Wizard Island boat cruises around the island in the crater if that's not your idea of a holiday instead.
Best time to visit Lake Como, Italy
One of the top five lakes in the Italian Lakes region is Lake Como. It is ringed by mountains and populated with resort communities. People go there to refresh themselves and escape the heat. You can travel across the lake using car ferries and water taxis. The variety of things you can engage in here will ensure that you have a fantastic time.
Due to its location in northern Italy, Lake Como experiences a continental climate. The winters are bitterly cold while the summers are sweltering and muggy. The subtropical plants may grow due to the springtime temperatures, which average approximately 16°C and add to the lake's surrounding flora. In May, there is a one-month wet period. The trees display a variety of hues in the autumn months of October and November, which is a sight to behold. It rarely snows at Lake Como, although around the end of December or the beginning of January, snowfall is common. Lake Como in Italy has typical Italian weather, making it a year-round tourist destination in Europe.
Lake-wide Action and Management Plans (LAMPs) for protecting the Great Lake ecosystem
The purpose of a Lakeside Action and Management Plan (LAMP) is to assess, protect, restore, and maintain the ecological integrity of each Great Lake and the river system that connects it. It organizes the efforts of all the stakeholders - both public and private - working to strengthen the ecosystem of the lake. It is ensured that the LAMP addresses the people's concerns through a public consultation procedure. The governments of Canada and the USA have agreed to restore and maintain the physical, biological, and chemical integrity of the Great Lakes waters under the terms of the Great Lakes Water Quality Agreement. Binational action plans* for preserving and repairing the Great Lakes ecosystem are known as the Lakeside Action and Management Plans (LAMPs).
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Category-wise Insights
Which is the most preferred Accommodation Type in the Lake Vacations Market?
Hotels are the most preferred accommodation type in the Lake Vacations Market
The most conventional and popular types of lodging are hotels. Hotels can range in size. They may be privately held companies or be part of a hotel chain.Little areas can have a big design impact if they are used wisely. As tourist preferences change, it is projected that the small hotel will become more well-liked. In order to maintain a balanced lifestyle, many travelers, especially young people, focus on taking several quick journeys as opposed to one lengthy holiday. The craze appeals to a much wider demographic than simply millennials; budget vacationers, hikers, and business travelers are all frequently sighted donning it.
Which Booking Channel is Preferred by the Consumers in the Lake Vacation Market?
Online booking channels lead the booking channel segmentation
According to the report, when it comes to booking channels, the internet booking sector holds a sizable market share. The number of people using the internet worldwide has increased over the past several years. Data on many industries are readily available to the customer. The service provider also thinks that there is a lot of room for marketing and advertising in the online market, and booking is simple and convenient for customers.
What Tour Type is Famous Amongst Tourists in the Lake Vacations Market?
Packaged Traveler is the most prominent category
The Packaged Traveller category has become the most common one in the tour type segmentation as a result of several businesses providing various services and all-inclusive packages. The companies provide cinematic tourism packages with a range of activities, settings, and costs, which helps meet the needs of the majority of the customer base without requiring them to use various channels for various services, saving them time, trouble, and money. Consequently, vacation packages have become the norm in the lake vacation market.
Competitive Landscape
Additionally, hotels near lakes provide relaxing massages, yoga, tai chi, and meditation. Each year, thousands of visitors take advantage of the many services that lake hotels provide, which is fuelling a thriving global lake holiday industry and maintaining the competitive edge in the market by offering all-inclusive packages and saving the tourists from the hassle of going through different channels for their tours. Investments and Government initiatives and are boosting the market and have also helped the firms improve their services.
For Instance:
One of the biggest funding initiatives for the environment in the USA is the Great Lakes Restoration Initiative (GLRI), which aims to safeguard and restore the Laurentian Great Lakes' ecology.
Scope of Report
Attribute
Details
Forecast Period
2022 to 2032
Historical Data Available for
2017 to 2021
Market Analysis
US$ Billion for Value
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania & Middle East, and Africa(MEA).
Key Countries Covered
USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand.
Key Segments Covered
Accommodation Type, Booking Channel, Tourist Type, Tour Type, Consumer Orientation, Age Group, and Region
Key Companies Profiled
TourTravelWorld.Com
Central Holidays
EnLive Trips
Hello Travel
Eastmytrip.com
Expedia, Inc.
Viha Vacations.com
Tripnetra
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
The Lake Vacations Market by Category
By Accommodation Type:
Hotels
Home
Apartments
Resorts/ Condominium, others
By Booking Channel:
Phone Booking
Online Booking
In Person Booking
By Tourist Type:
Domestic
International
By Tour Type:
Independent Traveller
Package Traveller
Tour Group
By Consumer Orientation:
Men
Women
By Age Group:
15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years
Frequently Asked Questions
What is the current market value of the Lake Vacations Market?
The Lake Vacations Market is currently valued at US$ 205.05 in 2022.
What is the forecasted growth rate for the Lake Vacations Market?
The Lake Vacations Market is currently forecasted to grow at a rate of 12% CAGR during the forecast period.
What are the key trends driving the Lake Vacations Market?
Driving trends in the Lake Vacations Market are the increasing popularity of luxurious services like sauna baths, spas, scuba diving, and fishing and the ease of traveling to lakes
Who are the leading players in the Lake Vacations Market?
Leading players operating in the Lake Vacations Market are TourTravelWorld.Com, Central Holidays, EnLive Trips, Hello Travel, Eastmytrip.com, Expedia, Inc., Viha Vacations.com, and Tripnetra.
Table of Content
1. Executive Summary | Lake Vacations Market
1.1. Global Market Outlook
1.1.1. Who Is Travelling?
1.1.2. How Much Do They Spend?
1.1.3. Direct Contribution of Tourism To GDP
1.1.4. Direct Contribution of Tourism To Employment
1.2. Tourism Evolution Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Total Spending (US$ Million) and Forecast (2022 to 2032)
2.2. Number of Market(Million) and Forecast (2022 to 2032)
2.3. Total Spending Y-o-Y Growth Projections (2022 to 2032)
2.4. Number of Market Y-o-Y Growth Projections
3. Global Market Dynamics
3.1. Market Drivers, Challenges & Opportunities
3.1.1. Flexible, affordable, stylish and smart rooms boosting the growth of Lake Vacations.
3.1.2. Lake vacation could attract multiple segments with their stylish urban vibe, especially business and leisure travellers.
3.1.3. The use of technology is growing in Accommodations
3.1.4. Accommodation advertising campaigns should have a strong video focus in 2022.
3.1.5. Determine your Accommodation objectives.
4. Market Background
4.1. Top 10 Market Companies
4.2. Macro-Economic Factors
4.2.1. Global GDP Growth Outlook
4.2.2. Global Industry Value Added
4.2.3. Global Consumer Spending Outlook
4.2.4. Global Direct contribution of Accommodation to GDP
4.2.5. Global Visitor Exports and International Tourist Arrivals
4.2.6. Capital Investment in Accommodation
4.2.7. Top Accommodation Spending Countries
4.3. Forecast Factors - Relevance & Impact
5. Categorizing of Global Market 2021
5.1. Introduction/ Key Findings
5.2. Current Market Analysis by Accommodation Type (% of Demand)
5.2.1. Home
5.2.2. Apartments
5.2.3. Resorts/ Condominium, others
5.3. Current Market Analysis by Booking Channel (% of Demand)
5.3.1. Phone Booking
5.3.2. Online Booking
5.3.3. In-Person Booking
5.4. Current Market Analysis By Tourist Type (% of Demand)
5.4.1. Domestic
5.4.2. International
5.5. Current Market Analysis By Tour Type (% of Demand)
5.5.1. Independent Traveller
5.5.2. Tour Group
5.5.3. Package Traveller
5.6. Current Market Analysis By Consumer Orientation (% of Demand)
5.6.1. Men
5.6.2. Women
5.7. Current Market Analysis By Age Group (% of Demand)
5.7.1. 15-25 Years
5.7.2. 26-35 Years
5.7.3. 36-45 Years
5.7.4. 46-55 Years
5.7.5. 66-75 Years
5.8. Current Market Analysis By Region (% of Demand)
5.8.1. North America
5.8.2. Latin America
5.8.3. Europe
5.8.4. East Asia
5.8.5. South Asia
5.8.6. Oceania
5.8.7. Middle East and Africa(MEA)
5.9. Key Findings, By Each Category
6. Categorizing of North America Market 2021
6.1. Introduction/ Key Findings
6.2. Current Market Analysis by Accommodation Type (% of Demand)
6.2.1. Home
6.2.2. Apartments
6.2.3. Resorts/ Condominium, others
6.3. Current Market Analysis By Booking Channel (% of Demand)
6.3.1. Phone Booking
6.3.2. Online Booking
6.3.3. In-Person Booking
6.4. Current Market Analysis By Tourist Type (% of Demand)
6.4.1. Domestic
6.4.2. International
6.5. Current Market Analysis By Tour Type (% of Demand)
6.5.1. Independent Traveller
6.5.2. Tour Group
6.5.3. Package Traveller
6.6. Current Market Analysis By Consumer Orientation (% of Demand)
6.6.1. Men
6.6.2. Women
6.7. Current Market Analysis By Age Group (% of Demand)
6.7.1. 15-25 Years
6.7.2. 26-35 Years
6.7.3. 36-45 Years
6.7.4. 46-55 Years
6.7.5. 66-75 Years
6.8. Current Market Analysis By Country (% of Demand)
6.8.1. USA
6.8.2. Canada
6.9. Key Findings, By Each Category
7. Categorizing of Latin America Market 2021
7.1. Introduction/ Key Findings
7.2. Current Market Analysis by Accommodation Type (% of Demand)
7.2.1. Home
7.2.2. Apartments
7.2.3. Resorts/ Condominium, others
7.3. Current Market Analysis By Booking Channel (% of Demand)
7.3.1. Phone Booking
7.3.2. Online Booking
7.3.3. In-Person Booking
7.4. Current Market Analysis By Tourist Type (% of Demand)
7.4.1. Domestic
7.4.2. International
7.5. Current Market Analysis By Tour Type (% of Demand)
7.5.1. Independent Traveller
7.5.2. Tour Group
7.5.3. Package Traveller
7.6. Current Market Analysis By Consumer Orientation (% of Demand)
7.6.1. Men
7.6.2. Women
7.7. Current Market Analysis By Age Group (% of Demand)
7.7.1. 15 to 25 Years
7.7.2. 26 to 35 Years
7.7.3. 36 to 45 Years
7.7.4. 46 to 55 Years
7.7.5. 66 to 75 Years
7.8. Current Market Analysis By Country (% of Demand)
7.8.1. Brazil
7.8.2. Mexico
7.8.3. Argentina
7.8.4. Colombia
7.8.5. Rest of Latin America
7.9. Key Findings, By Each Category
8. Categorizing of Europe Market 2021
8.1. Introduction/ Key Findings
8.2. Current Market Analysis by Accommodation Type (% of Demand)
8.2.1. Home
8.2.2. Apartments
8.2.3. Resorts/ Condominium, others
8.3. Current Market Analysis By Booking Channel (% of Demand)
8.3.1. Phone Booking
8.3.2. Online Booking
8.3.3. In-Person Booking
8.4. Current Market Analysis By Tourist Type (% of Demand)
8.4.1. Domestic
8.4.2. International
8.5. Current Market Analysis By Tour Type (% of Demand)
8.5.1. Independent Traveller
8.5.2. Tour Group
8.5.3. Package Traveller
8.6. Current Market Analysis By Consumer Orientation (% of Demand)
8.6.1. Men
8.6.2. Women
8.7. Current Market Analysis By Age Group (% of Demand)
8.7.1. 15-25 Years
8.7.2. 26-35 Years
8.7.3. 36-45 Years
8.7.4. 46-55 Years
8.7.5. 66-75 Years
8.8. Current Market Analysis By Country (% of Demand)
8.8.1. Germany
8.8.2. Russia
8.8.3. France
8.8.4. Italy
8.8.5. UK
8.8.6. Rest of Europe
8.9. Key Findings, By Each Category
9. Categorizing of East Asia Market 2021
9.1. Introduction/ Key Findings
9.2. Current Market Analysis by Accommodation Type (% of Demand)
9.2.1. Home
9.2.2. Apartments
9.2.3. Resorts/ Condominium, others
9.3. Current Market Analysis By Booking Channel (% of Demand)
9.3.1. Phone Booking
9.3.2. Online Booking
9.3.3. In-Person Booking
9.4. Current Market Analysis By Tourist Type (% of Demand)
9.4.1. Domestic
9.4.2. International
9.5. Current Market Analysis By Tour Type (% of Demand)
9.5.1. Independent Traveller
9.5.2. Tour Group
9.5.3. Package Traveller
9.6. Current Market Analysis By Consumer Orientation (% of Demand)
9.6.1. Men
9.6.2. Women
9.7. Current Market Analysis By Age Group (% of Demand)
9.7.1. 15 to 25 Years
9.7.2. 26 to 35 Years
9.7.3. 36 to 45 Years
9.7.4. 46 to 55 Years
9.7.5. 66 to 75 Years
9.8. Current Market Analysis By Country (% of Demand)
9.8.1. China
9.8.2. Japan
9.8.3. South Korea
9.9. Key Findings, By Each Category
10. Categorizing of South Asia Market 2021
10.1. Introduction/ Key Findings
10.2. Current Market Analysis by Accommodation Type (% of Demand)
10.2.1. Home
10.2.2. Apartments
10.2.3. Resorts/Condominiums, others
10.3. Current Market Analysis By Booking Channel (% of Demand)
10.3.1. Phone Booking
10.3.2. Online Booking
10.3.3. In-Person Booking
10.4. Current Market Analysis By Tourist Type (% of Demand)
10.4.1. Domestic
10.4.2. International
10.5. Current Market Analysis By Tour Type (% of Demand)
10.5.1. Independent Traveller
10.5.2. Tour Group
10.5.3. Package Traveller
10.6. Current Market Analysis By Consumer Orientation (% of Demand)
10.6.1. Men
10.6.2. Women
10.7. Current Market Analysis By Age Group (% of Demand)
10.7.1. 15 to 25 Years
10.7.2. 26 to 35 Years
10.7.3. 36 to 45 Years
10.7.4. 46 to 55 Years
10.7.5. 66 to 75 Years
10.8. Current Market Analysis By Country (% of Demand)
10.8.1. India
10.8.2. Malaysia
10.8.3. Indonesia
10.8.4. Thailand
10.8.5. Philippines
10.8.6. Cambodia
10.8.7. Vietnam
10.8.8. Rest of South Asia
10.9. Key Findings, By Each Category
11. Categorizing of Oceania Market 2021
11.1. Introduction/ Key Findings
11.2. Current Market Analysis by Accommodation Type (% of Demand)
11.2.1. Home
11.2.2. Apartments
11.2.3. Resorts/Condominiums, others
11.3. Current Market Analysis By Booking Channel (% of Demand)
11.3.1. Phone Booking
11.3.2. Online Booking
11.3.3. In-Person Booking
11.4. Current Market Analysis By Tourist Type (% of Demand)
11.4.1. Domestic
11.4.2. International
11.5. Current Market Analysis By Tour Type (% of Demand)
11.5.1. Independent Traveller
11.5.2. Tour Group
11.5.3. Package Traveller
11.6. Current Market Analysis By Consumer Orientation (% of Demand)
11.6.1. Men
11.6.2. Women
11.7. Current Market Analysis By Age Group (% of Demand)
11.7.1. 15 to 25 Years
11.7.2. 26 to 35 Years
11.7.3. 36 to 45 Years
11.7.4. 46 to 55 Years
11.7.5. 66 to 75 Years
11.8. Current Market Analysis By Country (% of Demand)
11.8.1. Australia
11.8.2. New Zealand
11.9. Key Findings, By Each Category
12. Categorizing of Middle East and Africa Market 2021
12.1. Introduction/ Key Findings
12.2. Current Market Analysis By Revenue Source (% of Demand)
12.2.1. Home
12.2.2. Apartments
12.2.3. Resorts/Condominiums, others
12.3. Current Market Analysis By Booking Channel (% of Demand)
12.3.1. Phone Booking
12.3.2. Online Booking
12.3.3. In-Person Booking
12.4. Current Market Analysis By Tourist Type (% of Demand)
12.4.1. Domestic
12.4.2. International
12.5. Current Market Analysis By Tour Type (% of Demand)
12.5.1. Independent Traveller
12.5.2. Tour Group
12.5.3. Package Traveller
12.6. Current Market Analysis By Consumer Orientation (% of Demand)
12.6.1. Men
12.6.2. Women
12.7. Current Market Analysis By Age Group (% of Demand)
12.7.1. 15 to 25 Years
12.7.2. 26 to 35 Years
12.7.3. 36 to 45 Years
12.7.4. 46 to 55 Years
12.7.5. 66 to 75 Years
12.8. Current Market Analysis By Country (% of Demand)
12.8.1. Turkey
12.8.2. South Africa
12.8.3. United Arab Emirates(UAE)
12.8.4. Egypt
12.8.5. Jordan
12.8.6. Rest of Middle East and Africa(MEA)
12.9. Key Findings, By Each Category
13. Competition Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Competition Deep Dive
13.3.1. Central Holidays
13.3.1.1. Overview
13.3.1.2. Service Portfolio
13.3.1.3. Strategy Overview/campaigns
13.3.2. TourTravelWorld.Com
13.3.2.1. Overview
13.3.2.2. Service Portfolio
13.3.2.3. Strategy Overview/campaigns
13.3.3. EnLive Trips
13.3.3.1. Overview
13.3.3.2. Service Portfolio
13.3.3.3. Strategy Overview/campaigns
13.3.4. Hello Travel
13.3.4.1. Overview
13.3.4.2. Service Portfolio
13.3.4.3. Strategy Overview/campaigns
13.3.5. Eastmytrip.com
13.3.5.1. Overview
13.3.5.2. Service Portfolio
13.3.5.3. Strategy Overview/campaigns
13.3.6. Expedia inc.
13.3.6.1. Overview
13.3.6.2. Service Portfolio
13.3.6.3. Strategy Overview/campaigns
13.3.7. Viha Vacations.com
13.3.7.1. Overview
13.3.7.2. Service Portfolio
13.3.7.3. Strategy Overview/campaigns
13.3.8. Tripnetra ( as requested)
13.3.8.1. Overview
13.3.8.2. Service Portfolio
13.3.8.3. Strategy Overview/campaigns
14. Social Media Sentimental Analysis
14.1. Social Media Platforms Preferred
14.1.1. Facebook
14.1.2. YouTube
14.1.3. Instagram
14.1.4. Twitter
14.1.5. LinkedIn
14.1.6. Pinterest
14.1.7. Google+
14.1.8. Others
14.2. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions
14.3. Trending #Hashtags
14.4. Social Media Platform Mentions (% of Total Mentions)
14.5. Trending Subject Titles
15. Assumptions and Acronyms Used16. Research Methodology
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