Educational Tourism Market By Age Group (Less Than 12 Years, 13-18 Years, 19-25 Years, 26-40 Years, 41-55 Years), Education Type (Primary, Secondary, College, Post Graduate), Type of Occupation (Students, Scholar, Teachers, Government Officials, Corporation Managers, Enterprise Owners, Workers), Course Type (Master Degree, Secondary Education, Primary Education) & Region - Forecast to 2021 - 2031
Educational Tourism Market By Age Group, Education Type, Type of Occupation, Course Type & Region for 2021 – 2031 : Analysis and Review
- September 2021
- 200 pages
- Travel and Tourism
Educational Tourism Market Snapshot
As per the latest Future Market Insights (FMI) analysis, the educational tourism market size will surpass US$ 399.8 Bn in 2021. Between 2021 and 2031, the market is expected to exhibit compound annual growth rate (CAGR) of 17.2%.
Various countries are focusing on educational tourism as a development strategy. As the host country benefits from an international student's expenses on food and beverages, accommodation, tuition fees, entertainment and leisure activities and not to mention the inevitable taxes, the market will have a positive impact on the economy.
On the other hand, students benefit from education tourism as it fosters personal as well as professional growth, not only from their studies, but also from interacting with the people in the respective region. These factors have been contributing towards the growth of the educational tourism market in future. Future Market Insights (FMI) has forecast the market to register a year-on-year growth rate of 16.5% in 2021.
Key Points Covered in the Educational Tourism Market Report
- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, country-wise, and region-wise analysis
- Competition mapping and benchmarking
- Brand share and market share analysis
- Key product innovations and regulatory climate
- COVID-19 impact on educational tourism market and how to navigate
- Recommendation on key winning strategies
2021-2031 Educational Tourism Market Outlook in Comparison to Sales Registered in 2016-2020
To increase value for customers and for higher sales, various promotional activities like direct marketing, sales and discounts, offering free giveaways, hosting an event and many other activities to promote their countries are being followed in the educational tourism industry.
Given the scenario, digital marketing plays a vital role in the promotion or advertising of products or services being offered by any company. As the potential customers of edu-tourism are mostly millennials who spend much of their time on the internet using search and social media, creating an online presence will definitely increase the business value.
Hosting a seminar also has become a trend for the educational tourism industry, through which a company can engage with its students to better understand their needs and desires. FMI has forecast the educational tourism market to rise at 17.2% CAGR between 2021 and 2031.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
How School Trips Are Driving the Demand for Educational Tourism?
School trips are usually prearranged by the teachers or the students’ parents through private agencies or through scholarships provided by Ministries of Education. They are usually of short or medium stays since the students are of low age.
The main aim is to develop cultural knowledge and other languages. Moreover, the modality to learn foreign languages among young children is spurring, as they have more sharp and flexible minds than adults and therefore a greater ability to learn another language.
Thus, rising demand for national and international school trips is expected to supplement the market growth throughout the forecast period.
Will Colleges Opened by Private Partners Attract More Students?
Private universities offer the opportunities to learn and explore alongside world-class faculty, for a lifetime of personal achievement. Further, many private universities have started the trend of foreign internships or international tours for a period of 2 to 3 months, which is creating a lot of traction among millennials.
As a result, they are willing to pay high prices for the courses in order to visit abroad. In addition, governments around the world, particularly those in developing countries, face significant educational challenges. As a result, students are more attracted towards private universities and colleges for further studies.
In Feb 2021, India gave the green-light to dual and joint degrees which are awarded by Indian universities with international partners as part of its internationalization plan being pushed through forcefully since its inclusion last year in the National Education Policy (NEP).
Why is Educational Tourism Gaining Popularity in the U.S.?
According to Future Market Insights, the U.S. is expected to account for over 3/4th of market share in educational tourism market. The market is acquiring popularity with regards to education, as it provides and strives to maintain the best educational facilities, encourages educational tours and spends on quality learning and research.
Presence of ivy-league collages and informative & profitable courses offered in the country for the students is propelling the market growth. Diverse international study programs and student exchange programs offered in the universities are attracting the international student bodies to the U.S. ivy and community colleges.
What is the Demand Outlook for Educational Tourism in Brazil?
Brazil is identified as the most attractive region for educational tourism and international studies among youth. The most significant economic feature of activities is that they contribute to three high-priority goals: the foreign exchange earnings, generation of income, and employment.
One of the main advantages of educational tourism is the ability to earn money through foreign exchange. Educational tourism expenditure generates income for the host economy. The money that the country makes from tourism is then reinvested in the economy.
Some countries like Brazil utilize the money on increasing their tourism industry further, while some countries in Latin America region spend the money on public services such as healthcare and education. In this respect, the educational tourism sector can play an important role as a driving force of economic development.
Why is the Demand for Educational Tourism Increasing in India?
One of the benefits of educational tourism is the opportunity to have a new experience and witness different cultures especially in South-Asian countries such as India. Traveling outside one’s home region and comfort zone enhances the knowledge about different cultures in the world.
Educational tourists visit the area in order to learn more about a culture, or visit cultural and tourist attractions point, such as museums and live shows during the journey, which further helps to contribute to the economic growth of the area. Attractions must be staffed, bringing with it employment prospects, and tertiary businesses can also benefit, such as restaurants, taxi firms and hotels.
Furthermore, for those seeking in-depth cultural experiences, options such as homestays can have positive economic benefits for the members of the community which hosts the tourists. As a result, educational tourism activity helps oneself to understand the history and culture beyond their geographical location, which is further driving the education tourism industry.
Besides this, favorable government initiatives and offers on attractive Master’s degree and secondary education are expected to woo a lot of foreign exchange students, propelling the growth of educational tourism market.
Which Age Group Is More Likely To Show High Demand for Educational Tourism?
The total number of global educational tourists in 2020 stood at 6,115,861. The number of tourists in the age group of 19-25 years is likely to increase significantly. As master’s degree has the highest demand among inbound educational tourists in global education tourism market.
Moreover, the increasing awareness and importance of Edu-tourism is driving the market growth. New information, education styles, research techniques and good exposure to science has enabled the growth of the educational scenario across the world.
According to Future Market Insights, around 73% of revenue for global educational tourism market is generated by the age group of 19-25 years.
Which Course Type is More Preferred by the Customers?
In course type segment, master’s degree is more preferred by the customers to get better academic education, from reputed professors along with great facilities and academic resources.
Thus, customers are aiming for a highly ranked world universities which would help them to improve their language & communication skills, and helps students to stand out on the job market.
Which Education Type is More Preferred by the Students?
In education type segment, post graduate is more preferred by the students as having a period spent studying abroad or having attended international seminars gives a positive impression to the employers.
A well-travelled person who is open to different cultures and different points of view, and who has the ability to be independent and is likely to possess valuable language skills, can be a valuable employee. These are the some of the major factors propelling the growth of the educational tourism market.
The players are primarily engaged to establish a new standard for education and international development organizations and social enterprises. Further, several players run National Scholarship Programs (NSP) worldwide to enable and fund local nationals to participate in their programs and receive all relevant training.
Moreover, the players are adopting a virtual and online approach to connect with potential people/students. For instance, GVI Company provides virtual internship program and online classes. This approach helps the company to attract more people.
Scope of Report
Historical Data Available for
USD Million for Value
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa
Key Countries Covered
US, Canada, Germany, U.K., France, Italy, Spain, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa
Key Segments Covered (% of Demand)
Tourism Type, Purpose of Visit, Age Group, Education Type, Type of Occupation, Course Type, and Region
Key Companies Profiled
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Market by Category
By Age Group (% of Demand):
- Less Than 12 Years
- 13-18 Years
- 19-25 Years
- 26-40 Years
- 41-55 Years
By Education Type (% of Demand):
- Post Graduate
By Type of Occupation (% of Demand):
- Government Officials
- Corporation Managers
- Enterprise Owners
By Course Type (% of Demand):
- Master Degree
- Secondary Education
- Primary Education
By Region (% of Demand):
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa (MEA)