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Lake Vacations Market

Market Insights on Lake Vacations covering sales outlook, demand forecast & up-to-date key trends

Lake Vacation Market by Mounting Scheme, Booking Channel, Tour Type & Region - Forecast 2022 - 2032

Lake Vacations Market Outlook – 2022-2032

[250 Pages Report] 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 (2022-2032)

12%

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2017-2021 Lake Vacations Market Outlook Compared to 2022-2032 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 theatre 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 tourism 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.

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Sneha Verghese
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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 driving

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 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 organises 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 United States 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 a 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 travellers, 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 travellers 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 vacations 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 the 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 US 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

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Billion for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania & MEA.

Key Countries Covered

United States, Canada, Brazil, Mexico, Germany, U.K., 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, DROT 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

The Lake Vacations Market is currently valued at US$ 205.05 in 2022.

The Lake Vacations Market is currently forecasted to grow at a rate of 12% CAGR during the forecast period.

Driving trends in the Lake Vacations Market are the increasing popularity of luxurious services like sauna bath, spa, scuba diving, fishing and the ease of travelling to lakes

Leading players operating in the Lake Vacations Market are TourTravelWorld.Com, Central Holidays, EnLive Trips, Hello Travel, Eastmytrip.com, Expedia, Inc., Viha Vacations.com, Tripnetra.

Table of Content

1. Executive Summary

    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$ Mn) and Forecast (2022-2032)

    2.2. Number of Lake Vacations Market(Mn) and Forecast (2022-2032)

    2.3. Total Spending Y-o-Y Growth Projections (2022-2032)

    2.4. Number of Lake Vacations Market Y-o-Y Growth Projections

3. Global Lake Vacations 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 specially 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 Accommodations objectives.

4. Market Background

    4.1. Top 10 Lake Vacations 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 Lake Vacations 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. MEA

    5.9. Key Findings, By Each Category

6. Categorizing of North America Lake Vacations 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. US

        6.8.2. Canada

    6.9. Key Findings, By Each Category

7. Categorizing of Latin America Lake Vacations 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. 15-25 Years

        7.7.2. 26-35 Years

        7.7.3. 36-45 Years

        7.7.4. 46-55 Years

        7.7.5. 66-75 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 LA

    7.9. Key Findings, By Each Category

8. Categorizing of Europe Lake Vacations 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 Lake Vacations 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. 15-25 Years

        9.7.2. 26-35 Years

        9.7.3. 36-45 Years

        9.7.4. 46-55 Years

        9.7.5. 66-75 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 Lake Vacations 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/ Condominium, 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. 15-25 Years

        10.7.2. 26-35 Years

        10.7.3. 36-45 Years

        10.7.4. 46-55 Years

        10.7.5. 66-75 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 SA

    10.9. Key Findings, By Each Category

11. Categorizing of Oceania Lake Vacations 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/ Condominium, 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. 15-25 Years

        11.7.2. 26-35 Years

        11.7.3. 36-45 Years

        11.7.4. 46-55 Years

        11.7.5. 66-75 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 Lake Vacations 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/ Condominium, 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. 15-25 Years

        12.7.2. 26-35 Years

        12.7.3. 36-45 Years

        12.7.4. 46-55 Years

        12.7.5. 66-75 Years

    12.8. Current Market Analysis By Country (% of Demand)

        12.8.1. Turkey

        12.8.2. South Africa

        12.8.3. UAE

        12.8.4. Egypt

        12.8.5. Jordan

        12.8.6. Rest of 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 per 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 Used

16. Research Methodology

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