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South Africa's faith-based tourism market size is estimated to reach US$ 72 Million in 2022, with demand slated to surge at an 8.4% CAGR over the forecast period. The share of South Africa's faith-based tourism market is 2-4% in the global faith-based tourism market.
Attribute | Key Insights |
---|---|
South Africa Faith-Based Tourism Market Estimated Size (2022) | US$ 72 Million |
Market Value-based CAGR (2022 to 2032) | 8.4% |
Market Top Players Share in 2021. | 3-8% |
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As per newly released data by Future Market Insights (FMI), demand in the South African faith-based tourism market is forecast to increase at a robust 8.4% CAGR over the assessment period, in comparison to the CAGR of 8% registered between 2017 to 2021
South Africa is a popular tourist destination, and the tourism sector contributes significantly to the country's GDP. South Africa is a melting pot of cultures. Expect breathtaking beaches, dramatic mountain capes, vast expanses of untamed bushveld, and starkly gorgeous semi-deserts, lakes, and waterfalls.
Cape Town, indisputably one of the world's most beautiful cities, is one of the most popular destinations for international travelers in South Africa.
Millennials are Exploring Pilgrimage and Cultural Heritage Sites in South Africa
The booming tourist industry in emerging nations has created a wealth of opportunities for the establishment of new tourism niche markets.
Over the past few decades, religious tourism, as one of the tourist-niche markets, has witnessed substantial growth. Religious tourism will continue to remain a topic of research in the future, especially as academics, government officials, and leaders in the tourist sector begin to fully understand the economic significance of this specialized market.
South Africa is emerging as one of the most popular destinations for religious tourism. Millennials and young adults across the globe are not only interested in the serene beauty of South Africa, but they are also eager to explore cultural heritage sites, hidden temples, and other wellness-based spots to relax and unwind.
Halal Tourism in South Africa is Gaining Significance
Halal tourism in South Africa may present opportunities for stakeholders in the faith-based tourist industry to diversify their clientele. In South Africa and throughout the world, halal tourism is emerging.
Muslim culture is a significant part of South Africa's national legacy, making it essential to the country's tourist business. Additionally, the nation is collaborating with dnata World Travel to promote halal tourism in Gulf Cooperation Countries (GCC), particularly in Cape Town.
Easter is the busiest time of year for religious travel in South Africa. For instance, many individuals have made visits to Buffalo City in the EC with the intention of bringing the community spiritual healing, inspiration, and renewal.
The Indian market could be a great opportunity as India is one of South Africa's top three target markets, and the country has laid out a strategic road plan to attract 64% more Indian tourists in 2022 than it did in 2017, according to a statement from the South African Tourism Board.
Tourism Missions/Campaigns to Drive Growth in Faith-Based Tourism Market in South Africa
The potential for economic growth and job creation in the faith-based tourism industry has been acknowledged by the South African government. The establishment of a separate National Department of Tourists and the expansion of the tourism portfolio are clear indications of this.
The Ministry of Tourism is also concentrating on broadening the product base to ensure industry competitiveness. The creation of policies, encouragement and the execution of initiatives to promote high-quality, cost-effective tourist goods have been given top attention in order to boost the competitiveness of the nation's tourism industry. Among other things, this will involve creating and putting into practice the Product Development Strategy and the Niche Tourism Strategies, such as Cultural and Heritage Tourism.
Tourists are Preferring Online Booking for Hassle-free Experience
Due to the simple, hassle-free digital money transfer, live monitoring, and increased security offered by online booking and mobile application platforms, tourists choose to utilize them. Additionally, tourists may utilize the internet to look up and compare details on destinations, hotels, and dining options.
Religious and Heritage Tours are Gaining Popularity Among Young Adults
The study shows that religious and heritage tours will emerge as the most preferred tours over the forecast period. These tours provide the opportunity to learn about traditions, beliefs, history, and spiritual enlightenment.
Sales of Packaged Tours Will Continue to increase
Since tour operators provide a range of package travel trips, including personalization, visitors pick package travel as their preferred trip type. Operators also provide various items that aren't included in other types, such as hotels, meals, and significant savings on package tours.
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To acquire a competitive edge in the market, the top companies in the South African faith-based tourism market are concentrating on upgrading their services by giving discounts, new tour destinations, and packages.
As the popularity of South Africa as a religious tourism destination increases, various companies are entering the market to benefit from the trend. The market is expected to be consolidated in the forthcoming years due to the emergence of travel-based startups in South Africa. Some popular startups include:
Attribute | Details |
---|---|
Estimated Market Size (2022) | US$ 72 Million |
Value-based CAGR (2022 to 2032) | 8.4% |
Top 5 Players Share (2021) | 3-8% |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | US$ Million for Value |
Key Region Covered | Middle East and Africa (MEA) |
Key Countries Covered | South Africa |
Key Segments Covered | Tourism Type, Booking Channel, Tourist Type, Tour Type, Age Group, and Region. |
Key Companies Profiled |
|
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The South African faith-based tourism market is expected to reach a valuation of US$ 72 Million in 2022.
The growing popularity of diving places, new tour launches, customized tours, and increasing mergers and acquisitions, etc. are the key trends driving sales in the market.
Leading players operating in the South Africa faith-based tourism market are- XL Turners Travel- Cape Town, Summer Place, Wanderer Cape Town Tours & Travel- Private Capes Town Tours, Club Traveler, ILIOS Travel (Pty) Ltd, Kabura Travel & Tours, Hotspots2c, The Cape Town Tour Guide Company, Nomad Africa Adventure Tours, Springbok Atlas, Giltedge Travel Group, Earthstompers Adventures, Halal Tourism Africa, etc. are among others.
Leading players in the South African faith-based tourism market are estimated to account for approximately 3%-8% of the total market share.
The South African faith-based tourism market grew at an 8% CAGR between 2017 and 2021.
1. Executive Summary | South Africa Faith-Based Tourism Market 1.1. 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. Faith-Based 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 Tourists (Million) and Forecast (2022 to2032) 2.3. Total Spending Y-o-Y Growth Projections (2022 to 2032) 2.4. Number of Tourists Y-o-Y Growth Projections 3. Faith-Based Tourism Industry Analysis 3.1. Faith-Based Tourism Industry Overview 3.1.1. Faith-Based Tourism Industry Contribution to South Africa’s GDP 3.1.2. Faith-Based Tourism Sector Contribution to India’s Overall Employment 3.1.3. Impact of Covid-19 3.1.4. Others 4. Market Dynamics 4.1. Market Drivers & Opportunities 4.1.1. Rapid Growth of Infrastructure Boosting the Growth in the Market 4.1.2. Aggressively Growing Government Initiatives to Promote the Tourism Industry 4.1.3. Driving Factors Like International Accreditation and Presence of Top Surgeons Propel the Market Forward 4.1.4. Others (during course study) 5. Market Background 5.1. Macro-Economic Factors 5.1.1. South Africa GDP Growth Outlook 5.1.2. South Africa Industry Value Added 5.1.3. Consumer Spending Outlook 5.1.4. South Africa's Direct Contribution of Faith-Based Tourism to GDP 5.1.5. Internet Penetration Rates 5.1.6. Capital Investment in Faith-Based Tourism 5.2. Forecast Factors - Relevance & Impact 6. Categorizing of Market, 2021 6.1. Introduction/ Key Findings 6.2. Current Market Analysis by Tourism Type 6.2.1. Day Trips & Local Gateways 6.2.2. Museums 6.2.3. Pilgrimages 6.2.4. Religious and Heritage Tours 6.2.5. Others 6.3. Current Market Analysis by Tourist Type 6.3.1. Domestic 6.3.2. Internationals 6.4. Current Market Analysis by Tour Type 6.4.1. Independent Traveller 6.4.2. Tour Group 6.4.3. Package Traveller 6.5. Current Market Analysis by Consumer Orientation 6.5.1. Men 6.5.2. Women 6.5.3. Children 6.6. Current Market Analysis by Age Group 6.6.1. 15-25 Years 6.6.2. 26-35 Years 6.6.3. 36-45 Years 6.6.4. 46-55 Years 6.6.5. 66-75 Years 6.7. Current Market Analysis by Booking Channel 6.7.1. Phone Booking 6.7.2. Online Booking 6.7.3. In-Person Booking 7. Social Media Sentimental Analysis 7.1. Social Media Platforms Preferred 7.1.1.1. Facebook 7.1.1.2. YouTube 7.1.1.3. Instagram 7.1.1.4. Twitter 7.1.1.5. LinkedIn 7.1.1.6. Pinterest 7.1.1.7. Google+ 7.1.1.8. Others 7.2. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions 7.3. Trending #Hashtags 7.4. Social Media Platform Mentions (% of Total Mentions) 7.5. Region-Wise Social Media Mentions (% of Total Mentions) 7.6. Trending Subject Titles 8. Competition Analysis 8.1. Competition Dashboard 8.2. Pricing Analysis by Competition 8.3. Competition Benchmarking 8.4. Competition Deep Dive 8.4.1. XL Turner Travel- Cape Town 8.4.1.1. Overview 8.4.1.2. Product Portfolio 8.4.1.3. Profitability by Market Segments (Product/Channel/Region) 8.4.1.4. Sales Footprint 8.4.1.5. Strategy Overview 8.4.1.5.1. Marketing Strategy 8.4.1.5.2. Product Strategy 8.4.1.5.3. Channel Strategy 8.4.2. Summer Place 8.4.2.1. Overview 8.4.2.2. Product Portfolio 8.4.2.3. Profitability by Market Segments (Product/Channel/Region) 8.4.2.4. Sales Footprint 8.4.2.5. Strategy Overview 8.4.2.5.1. Marketing Strategy 8.4.2.5.2. Product Strategy 8.4.2.5.3. Channel Strategy 8.4.3. Wanderer Cape Town Tours & Travel- Private Capes Town Tours 8.4.3.1. Overview 8.4.3.2. Product Portfolio 8.4.3.3. Profitability by Market Segments (Product/Channel/Region) 8.4.3.4. Sales Footprint 8.4.3.5. Strategy Overview 8.4.3.5.1. Marketing Strategy 8.4.3.5.2. Product Strategy 8.4.3.5.3. Channel Strategy 8.4.4. Club Traveler 8.4.4.1. Overview 8.4.4.2. Product Portfolio 8.4.4.3. Profitability by Market Segments (Product/Channel/Region) 8.4.4.4. Sales Footprint 8.4.4.5. Strategy Overview 8.4.4.5.1. Marketing Strategy 8.4.4.5.2. Product Strategy 8.4.4.5.3. Channel Strategy 8.4.5. ILIOS Travel (Pty) Ltd 8.4.5.1. Overview 8.4.5.2. Product Portfolio 8.4.5.3. Profitability by Market Segments (Product/Channel/Region) 8.4.5.4. Sales Footprint 8.4.5.5. Strategy Overview 8.4.5.5.1. Marketing Strategy 8.4.5.5.2. Product Strategy 8.4.5.5.3. Channel Strategy 8.4.6. Kabura Travel & Tour 8.4.6.1. Overview 8.4.6.2. Product Portfolio 8.4.6.3. Profitability by Market Segments (Product/Channel/Region) 8.4.6.4. Sales Footprint 8.4.6.5. Strategy Overview 8.4.6.5.1. Marketing Strategy 8.4.6.5.2. Product Strategy 8.4.6.5.3. Channel Strategy 8.4.7. Hotspots2c, The Cape Town Tour Guide Company 8.4.7.1. Overview 8.4.7.2. Product Portfolio 8.4.7.3. Profitability by Market Segments (Product/Channel/Region) 8.4.7.4. Sales Footprint 8.4.7.5. Strategy Overview 8.4.7.5.1. Marketing Strategy 8.4.7.5.2. Product Strategy 8.4.7.5.3. Channel Strategy 8.4.8. Nomad Africa Adventure Tours 8.4.8.1. Overview 8.4.8.2. Product Portfolio 8.4.8.3. Profitability by Market Segments (Product/Channel/Region) 8.4.8.4. Sales Footprint 8.4.8.5. Strategy Overview 8.4.8.5.1. Marketing Strategy 8.4.8.5.2. Product Strategy 8.4.8.5.3. Channel Strategy 8.4.9. Springbok Atlas 8.4.9.1. Overview 8.4.9.2. Product Portfolio 8.4.9.3. Profitability by Market Segments (Product/Channel/Region) 8.4.9.4. Sales Footprint 8.4.9.5. Strategy Overview 8.4.9.5.1. Marketing Strategy 8.4.9.5.2. Product Strategy 8.4.9.5.3. Channel Strategy 8.4.10. Giltedge Travel Group 8.4.10.1. Overview 8.4.10.2. Product Portfolio 8.4.10.3. Profitability by Market Segments (Product/Channel/Region) 8.4.10.4. Sales Footprint 8.4.10.5. Strategy Overview 8.4.10.5.1. Marketing Strategy 8.4.10.5.2. Product Strategy 8.4.10.5.3. Channel Strategy 8.4.11. Earthstompers Adventures 8.4.11.1. Overview 8.4.11.2. Product Portfolio 8.4.11.3. Profitability by Market Segments (Product/Channel/Region) 8.4.11.4. Sales Footprint 8.4.11.5. Strategy Overview 8.4.11.5.1. Marketing Strategy 8.4.11.5.2. Product Strategy 8.4.11.5.3. Channel Strategy 8.4.12. Halal Tourism Africa 8.4.12.1. Overview 8.4.12.2. Product Portfolio 8.4.12.3. Profitability by Market Segments (Product/Channel/Region) 8.4.12.4. Sales Footprint 8.4.12.5. Strategy Overview 8.4.12.5.1. Marketing Strategy 8.4.12.5.2. Product Strategy 8.4.12.5.3. Channel Strategy 8.4.13. Others 8.4.13.1. Overview 8.4.13.2. Product Portfolio 8.4.13.3. Profitability by Market Segments (Product/Channel/Region) 8.4.13.4. Sales Footprint 8.4.13.5. Strategy Overview 8.4.13.5.1. Marketing Strategy 8.4.13.5.2. Product Strategy 8.4.13.5.3. Channel Strategy 9. Assumptions and Acronyms Used 10. Research Methodology
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