The article cited AMA's Global Solo Travel Service Market Study explored substantial growth with CAGR of %. According the report, Growing Virtual Reality Tourism Platform
is one of the primary growth factors for the market. Rising Number of Solo Traveling Enthusiasts over the World
is also expected to contribute significantly to the Solo Travel Service market. Overall, applications of Solo Travel Service, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Exodus Travel (United Kingdom), G Adventures (Canada), Ftlo Travel (Canada), Weroad Travel (United Kingdom), EL Camino Travel (United States), Overseas Adventure Travels (United States), Wild Women Expeditions (Canada), Intrepid Travel (Australia), Flashpack (United Kingdom) and Solos Holidays (United Kingdom) may see astonishing sales in this Market and certainly improve revenue growth.
The Service, such as Hotel and Wi-Fi, is boosting the Solo Travel Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Adventure Seekers, is boosting the Solo Travel Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Solo Travel Service market identified that the demand is rising in many different parts of the world as "Increasing Number of Travel and Tourism Software Applications
". Furthermore, some recent industry insights like "On 22 March 2022, Adventure group travel company, WeRoad, has officially launched in the UK, taking small groups of solo travellers, starting from as low as a £200 booking deposit.The travel industry faced massive challenges during the past two years and WeRoad was no exception. As the pandemic hit in March 2020, the company had two options, freeze their operations, and look to survive, or pivot their business model in another direction and thrive during lockdown." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Skilled Guides Providing Proper Information about Solo Travelling and Lack of Providing Proper Safety Travel Equipment"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Solo Travel Service market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Solo Travel Service market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Solo Travel Service market tight? Which application/end-user category or Product Type [Long Term Solo Trip Service and Short Term Solo Trip Service] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Solo Travel Service market and other related sub-markets covered in the study.
o Key & emerging players in the Solo Travel Service market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Solo Travel Service market size is calculated using market estimation process, the Solo Travel Service market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Solo Travel Service market size has been validated using both top-down and bottom-up approaches.