Global Safari Tourism Market Overview:
Safari Tourism are the most popular among middle-aged and young travellers. During the forecast period, the global safari travel market is expected to grow. However, today's travellers want to delve deeper into the local cultures of the places they visit. Many new players entering the luxury safari tourism market are keeping this in mind and providing safari travellers with a personalized experience. Personalized safari travel allows travellers to sample local cuisine and purchase the finest and most rare exquisite handicrafts. These safari trips are becoming increasingly popular among people of all ages, with millennial taking the lead.
|Unit||Value (USD Million)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
- Increase in Tourism Expenditure across the Globe
- Rise in Destination Celebration
- COVID-19 had impacted Tourism Industry which may Restrain the Market Growth
- Growing Adoption of Social Media Platform
- High Cost of Safari Packages
- Infrastructure Issues and Safety Issues may Hinder the Market Growth
The demand for Safari Tourism is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes TUI Group, Thomas Cook Group, Abercrombie & Kent and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how safari tourism can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are TUI Group (Germany), Wilderness Safaris (South Africa), Thomas Cook Group (United Kingdom), Abercrombie & Kent (United States), Intrepid Travel (Australia), Tauck (United States), Seera Group (Saudi Arabia), Cox & Kings (India), Singita (South Africa) and Scott Dunn (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Micato Safaris (United States), Backroads (United States) and AndBeyond (South Africa). Analyst at AMA Research see United States Vendors to retain maximum share of Global Safari Tourism market by 2027.
In June 2022 Wilderness Safaris had announced the partnership with Wayo Africa. This partnership enables Wilderness Safari to help increase their collective conservation footprint and positive impact in Tanzania, sharing the country’s extraordinary rich natural and cultural heritage with its guests. In addition to being one of Tanzania’s most respected safari brands, their offering is unique and impact, such as specialist-guided multi-day walking safaris in all the remote Serengeti Wilderness Zones, ensuring intimate wildlife encounters led by expertly trained guides.
What Can be Explored with the Safari Tourism Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Safari Tourism Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Safari Tourism
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Safari Tourism market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Safari Tourism market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New entrants/investors, Analysts and Strategic Business Partners, Government & Regulatory Bodies, Corporate Entities, End-use industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.