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Global Halal Tourism Market to reach USD XX million by 2028.

Global Halal Tourism Market Size study, By Type (Domestic Tourism, International Tourism), By Application (Millennials, Senior Citizens, Female Segment, Families), By Purpose (Leisure, Business, Ramadan), By Budget (Luxury, Medium Budget, Low Budget), and Regional Forecasts 2022-2028

Product Code: OIRTT-50605207
Publish Date: 5-07-2022
Page: 200

Global Halal Tourism Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. The Halal Tourism also known as Halal travel or halal-friendly tourism refers to subcategory of tourism intended for Muslim travelers who abide by rules of islam. In halal tourism travel agents or service providers designs their tour packages follow rules of halal. Hotels in halal tourism category do not serve alcohol, features separate swimming pools and spa facilities for men and women, serve only halal foods, and offers prayer facilities for Muslims tourists in-room and in a common hall. The growing travel spending from Muslims around the world and growing emergence of Muslim friendly tour portals as well as recent strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – in 2019, Muslims around the world spent around USD 202 billion across food, pharmaceutical cosmetics, fashion, travel, and media/recreation sectors, and this amount is projected to grow to USD 240 billion by 2024. Furthermore, leading market players are coming up with innovative tour packages specially designed for Muslim tourism to capital the growing demand for Halal Tourism. For instance, in July 2019, Malaysian OTA HalalHoliday.com soft launched as a Muslim-targeted portal offering Umrah and holiday packages – including both inbound and outbound tours in more than 60 countries. The Umrah packages, would enable pilgrims to personalize their journey. Moreover, in May 2022, New York City’s official marketing, tourism and partnership organization named NYC & Company, in partnership with the leading, halal-friendly travel authority Halal Trip/Crescent Rating launched a new centralised resource for locals and visitors, the Halal Travel Guide. It is the first-ever Halal Travel Guide released by a US tourism organisation, and would provide information of halal restaurants, Muslim history and art exhibitions across the five boroughs of New York City as well as sharing tips and advice from Muslim travel experts. Also, growing tourism sector in post covid era and increasing penetration of online booking channels are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, lack of penetration in developing regions impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Halal Tourism Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the growing tourism spending and increasing penetration of halal friendly tour packages in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as growing emergence of Muslim friendly hotels and rising travel spending in post covid era, would create lucrative growth prospects for the global Halal Tourism Market across the Asia Pacific region.

Major market players included in this report are:
Halaltours.org
Carisa travel group
Rooh Travel Limited
HalalBooking Ltd.
Halal Safaris
Halal Trip India
Hello Travel Pte Ltd
Islamic Travel
Rihaala
Tripfez Travel

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Domestic Tourism
International Tourism
By Application
Millennials
Senior Citizens
Female Segment
Families
By Purpose
Leisure
Business
Ramadan
By Budget
Luxury
Medium Budget
Low Budget
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Halal Tourism Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Halal Tourism Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Halal Tourism Market, by Type, 2020-2028 (USD Million)
1.2.3. Global Halal Tourism Market, by Application, 2020-2028 (USD Million)
1.2.4. Global Halal Tourism Market, by Purpose, 2020-2028 (USD Million)
1.2.5. Global Halal Tourism Market, by Budget, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Halal Tourism Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Halal Tourism Market Dynamics
3.1. Halal Tourism Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Rising travel spending from Muslims around the world.
3.1.1.2. Growing emergence of Muslim friendly tour portals
3.1.1.3. Recent strategic initiatives from leading market players.
3.1.2. Market Challenges
3.1.2.1. Lack of penetration in developing regions.
3.1.3. Market Opportunities
3.1.3.1. Growing tourism sector in post covid era.
3.1.3.2. Increasing penetration of online booking channels.
Chapter 4. Global Halal Tourism Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Halal Tourism Market, by Type
6.1. Market Snapshot
6.2. Global Halal Tourism Market by Type, Performance – Potential Analysis
6.3. Global Halal Tourism Market Estimates & Forecasts by Type 2018-2028 (USD Million)
6.4. Halal Tourism Market, Sub Segment Analysis
6.4.1. Domestic Tourism
6.4.2. International Tourism
Chapter 7. Global Halal Tourism Market, by Application
7.1. Market Snapshot
7.2. Global Halal Tourism Market by Application, Performance – Potential Analysis
7.3. Global Halal Tourism Market Estimates & Forecasts by Application 2018-2028 (USD Million)
7.4. Halal Tourism Market, Sub Segment Analysis
7.4.1. Millennials
7.4.2. Senior Citizens
7.4.3. Female Segment
7.4.4. Families
Chapter 8. Global Halal Tourism Market, by Purpose
8.1. Market Snapshot
8.2. Global Halal Tourism Market by Purpose, Performance – Potential Analysis
8.3. Global Halal Tourism Market Estimates & Forecasts by Purpose 2018-2028 (USD Million)
8.4. Halal Tourism Market, Sub Segment Analysis
8.4.1. Leisure
8.4.2. Business
8.4.3. Ramadan
Chapter 9. Global Halal Tourism Market, by Budget
9.1. Market Snapshot
9.2. Global Halal Tourism Market by Budget, Performance – Potential Analysis
9.3. Global Halal Tourism Market Estimates & Forecasts by Budget 2018-2028 (USD Million)
9.4. Halal Tourism Market, Sub Segment Analysis
9.4.1. Luxury
9.4.2. Medium Budget
9.4.3. Low Budget
Chapter 10. Global Halal Tourism Market, Regional Analysis
10.1. Halal Tourism Market, Regional Market Snapshot
10.2. North America Halal Tourism Market
10.2.1. U.S. Halal Tourism Market
10.2.1.1. Type estimates & forecasts, 2018-2028
10.2.1.2. Application estimates & forecasts, 2018-2028
10.2.1.3. Purpose estimates & forecasts, 2018-2028
10.2.1.4. Budget estimates & forecasts, 2018-2028
10.2.2. Canada Halal Tourism Market
10.3. Europe Halal Tourism Market Snapshot
10.3.1. U.K. Halal Tourism Market
10.3.2. Germany Halal Tourism Market
10.3.3. France Halal Tourism Market
10.3.4. Spain Halal Tourism Market
10.3.5. Italy Halal Tourism Market
10.3.6. Rest of Europe Halal Tourism Market
10.4. Asia-Pacific Halal Tourism Market Snapshot
10.4.1. China Halal Tourism Market
10.4.2. India Halal Tourism Market
10.4.3. Japan Halal Tourism Market
10.4.4. Australia Halal Tourism Market
10.4.5. South Korea Halal Tourism Market
10.4.6. Rest of Asia Pacific Halal Tourism Market
10.5. Latin America Halal Tourism Market Snapshot
10.5.1. Brazil Halal Tourism Market
10.5.2. Mexico Halal Tourism Market
10.6. Rest of The World Halal Tourism Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Halaltours.org
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Carisa travel group
11.2.3. Rooh Travel Limited
11.2.4. HalalBooking Ltd.
11.2.5. Halal Safaris
11.2.6. Halal Trip India
11.2.7. Hello Travel Pte Ltd
11.2.8. Islamic Travel
11.2.9. Rihaala
11.2.10. Tripfez Travel
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
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The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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