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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:
Carisa travel group
Rooh Travel Limited
HalalBooking Ltd.
Halal Safaris
Halal Trip India
Hello Travel Pte Ltd
Islamic Travel
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
Senior Citizens
Female Segment
By Purpose
By Budget
Medium Budget
Low Budget
By Region:
North America

Asia Pacific
South Korea
Latin America
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

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 Rising travel spending from Muslims around the world. Growing emergence of Muslim friendly tour portals Recent strategic initiatives from leading market players.
3.1.2. Market Challenges Lack of penetration in developing regions.
3.1.3. Market Opportunities Growing tourism sector in post covid era. 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 Type estimates & forecasts, 2018-2028 Application estimates & forecasts, 2018-2028 Purpose estimates & forecasts, 2018-2028 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 Key Information Overview Financial (Subject to Data Availability) Product Summary 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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
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.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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