Delivered October 7, 2019. Contributor: Benjamin H.
To obtain trends, statistics, revenue, and segments for the community-centric hospitality market. Just like FTLO, brands within this market are typically focused on "cultivating community through travel".
FTLO is focused on group travel for young adults aged 25 to 39 years.
According to Allied Market Research, the group travel market in the Asia-Pacific region is expected to be worth $689.5 billion by 2030. This market would grow at a CAGR of 6.0% between the 2019-2030 forecast period.
Tourism South East reports that the group travel sector is an integral and important market within the travel, leisure, and tourism industry.
In the United Kingdom, about "7 million people take a coach tour holiday" yearly.