Prepared for Chris W. | Delivered October 7, 2019
Community-centric Travel Market
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To obtain trends, statistics, revenue, and segments for the community-centric hospitality market. Just like
, brands within this market are typically focused on "
cultivating community through travel
For The Love Of Travel
(known as FTLO) is a
travel brand that is "reimagining the
group travel experience
for young adults". The company enables solo travelers to
by connecting with
people all over the world.
FTLO is focused on group travel for young adults aged
25 to 39
According to Allied Market Research, the
group travel market
in the Asia-Pacific region is expected to be worth
billion by 2030. This market would grow at a CAGR of
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 "
people take a coach tour holiday" yearly.
Claire Gilbert, the owner of Fine Tours and Cruises, states that “group travel is both
exciting and intimidating
From the perspective of travel agents and companies, Gilbert said:
it’s nice to have that much business
concentrated on one destination
and in a narrow timeframe".