May 23, 2024
Rural Tourism Market

Rural Tourism Market is Estimated to Witness High Growth Owing to Growing Domestic and International Tourist Preferences.

Rural tourism involves travelling to rural or agrarian areas with the objective of experiencing the culture and traditions of local people. It is an important activity for several rural areas as it provides income generation opportunities along with allowing interaction between tourists and locals. Rural tourism helps in the preservation of cultural heritage of rural areas, and promotes rural crafts and cuisines. It also offers activities like hiking, camping, rural adventure sports etc. in natural surroundings. The growing interest among tourists in experiencing village life, cultural activities and natural landscapes is a major driver for the rural tourism market.

The Global Rural Tourism Market is estimated to be valued at US$ 177.78 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the Global Rural Tourism are The Greener Pastures, Culture Aangan, Grassroutes, Muddy Boots, Navadarshanam, CENTRAL NODAL AGENCY, Incredible Rural India, Trippin Traveller, Travel and Transport, Altour, Direct Travel, World Travel Inc, Omega World Travel, Frosch, JTB Americas Group, Ovation Travel Group.

The key opportunities in the Rural Tourism Market Growth include developing tourist-friendly rural infrastructure, promoting local fairs and festivals, offering domestic rural experience packages and promoting rural homestays. Several countries are also focusing on rural tourism as an important tool for rural economic development and poverty alleviation.

The rural tourism industry has been witnessing steady expansion globally due to rising tourist interest in rural experiences. Countries like India, China, Brazil, Spain and New Zealand have recognized rural tourism as an important sector and are promoting associated developments.

Market drivers

The growing preference of tourists towards experiencing village culture, partaking in rural adventure sports and enjoying scenic natural environments are major drivers for the rural tourism market. Moreover, the trend of traveling to offbeat rural destinations for obtaining new experiences is propelling the demand for rural travel packages. The increased usage of social media platforms is also creating buzz about rural tourism among digital travelers and influencers globally.

PEST Analysis

Political: Rural Tourism is subject to certain political regulations and policies set by the government bodies pertaining to rural and tourism development. Favorable government policies boost rural infrastructure which positively impacts the market.

Economic: The economic growth and increase in disposable income has raised domestic and international tourism. Rural areas offer cost-effective vacation options compared to urban areas driving the demand for rural tourism.

Social: Changing lifestyle and preference for experiencing local culture and heritage has fueled interest in rural tourism. The proliferation of internet and social media increased awareness about unique rural experiences among tourists.

Technological: Advent of technologies like augmented reality, virtual reality, mobile apps have enhanced the rural tourism experience. Digital marketing tools help promote lesser-known destinations to a wider audience. Advanced transportation and accommodation facilities expanded the rural tourism sectors.

Concentration in geographical regions

Europe accounts for the largest share of the global rural tourism market in terms of value. Countries like France, Italy, Spain, UK are popular European destinations renowned for their picturesque countryside, villages, farms, heritage sites and activities. Asia Pacific region has emerged as a major growing market led by China, Japan and countries of Southeast Asia.

Fastest growing region

The Asia Pacific region registers the fastest growth in the rural tourism market supported by rapidly growing economies, large population, rising affluence, government initiatives and improved infrastructure. Countries like India and China are promoting agritourism and community-based rural experiences to uplift local populations.

1.  Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it