Shopping Tourism Market, By Product Type (Fashion & Accessories, Beauty & Cosmetics, Electronics, Food & Beverage, Others), By End User (Men, Women, Others), By Purpose of Trip (Leisure, Medical , Business, Education), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024

Code : CMI6968

Pages :125

Formats :

Excel and PDF

Industry : Consumer Goods

Market Concentration and Competitive Landscape

Shopping Tourism Market Concentration By Players

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Globalization of Tastes Driving Cosmopolitan Shopping

Globalization has significantly increased the movement of people across borders. With international travel becoming more accessible, people are now exposed to different cultures, cuisines and lifestyles. This widespread cultural interaction and exposure is fueling cosmopolitan tastes among global consumers. They are seeking unique experiences and vibrant multiculturalism beyond what is available locally. This globalization of tastes is a major driver for the growth of global shopping tourism. As consumers travel more, they seek local authentic products that connect them with culture and heritage of their travel destinations. Their shopping excursions have evolved from being a by-product of travel to becoming an experience in itself. Many travel plans are now influenced by the reputation of shopping destinations rather than just attractions or sights. This trend is helping relatively smaller cities and specialist shopping clusters to come up on the global tourism map. For example, medieval towns across Europe known for specialized crafts like glass-making now attract significant tourist shoppers who hunt for distinct regional goods. With the ease of online research, tourists are well informed about unique shopping experiences worldwide before planning their travel. The demand is leading to rapid changes within the retail industries globally as well. Destinations are promoting specialized shopping districts, organizing one-of-kind retail events and craft experiences to make their cities memorable shopping enclaves. Mall developers are increasingly integrating international boutiques, artisanal markets and mixed-use entertainment precincts to appeal varied tourist profiles.

Key Players Insights