URBAN TOURISM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America remains the dominant region in the global urban tourism market with estimated 34.7% share in 2024. Hundreds of millions of people visit major cities like New York, Los Angeles, Chicago and Toronto every year. The large population and wealth of the region has made urban centers hugely popular travel destinations. Furthermore, factors like ease of travel through major airports, high quality accommodation and tourism infrastructure are expected to drive the market growth. Cities in the U.S. and Canada excel in aspects like entertainment, arts, culture and dining which adds to their appeal. Strong brand recognition globally for iconic attractions and neighborhoods ensure a steady influx of tourists. However, high costs of living could impact certain travel budgets in the long run.

Africa has emerged as one of the fastest growing regions due to renewed interest from international visitors. Cities like Cape Town, Johannesburg, Cairo, Casablanca and Marrakesh are transforming themselves into compelling urban hubs. Political stability, growing middle class and improving connectivity in major nations have boosted arrivals. There is rise in travelers looking to experience cultures and landmarks less explored. Promotional initiatives by local administrations have spotlighted the abundance of natural and historical treasures. The diversity across regions and affordability relative to developed markets work to the advantage. Awareness about unique attractions through social media and travel influencers drives more traffic. Infrastructure development to aid tourism can help sustain the momentum if appropriately scaled up.