Bleisure Travel Market is Estimated to Cross $731.4 Billion by the End of 2032 

Bleisure enables employees to use weekends to unwind and take in the destination they’re visiting rather than rushing from travel to workplace

 Emergence of bleisure travel is expected to boost the market growth in the future. Moreover, incorporation of multiple industry such as hospitality, as well as new strategies by companies are expected to promote sustainability and result in the market growth in the upcoming years.

According to a new report published by Allied Market Research, titled, “Bleisure Travel Market,” The bleisure travel market size was valued at $315.30 billion in 2022, and is estimated to reach $731.4 billion by 2032, growing at a CAGR of 8.9% from 2023 to 2032.

A vacation that combines business and pleasure is referred to as a bleisure trip. Bleisure travel, also known as blended travel, is typically business-focused but includes time for leisure activities, typically at the start or end of a work trip and is one of the bleisure travel market trends across the globe. While attending conferences or sales meetings during the week, a businessperson may choose to unwind, go sightseeing, and take in the local culture on the weekend before or after.

Request For Sample :- https://www.alliedmarketresearch.com/request-sample/6722

For many professionals, workcations and leisure travel can be a clear advantage because they allow them to take advantage of experiences that might not otherwise be accessible as well as more time to unwind. And since every modern business leader understands the value of employee well-being, business travel no longer has to be solely transactional. Instead, pleasant personal experiences may raise staff morale, foster a positive outlook, and be energizing.

Bleisure enables employees to use weekends to unwind and take in the destination they’re visiting rather than rushing from travel to workplace. This extra time can ensure that both their personal and professional requirements are satisfied, and it eventually offers them a chance to “recharge” their physical and mental metaphorical batteries. Similar to vacation days, workcations let employees take advantage of much-needed scenery changes while still attending to their work obligations.

The bleisure travel industry is segmented on the basis of employee, age group, industry and region. By employee, the bleisure travel market is classified into executive, middle management, and entry level employee. Depending on age group, the market is categorized into millennial, generation X and others. By industries industry categorized into government and corporate. By region, the market is analyzed in North America, Europe, Asia Pacific and LAMEA.

Request For Customization :- https://www.alliedmarketresearch.com/request-for-customization/6722

Depending on the employee, the middle management segment dominated the market in 2022, garnering around two-fifths of the market share; moreover, the middle management is expected to grow at the highest CAGR of 9.2% from 2023 to 2032. In addition, Middle managers, who have an average salary of close to $80,000 per year and are between the ages of 36 and 54, make up the largest category. They frequently come from the IT sector and hold a substantial market share. A company’s whole workforce may occasionally assemble in one place for a few days or perhaps a few weeks of work and enjoyment. An entire team retreat is what is meant here. In contrast to women, who are more inclined to travel for pleasure, males are more likely to travel for work, according to a US survey.

Depending on the age group, the millennial segment dominated the bleisure travel market size in 2022, garnering around two-fifths of the market share. Moreover, millennials are expected to grow at the highest CAGR of 9.1% from 2023 to 2032. In addition, Millennials are no longer just known for initiating new fads or visiting far-off places. Instead, students learn about the history and significance of each location they go to, learn about the customs of the people there, and engage in local interaction. Millennials are energetic, life-loving people who are committed workers, compulsive shoppers, and seasoned partygoers. They set out for enjoyment and financial gain. Usually, their companies give them permission to travel and pay for it. It is therefore expected to increases the bleisure travel market demand across the globe.

Depending on the industry, the corporate segment dominated the market in 2022, garnering majority of the market share; however, the corporate is expected to grow at the highest CAGR of 9.0% from 2023 to 2032. In addition, as business travellers mix their journey for business with their personal time off, bleisure travel is growing in popularity. Technology has made it harder to distinguish between work and play. Due to this, a new breed of business travellers has emerged that schedule their trips to maximize their free time as well.

LIMITED-TIME OFFER – Buy Now & Get Exclusive 15 % Discount on this Report @checkout link :- https://www.alliedmarketresearch.com/checkout-final/435684ccaae9b8a03f5e0f2a5290a1d2

Some of the major players analyzed in this report are Bleisure Travel Company, BCD Group, Booking Holdings, Fareportal, Expedia Group, Airbnb, Flight Centre Travel Group, Wexas Travel, TravelPerk, TravelBank and FCM Travel Solution.

Key findings of the study

By employee, the middle management segment is estimated to witness significant bleisure travel market growth, registering a CAGR of 9.2% during the forecast period.

By age group, the millennial segment is anticipated to grow at a CAGR of 9.1% during the bleisure travel market analysis.

By industry, the corporate segment is estimated to witness significant growth, registering a CAGR of 9.0% during the forecast period.

By region, Europe was the dominant region in 2021, occupying a major share of the market.


TRENDING REPORTS :-

Vacation Rentals market https://www.alliedmarketresearch.com/vacation-rentals-market-A16943
Culinary Tourism Market https://www.alliedmarketresearch.com/culinary-tourism-market-A06326
Beach Hotels Market https://www.alliedmarketresearch.com/beach-hotels-market
Adventure Tourism Market https://www.alliedmarketresearch.com/adventure-tourism-market

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

Contact: 

David Correa 
5933 NE Win Sivers Drive 
#205, Portland, OR 97220 
United States 
USA/Canada (Toll Free): 
+1-800-792-5285, +1-503-894-6022 
UK: +44-845-528-1300 
Hong Kong: +852-301-84916 
India (Pune): +91-20-66346060 
Fax: +1(855)550-5975 
help@alliedmarketresearch.com 
Web: www.alliedmarketresearch.com 
Allied Market Research Blog: https://blog.alliedmarketresearch.com  
Follow Us on | Facebook | LinkedIn | YouTube | 

Leave a comment

Your email address will not be published. Required fields are marked *