The latest market report published by Credence Research, Inc. is “Global Film Tourism Market: Growth, Future Prospects, and Competitive Analysis, 2018 – 2030”. The Global Film Tourism Market generated revenue of around USD 68.1 billion in 2022 and is projected to grow a CAGR of over 7.2% during the forecast period from 2023 to 2030 to reach around USD 110.79 billion in 2030.
Global film tourism is a rapidly growing industry for travelers visiting destinations featured in movies or television shows. This sector is driven by the growing popularity of film and television productions and interest in cultural and heritage tourism. Film tourism provides travelers a once-in-a-lifetime opportunity to see locations immortalized on film and experience the same sights, sounds, and atmosphere as shown in their favorite films. Besides, the film tourism industry brings significant economic benefits to destinations, such as increased tourism revenue, job creation, and investment in local infrastructure. As a result, several destinations have recognized the importance of film tourism and are investing in their film industries to attract more visitors. The global film tourism market provides significant opportunities for tourism destinations and industry players to attract visitors, increase revenue, and enhance cultural heritage. However, various limitations restrict the global film tourism market growth, including the high cost of film production and the danger of investing in a movie that may fail. Furthermore, the impact of film tourism on local people and landscapes can be both positive and negative, and it is necessary to manage this impact carefully.
The global film tourism market is bifurcated into Location Type, Booking Channel, Tourist Type, Tour Type, Consumer Orientation, Age Group, and Geography. The market is categorized into film sets, destinations, and festivals based on location type. Based on booking channels, the global market is segmented into the phone, online, and in-person booking. The market is divided into domestic and international based on the tourist type. The market is classified into independent travelers, package travelers, and tour groups based on tour type. The global market is divided into men and women based on consumer orientation. Based on age group, the market is segmented into 15-25 years, 26-35 years, 36-45 years, 46-55 years, and 66-75 years. The market is segmented based on geography: Europe, Asia Pacific, North America, Latin America, the Middle East, and Africa.
North America dominated the global film tourism market in 2022, owing to the region’s established and diverse film industry, iconic movie and TV locales, and strong tourism infrastructure. The United States, in particular, is home to Hollywood, which is widely regarded as the global center of the film industry. The existence of film festivals, such as the Sundance Film Festival in Utah and the Toronto International Film Festival in Canada, adds to the region’s appeal as a film tourist destination. Furthermore, the increasing popularity of streaming platforms and the number of original materials generated by North American studios and networks have contributed to the region’s film tourism sector.
Film tourism has become a growing trend in recent years, with more and more people visiting destinations that have been featured in popular movies and TV shows. As such, the Film Tourism Market major players analysis is an important tool for understanding the key players driving this market forward. Some of the major players include Warner Bros., Disney, Universal Studios, and Paramount Pictures. These companies not only produce blockbuster films and TV shows but also operate theme parks and other attractions that draw tourists from all over the world. In addition to these big-name studios, there are also smaller production companies focused on niche markets like horror or independent films that have developed strong followings among film fans.
The growth factors influencing the film tourism market worldwide include:
- Popularity of film and TV series: The global popularity of films and TV series creates a significant interest among fans to visit the filming locations. Iconic destinations featured in movies and shows attract tourists who want to experience the settings and immerse themselves in the stories they love.
- Destination promotion and marketing: Film tourism provides an opportunity for destinations to promote their unique landscapes, landmarks, and cultural heritage showcased in films. Tourism boards and local authorities actively market and capitalize on the exposure gained from being featured in popular films or series.
- Influence of social media and digital platforms: Social media platforms and digital content have a profound impact on travel decision-making. Images, videos, and experiences shared by travelers visiting film locations through social media channels generate curiosity and inspire others to visit those destinations.
- Film-induced nostalgia and emotional connection: Films often create emotional connections and nostalgia among audiences. Fans are motivated to visit film locations to relive the experiences depicted on screen and connect with their favorite characters and stories.
- Unique and photogenic locations: Films frequently showcase visually stunning and unique locations that capture the imagination of viewers. Travelers are drawn to visit these extraordinary places to experience their beauty firsthand and capture memorable photographs.
- Economic benefits for local communities: Film tourism brings economic benefits to local communities by generating revenue through increased tourism spending. This revenue contributes to local businesses, accommodation providers, restaurants, tour operators, and other related services.
- Fan events and festivals: Film-related events, fan conventions, and festivals organized around popular films or TV series attract enthusiasts from around the world. These events often feature screenings, panel discussions, and opportunities to meet cast members, creating an immersive experience for fans.
Why to Buy This Report-
- The report offers a quantitative and qualitative analysis of the global film tourism market by segments, drivers, current trends, restraints, challenges, opportunities, and market dynamics with the historical period from 2018–2021, base year–2022, and forecast period 2023–2030.
- The report gives insights into the competitive landscape, including how key players in the market are operating globally, regionally, and at the country levels.
- The report contains an extensive analysis of the global film tourism market segmentation by location type, booking channel, tourist type, tour type, consumer orientation, and age group, which can assist stakeholders in better understanding market dynamics and identifying potential growth opportunities.
- The report offers business insights into technological advancements, R&D activities, and product/service innovations in the film tourism market.
Browse Full Report: https://www.credenceresearch.com/report/film-tourism-market