Casino Tourism Market Size, Industry Analysis Report By Type (Poker, Blackjack, Roulette, Slots), By Consumer Orientation (men, women) & Region – Forecasts
- PUBLISHED ON
- 31/10/2022
- NO OF PAGES
- 270
- CATEGORY
- Retails & Consumer
The Casino Tourism Market is valued at around USD 191 billion in 2022 and is expected to reach USD 311.6 billion by 2030, registering a CAGR of 4.7% over the forecast period. For those who enjoy both travelling and gaming, casino tourism is popular. Traveling to foreign nations to visit casinos while on vacation is what gambling tourism is all about. Speaking of casino tourism, many nations have constructed sizable casinos throughout their borders in an effort to draw more visitors. An environment that is more conducive to tourism is advantageous for the economy since it draws more travellers, potential investors, and cash. Visits to casinos are common in some of the most well-known tourist sites globally. This new form of tourism has consequently gained popularity in the majority of the world's developed regions. Below, we'll go over how casinos affect tourism and how they affect a nation's total economy.
The Casino Tourism Market - Growth Factor
Over the past few years, the casino hotel market has grown significantly. This has enabled the sector's investors to make investments and build a number of opulent casino hotels in numerous prominent locations. Revenues from a wide range of services and amenities, including entertainment, food, drink, dining, rooms and lodging, casinos and gambling, etc., are generated by the casino hotel industry. Worldwide, the number of casino hotels is rapidly dominating the accommodation and hotel sectors in terms of visitor preference. Due to changing travel preferences in emerging nations as a result of rising disposable wealth, the demand for casino hotels is becoming more upmarket. The market for casino hotels is seeing more growth opportunities as a result of this. Additionally, the market share of the casino hotel business typically increases in the spring and summer since people like to travel when the weather is nicer than it is in the winter.
The Casino Tourism Market – Market Trends
• Due to the hospitality industry's double-digit expansion over the past ten years and increasing tourist demand for premium accommodations, the market for casino hotels worldwide is experiencing increased growth.
• The casino hotel industry is expanding exponentially for a number of reasons. A big part of a nation's economic development is played by the hotel and casino business. Additionally, this sector provides a wide range of job opportunities, including those for gaming managers, supervisors, security guard roles, supervisors of slot machines, dealers, etc.
• The casino hotel market is also benefited by expanding job opportunities in the sector. For casino hotels, there is a need for qualified people in a number of sectors, including the front desk, technological support, food and dining, entertainment, gardens, and other maintenance.
The Casino Tourism Market – Segmentation
The Casino Tourism Market fragrance concentrates market has been sub-classified into type, consumer orientation, age group.
On the basis of type, the Casino Tourism Market is bifurcated into:
• Poker
• Blackjack
• Roulette
• Slots
• others
On the basis of consumer orientation, the market is segmented into:
• men
• women
• others
On the basis of age group, the market segmented into:
• 18-35 years
• 36-50 years
• 50 years and above
• Others
The Casino Tourism Market –Regional Analysis
North America dominated the global Casino Tourism Market, Due to the growth of the gaming and casino industries in the United States and the presence of a few internationally renowned casino cities there, the country now accounts for a significant portion of the market share in this region for casino hotels. According to estimates, the North American area holds 32% of the global market share, followed by Asia Pacific with 29.60% and Europe with 26.30%. Higher growth potential is a factor in the Asia-Pacific rising economies.
The Casino Tourism Market – Key Market players
Global key players of Casino Tourism Market include Palms Casino Resort, Caesars Entertainment Corporation, City of Dreams Manila, Eldorado Resort Casino, DraftKings Inc., Foxwoods Resort Casino, Galaxy Entertainment Group Ltd, MGM Resorts International, Palms Casino Resort, Wynn Resorts Limited, and others.
Report scope
Global Casino Tourism Market: Historical Years- 2018-2021
Global Casino Tourism Market: Forecast Years- 2022-2030
Global Casino Tourism Market 2022- USD 191 billion
Global Casino Tourism Market 2030- USD 311.6 billion
Global Casino Tourism Market CAGR- 4.7%
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