Helicopter Tourism Market – Overview
One of the factors driving the growth of the Helicopter tourism market is rise in tourism sector. Over the years, travel and tourism sector has witnessed a phenomenal rise, due to the growing economic conditions of a number of countries. Of late, it has grown rapidly and has displayed its potential to surpass the IT industry, in terms of the revenue. Tourism can be domestic or international, which directly influences the country’s economic condition as it serves as a major source of income. This growth in the tourism sector will boost the helicopter tourism market. The other factors that are responsible for the growth of the market are the growing popularity of helicopter travel, increase use of commercial helicopters, and decline in the crude prices. The demand for air travel has grown significantly, with more number of travel companies offering cheaper flights. Moreover, fuelled by the internet based services, the prices have become very low and competitive, which encourages the customers to opt for air travel. This has resulted in an increased number of passengers/customers able to afford air travel as a mode for business travel, holidays, and tourism. With the increase in air travel, there has been a simultaneous rise in preference of customers to fly in helicopters due to a number of benefits.
The market has been analyzed based on tourism type, ownership, and region. On the basis of type, customized tourism segment has dominated the helicopter tourism market during the forecast period due to the growth in tourism sector. Traditionally, the tourists used to opt for the first deal that was offered to them by the tourism companies. However, technology advancements and the rise in the number of social media users, have enabled tourists to choose from an array of tourism destinations, resorts, and airlines, and overall packages. With the growth of social media and the internet penetration, people have infinite possibilities and opportunities, which has also empowered them for picking their best deals. Also, they can now demand customization of desired services. Consequently, the tourism companies adapt to and take advantage of the opportunities.
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Fractional ownership is expected to dominate the global helicopter tourism market by ownership segment during the forecast period
On the basis of ownership, fractional ownership segment has dominated the market during the forecast period because fractional ownership requires a lower up-front capital expenditure as compared to the full purchase of helicopters. Helicopters used in fractional programs operate for more hours as compared to general helicopters and, therefore, have a lower-than-average residual value. Fractional programs cover fixed costs by charging a monthly fee, which is set by the management of the company without the owner intervention.
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We recognize the key players in the global helicopter tourism market as Airbus (Netherlands), Bell Helicopter Textron Inc (Texas), Leonardo – S.p.A (Italy), Russian Нelicopters JSC (Moscow), Sikorsky (U.S), AVIC (China), Enstrom Helicopter Corp (Michigan), MD HELICOPTERS, INC (Arizona), Robinson Helicopter Company (California), and Turkish Aerospace Industries Inc (Turkey),
According to MRFR, the Helicopter Tourism Market is expected to reach USD 941.6 million by 2023 at a CAGR of 4.17% during the forecast period.
“This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.”
Helicopter Tourism Market – Segments
For the convenience of the report and enhanced understanding; The Helicopter Tourism Market is segmented in to 3key dynamics
Segmentation by Tourism Type: Customized Tourism and General Tourism.
Segmentation by Ownership: Fractional Ownership, Charter Service, and Joint ownership agreements.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and RoW.
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