According to a new report published by We Market Research, titled, Casino Tourism Market size is estimated to reach $311.6 billion by 2030, growing at a CAGR of 4.7% from 2022 to 2030.
Gambling tourism is the practice of taking vacationers to foreign countries to visit casinos. In reference to casino tourism, some countries have built substantial casinos all across their borders in an attempt to entice more tourists. An environment that is more favorable to tourism boosts the economy by attracting more tourists, potential investors, and money. In some of the most popular tourist destinations in the world, casino visits are frequent occurrences.
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As a result, most developed countries of the world have seen an increase in the popularity of this new type of tourism. We’ll discuss how casinos impact travel as well as the overall economy of a country below.
• The global market for casino hotels is expanding as a result of the hospitality sector’s double-digit growth over the previous 10 years and rising visitor demand for upscale lodging.
• There are several reasons why the casino tourism sector is growing rapidly. The hotel and casino industries contribute significantly to the economic prosperity of a country. Wide-ranging employment options are also offered by this industry, including positions as gaming managers, supervisors, security guards, supervisors of slot machines, dealers, etc.
• The market for casino hotels benefits from the industry’s growing employment prospects. Qualified workers are needed in a lot of areas for casino hotels, such as the front desk, IT support, food and dining, entertainment, gardens, and other maintenance.
- The market for casino tourism has expanded dramatically in recent years. This has made it possible for investors in the industry to create lavish casino hotels in a variety of well-known locales. The casino hotel industry generates revenue from a variety of services and amenities, such as food and drink, dining, entertainment, rooms and lodging, casinos, and gambling. In terms of tourist desire, the number of casino hotels is quickly taking the lead in the lodging and hotel industries worldwide.
- The demand for casino hotels is expanding as a result of rising disposable wealth leading to changes in travel patterns in emerging economies. This is creating greater growth potential for the casino hotel industry. Furthermore, since people prefer to travel during the warmer months rather than the colder ones, the market share of the casino hotel industry usually rises in the spring and summer.
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:
On the basis of consumer orientation, the market is segmented into:
On the basis of age group, the market segmented into:
• 18-35 years
• 36-50 years
• 50 years and above
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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.
Key Market players
- 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
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