Event Tourism Market expansion in the near future at a CAGR of 4.60% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Event Tourism Market” that contains information from 2018 to 2032. The Event Tourism market is estimated to register a CAGR of 4.60% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Event Tourism market— Live Nation Worldwide Inc., Bcd Meetings & Events, Cvent, Pollstar, Atpi Ltd, Riviera Events, Stubhub, Access Destination Services, Entertaining Asia, Anschutz Entertainment Group

Event Tourism Market Highlights

The global Event Tourism market is accounted to register a CAGR of 4.60% during the forecast period and is estimated to reach USD 2421.54 billion by 2032.

Nowadays, travelers are in search of more than simply a new place to visit. Someone asks for significance and one-of-a-kind experiences that immerse them into the local society and way of life. Festivals, art exhibitions, religious celebrations, along cultural gatherings all provide the same sort of immersive experience. Travelers want to establish experiences and relationships with each location they visit. Attending events allows them to immerse themselves in the local culture and traditions, resulting in an enhanced and memorable experience.

Segment Analysis

The global event tourism market has been segmented based on type, channel, revenue source, and age group.

On the basis of type, the market is segmented into Exhibitions and Conferences, Festivals, Corporate Events, Music Concert, Sports, and Others. The sports segment was attributed to holding the largest market share in 2022. Sports, regardless of age, gender, or nationality, have a worldwide appeal and draw a diverse spectrum of supporters in emerging nations. Large-scale sporting events can bring in a substantial amount of revenue for the host city.

Based on channel, the global event tourism market has been segmented into Virtual Channel, and Physical Channel. The physical channel segment was expected to hold the largest market share in 2022. Events held in person provide an immersion and involvement level that is not possible to duplicate online. In-person connections and networking are made possible through physical events, and these are crucial components of many social and professional gatherings. Organising live events may be an effective way to promote products and businesses.

Based on revenue source, the global event tourism market has been segmented into On-line registration, Off-line registration, Sponsorship, Others. The on-line registration segment was expected to hold the largest market share in 2022. The websites that event planners create especially for their events have online registration forms on them. Participants can access these websites for details on agendas, registration requirements, and event specifics.

Based on age group, the global event tourism market has been segmented into Below 18 Years,18-50 Years, Above 50 Years. The 18-50 years segment was expected to hold the largest market share in 2022. The increasing use of social media, The average disposable income of those between the ages of 18 and 50 is typically greater than that of other age groups.

Regional Analysis

The global Event Tourism market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Event Tourism market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Event Tourism market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Event Tourism market comprises of Middle East, Africa, and Latin America.

The largest market share for Event Tourism was maintained by the North American regional sector. North America's economy is strong, with high disposable income and a growing middle class. It enables consumers to devote greater sums to leisure activities such as event tourism. People in North America can easily travel between events due to an established infrastructure and transportation network. From massive amounts of competitions to small-scale celebrations of culture, North America hosts an assortment of events.

Moreover, the Europe market has been persistently growing over the forecast period. Europe has a strong economy, high disposable incomes, and a growing middle class. It enables people to spend more money on leisure activities like event tourism. Europe has a well-developed transport and infrastructure network, making it simple for people to travel to and from events.

Additionally, governments in the Asia-Pacific region provide financial incentives to event organizers, including exemptions from taxes or grants. It can help decrease the expenses of organizing them while also making them more readily available to attendees. Governments in the Asia-Pacific region also assist in marketing and promoting event tourism destinations and events. It can involve collaborating with travel companies, travel representatives, and various other tourism industry participants. The government in the Asia-Pacific area is additionally investing in building infrastructure, such as transportation and lodging, to make it easier for people to travel around and attend events. The Asia Pacific market will benefit from a growing emphasis on environmentally friendly energy sources.

Furthermore, the rest of the world's Event Tourism market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of sport event, festivals, and music concerts. Government support, a rise in investor interest, and the viability of the events in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global Event Tourism market is expected to reach USD 2421.54 billion by 2032, at a CAGR of 4.60% during the forecast period.


• The North America region accounted for the fastest-growing global market due to the well-developed transportation and infrastructure network, making it easy for people to travel to and from events.


• The on-line registration segment was expected to hold the largest market share in 2022.


• Live Nation Worldwide Inc., Bcd Meetings & Events, Cvent, Pollstar, Atpi Ltd, Riviera Events, Stubhub, Access Destination Services, Entertaining Asia, Anschutz Entertainment Group