The Pakistan tourism and hotel market size was valued at USD 18 Billion in 2020 and is projected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to diversity of culture in the country.
Tourism refers to travelling to various locations for leisure, business, or personal purposes. It is the one of the most profitable and entrepreneurial business, especially for people living in the mountain areas. The industry creates new job opportunities and reduces the unemployment level. Tourism is an important component of Pakistan's economy.
The country is geographically and ethnically diverse, and has a number of historical and cultural heritage sites. Pakistan is known for its mountains, lush fields, deserts, rivers, lakes, and seashores, which makes it an enticing destination for the tourists. Overall, 60,070 foreigners have visited tourist attractions in the country during the past six years, especially to the enthralling places located in the northern parts of the country.
The report on the Pakistan Tourism and hotel market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Types of Tourism (Inbound Tourism and Outbound Tourism), Types of Hotels (Economy & Budget Hotels, Mid-scale Hotels, Upper-scale Hotels, Premium & Luxury Hotels, and Others) |
Regional Scope | Pakistan |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Pakistan Tours Limited, Cox & Kings Pakistan (Pvt) Ltd, ClickPakistan, Karachi Marriott Hotel, Avari Towers Karachi, and Islamabad Serena Hotel. |
On the basis of types of tourism, the market is bifurcated into inbound tourism and outbound tourism. The outbound tourism segment is expected to constitute a 948 USD Million in international tourism during the forecast period. The Government of Pakistan has eased the country's visa policy, which is a key factor attracting a large number of foreign tourists. Moreover, the policies of the government state bodies to promote domestic and international tourism is driving the segment growth.
In terms of types of hotels, the market is segmented into economy & budget hotels, mid-scale hotels, upper-scale hotels, premium & luxury hotels, and others. The mid-scale hotels segment is expected to expand at a rapid pace during the forecast period. Rapid development of mid-scale hotel properties is driving the growth of the market segment. The ability of mid-scale hotels to facilitate enhanced services at lower prices is expected to spur the market expansion.
The Pakistan tourism and hotel market has been segmented on the basis of
Types of Tourisms
Types of Hotels
Country
Pakistan
Key Players
Key players competing in the Pakistan tourism and hotel market include Pakistan Tours Limited, Cox & Kings Pakistan (Pvt) Ltd, ClickPakistan, Karachi Marriott Hotel, Avari Towers Karachi, and Islamabad Serena Hotel.
Companies are engaging in partnerships, acquisitions, and collaborations to expand their market share.
The Pakistan tourism and hotel market has been segmented on the basis of
Types of Tourisms
Types of Hotels
Country
Pakistan
Key Players
Key players competing in the Pakistan tourism and hotel market include Pakistan Tours Limited, Cox & Kings Pakistan (Pvt) Ltd, ClickPakistan, Karachi Marriott Hotel, Avari Towers Karachi, and Islamabad Serena Hotel.
Companies are engaging in partnerships, acquisitions, and collaborations to expand their market share.
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