Industry transition including shift towards digital platforms and health and wellness integration, are transforming the supply chain of Silver Tourism market. Seniors aged 60 and above – known as tourists – are increasingly adopting technology in unprecedented ways nowadays. The rise in smartphone usage and digital devices among this age group has surged significantly leading to a shift, in the industry landscape. Travel and tourism companies catering to this demographic have had to adjust by providing online booking platforms, virtual tours and digital advertising strategies customized to cater to the preferences and requirements of travelers. The rise of technology has changed the market landscape. Is set to influence the trajectory of Silver Tourism moving forward.
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Research Study addresses the market dynamics including opportunities, competition analysis, industry insights for Age (65-74, 75 and above), Income Level (Low, Medium, High) and Travel Type (Solo, Group).
Industry Leadership and Strategies
Companies such as TUI Group, Thomas Cook Group, Jet2 Holidays, Cox & Kings Ltd, Lindblad Expeditions, Travcoa, Scott Dunn, Abercrombie & Kent Ltd, Micato Safaris, Tauck, Al Tayyar and copyright Travels are well placed in the market. Below table summarize the strategies employed by these players within the eco-system.
Application Area | Leading Providers | Provider Strategies |
Travel and Accommodation | Thomas Cook, TUI | Offering tailor-made travel and accommodation packages for senior citizens, providing special offers and discounts for silver tourists, enhancing access and ease in booking services |
Health and Wellness Tourism | Healing Hotels of the World, Rancho La Puerta | Focusing on wellness retreats through yoga, meditation, spa, and healthy dining experiences targeting aging consumers, including healthcare services specifically aimed at the needs of senior travellers |
Cruise Tourism | Carnival Cruise Line, Royal Caribbean | Providing senior-friendly cruise options, taking into account special needs of older tourists, including medical facilities, and adult-only itineraries |
Evolving & Shifting Regional Markets
Europe and North America are the two most active and leading regions in the market. With different regional dynamics and industry challenges like high cost of services and limited technological literacy; market supply chain from destination selection & planning to post-travel services & feedback collection is expected to evolve & expand further, especially within emerging markets
The market in emerging countries is expected to expand substantially between 2025 and 2030, supported by market drivers such as increased global ageing population, rise in disposable income, and advancements in health and mobility solutions.
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