Travel & Tourism - Algeria | Statista Market Forecast

in Algeria, a country located in North Africa, is projected to experience a significant growth rate in the Travel & Tourism market.
In 2024, revenue in this market is projected to reach US$1.29bn.
Moreover, the revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.89%, which will result in a projected market volume of US$1.72bn by 2029.
The largest market in the Travel & Tourism market in Algeria is the Hotels market, with a projected market volume of US$608.30m in 2024.
The number of users in the Hotels market is expected to amount to 7.18m users by 2029.
Furthermore, the user penetration rate is expected to increase from 18.8% in 2024 to 23.8% by 2029.
The average revenue per user (ARPU) is projected to amount to US$148.10.
In Algeria's Travel & Tourism market, it is expected that 85% of total revenue will be generated through online sales by 2029.
Moreover, when compared globally, United States is projected to generate the most revenue in this market, with US$214bn in 2024.
Algeria's Travel & Tourism market is seeing growth potential due to the country's diverse landscapes, unique cultural heritage, and improved infrastructure.

Definition:

The Travel & Tourism market encompasses a diverse range of accommodation services catering to the needs and preferences of travelers. This dynamic market includes package holidays, hotel accommodations, private vacation rentals, camping experiences, and cruises.

Structure:

The market consists of five further markets.

The Cruises market covers multi-day vacation trips on a cruise ship. The Cruises market encompasses exclusively passenger ticket revenues.
The Vacation Rentals market comprises of private accommodation bookings which includes private holiday homes and houses as well as short-term rental of private rooms or flats.
The Hotels market includes stays in hotels and professionally run guest houses.
The Package Holidays market comprises of travel deals that normally contain travel and accommodation sold for one price, although optional further provisions can be included such as catering and tourist services.
The Camping market includes bookings at camping sites for pitches using tents, campervans, or trailers. These can be associated with big chains or privately managed campsites.

Additional Information:

The main performance indicators of the Travel & Tourism market are revenues, average revenue per user (ARPU), users and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. Users represent the aggregated number of guests. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. The scope includes domestic and outbound travel.

Prominent players in this sector include online travel agencies (OTAs) like Expedia and Opodo, as well as tour operators such as TUI. Specialized platforms like Hotels.com, Booking.com, and Airbnb facilitate the online booking of hotels and private accommodations, contributing significantly to the market's vibrancy.

For further information on the data displayed, refer to the info button right next to each box.

Bookings directly via the website of the service provider, travel agencies, online travel agencies (OTAs) or telephone

Business trips
Other forms of trips (e.g. excursions, etc.)

Algeria, known for its rich history, diverse landscapes, and vibrant culture, has seen a notable development in its Travel & Tourism market in recent years.

Customer preferences: Travelers in Algeria are increasingly seeking unique and authentic experiences, moving away from traditional tourist hotspots to explore off-the-beaten-path destinations within the country. There is a growing interest in cultural exchanges, ecotourism, and adventure travel, reflecting a global trend towards more immersive and sustainable tourism experiences.

Trends in the market: One of the key trends shaping the Travel & Tourism market in Algeria is the government's efforts to promote the sector as a driver of economic growth. Initiatives to improve infrastructure, enhance security measures, and streamline visa processes have helped attract more international visitors to the country. Additionally, the rise of digital platforms and online booking services has made travel more accessible to Algerians, leading to a surge in domestic tourism.

Local special circumstances: Algeria's unique blend of Mediterranean coastline, Saharan desert, and bustling urban centers offers a diverse range of attractions for travelers. The country's rich cultural heritage, including ancient ruins, traditional markets, and vibrant festivals, provides a compelling draw for tourists looking to explore North Africa. Moreover, Algeria's warm hospitality and welcoming locals contribute to its appeal as a tourist destination.

Underlying macroeconomic factors: The Travel & Tourism market in Algeria is also influenced by broader macroeconomic factors, such as government policies, exchange rates, and global economic conditions. Fluctuations in oil prices, for instance, can impact the country's tourism industry, as they affect government spending and consumer confidence. Moreover, geopolitical stability and regional cooperation play a crucial role in attracting foreign investment and promoting tourism in Algeria.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and sales channels of hotels, vacation rentals, cruises, package holidays, and camping.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, the Global Consumer Survey, third-party studies and reports, data from industry associations (e.g., UNWTO), and price data of major players in respective markets. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as country-related GDP, demographic data (e.g., population), tourism spending, consumer spending, internet penetration, and device penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, and exponential trend smoothing methods are applied. A k-means cluster analysis allows for the estimation of similar countries. The main drivers are tourism GDP per capita and respective price indices.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

Business or corporate travel is the tourism segment that focuses on people who travel for work or professional purposes and the related tourism services. This branch also includes the meetings industry, which refers to business events, conferences, congresses, trade fairs, and exhibitions. According to the World Travel and Tourism Council (WTTC), business travel accounted for 20 percent of the global tourism expenditure in 2021. In that year, it was estimated that business travelers spent more than 740 billion U.S. dollars worldwide, with Chinese tourists topping the ranking of the biggest business travel spenders.