Travel & Tourism - Chad | Statista Market Forecast

The projected revenue for the Travel & Tourism market in Chad is US$81.99m in 2024.
It is anticipated that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 2.79%, resulting in an estimated market volume of US$94.08m by 2029.
The largest market in this market is the Hotels, with a projected market volume of US$35.72m in 2024.
By 2029, the number of users in this market is expected to reach 703.10k users.
In 2024, the user penetration is 4.6% and is projected to increase to 5.1% by 2029.
The average revenue per user (ARPU) is expected to be US$95.20.
It is estimated that 69% of the total revenue in the Travel & Tourism market will be generated through online sales by 2029.
In comparison to other countries, United States is projected to generate the most revenue, with US$214bn in 2024.
Chad's tourism industry is largely undeveloped, but the country's rich cultural heritage and natural attractions present opportunities for growth.

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.)

The Travel & Tourism market in Chad is experiencing a notable shift in recent years, driven by various factors influencing consumer behavior and market dynamics.

Customer preferences: Travelers in Chad are increasingly seeking unique and authentic experiences, moving away from traditional mass tourism. This shift in preferences is driving demand for personalized and culturally immersive travel experiences. Additionally, there is a growing interest in eco-friendly and sustainable tourism practices, reflecting a global trend towards responsible travel.

Trends in the market: One prominent trend in the Chad travel market is the rise of domestic tourism. As the country invests in infrastructure development and promotes local attractions, more Chadians are exploring their own country for leisure and recreation. This trend is also supported by a growing middle class with disposable income to spend on travel experiences. Another trend shaping the travel market in Chad is the emergence of adventure tourism. With its diverse landscapes, including the Sahara Desert and national parks teeming with wildlife, Chad is attracting adventure seekers looking for off-the-beaten-path experiences. This trend presents opportunities for the development of adventure tour packages and specialized travel services.

Local special circumstances: Chad's unique cultural heritage and natural beauty make it a promising destination for intrepid travelers. The country's rich history, vibrant traditional festivals, and welcoming local communities contribute to its appeal as a niche tourism market. However, challenges such as limited infrastructure and political instability can impact the growth of the tourism sector.

Underlying macroeconomic factors: The development of the Travel & Tourism market in Chad is also influenced by macroeconomic factors such as government policies, investment in tourism infrastructure, and global economic conditions. Efforts to improve transportation networks, accommodation options, and tourism services are essential for attracting international visitors and supporting the growth of the sector. Additionally, economic stability, security measures, and marketing strategies play a crucial role in positioning Chad as a competitive player in the regional tourism market.

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.