Package Holidays - Algeria | Statista Market Forecast

By 2024, the Package Holidays market in Algeria is projected to reach a total revenue of US$461.70m.
The market is expected to show an annual growth rate of 5.61% between 2024 and 2029, resulting in a projected market volume of US$606.50m by 2029.
Furthermore, the number of users in this market is expected to reach 2.91m users by 2029, with a user penetration rate of 4.8% in 2024, which is expected to increase to 5.9% by 2029.
The average revenue per user (ARPU) is expected to be US$209.30.
It is projected that online sales will account for 82% of the total revenue in the Package Holidays market by 2029.
When compared globally, it is noted that China is expected to generate the most revenue in the Package Holidays market, with a total revenue of US$49bn in 2024.
Despite the challenges of political instability and security concerns, Algeria's package holiday market is seeing growth as the government promotes tourism.

Definition:

The Package Holidays market comprises of travel deals booked via online and offline travel agencies (e.g. Opodo, Expedia), directly from a tour operator (e.g. TUI) in a travel agency or by telephone. Package holidays normally contain travel and accommodation sold for one price, although optional further provisions can be included such as catering and tourist services.

Additional Information:

The main performance indicators of the Package Holidays 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. Users represent the aggregated number of travelers. Each user is only counted once per year.

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.

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

Contains travel and accommodation, further provisions can be included such as catering and tourist services

Non-packaged travel bookings

The Package Holidays market in Algeria is experiencing a notable growth trajectory.

Customer preferences: Algerian customers are increasingly drawn to the convenience and affordability of package holidays, which offer all-inclusive travel options and simplify the vacation planning process. This trend aligns with the global shift towards experiential travel and hassle-free booking experiences.

Trends in the market: In Algeria, there is a growing demand for package holidays that cater to diverse preferences, including family-friendly resorts, cultural tours, and adventure packages. Tour operators are expanding their offerings to meet these evolving needs, leading to a more competitive market with a wide range of options for travelers.

Local special circumstances: Algeria's unique blend of Mediterranean coastline, Sahara desert landscapes, and historical sites make it a compelling destination for package holidays. The country's rich cultural heritage and warm hospitality attract both domestic and international tourists, driving the growth of the package holidays market.

Underlying macroeconomic factors: The increasing disposable income among Algerian households is fueling the demand for leisure travel, including package holidays. As the economy stabilizes and consumer confidence grows, more individuals are willing to invest in travel experiences, contributing to the expansion of the package holidays market in Algeria.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and sales channels of package holidays.

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.

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