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Title Switzerland Travel and Tourism Market Size, Share and Growth Report 2033
Category Business --> Transportation and Logistics
Meta Keywords switzerland travel and tourism market
Owner akshaykumar
Description

Market Overview

The Switzerland travel and tourism market size reached USD 29,691 Million in 2024. Looking ahead, the market is projected to reach USD 50,237 Million by 2033, growing at a CAGR of 5.40% during the forecast period of 2025-2033. Growth is primarily driven by Switzerland's natural beauty, scenic landscapes, enhanced visa-free travel policies, increasing medical and wellness tourism, and a rising emphasis on environmental sustainability.

Study Assumption Years

  • Base Year: 2024
  • Historical Year/Period: 2019-2024
  • Forecast Year/Period: 2025-2033

Switzerland Travel and Tourism Market Key Takeaways

  • Current Market Size (2024): USD 29,691 Million
  • CAGR (2025-2033): 5.40%
  • Forecast Period: 2025-2033
  • Switzerland is renowned for stunning alpine scenery and major attractions like Lake Geneva and Lake Lucerne, attracting tourists for skiing, hiking, and mountaineering.
  • The country hosts several international events including Montreux Jazz Festival and Locarno Film Festival, drawing global visitors.
  • Switzerland's central location and major airports in Zurich, Geneva, and Basel facilitate international travel and tourism.
  • The market benefits from improving visa-free travel policies, including expanded electronic visa systems and longer validity for multiple-entry visas.
  • Visitor arrivals in March 2024 were 710,711, up from 638,139 in the previous month, indicating rising tourism activity.

Sample Request Link: https://www.imarcgroup.com/Switzerland-Travel-Tourism-Market/requestsample

Market Growth Factors

Switzerland's travel and tourism industry serves visitors seeking Swiss Alps scenery and activities like skiing, hiking, and mountaineering, elements Switzerland is known for. Many tourists visit lakes around Lake Geneva and Lake Lucerne. Many tourists visit the Medieval castles also, the old churches, the well-preserved old town centers, and the cultural events, such as the Montreux Jazz Festival and the Locarno Film Festival, which attract visitors from around the world.

Visa-free travel policies are helpful too because Switzerland allows unrestricted travel between 26 other European countries. Switzerland belongs to the Schengen Zone. Implementing and expanding user-friendly electronic visa systems to reduce paperwork and wait times, with introducing longer-validity visas for business visitors and frequent international travelers can encourage visits. Following this, China extended its visa-free transit entry policy into Switzerland and other countries to 15 days in March 2024 for the purpose of helping to increase tourism from emerging markets.

The medical and wellness tourism industry is also a contributor to the market. The regulated healthcare system in Switzerland and wellness tourism market attract people who need health and recreational services. Coupled with the increasing demand for environmentally friendly tourism and the number of eco-conscious travelers, the above factors have collectively increased the importance of the Switzerland travel and tourism market.

Market Segmentation

Type Insights:

  • Domestic
  • Inbound
  • Outbound

The market segmentation includes domestic, inbound, and outbound travel types, providing detailed analysis and forecasts for each segment.

Service Offering Insights:

  • Ticket Reservation
  • Hotel Booking
  • Holiday/Tour Packages
  • Others

Service offerings encompass ticket reservation, hotel booking, holiday/tour packages, and other related services, detailing market share and trends.

Purpose of Visit Insights:

  • Business
  • Leisure and Recreation
  • Education
  • Medical
  • Social Activity
  • Others

This category breaks down visitor purposes such as business, leisure and recreation, education, medical, social activities, and other motivations.

Booking Type Insights:

  • Travel Companies
  • Travel Agencies
  • Online
  • Others

Booking channels are segmented into travel companies, travel agencies, online platforms, and other types, each analyzed for market dynamics.

Regional Insights:

  • Zurich
  • Espace Mittelland
  • Lake Geneva Region
  • Northwestern Switzerland
  • Eastern Switzerland
  • Central Switzerland
  • Ticino

The market covers major Swiss regions, providing granular data and forecasts for each geographical area.

Regional Insights

Zurich emerges as a dominant region within Switzerland's travel and tourism market. The country is characterized by multiple key regions including Espace Mittelland, Lake Geneva Region, Northwestern Switzerland, Eastern Switzerland, Central Switzerland, and Ticino. The report provides comprehensive segment-wise analysis and forecasts for these regions from 2025-2033, aiding stakeholders in understanding regional market dynamics with precision.

Recent Developments & News

  • On 14 June 2023, Radisson Hotel & Suites Zurich, the largest hotel in the greater Zurich region with 447 rooms and serviced apartments, opened to guests. Located in Opfikon's Glattpark district, the hotel offers convenient city center access for leisure visitors.
  • On 21 April 2023, Switzerland Tourism partnered with Trafalgar to create the first-ever Swisstainable travel itinerary that supports natural and social resources while aligning with Trafalgar's net zero commitment. The partnership introduces sustainable products across Trafalgar's Switzerland programs, including an eight-day journey visiting Zurich, St Moritz, Zermatt, Geneva, and Lucerne with eco-friendly accommodations and transportation.

Key Players

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Customization Note

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

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Email: sales@imarcgroup.com,

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