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Cannabis Festivals and Events Generating Seasonal Travel Demand
Cannabis Festivals and Events Generating Seasonal Travel Demand

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timea day ago

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Cannabis Festivals and Events Generating Seasonal Travel Demand

Cannabis tourism is a rapidly growing niche, driven by legalization in key destinations. Opportunities include cannabis-infused wellness retreats, specialized tours, luxury experiences, and cannabis-friendly accommodations. As acceptance grows, hotels and travel sectors are adapting to cater to this evolving demand. Cannabis Tourism Market Dublin, July 22, 2025 (GLOBE NEWSWIRE) -- The "Cannabis Tourism - Global Strategic Business Report" report has been added to global market for Cannabis Tourism was estimated at US$12.2 Billion in 2024 and is projected to reach US$25.7 Billion by 2030, growing at a CAGR of 13.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Cannabis Tourism market. Cannabis tourism is emerging as a lucrative niche in the travel industry, driven by the legalization of recreational marijuana in key destinations worldwide. Countries and states that have legalized cannabis are attracting visitors eager to explore dispensaries, cannabis lounges, and guided tours centered around cultivation and consumption experiences. This sector is particularly appealing to travelers seeking wellness retreats, cannabis-infused spa treatments, and gourmet dining experiences featuring cannabis-infused cuisine. The growth of the cannabis tourism industry reflects a broader cultural shift in which marijuana consumption is increasingly accepted as part of lifestyle and Are Hospitality and Travel Sectors Adapting to the Cannabis Tourism Boom?The rise of cannabis tourism has prompted significant adaptation within the hospitality and travel sectors. Hotels and resorts in cannabis-friendly regions are introducing designated consumption areas and cannabis-friendly accommodations to cater to tourists. Travel agencies and tour operators are curating specialized cannabis experiences, including dispensary tours, grow facility visits, and workshops on cannabis cultivation and product creation. Additionally, cannabis-friendly Airbnb listings and private rentals are gaining popularity as travelers seek accommodations that allow consumption. Some luxury brands are even offering high-end experiences, such as cannabis pairing dinners and VIP cannabis club access, further elevating the Destinations Are Leading the Cannabis Tourism Market?The cannabis tourism market is thriving in regions with well-established recreational cannabis laws, such as Canada, the Netherlands, and select U.S. states like California, Colorado, and Nevada. Amsterdam has long been a hub for cannabis tourism, attracting international visitors to its famous coffee shops. In North America, states like Oregon and Washington have built robust cannabis tourism industries, offering farm-to-table cannabis experiences and cannabis-friendly social spaces. Beyond North America and Europe, emerging markets like Thailand and Uruguay are positioning themselves as global cannabis tourism hotspots, leveraging their progressive policies to attract international Are the Key Drivers Behind the Growth of the Cannabis Tourism Market?The growth in the cannabis tourism market is driven by several factors, including increasing legalization, evolving consumer attitudes toward cannabis, and the rise of experiential travel. As more governments legalize recreational cannabis, new destinations are emerging as cannabis-friendly hotspots. The growing interest in wellness tourism has also fueled demand for cannabis-infused spa treatments, yoga retreats, and alternative medicine experiences. Additionally, the rise of social consumption lounges and cannabis cafes is providing travelers with legal, controlled spaces to consume cannabis, enhancing the overall tourism experience. With global interest in cannabis continuing to rise, cannabis tourism is expected to become a key driver of revenue for travel and hospitality industries in legal markets. Key Insights: Market Growth: Understand the significant growth trajectory of the 25 - 44 Age Group segment, which is expected to reach US$13.3 Billion by 2030 with a CAGR of a 14.9%. The 18 - 24 Age Group segment is also set to grow at 12.2% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, estimated at $3.2 Billion in 2024, and China, forecasted to grow at an impressive 12.3% CAGR to reach $4.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as Cannabis Tours, Cannabis Wedding Expo, CannaBus Culture Film Fest, CannaVenture, Colorado Cannabis Tours and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Key Attributes: Report Attribute Details No. of Pages 134 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $12.2 Billion Forecasted Market Value (USD) by 2030 $25.7 Billion Compound Annual Growth Rate 13.2% Regions Covered Global Key Topics Covered: MARKET OVERVIEW Influencer Market Insights Tariff Impact on Global Supply Chain Patterns Cannabis Tourism - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Legalization of Recreational Cannabis Driving Destination Appeal Rising Popularity of Cannabis Wellness Retreats and Spas Boosting Niche Tourism Growth of Cannabis Culinary Tourism Creating Experiential Travel Opportunities Cannabis Festivals and Events Generating Seasonal Travel Demand Partnerships Between Dispensaries and Hospitality Providers Expanding Offerings Development of Cannabis-Friendly Accommodations Enhancing Guest Experience Influence of Social Media on Cannabis Travel Trends and Destination Marketing Cannabis Tours and Farm Visits Creating Agri-Tourism Opportunities Integration of Cannabis Experiences Into Luxury Travel Packages Demand for Educational Travel Around Cannabis History and Culture Regional Branding and Terroir Concepts Enhancing Tourism Appeal Cross-Border Tourism to Legal Regions Creating International Demand Cannabis as a Complement to Adventure and Outdoor Tourism Growth of Boutique Cannabis Travel Agencies Offering Curated Experiences Regulated On-Site Consumption Lounges Supporting Local Tourism Infrastructure FOCUS ON SELECT PLAYERS |Some of the 32 companies featured in this Cannabis Tourism market report Cannabis Tours Cannabis Wedding Expo CannaBus Culture Film Fest CannaVenture Colorado Cannabis Tours Denver Marijuana Tours Emerald Farm Tours Ganja Goddess Getaway Green Tours Humboldt Cannabis Tours Kush Tourism Las Vegas Cannabis Tours My 420 Tours Oakland Cannabis Creative Portland Cannabis Tours San Francisco Cannabis Tours Seattle Cannabis Tours The High Expedition The Travel Joint Yogi D For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Cannabis Tourism Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Travelzoo (TZOO) Q2 2025 Earnings Call Highlights: Revenue Growth Amidst Rising Member ...
Travelzoo (TZOO) Q2 2025 Earnings Call Highlights: Revenue Growth Amidst Rising Member ...

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time6 days ago

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Travelzoo (TZOO) Q2 2025 Earnings Call Highlights: Revenue Growth Amidst Rising Member ...

Revenue: $23.9 million, up 13% from the prior year; $23.5 million in constant currencies, up 12%. Operating Profit: $2.1 million, 9% of revenue, down from $44 million in the prior year. Member Acquisition Cost: $38 in Q2, up from $28 in Q1. Membership Fee Revenue: Increased to $3 million. Advertising and Commerce Revenue: $20.9 million for Q2 2025. GAAP Operating Margin: 9% in Q2 2025. Non-GAAP Operating Profit: $2.4 million, 10% of revenue, compared to $4.8 million in the prior year period. Cash Equivalents and Restricted Cash: $11.2 million as of June 30, 2025. Cash Flow from Operations: $1.3 million. Jack's Flight Club Revenue: Increased by 33% year over year. Premium Subscribers for Jack's Flight Club: Increased by 15%. Warning! GuruFocus has detected 2 Warning Sign with TZOO. Release Date: July 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Travelzoo (NASDAQ:TZOO) reported a 13% increase in consolidated Q2 revenue compared to the prior year. The company achieved a favorable payback on the acquisition of new club members, with immediate revenue generation from membership fees. Jack's Flight Club segment saw a 33% increase in revenue, driven by growth in premium subscribers. Travelzoo (NASDAQ:TZOO) plans to continue leveraging its global reach and strong relationships with travel suppliers to offer exclusive club offers. The company expects revenue growth to accelerate in future quarters as membership fee revenue is recognized over the subscription period. Negative Points Operating profit decreased due to increased investment in member growth, impacting EPS negatively. Higher member acquisition expenses led to a reduction in EPS by $0.13 for the quarter. Operating profit decreased in both North America and Europe segments, despite an increase in Jack's Flight Club. GAAP operating margin was reduced to 9% due to the impact of acquiring more club members. The travel industry is experiencing weaker demand, particularly in hotels, which may affect future opportunities. Q & A Highlights Q: Can you explain the dynamics of profitability going forward, especially regarding the $0.13 loss in Q2? A: (Holger Bartel, CEO) The $0.13 loss in Q2 was due to marketing expenses for acquiring new members. However, in future quarters, we will continue to generate revenue from these members without incurring additional acquisition costs. This ongoing revenue from previously acquired members will drive profitability in the coming quarters and more significantly next year. Q: What is the expected frequency of club offers? A: (Holger Bartel, CEO) We release several club offers per week, usually a few dozen. Press releases highlight examples of these offers, but not every offer is announced via press release. Q: Can you address the increase in cost of revenues this quarter? A: (Holger Bartel, CEO) We had opportunities to purchase distressed inventory at discounted prices, which allowed us to create strong club offers. These expenses are classified under cost of revenue and are crucial for attracting new members and converting legacy members. Q: Should we expect continued investment in marketing and member acquisition in the second half of the year? A: (Holger Bartel, CEO) Yes, as long as the payback remains favorable. We will continue to invest in member acquisition as long as the cost remains below $40. The market conditions will dictate the extent of our investment. Q: Are there plans for a premium subscription level in the future? A: (Holger Bartel, CEO) Currently, we are not looking at a premium subscription level. We aim to keep things simple with one tier. However, we recognize that our membership fee might be too low and will evaluate potential increases for 2026. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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