Global Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027
Summary
Global Travel & Tourism industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming market.
- The global travel and tourism industry had total revenues of $6,922.6 billion in 2022, representing a compound annual growth rate (CAGR) of 0.5% between 2017 and 2022.
- Food service was the industry's largest segment in 2022, with total revenues of $3,355.2 billion, equivalent to 48.5% of the industry's overall value.
- Global travel and tourism industry is growing significantly in recent years owing to increasing disposable income, rising leisure and business tourism, growth in sports tourism, increasing number of global events attracting large visitors, boosting infrastructure development easing mobility, and emerging adventure tourists.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the travel & tourism market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global travel & tourism market
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global travel & tourism market with five year forecasts
- What was the size of the Global travel & tourism market by value in 2022?
- What will be the size of the Global travel & tourism market in 2027?
- What factors are affecting the strength of competition in the Global travel & tourism market?
- How has the market performed over the last five years?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players in the foodservice industry?
- 7.2. What strategies do these leading players follow?
- 7.3. How is technology being used by these leading companies?
- 7.4. Who are the leading players in the hotels and motels industry?
- 7.5. What strategies do the leading players follow?
- 7.6. What are the strengths of leading players?
- 7.7. How is technology being used by these leading companies?
- 7.8. Are there any threats to these leading players?
- 7.9. What have been the most recent developments in the hotels and motels industry?
- 8 Company Profiles
- 8.1. Yum! Brands, Inc.
- 8.2. McDonald's Corp
- 8.3. Marriott International Inc
- 8.4. Restaurant Brands International Inc
- 8.5. Domino's Pizza, Inc.
- 8.6. Starbucks Corporation
- 8.7. Delta Air Lines Inc
- 8.8. InterContinental Hotels Group Plc
- 8.9. Deutsche Lufthansa AG
- 8.10. Choice Hotels International Inc
- 8.11. Shanghai Jin Jiang Capital Co Ltd
- 8.12. Wyndham Hotels & Resorts Inc
- 8.13. Hilton Worldwide Holdings Inc
- 8.14. American Airlines Group Inc.
- 8.15. Emirates Airline
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Global travel & tourism industry value: $ billion, 2017–22(e)
- Table 2: Global travel & tourism industry category segmentation: % share, by value, 2017–2022(e)
- Table 3: Global travel & tourism industry category segmentation: $ billion, 2017-2022
- Table 4: Global travel & tourism industry geography segmentation: $ billion, 2022(e)
- Table 5: Global travel & tourism industry value forecast: $ billion, 2022–27
- Table 6: Yum! Brands, Inc.: key facts
- Table 7: Yum! Brands, Inc.: Annual Financial Ratios
- Table 8: Yum! Brands, Inc.: Key Employees
- Table 9: Yum! Brands, Inc.: Key Employees Continued
- Table 10: McDonald's Corp: key facts
- Table 11: McDonald's Corp: Annual Financial Ratios
- Table 12: McDonald's Corp: Key Employees
- Table 13: McDonald's Corp: Key Employees Continued
- Table 14: McDonald's Corp: Key Employees Continued
- Table 15: Marriott International Inc: key facts
- Table 16: Marriott International Inc: Annual Financial Ratios
- Table 17: Marriott International Inc: Key Employees
- Table 18: Marriott International Inc: Key Employees Continued
- Table 19: Marriott International Inc: Key Employees Continued
- Table 20: Marriott International Inc: Key Employees Continued
- Table 21: Restaurant Brands International Inc: key facts
- Table 22: Restaurant Brands International Inc: Annual Financial Ratios
- Table 23: Restaurant Brands International Inc: Key Employees
- Table 24: Domino's Pizza, Inc.: key facts
- Table 25: Domino's Pizza, Inc.: Annual Financial Ratios
- Table 26: Domino's Pizza, Inc.: Key Employees
- Table 27: Domino's Pizza, Inc.: Key Employees Continued
- Table 28: Starbucks Corporation: key facts
- Table 29: Starbucks Corporation: Annual Financial Ratios
- Table 30: Starbucks Corporation: Key Employees
- Table 31: Starbucks Corporation: Key Employees Continued
- Table 32: Starbucks Corporation: Key Employees Continued
- Table 33: Delta Air Lines Inc: key facts
- Table 34: Delta Air Lines Inc: Annual Financial Ratios
- Table 35: Delta Air Lines Inc: Key Employees
- Table 36: Delta Air Lines Inc: Key Employees Continued
- Table 37: InterContinental Hotels Group Plc: key facts
- Table 38: InterContinental Hotels Group Plc: Annual Financial Ratios
- Table 39: InterContinental Hotels Group Plc: Key Employees
- Table 40: InterContinental Hotels Group Plc: Key Employees Continued
- Table 41: InterContinental Hotels Group Plc: Key Employees Continued
- Table 42: Deutsche Lufthansa AG: key facts
- Table 43: Deutsche Lufthansa AG: Annual Financial Ratios
- Table 44: Deutsche Lufthansa AG: Key Employees
- Table 45: Choice Hotels International Inc: key facts
- Table 46: Choice Hotels International Inc: Annual Financial Ratios
- Table 47: Choice Hotels International Inc: Key Employees
- Table 48: Choice Hotels International Inc: Key Employees Continued
- Table 49: Shanghai Jin Jiang Capital Co Ltd: key facts
- Table 50: Shanghai Jin Jiang Capital Co Ltd: Key Employees
- Table 51: Wyndham Hotels & Resorts Inc: key facts
- Table 52: Wyndham Hotels & Resorts Inc: Annual Financial Ratios
- Table 53: Wyndham Hotels & Resorts Inc: Key Employees
- Table 54: Hilton Worldwide Holdings Inc: key facts
- Table 55: Hilton Worldwide Holdings Inc: Annual Financial Ratios
- Table 56: Hilton Worldwide Holdings Inc: Key Employees
- Table 57: Hilton Worldwide Holdings Inc: Key Employees Continued
- Table 58: Hilton Worldwide Holdings Inc: Key Employees Continued
- Table 59: American Airlines Group Inc.: key facts
- Table 60: American Airlines Group Inc.: Annual Financial Ratios
- Table 61: American Airlines Group Inc.: Key Employees
- Table 62: American Airlines Group Inc.: Key Employees Continued
- Table 63: Emirates Airline: key facts
- Table 64: Emirates Airline: Key Employees
- Table 65: Global exchange rate, 2018–22
- List of Figures
- Figure 1: Global travel & tourism industry value: $ billion, 2017–22(e)
- Figure 2: Global travel & tourism industry category segmentation: $ billion, 2017-2022
- Figure 3: Global travel & tourism industry geography segmentation: % share, by value, 2022(e)
- Figure 4: Global travel & tourism industry value forecast: $ billion, 2022–27
- Figure 5: Forces driving competition in the global travel & tourism industry, 2022
- Figure 6: Drivers of buyer power in the global travel & tourism industry, 2022
- Figure 7: Drivers of supplier power in the global travel & tourism industry, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the global travel & tourism industry, 2022
- Figure 9: Factors influencing the threat of substitutes in the global travel & tourism industry, 2022
- Figure 10: Drivers of degree of rivalry in the global travel & tourism industry, 2022
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