Global Travel and Tourism Market Summary and Forecast
Summary
Global Travel & Tourism industry profile provides top-line qualitative and quantitative summary information including: market share, 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 & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
- The global travel & tourism industry had total revenues of $3,169.1 billion in 2022, representing a negative compound annual growth rate (CAGR) of 2.4% between 2017 and 2022.
- The travel intermediaries segment accounted for the industry's largest proportion in 2022, with total revenues of $931.7 billion, equivalent to 29.4% of the industry's overall value.
- The growth of industry is attributed to rising leisure and business tourism, growth in the hotel and motel industry, an increasing number of global events attracting large visitors, boosting infrastructure development, easing mobility, and emerging adventure tourists. For instance, according to the International Trade Administration’s (ITA) National Travel and Tourism Office (NTTO), in July 2022, non-US resident international arrivals to the US reached 5.2 million, up 160.8% over July 2021.
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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 by both value and volume
- 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?
- Who are the top competitiors in the global's travel & tourism market?
- 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?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of leading players?
- 8 Company Profiles
- 8.1. Booking Holdings Inc
- 8.2. Marriott International Inc
- 8.3. Delta Air Lines Inc
- 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: $ million, 2017–22
- Table 2: Global travel & tourism industry category segmentation: % share, by value, 2017–2022
- Table 3: Global travel & tourism industry category segmentation: $ million, 2017-2022
- Table 4: Global travel & tourism industry geography segmentation: $ million, 2022
- Table 5: Global travel & tourism industry value forecast: $ million, 2022–27
- Table 6: Booking Holdings Inc: key facts
- Table 7: Booking Holdings Inc: Annual Financial Ratios
- Table 8: Booking Holdings Inc: Key Employees
- Table 9: Marriott International Inc: key facts
- Table 10: Marriott International Inc: Annual Financial Ratios
- Table 11: Marriott International Inc: Key Employees
- Table 12: Marriott International Inc: Key Employees Continued
- Table 13: Marriott International Inc: Key Employees Continued
- Table 14: Delta Air Lines Inc: key facts
- Table 15: Delta Air Lines Inc: Annual Financial Ratios
- Table 16: Delta Air Lines Inc: Key Employees
- Table 17: Delta Air Lines Inc: Key Employees Continued
- Table 18: Global exchange rate, 2018–22
- List of Figures
- Figure 1: Global travel & tourism industry value: $ million, 2017–22
- Figure 2: Global travel & tourism industry category segmentation: $ million, 2017-2022
- Figure 3: Global travel & tourism industry geography segmentation: % share, by value, 2022
- Figure 4: Global travel & tourism industry value forecast: $ million, 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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