Global Travel & Tourism industry profile provides top-line qualitative and quantitative summary information including: Industry size (value , and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Industry.
Key Highlights
The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
The passenger airlines segment includes expenditures made by passengers for traveling by flight for both inbound and domestic trips.
The passenger rail segment includes expenditures made by passengers for traveling by rail.
The hotels & and motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry value consists of the total revenue generated by (a) rent that a guest pays for an occupied room and (b) other revenues, including revenue from food and beverages, telecommunications, health and leisure operations, and car rent.
Foodservice is total direct spending exclusively on food and beverages from food service outlets by inbound, domestic, and outbound tourists within a single economy. Foodservice outlets include full-service restaurants, cafes/bars, fast food, street stalls/kiosks, self-service cafeterias, and 100% home delivery takeaway.
Travel intermediaries are the total direct spending via travel intermediaries by inbound, domestic, and outbound tourists within a single economy so, this data point includes only the revenue (i.e., commission only) of the intermediaries, not the total market value generated by the travel intermediaries.
The casinos & gaming market values are stated in terms of gross gambling yield (GGY). It is the amount of money retained by the casino and gaming operators after winnings amounts have been paid and before operating costs are deducted.
All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
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.
Scope
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global travel & tourism Industry
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global travel & tourism Industry
Leading company profiles reveal details of key travel & tourism Industry players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the global travel & tourism Industry with five year forecasts
Reasons to Buy
What was the size of the global travel & tourism Industry by value in 2022?
What will be the size of the global travel & tourism Industry in 2027?
What factors are affecting the strength of competition in the global travel & tourism Industry?
How has the Industry performed over the last five years?
What are the main segments that make up the global travel & tourism Industry?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Competitive landscape
2 Introduction
2.1. What is this report about?
2.2. Who is the target reader?
2.3. How to use this report
2.4. Definitions
3 Global Travel & Tourism
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
5 Travel & Tourism in Asia-Pacific
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 Travel & Tourism in Europe
6.1. Market Overview
6.2. Market Data
6.3. Market Segmentation
6.4. Market outlook
6.5. Five forces analysis
7 Macroeconomic Indicators
7.1. Country data
8 Travel & Tourism in France
8.1. Market Overview
8.2. Market Data
8.3. Market Segmentation
8.4. Market outlook
8.5. Five forces analysis
9 Macroeconomic Indicators
9.1. Country data
10 Travel & Tourism in Germany
10.1. Market Overview
10.2. Market Data
10.3. Market Segmentation
10.4. Market outlook
10.5. Five forces analysis
11 Macroeconomic Indicators
11.1. Country data
12 Travel & Tourism in Italy
12.1. Market Overview
12.2. Market Data
12.3. Market Segmentation
12.4. Market outlook
12.5. Five forces analysis
13 Macroeconomic Indicators
13.1. Country data
14 Travel & Tourism in Japan
14.1. Market Overview
14.2. Market Data
14.3. Market Segmentation
14.4. Market outlook
14.5. Five forces analysis
15 Macroeconomic Indicators
15.1. Country data
16 Travel & Tourism in Australia
16.1. Market Overview
16.2. Market Data
16.3. Market Segmentation
16.4. Market outlook
16.5. Five forces analysis
17 Macroeconomic Indicators
17.1. Country data
18 Travel & Tourism in Canada
18.1. Market Overview
18.2. Market Data
18.3. Market Segmentation
18.4. Market outlook
18.5. Five forces analysis
19 Macroeconomic Indicators
19.1. Country data
20 Travel & Tourism in China
20.1. Market Overview
20.2. Market Data
20.3. Market Segmentation
20.4. Market outlook
20.5. Five forces analysis
21 Macroeconomic Indicators
21.1. Country data
22 Travel & Tourism in The Netherlands
22.1. Market Overview
22.2. Market Data
22.3. Market Segmentation
22.4. Market outlook
22.5. Five forces analysis
23 Macroeconomic Indicators
23.1. Country data
24 Travel & Tourism in Spain
24.1. Market Overview
24.2. Market Data
24.3. Market Segmentation
24.4. Market outlook
24.5. Five forces analysis
25 Macroeconomic Indicators
25.1. Country data
26 Travel & Tourism in The United Kingdom
26.1. Market Overview
26.2. Market Data
26.3. Market Segmentation
26.4. Market outlook
26.5. Five forces analysis
27 Macroeconomic Indicators
27.1. Country data
28 Travel & Tourism in The United States
28.1. Market Overview
28.2. Market Data
28.3. Market Segmentation
28.4. Market outlook
28.5. Five forces analysis
29 Macroeconomic Indicators
29.1. Country data
30 Company Profiles
31 Appendix
31.1. Methodology
31.2. 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: Global size of population (million), 2018–22
Table 7: Global gdp (constant 2005 prices, $ billion), 2018–22
Table 8: Global gdp (current prices, $ billion), 2018–22
Table 9: Global inflation, 2018–22
Table 10: Global consumer price index (absolute), 2018–22