Tourism Market: By Place (Domestic and International), By Transportation (Airplane, Cruises, Road, and Rail), By Hospitality (Hotels, Camping, and Rented Accommodations), By End User (Traveler, Visitors, and others), and Geography 

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Tourism Market size was valued at USD 10.3 trillion in 2023 and is poised to grow at a 10.7% CAGR from 2024 to 2030. Globally, the tourism industry contributed to USD 8.1 trillion to the global GDP in 2021 equalling a contribution of 9.8%. However, Amid the worldwide Covid-19 pandemic, demand growth ceased in 2021. Travel and tourism have been one of the most affected industries from the very beginning of the outbreak of the virus, with airlines on the ground, hotels closing and travel controls enforced. In the first quarter of 2021, the pandemic limited international visitor arrivals to a fraction of what they were one year before. The financial forecast published in June by the International Air Transport Association (IATA) revealed that airlines are projected to lose $90.2 billion globally in 2020 with a net profit margin of -20.1 percent. It also reported that from USD 846 billion in 2019, upcoming years are the new boost to the tourism market especially to the tourism country, the emergence in the adventure tourism rock climbing, and kayaking are major adventure sports, such adventure sports are increasing and boost the industry for tourism market. Social media posting is a major role in increasing tourism, and growing market in the tour and travel businesses that drive the market. Changes in technology and innovation in the tourism market lead to the creation of new opportunities in the tourism market.  


Tourism Market Key Developments:
  • In November 2022, Atlas Air worldwide approved the proposed acquisition by investor group Apollo management together with, J.F Lehman & Company and Hill City Capital.
  • In December 2022, VINCI Purchased a 29.99% share in Mexican Airport operator OMA.

Tourism Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

10.7%

Largest Market

Asia Pacific

Fastest Growing Market

Europe
Tourism Market Dynamics

The increasing number of tours and travels across the world coupled with the new era of social media and destination travel enhanced the interest of people to explore new places in the world, mostly people preferring areas like coastal area, adventure sports and mountaineering and others as a best place to visit, during the covid-19 tourism market affected more which result loss in tourism industry, as it covid 19 over people are exploring visiting new places. the global tourism is fragmented with local and international key players, provide various offers and holiday packages to visit to places. Hence, this will drive the global market growth at a significant rate.

Tourism Market Segmentation

By Place
  • Domestic
  • International
ByTransportation
  • Airplane
  • Cruises
  • Road
  • Rail
By Hospitality
  • Hotels
  • Camping
  • Rented Accommodations
By End User
  • Traveller
  • Visitors
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

Tourism Market was valued at USD 10.3 trillion in 2023, growing at a 10.7% CAGR from 2024 to 2030.

The leading players in the Tourism Market are; Austin Adventures, Inc, Butterfield & Robinson Inc., G Adventures, Geographic Expeditions Inc., Intrepid Group, ltd., Mountain Travel Sobek, Discovery Nomads, Row Adventures, Accor group, Balken Holidays co. ltd, Fred Harvey Company, and Others

Historic years considered for the market study are 2019 through 2023, 2023 is considered as the base year for market estimation, and Seven year forecast is presented from 2024 – 2030.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019 to 2023), and forecast (2024 to 2030)
  • The report covers in-detail insights into the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
1.Executive Summary
2.Global Tourism Market Introduction 
2.1.Global Tourism Market  - Taxonomy
2.2.Global Tourism Market  - Definitions
2.2.1.Place
2.2.2.Transportation
2.2.3.Hospitality
2.2.4.End User
2.2.5.Region
3.Global Tourism Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Tourism Market Analysis, 2019-2023 and Forecast 2024-2030
4.1.  Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Tourism Market  By Place, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
5.1. Domestic
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. International
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Tourism Market  By Transportation, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
6.1. Airplane
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Cruises
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Road
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Rail
6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Tourism Market  By Hospitality, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
7.1. Hotels
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Camping
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Rented Accommodations
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Tourism Market  By End User, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
8.1. Traveler
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Visitors
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. others
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
9.Global Tourism Market  By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Tourism Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
10.1. Place Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Domestic
10.1.2.International
10.2.  Transportation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Airplane
10.2.2.Cruises
10.2.3.Road
10.2.4.Rail
10.3.  Hospitality Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Hotels
10.3.2.Camping
10.3.3.Rented Accommodations
10.4.  End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Traveler
10.4.2.Visitors
10.4.3.others
10.5.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Tourism Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
11.1. Place Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Domestic
11.1.2.International
11.2.  Transportation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Airplane
11.2.2.Cruises
11.2.3.Road
11.2.4.Rail
11.3.  Hospitality Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Hotels
11.3.2.Camping
11.3.3.Rented Accommodations
11.4.  End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Traveler
11.4.2.Visitors
11.4.3.others
11.5.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12.Asia Pacific (APAC) Tourism Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
12.1. Place Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Domestic
12.1.2.International
12.2.  Transportation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Airplane
12.2.2.Cruises
12.2.3.Road
12.2.4.Rail
12.3.  Hospitality Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Hotels
12.3.2.Camping
12.3.3.Rented Accommodations
12.4.  End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Traveler
12.4.2.Visitors
12.4.3.others
12.5.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Tourism Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
13.1. Place Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Domestic
13.1.2.International
13.2.  Transportation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Airplane
13.2.2.Cruises
13.2.3.Road
13.2.4.Rail
13.3.  Hospitality Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Hotels
13.3.2.Camping
13.3.3.Rented Accommodations
13.4.  End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Traveler
13.4.2.Visitors
13.4.3.others
13.5.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Tourism Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
14.1. Place Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Domestic
14.1.2.International
14.2.  Transportation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Airplane
14.2.2.Cruises
14.2.3.Road
14.2.4.Rail
14.3.  Hospitality Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Hotels
14.3.2.Camping
14.3.3.Rented Accommodations
14.4.  End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Traveler
14.4.2.Visitors
14.4.3.others
14.5.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Austin Adventures Inc.
15.2.2.Butterfield & Robinson Inc.
15.2.3.G Adventures
15.2.4.Geographic Expeditions Inc.
15.2.5.Intrepid Group ltd.
15.2.6.Mountain Travel Sobek
15.2.7.Row Adventures
15.2.8.Accor group
15.2.9.Balken Holidays co. ltd
15.2.10.Fred Harvey Company 
15.2.11.Others
16. Research Methodology 
17. Appendix and Abbreviations 
  • Austin Adventures Inc.
  • Butterfield & Robinson Inc.
  • G Adventures
  • Geographic Expeditions Inc.
  • Intrepid Group ltd.
  • Mountain Travel Sobek
  • Discovery Nomads
  • Row Adventures
  • Accor group
  • Balken Holidays co. ltd
  • Fred Harvey Company 
  • Others

Adjacent Markets