- Domestic
- International
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.
Asia-Pacific got Significant Share of
Tourism Market Regional Analysis
Based on regions, the market share is divided into North America, Asia-Pacific, Europe, the Middle East, and the African region. The tourism market in the Asia Pacific is likely to hold a significant revenue share in 2022, and, in the following years, it is predicted to increase rapidly. It is attributed to the increasing number of mountaineering, adventure sports, camping, and destination visits, and the rapidly growing well-developed tourism infrastructure. The government enables awareness about the tours and travels and invites visitors to their country. Europe and Middle Eastern countries offer various tourism plans to customers, increasing the tourism market in this region, holding the major market share in the global tourism market, and is expected to dominate the market in the upcoming years due to global key players in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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
Tourism Market Segmentation
By Place
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.
| 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