Travel & Tourism Global Industry Almanac 2019-2028


Summary

Global Travel & Tourism industry profile provides top-line qualitative and quantitative summary information including: Industry size (value , and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Industry.


Key Highlights

  • Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
  • Passenger airlines includes passenger air transportation, including scheduled flights but excludes air freight transport. Market value is defined as the total airline revenue generated from passenger traffic. It is calculated by multiplying the average revenue per passenger by the number of seats sold.
  • The passenger rail segment includes expenditures made by passengers for traveling by rail.
  • 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.
  • Hotels & motels covers 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. Market value represents 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 rentals.
  • Travel intermediation is a part of business that assists in selling travel products and services to customers. The products may include airline tickets, car rentals, hotels, railway tickets, and package holidays that may combine several products.
  • All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
  • The global travel & tourism Industry recorded revenues of $4,402.0 billion in 2023, representing a compound annual growth rate (CAGR) of 2.2% between 2018 and 2023.
  • The travel intermediaries segment accounted for the industry’s largest proportion in 2023, with total revenues of $1,328.0 billion, equivalent to 30.2% of the industry’s overall value.
  • Increasing capital investment in the travel & tourism industry is a key driver of growth, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in the US reached $237.2 billion in 2023, reflecting a 5.0% increase from the previous year.




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 2023?
  • What will be the size of the global travel & tourism Industry in 2028?
  • 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?