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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Tourism Market Size
The global tourism market value reached around USD 9.24 trillion in 2023. The market is projected to grow at a CAGR of 4.7% between 2024 and 2032, reaching almost USD 13.96 trillion by 2032.
| Global Tourism Market Report Summary | Description | Value |
| Base Year | USD Trillion | 2023 |
| Historical Period | USD Trillion | 2018-2023 |
| Forecast Period | USD Trillion | 2024-2032 |
| Market Size 2023 | USD Trillion | 9.24 |
| Market Size 2032 | USD Trillion | 13.96 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.7% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 6.1% |
| CAGR 2024-2032 - Market by Country | India | 7.0% |
| CAGR 2024-2032 - Market by Country | Brazil | 5.1% |
| CAGR 2024-2032 - Market by Tourism Type | International Tourism | 5.2% |
| CAGR 2024-2032 - Market by Travel Purpose | Leisure Spending | 5.3% |
| Market Share by Country 2023 | Germany | 5.2% |
Global Tourism Market Outlook
- According to the Australian Bureau of Statistics, Australia saw 1,704,730 tourist arrivals, a yearly increase of 444,180.
- UK Music reports that in 2022, music tourism grew to 14.4 million, thus, increasing demand for fireworks at events.
- The U.S. Bureau of Economic Analysis reports a 21% growth in the tourism and travel industry in the US in 2022.
Tourism Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at nearly USD 9.24 trillion in 2023.
The market is estimated to grow at a CAGR of 4.7% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 13.96 trillion in 2032.
The market is categorised according to the tourism type, which includes domestic tourism and international tourism.
Based on the travel days, the market is divided into less than 7 days, between 7 – 15 days and more than 15 days.
Based on the travel purpose, the market is divided into business spending, leisure spending and others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market key players are TUI AG, Booking Holdings Inc., Expedia Group Inc., Despegar.com, Corp., Contiki, Butterfield & Robinson Inc., Geographic Expeditions Inc., ROW Adventures, MT Sobek’s, and G Adventures Inc., among others.
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