The Latest Global Tourism Industry Statistics Explained
In 2018, travel and tourism accounted directly for 2.9 trillion U.S. dollars in GDP globally.
The statistic states that in the year 2018, the travel and tourism industry globally contributed directly to a total of 2.9 trillion U.S. dollars in gross domestic product (GDP). This means that the economic value generated by activities related to travel and tourism, such as transportation, accommodation, recreation, and entertainment, amounted to a substantial portion of the world’s GDP. The significance of this statistic lies in the industry’s ability to create jobs, stimulate economic growth, and drive related industries such as hospitality, retail, and transportation. It highlights the importance of the travel and tourism sector as a major economic driver on a global scale.
In 2019, Travel and tourism contributed 10.4% of global GDP.
The statistic that “In 2019, Travel and tourism contributed 10.4% of global GDP” signifies the significant economic impact of the travel and tourism industry on the global economy. This figure reflects the total value added by activities such as accommodation, transportation, recreation, and tourist services across the world. A high contribution percentage indicates that this sector plays a substantial role in driving economic growth and creating employment opportunities. The data highlights the interconnectedness of economies and underlines the importance of the travel and tourism industry as a key player in the global economic landscape, influencing international trade, investment, and overall prosperity.
There were 1.5 billion international tourist arrivals in 2019.
The statistic that there were 1.5 billion international tourist arrivals in 2019 indicates the total number of individuals who traveled across international borders for tourism purposes during that year. This figure reflects the significant global movement of people seeking leisure, cultural experiences, and business opportunities across various countries and regions. It suggests a thriving tourism industry with substantial economic implications for both host countries and the tourism sector at large. The high number of international tourist arrivals highlights the interconnectedness of nations and the impact of globalization on travel and leisure activities worldwide.
China is the largest spender on tourism globally, with approximately 277.3 billion USD spent in 2019.
The statistic indicates that China is the largest contributor to global tourism spending, with a total of around 277.3 billion USD in expenditures in the year 2019. This figure underscores China’s economic significance in the tourism industry and its growing outbound tourism market. The substantial spending by Chinese tourists reflects their increasing disposable income, growing interest in international travel, and a strong desire to explore different destinations around the world. As a key player in the global tourism market, China’s spending power has significant implications for the economies of popular tourist destinations and the overall tourism industry’s dynamics.
Europe is the most visited region in the world, with over 741 million international tourist visits in 2019.
The statistic that Europe is the most visited region in the world, with over 741 million international tourist visits in 2019, highlights the significant appeal and popularity of Europe as a travel destination on a global scale. The large number of international tourist visits is indicative of Europe’s rich cultural heritage, diverse landscapes, historical landmarks, and vibrant cities that attract millions of visitors each year. This statistic underscores Europe’s position as a leader in the tourism industry and emphasizes the region’s ability to cater to a wide range of interests and preferences among travelers from around the world.
France is the most visited country globally, with 89 million international tourist arrivals in 2018.
The statistic that France is the most visited country globally, with 89 million international tourist arrivals in 2018, highlights the immense popularity and appeal of France as a tourist destination. This impressive number of arrivals underscores the country’s rich cultural heritage, iconic landmarks such as the Eiffel Tower and Louvre Museum, diverse cuisine, world-renowned wines, picturesque countryside, and vibrant cities like Paris. The statistic not only signifies France’s strong tourism industry but also its ability to attract visitors from around the world, contributing significantly to its economy through tourism revenue and job creation in sectors such as hospitality, transportation, and entertainment. France’s status as the most visited country underscores its global reputation as a top destination for tourists seeking history, art, fashion, gastronomy, and a unique cultural experience.
The global hotel industry was worth 600.49 billion US dollars in 2018.
The statistic stating that the global hotel industry was worth 600.49 billion US dollars in 2018 signifies the overall economic value generated by the hotel sector worldwide during that year. This figure represents the total revenue generated by hotels across various countries and regions, encompassing the earnings from accommodation services, food and beverage sales, meeting and event hosting, and other related services. The substantial size of the hotel industry highlights its significance as a key player in the global economy, contributing to employment generation, tourism development, and overall economic growth. The statistic provides valuable insight into the financial scale and importance of the hotel industry on a global scale, serving as a key indicator of the sector’s economic impact and performance in the specified year.
The travel and tourism industry is one of the world’s largest industries, with a global economic contribution (direct, indirect, and induced) of over 7.6 trillion U.S. dollars in 2016.
The statistic indicates that the travel and tourism industry plays a significant role in the global economy, with a total contribution of over 7.6 trillion U.S. dollars in 2016 when considering direct, indirect, and induced impacts. Direct contributions refer to revenue generated directly by the industry through activities such as accommodation, transportation, and attractions. Indirect impacts include the economic benefits generated by the supply chain and support industries that serve the tourism sector. Induced impacts encompass the economic effects of tourism-related spending by employees within the industry and in other sectors due to increased incomes. This statistic highlights the substantial economic importance of the travel and tourism industry worldwide, demonstrating its significant contribution to economic growth, job creation, and overall prosperity.
In 2020, due to COVID-19 pandemic, global tourism lost nearly 1.3 trillion U.S dollars in export revenue.
The statistic that in 2020, global tourism lost nearly 1.3 trillion U.S. dollars in export revenue due to the COVID-19 pandemic highlights the substantial economic impact of the crisis on the tourism industry worldwide. The significant decrease in tourism activity, including travel restrictions, border closures, and reduced consumer confidence, led to a sharp decline in revenue generated from international visitors traveling for leisure or business purposes. This massive loss underscores the vulnerabilities of the tourism sector to external shocks and emphasizes the urgent need for recovery efforts and strategies to rebuild and revive the industry post-pandemic.
In 2019, the total contribution of travel and tourism to employment, including jobs indirectly supported by the industry, was 10.6% of total employment (330 million jobs).
The statistic highlights the substantial impact of the travel and tourism industry on global employment in 2019. The total contribution of travel and tourism to employment, including jobs indirectly supported by the industry, accounted for 10.6% of total employment worldwide, equivalent to 330 million jobs. This indicates that a significant portion of the global workforce was either directly or indirectly employed in the travel and tourism sector, showcasing its importance as a major employer. The industry not only creates jobs within its direct sectors such as hospitality and transportation but also generates employment opportunities across various other sectors that support and benefit from tourism activities. This statistic underscores the vital role that travel and tourism play in providing livelihoods and driving economic growth on a global scale.
As of 2021, the number of travel and tourism jobs expected to be affected by the COVID-19 pandemic could be between 100.8 million to 120.1 million.
The statistic stating that between 100.8 million to 120.1 million travel and tourism jobs are expected to be affected by the COVID-19 pandemic as of 2021 highlights the profound impact the global health crisis has had on this particular industry. The wide range in the estimated number of affected jobs underscores the uncertainty and variability associated with predicting the full extent of the pandemic’s impact on the travel and tourism sector. This statistic reflects the widespread disruptions in travel patterns, border restrictions, and economic downturns experienced globally due to the pandemic, resulting in job losses and significant challenges for businesses operating in this industry. The large number of potential job losses underscores the urgency for governments, businesses, and other stakeholders to implement effective policies and strategies to support the recovery and resilience of the travel and tourism sector in the wake of this unprecedented crisis.
The total contribution of the travel and tourism industry to global GDP is expected to recover and reach around 5.5 trillion U.S. dollars by 2022.
The statistic indicates that the travel and tourism industry’s overall economic impact is forecasted to rebound and increase substantially, with a projection of reaching approximately 5.5 trillion U.S. dollars in global GDP by the year 2022. This suggests a positive trajectory for the industry after experiencing setbacks and declines, likely due to the impacts of the COVID-19 pandemic. The anticipated recovery in the industry’s contribution to the global economy demonstrates its resilience and importance as a significant driver of economic activity, job creation, and international trade. Various factors such as increasing consumer confidence, easing travel restrictions, and growing demand for leisure and business travel are expected to fuel this anticipated growth in the travel and tourism sector.
The total number of international tourist arrivals worldwide from 2005 to 2020 dropped drastically to 381 million in 2020, down from 1.5 billion in 2019 due to COVID-19.
The statistic indicates a significant decline in international tourist arrivals globally from 2005 to 2020, with the number dropping to 381 million in 2020 from 1.5 billion in 2019. This sharp decrease can be attributed to the impact of the COVID-19 pandemic, which resulted in widespread travel restrictions, border closures, and health concerns leading to a dramatic reduction in the number of people traveling internationally. The tourism industry faced unprecedented challenges in 2020 as countries implemented measures to curb the spread of the virus, causing a severe downturn in tourism activities across the world. The statistics highlight the profound impact that the pandemic had on international travel and the tourism sector as a whole during this period.
Over 53% of global travelers are likely to travel more in the future to make up for the lost time in 2020.
The statistic that over 53% of global travelers are likely to travel more in the future to make up for the lost time in 2020 suggests a strong desire among a majority of travelers to compensate for the limitations experienced during the global pandemic. This statistic indicates that many individuals have postponed or canceled their travel plans in 2020 due to restrictions and safety concerns, and now intend to increase their travel activities in the future to fulfill their unmet wanderlust. It highlights a potential surge in travel demand in the coming years as people seek to satisfy their pent-up desire to explore new destinations and experience the world after a period of restricted mobility.
The largest market for luxury travel is North America, with a value of 68.1 billion U.S. dollars in 2019.
This statistic indicates that North America represents the largest market for luxury travel, with a total value of 68.1 billion U.S. dollars in 2019. This suggests that a significant portion of the global luxury travel industry is concentrated in North America, encompassing countries such as the United States and Canada. The substantial monetary value attached to luxury travel in this region highlights the strong demand for high-end travel experiences and services among North American consumers. This statistic underscores the economic significance and market potential of luxury travel in North America, making it a key player in the global luxury travel industry.
The global market for Online Travel Booking is projected to reach US$983.2 Billion by 2027, from an estimated US$517.8 Billion in 2020.
The statistic regarding the global market for Online Travel Booking indicates a substantial growth trajectory over the seven-year period from 2020 to 2027. The projected increase from an estimated US$517.8 Billion in 2020 to US$983.2 Billion by 2027 suggests a strong upward trend in the demand for online travel booking services. This growth is likely driven by factors such as increasing internet penetration, rising disposable incomes, and the convenience and accessibility offered by online booking platforms. Such a significant expansion in market size highlights the continued importance and popularity of online travel booking services in the global travel industry.
In 2019, Global Adventure Tourism Market was valued at 586.3 billion U.S. dollars.
The statistic states that in 2019, the Global Adventure Tourism Market had a total estimated value of $586.3 billion U.S. dollars. This figure represents the overall economic impact generated by the adventure tourism industry worldwide during that year. Adventure tourism includes activities such as hiking, trekking, skiing, bungee jumping, and safari tours, among others. The substantial value of $586.3 billion underscores the significant contribution of adventure tourism towards the global economy, highlighting the growing popularity of adventurous experiences among travelers seeking unique and thrilling opportunities for exploration and leisure.
According to a 2019 survey, about 71% of global travelers would likely choose their travel destination based on its culinary offerings.
The statement indicates that in a 2019 survey, approximately 71% of respondents worldwide expressed a strong inclination towards selecting their travel destination primarily based on the culinary experiences it offers. This statistic suggests a significant association between food and travel preferences, highlighting the importance of culinary offerings in influencing travelers’ decisions. The data underscores the growing trend of gastronomic tourism and the increasing significance of food as a key element in shaping travel experiences for a majority of global travelers. This statistic can be valuable for tourism boards, hospitality industry professionals, and destination marketers in understanding consumer preferences and tailoring their offerings to cater to this growing demand for culinary experiences.
Globally, revenue in the Travel & Tourism market is projected to reach USD 715,285m in 2021.
The statistic “Globally, revenue in the Travel & Tourism market is projected to reach USD 715,285m in 2021” indicates that the total revenue generated from the travel and tourism industry worldwide is estimated to reach $715.285 billion in the year 2021. This suggests a significant economic contribution from various sectors such as transportation, accommodation, attractions, and other related services within the travel and tourism market. The projected revenue figure provides an insight into the scale and importance of the industry on a global scale, highlighting its widespread impact on economies, businesses, and consumers around the world.
The global travel and tourism market is expected to grow at a compound annual growth rate of 25.1% from 2021 to 2028 to reach USD 13.1 trillion by 2028.
This statistic indicates that the global travel and tourism market is projected to experience significant growth over the period from 2021 to 2028, with a compound annual growth rate (CAGR) of 25.1%. This substantial growth rate suggests a rapid expansion of the industry, driven by factors such as increasing disposable income, improving global economic conditions, advancements in technology facilitating travel, and a growing desire for experiences and exploration. The estimated market value of USD 13.1 trillion by 2028 highlights the immense scale and economic impact of the travel and tourism sector, signaling opportunities for businesses and stakeholders to capitalize on this growth trend.
Conclusion
Based on the comprehensive analysis of global tourism industry statistics, it is evident that the sector continues to thrive and play a significant role in the world economy. With increasing international travel, growing investments in the sector, and advancements in technology, the future looks promising for the global tourism industry. Understanding and leveraging these statistics can help businesses and policymakers make informed decisions to maximize opportunities and address challenges in this dynamic and competitive industry.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.statista.com
2. – https://www.www.booking.com
3. – https://www.www.wttc.org
4. – https://www.ourworldindata.org
5. – https://www.unwto.org
6. – https://www.www.globenewswire.com
7. – https://www.worldpopulationreview.com
