GITNUX MARKETDATA REPORT 2024

Holiday Industry Statistics

The holiday industry statistics indicate a significant growth in tourism revenue and an increasing trend in the number of people traveling for leisure purposes.

In this post, we will explore a series of key statistics that shed light on the impact and dynamics of the global holiday industry. From significant contributions to the economy to losses faced during the COVID-19 pandemic, the data paints a comprehensive picture of the evolving landscape of travel and tourism worldwide. Let’s delve into the numbers that define the holiday industry’s past, present, and future.

Statistic 1

"In 2019, travel and tourism contributed $8.9 trillion to the global economy."

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Statistic 2

"The global tourism industry lost nearly $935 billion in revenues in 2020 due to COVID-19."

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Statistic 3

"The total travel spending in the United States dropped by 42%, from $1.13 trillion in 2019 to $679 billion in 2020."

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Statistic 4

"During 2019, Europe recorded a total of 745.2 million international tourist arrivals."

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Statistic 5

"The leisure travel greatly exceeded business travel spending with $1,036.2 billion in 2019."

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Statistic 6

"Approximately 1.5 million people were employed in the UK tourism industry in 2018."

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Statistic 7

"According to UBS, people from Hong Kong are the world's biggest holiday spenders, spending on average $2,073 per person per trip."

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Statistic 8

"In 2019, Asia and the Pacific recorded over 361 million international tourist arrivals."

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Statistic 9

"Foreign visitors to Spain spent a record high of over 92.2 billion euros in 2019."

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Statistic 10

"One in 10 enterprises in the EU-27’s non-financial business economy was classified within the tourism industries."

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Statistic 11

"In 2019, France was the most visited country in the world, with 90 million international tourists."

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Statistic 12

"In 2019, international tourism receipts amounted to $1.7 trillion globally."

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Statistic 13

"About 50% of the tourists worldwide are motivated by the desire to experience different cultures."

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Statistic 14

"Experts forecast that by 2028 travel and tourism will support more than 400 million jobs globally."

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Statistic 15

"The revenue of the U.S. hotel industry reached $218.95 billion in 2019."

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Statistic 16

"In 2020, domestic tourists in China made around 2.88 billion trips."

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Statistic 17

"By 2025, the online travel booking market is projected to grow to $983 billion."

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Statistic 18

"Travelers from the United States made 79.6 million international trips in 2019, more than any other country."

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Statistic 19

"The global hotel industry was forecasted to reach $211 billion in 2021."

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The statistics highlight the significant impact of the travel and tourism industry on the global economy, with 2019 demonstrating robust growth and high visitor numbers. However, the outbreak of COVID-19 in 2020 led to a substantial decline in revenues and spending, particularly affecting international travel and tourism hotspots like Europe and the United States. Despite the challenges faced, there are positive projections for the future, with forecasts pointing towards growth in job opportunities and market size within the industry, indicating resilience and potential for recovery in the coming years.

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