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."

Sources Icon

Statistic 2

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

Sources Icon

Statistic 3

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

Sources Icon

Statistic 4

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

Sources Icon

Statistic 5

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

Sources Icon

Statistic 6

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

Sources Icon

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."

Sources Icon

Statistic 8

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

Sources Icon

Statistic 9

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

Sources Icon

Statistic 10

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

Sources Icon

Statistic 11

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

Sources Icon

Statistic 12

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

Sources Icon

Statistic 13

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

Sources Icon

Statistic 14

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

Sources Icon

Statistic 15

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

Sources Icon

Statistic 16

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

Sources Icon

Statistic 17

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

Sources Icon

Statistic 18

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

Sources Icon

Statistic 19

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

Sources Icon
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.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!