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Travel & Tourism Global Industry Guide 2020-2029

Summary

Global Travel & Tourism industry profile provides top-line qualitative and quantitative summary information including: Industry size (value , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Industry.

Key Highlights

- The travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- Passenger airlines include passenger air transportation, including scheduled flights, but exclude 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 the 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 cover 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 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, etc.
- Travel intermediation is a part of the 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 based on nominal prices, and all currency conversions used in the creation of this report have been calculated using yearly average exchange rates. The USD values may show a declining trend for a few countries, such as Argentina, Turkey, Nigeria, Egypt, and Russia. This is primarily because of the impact of exchange rates considered.
- The global travel & tourism industry recorded revenues of $5,056.9 billion in 2024, representing a compound annual growth rate (CAGR) of 4% between 2019 and 2024.
- The travel intermediaries segment accounted for the industry's largest proportion in 2024, with total revenues of $1,568 billion, equivalent to 31% of the industry's overall value.
- In 2024, Asia-Pacific accounted for a share of 31.6% of the global travel & tourism industry, making it the largest region globally. It was followed by North America and Europe with a share of 31.0% and 28.0%, respectively.

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 2024?
- What will be the size of the global travel & tourism Industry in 2029?
- 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?