Global Tourism Market

The global tourism industry will lose at least 12 trillion this year amid crippling travel restrictions and consumer wariness during the coronavirus pandemic according to a report wednesday.

Colombia tourism campaignunited states not in world tourism organization. The revenue generated from visitor exports is also. The world travel and tourism council wttc reports an expected growth of 31 in 2016 outpacing the global economic growth forecast at 23. Data covers tourist arrivals tourism share of exports and contribution to gdp source markets seasonality and accommodation data on number of rooms guest and nights.

The global travel and tourism industry was valued at usd 7581 billion in 2014 100 of gdp and was forecasted to grow by 38 in 2015. Tourism is increasingly shown to be a. The global tourism market is segmented on the basis of type industry products activities involved and geography.

Along with it on the basis of purpose of travel or tourism the market for global tourism is segmented into adventure. The tourism industry as part of the service sector has become an important source of income for many regions and even for entire countries. This chart shows global international tourism receipts from 2000 2019 and possible scenarios for 2020.

61 billion during 2020 2024 progressing at a cagr of 8. On the basis of type international tourism and domesticlocal tourism are the two major types of tourism market. The unwto tourism data dashboard provides statistics and insights on key indicators for inbound and outbound tourism at the global regional and national levels.

The world tourism organisation unwto also states international tourist arrivals grew by 4 worldwide in the first six months of 2016 with the greatest acceleration recorded in asia and the pacific. Global wellness tourism market was valued at us641298 billion in 2019. One major trend that travel agencies and the tourism industry will have to adapt to in the future is the increased global interest in eco friendly travel.