Travel and Tourism Market: Size & Forecasts with Impact Analysis of COVID-19 (2020-2024)

Table of Contents

1. Executive Summary

2. Introduction
2.1 Travel and Tourism: An Overview
2.1.1 Sectors within the Travel and Tourism Industry
2.1.2 Characteristics of Travel and Tourism
2.1.3 Forms of Tourism
2.1.4 Importance of Travel and Tourism
2.2 Travel and Tourism Segmentation: An Overview
2.2.1 Travel and Tourism Segmentation by Travel Type
2.2.2 Travel and Tourism Segmentation by Application

3. Global Market Analysis
3.1 Global Travel and Tourism Market: An Analysis
3.1.1 Global Travel and Tourism Market by Value
3.1.2 Global Travel and Tourism Market by Travel Type (Leisure and Business)
3.1.3 Global Travel and Tourism Market by Application (Domestic and International)
3.1.4 Global Travel and Tourism Market by Region (Asia Pacific, Europe, North America, Middle East & Africa and Latin America)
3.2 Global Travel and Tourism Market: Travel Type Analysis
3.2.1 Global Leisure Travel and Tourism Market by Value
3.2.2 Global Business Travel and Tourism Market by Value
3.3 Global Travel and Tourism Market: Application Analysis
3.3.1 Global Domestic Travel and Tourism Market by Value
3.3.2 Global International Travel and Tourism Market by Value

4. Regional Market Analysis
4.1 Asia Pacific Travel and Tourism Market: An Analysis
4.1.1 Asia Pacific Travel and Tourism Market by Value
4.1.2 Asia Pacific Travel and Tourism Market by Region (China, Japan, India, Australia and Rest of Asia Pacific)
4.1.3 China Travel and Tourism Market by Value
4.1.4 China Travel and Tourism Market by Application (Domestic and International)
4.1.5 China Domestic & International Travel and Tourism Market by Value
4.1.6 Japan Travel and Tourism Market by Value
4.1.7 Australia Travel and Tourism Market by Value
4.1.8 India Travel and Tourism Market by Value
4.1.9 Rest of Asia Pacific Travel and Tourism Market by Value
4.2 Europe Travel and Tourism Market: An Analysis
4.2.1 Europe Travel and Tourism Market by Value
4.2.2 Europe Travel and Tourism Market by Region (Germany, Italy, UK, Spain and Rest of Europe)
4.2.3 Germany Travel and Tourism Market by Value
4.2.4 Italy Travel and Tourism Market by Value
4.2.5 UK Travel and Tourism Market by Value
4.2.6 Spain Travel and Tourism Market by Value
4.2.7 Rest of Europe Travel and Tourism Market by Value
4.3 North America Travel and Tourism Market: An Analysis
4.3.1 North America Travel and Tourism Market by Value
4.3.2 North America Travel and Tourism Market by Region (The US, Canada and Rest of North America)
4.3.3 The US Travel and Tourism Market by Value
4.3.4 The US Travel and Tourism Market by Travel Type (Leisure and Business)
4.3.5 The US Leisure & Business Travel and Tourism Market by Value
4.3.6 The US Travel and Tourism Market by Application (Domestic and International)
4.3.7 The US Domestic & International Travel and Tourism Market by Value
4.3.8 Canada Travel and Tourism Market by Value
4.3.9 Rest of North America Travel and Tourism Market by Value
4.4 Middle East & Africa Travel and Tourism Market: An Analysis
4.4.1 Middle East & Africa Travel and Tourism Market by Value
4.5 Latin America Travel and Tourism Market: An Analysis
4.5.1 Latin America Travel and Tourism Market by Value

5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on Travel and Tourism Sector
5.1.2 Impact of COVID-19 on International Tourism
5.1.3 Impact of COVID-19 on Business Travel
5.1.4 Impact of COVID-19 on Airlines
5.1.5 Impact of COVID-19 on Hotel Industry
5.1.6 Impact of COVID-19 on Employment in Travel and Tourism Industry
5.1.7 COVID-19: The Pace of the Recovery

6. Market Dynamics
6.1 Growth Driver
6.1.1 Rapid Urbanization
6.1.2 Increasing Spending of Middle Class Population
6.1.3 Rise in Travel by Millennial Population
6.1.4 Growing Use of Internet
6.1.5 Escalating Domestic Tourism
6.2 Challenges
6.2.1 Economic Slowdown
6.2.2 Cost of Vacation and Inflation
6.3 Market Trends
6.3.1 Rise in Cultural Tourism
6.3.2 Growing Trend of Eco-tourism
6.3.3 Increasing Focus on Creating New Experiences
6.3.4 Surge in Bleisure Travel
6.3.5 Emergence of Transformative Travel
6.3.6 Escalating Popularity of Solo Travel
6.3.7 Technological Advancements in the Travel and Tourism

7. Competitive Landscape
7.1 Global Travel and Tourism Market Players: A Financial Comparison
7.2 Global Hotel Market Players by Customer Type
7.3 China Hotel Market Players by Market Share

8. Company Profiles
8.1 TUI Group
8.1.1 Business Overview
8.1.2 Financial Overview
8.1.3 Business Strategy
8.2 Expedia Group, Inc.
8.2.1 Business Overview
8.2.2 Financial Overview
8.2.3 Business Strategy
8.3 Hilton Worldwide Holdings Inc.
8.3.1 Business Overview
8.3.2 Financial Overview
8.3.3 Business Strategy
8.4 Booking Holdings Inc.
8.4.1 Business Overview
8.4.2 Financial Overview
8.4.3 Business Strategy

List of Figures

Figure 1: Sectors within the Travel and Tourism Industry
Figure 2: Characteristics of Travel and Tourism
Figure 3: Forms of Tourism
Figure 4: Importance of Travel and Tourism
Figure 5: Travel and Tourism Segmentation by Travel Type
Figure 6: Travel and Tourism Segmentation by Application
Figure 7: Global Travel and Tourism Market by Value; 2016-2019 (US$ Trillion)
Figure 8: Global Travel and Tourism Market by Value; 2020-2024 (US$ Trillion)
Figure 9: Global Travel and Tourism Market by Travel Type; 2019 (Percentage, %)
Figure 10: Global Travel and Tourism Market by Application; 2019 (Percentage, %)
Figure 11: Global Travel and Tourism Market by Region; 2019 (Percentage, %)
Figure 12: Global Leisure Travel and Tourism Market by Value; 2016-2019 (US$ Trillion)
Figure 13: Global Leisure Travel and Tourism Market by Value; 2020-2024 (US$ Trillion)
Figure 14: Global Business Travel and Tourism Market by Value; 2016-2019 (US$ Trillion)
Figure 15: Global Business Travel and Tourism Market by Value; 2020-2024 (US$ Trillion)
Figure 16: Global Domestic Travel and Tourism Market by Value; 2016-2019 (US$ Trillion)
Figure 17: Global Domestic Travel and Tourism Market by Value; 2020-2024 (US$ Trillion)
Figure 18: Global International Travel and Tourism Market by Value; 2016-2019 (US$ Trillion)
Figure 19: Global International Travel and Tourism Market by Value; 2020-2024 (US$ Trillion)
Figure 20: Asia Pacific Travel and Tourism Market by Value; 2017-2019 (US$ Trillion)
Figure 21: Asia Pacific Travel and Tourism Market by Value; 2020-2024 (US$ Trillion)
Figure 22: Asia Pacific Travel and Tourism Market by Region; 2019 (Percentage, %)
Figure 23: China Travel and Tourism Market by Value; 2018-2019 (US$ Trillion)
Figure 24: China Travel and Tourism Market by Value; 2020-2024 (US$ Trillion)
Figure 25: China Travel and Tourism Market by Application; 2019 (Percentage, %)
Figure 26: China Domestic & International Travel and Tourism Market by Value; 2019 & 2020 (US$ Billion)
Figure 27: Japan Travel and Tourism Market by Value; 2018-2019 (US$ Billion)
Figure 28: Japan Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 29: Australia Travel and Tourism Market by Value; 2018-2019 (US$ Billion)
Figure 30: Australia Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 31: India Travel and Tourism Market by Value; 2018-2019 (US$ Billion)
Figure 32: India Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 33: Rest of Asia Pacific Travel and Tourism Market by Value; 2018-2019 (US$ Billion)
Figure 34: Rest of Asia Pacific Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 35: Europe Travel and Tourism Market by Value; 2017-2019 (US$ Trillion)
Figure 36: Europe Travel and Tourism Market by Value; 2020-2024 (US$ Trillion)
Figure 37: Europe Travel and Tourism Market by Region; 2019 (Percentage, %)
Figure 38: Germany Travel and Tourism Market by Value; 2018-2019 (US$ Billion)
Figure 39: Germany Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 40: Italy Travel and Tourism Market by Value; 2018-2019 (US$ Billion)
Figure 41: Italy Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 42: UK Travel and Tourism Market by Value; 2018-2019 (US$ Billion)
Figure 43: UK Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 44: Spain Travel and Tourism Market by Value; 2018-2019 (US$ Billion)
Figure 45: Spain Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 46: Rest of Europe Travel and Tourism Market by Value; 2018-2019 (US$ Billion)
Figure 47: Rest of Europe Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 48: North America Travel and Tourism Market by Value; 2017-2019 (US$ Trillion)
Figure 49: North America Travel and Tourism Market by Value; 2020-2024 (US$ Trillion)
Figure 50: North America Travel and Tourism Market by Region; 2019 (Percentage, %)
Figure 51: The US Travel and Tourism Market by Value; 2018-2019 (US$ Trillion)
Figure 52: The US Travel and Tourism Market by Value; 2020-2024 (US$ Trillion)
Figure 53: The US Travel and Tourism Market by Travel Type; 2019 (Percentage, %)
Figure 54: The US Leisure & Business Travel and Tourism Market by Value; 2019 & 2020 (US$ Billion)
Figure 55: The US Travel and Tourism Market by Application; 2019 (Percentage, %)
Figure 56: The US Domestic & International Travel and Tourism Market by Value; 2019 & 2020 (US$ Billion)
Figure 57: Canada Travel and Tourism Market by Value; 2018-2019 (US$ Billion)
Figure 58: Canada Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 59: Rest of North America Travel and Tourism Market by Value; 2018-2019 (US$ Billion)
Figure 60: Rest of North America Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 61: Middle East & Africa Travel and Tourism Market by Value; 2017-2019 (US$ Billion)
Figure 62: Middle East & Africa Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 63: Latin America Travel and Tourism Market by Value; 2017-2019 (US$ Billion)
Figure 64: Latin America Travel and Tourism Market by Value; 2020-2024 (US$ Billion)
Figure 65: Global International Tourist Arrivals by Region; 2019 & H1 2020 (Percentage, % change)
Figure 66: Global Business Travel Declines after Major Events
Figure 67: Global Airline Passenger Revenue Loss due to COVID-19 Outbreak by Region of Airline Registration; 2020 (US$ Billion)
Figure 68: Europe Hotel Revenue Per Available Room (RevPAR) Percentage Change by Hotel Class; 2020 (Percentage, %)
Figure 69: Global Employment Loss in the Travel and Tourism Industry due to the COVID-19 Pandemic by Region; 2020 (Million)
Figure 70: Three Stages of the Recovery
Figure 71: Global Urbanization Rates by Region; 2010-2040 (Percentage, %)
Figure 72: Global Middle Class Population; 2015-2030 (Billion)
Figure 73: The US Millennial Population; 2016-2036 (Million)
Figure 74: Global Internet Users and Penetration; 2016-2021 (Billion & Percentage, %)
Figure 75: Global Real GDP Growth by Region; 2019-2021 (Percentage, %)
Figure 76: Global Hotel Market Players by Customer Type; 2019 (Percentage, %)
Figure 77: China Hotel Market Players by Market Share; 2019 (Percentage, %)
Figure 78: TUI Group Turnover; 2016-2019 (US$ Billion)
Figure 79: TUI Group Turnover by Segments; 2019 (Percentage, %)
Figure 80: TUI Group Turnover by Region; 2019 (Percentage, %)
Figure 81: Expedia Group, Inc. Revenue; 2015-2019 (US$ Billion)
Figure 82: Expedia Group, Inc. Revenue by Segments; 2019 (Percentage, %)
Figure 83: Expedia Group, Inc. Revenue by Region; 2019 (Percentage, %)
Figure 84: Hilton Worldwide Holdings Inc. Total Revenues; 2015-2019 (US$ Billion)
Figure 85: Hilton Worldwide Holdings Inc. Total Revenues by Region; 2019 (Percentage, %)
Figure 86: Booking Holdings Inc. Total Revenues; 2015-2019 (US$ Billion)
Figure 87: Booking Holdings Inc. Total Revenues by Segments; 2019 (Percentage, %)
Figure 88: Booking Holdings Inc. Total Revenues by Region; 2019 (Percentage, %)

List of Tables

Table 1: Global Travel and Tourism Market Players: A Financial Comparison; 2019

Samples

Executive Summary

Travel and tourism include several sectors, which are transportation, accommodation, food & beverage, retail stores, entertainment, and certain connected industries, such as travel agents, tourism organizations, etc. The travel and tourism market can be segmented on the basis of travel type (Leisure and Business); and application (Domestic and International).

The global travel and tourism market has increased at a significant CAGR during the years 2016-2019 and projections are made that the market would decline in the year 2020 tremendously and then rise progressively in the next three years i.e. 2021-2024. The travel and tourism market is expected to increase due to rapid urbanization, increasing spending of middle-class population, rise in travel by millennial population, growing use of the internet, escalating domestic tourism, etc. Yet the market faces some challenges such as economic slowdown, cost of vacation and inflation, etc.

Companies Mentioned

• Booking Holdings Inc.
• Expedia Group, Inc.
• Hilton Worldwide Holdings Inc.
• TUI Group