Global Travel & Tourism industry profile provides top-line qualitative and quantitative summary information including: Industry size (value, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Industry.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- Passenger airlines includes passenger air transportation, including scheduled flights but excludes 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 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 covers 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 of 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, and car rentals.
- Travel intermediation is a part of 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 adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
- The global travel & tourism Industry recorded revenues of $4.40 trillion in 2023, representing a compound annual growth rate (CAGR) of 2.2% between 2018 and 2023.
- The travel intermediaries segment accounted for the industry's largest proportion in 2023, with total revenues of $1.32 trillion, equivalent to 30.2% of the industry's overall value.
- Increasing capital investment in the travel & tourism industry is a key driver of growth, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in the US reached $237.2 billion in 2023, reflecting a 5.0% increase from the previous year.
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 2023?
- What will be the size of the global travel & tourism Industry in 2028?
- 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?
Table of Contents
1 Executive Summary
2 Introduction
3 Global Travel & Tourism
4 Macroeconomic Indicators
5 Travel & Tourism in Asia-Pacific
6 Travel & Tourism in Europe
7 Macroeconomic Indicators
8 Travel & Tourism in France
9 Macroeconomic Indicators
10 Travel & Tourism in Germany
11 Macroeconomic Indicators
12 Travel & Tourism in Italy
13 Macroeconomic Indicators
14 Travel & Tourism in Japan
15 Macroeconomic Indicators
16 Travel & Tourism in Australia
17 Macroeconomic Indicators
18 Travel & Tourism in Canada
19 Macroeconomic Indicators
20 Travel & Tourism in China
21 Macroeconomic Indicators
22 Travel & Tourism in The Netherlands
23 Macroeconomic Indicators
24 Travel & Tourism in Spain
25 Macroeconomic Indicators
26 Travel & Tourism in The United Kingdom
27 Macroeconomic Indicators
28 Travel & Tourism in The United States
29 Macroeconomic Indicators
30 Company Profiles
31 Appendix
List of Tables
List of Figures
Samples
LOADING...
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accor SA
- Aeroflot OAO
- Air Canada
- Air France-KLM SA
- Alsea SAB de CV
- AmRest Holdings SE
- APA Hotel Ltd
- Australian Leisure and Hospitality Group
- Booking Holdings Inc
- China Southern Airlines Co Ltd
- Comair Ltd
- Courtepaille
- CVC Brasil Operadora e Agencia de Viagens SA
- Delta Air Lines Inc
- Despegar.com Corp
- Deutsche Lufthansa AG
- Domino's Pizza Enterprises Ltd
- easyJet Plc
- eDreams ODIGEO SA
- Expedia Group Inc
- Famous Brands Ltd
- Finnair Oyj
- Fletcher Hotel Group
- Genting Singapore Limited
- GOL Linhas Aereas Inteligentes SA
- Grupo Aeromexico SAB de CV
- Grupo Posadas SAB de CV
- Hanatour Service Inc
- HIS Co Ltd
- Hotelaria Accor Brasil SA
- I Viaggi del Ventaglio S.p.A.
- IB Opco Holding SL
- Inspire Brands Inc
- InterContinental Hotels Group Plc
- Interglobe Aviation Ltd
- International Consolidated Airlines Group SA
- INTERNATIONAL MEAL COMPANY ALIMENTACAO S.A.
- Japan Airlines Co Ltd
- JUMBO Group Ltd
- Kangwon Land Inc
- KLM Royal Dutch Airlines
- Korean Air Lines Co Ltd
- Kyochon F&B Co Ltd
- MakeMyTrip Ltd
- Marriott International Inc
- McDonald’s Deutschland LLC
- McDonald’s Oy (Finland)
- McDonald's Corp
- McDonald's Netherlands BV
- McDonald's Restaurants Ltd
- Minor Hotels Europe & Americas SA
- Norwegian Air Shuttle ASA
- PT Fast Food Indonesia Tbk
- PT Garuda Indonesia (Persero) Tbk
- PT Panorama Sentrawisata Tbk
- Qantas Airways Ltd
- Restaurant Brands Asia Ltd
- Restaurant Brands International Inc
- Rosinter Restaurants Holding OJSC
- Scandic Hotels Group AB
- Scandic Hotels Oy
- Scandinavian Airlines System Denmark-Norway-Sweden
- Shanghai Jin Jiang International Hotels Co Ltd
- Singapore Airlines Ltd
- SNCF Connect
- Sparbanken Alingsas AB
- Strawberry Equities AS
- TAB Gida Sanayi & Ticaret AS
- The Indian Hotels Company Ltd
- Tongcheng Travel Holdings Ltd
- Transat A.T. Inc
- Trip.com Group Ltd
- TUI AG
- TUI UK Ltd
- Turk Hava Yollari Anonim Ortakligi
- Unlimited Travel Group AB
- Yum China Holdings Inc
- Zensho Holdings Co Ltd