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Tourism Growth

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Tourism Growth

Tourism Growth

The United States saw the highest spending in 2022 at $161.9 billion, surpassing China, which led in 2021 with $109.4 billion. Other major spenders include Germany, the UK, France, and emerging contributors like Italy and India, reflecting a strong recovery in global tourism spending post-pandemic.

The Biggest Economic Boost

tourism's contribution to GDP in selected OECD countries in 2016. Spain leads with 11.1%, followed by Portugal (9.2%) and Mexico (8.6%). Countries like Poland (1.2%), Japan (1.9%), and Canada (2.0%) show the lowest dependency on tourism among the listed nations.

GLOBAL TOURISM

The chart depicts the projected growth in the global tourism source market size from 2022 to 2030. The market is expected to grow at a compound annual growth rate (CAGR) of 3.86%, starting at $2,003 billion in 2022 and reaching $2,677 billion by 2030. The consistent year-on-year increase highlights the resilience and expansion of the tourism industry despite global challenges, driven by rising international travel and increased consumer spending on tourism activities.