Travel and Tourism Spending Market Overview & Growth Rate Forecast for Next 5 Years

The latest study released on the?Global Travel and Tourism Spending Market?by HTF MI Research evaluates market size, trend, and forecast to 2030. The Travel and Tourism Spending market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include:

Expedia Group (United States), Booking Holdings (United States), American Express Global Business Travel (United States), TUI Group (Germany), Trip.com Group (China), Airbnb (United States), Carnival Corporation & plc (United States), Marriott International (United States), Hilton Worldwide Holdings (United States), Accor (France). Additionally, other players that are part of this detailed analysis are InterContinental Hotels Group (United Kingdom), Hyatt Hotels Corporation (United States), Hertz Global Holdings (United States), Thomas Cook Group (United Kingdom), Royal Caribbean Group (United States).

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The Global Travel and Tourism Spending market was valued at USD 11.7 Trillion in 2024 and is expected to reach USD 17.6 Trillion by 2030, growing at a CAGR of 5.9 % during 2024-2030.

Definition:

The Travel and Tourism Spending Market includes the expenditure by both domestic and international tourists on various aspects of travel such as transportation, accommodation, food and beverage, entertainment, and retail. This market is driven by the growing middle class, increasing disposable income, and improved accessibility of travel destinations. Post-pandemic recovery, demand for leisure travel, business travel, and the rise of sustainable tourism are contributing to the market's growth. The market faces challenges such as geopolitical tensions, fluctuating exchange rates, and environmental concerns, which are being mitigated by the adoption of digital technologies and personalized travel experiences.

Market Drivers:

·?????? Increasing disposable profits allows greater people to spend the funds for journey, thus increasing tourism

Market Opportunity:

·?????? Tourists become more environmentally conscious, sustainable and green tourism is growing in popularity, opening up new business opportunities

Major Highlights of the?Travel and Tourism Spending?Market report released by HTF MI

Global Travel and Tourism Spending Market Breakdown by Type (Domestic tourism, International tourism) by Travel Purpose (Leisure tourism, Business tourism, Medical tourism, Cultural and heritage tourism) by Travel Type (Group travel, Solo travel, Family travel) by Age Group (Below 30 years, 30 to 41 years, 42 to 49 years, 50 years and above) by Service Type (Accommodation, Transportation, Food and Beverages, Entertainment and Recreation, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

Global Travel and Tourism Spending market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

• The Middle East and Africa?(South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America?(United States, Mexico & Canada)
• South America?(Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe?(Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific?(Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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Major highlights from Table of Contents:

Key Points Covered in Travel and Tourism Spending Market Report:

• Travel and Tourism Spending Overview, Definition and Classification Market drivers and barriers
• Travel and Tourism Spending Market Competition by Manufacturers
• Travel and Tourism Spending Capacity, Production, Revenue (Value) by Region (2024-2030)
• Travel and Tourism Spending Supply (Production), Consumption, Export, Import by Region (2024-2030)
• Travel and Tourism Spending Production, Revenue (Value), Price Trend by Type {Domestic tourism, International tourism}
• Travel and Tourism Spending Market Analysis by Application {by Travel Purpose (Leisure tourism, Business tourism, Medical tourism, Cultural and heritage tourism)}
• Travel and Tourism Spending Manufacturers Profiles/Analysis Travel and Tourism Spending Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

Browse Complete Summary and Table of Content @?https://www.htfmarketintelligence.com/report/global-travel-and-tourism-spending-market

Key questions answered

• How feasible is Travel and Tourism Spending market for long-term investment?
• What are influencing factors driving the demand for Travel and Tourism Spending near future?
• What is the impact analysis of various factors in the Global Travel and Tourism Spending market growth?
• What are the recent trends in the regional market and how successful they are?

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, or Southeast Asia.

About Author:

HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.

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Vishwanath Kalkundrikar (Web Analyst - Team Lead)

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