Global Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027

Global Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027

Summary

Global Travel & Tourism industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsThe travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming market.The global travel and tourism industry had total revenues of $6,922.6 billion in 2022, representing a compound annual growth rate (CAGR) of 0.5% between 2017 and 2022.Food service was the industry's largest segment in 2022, with total revenues of $3,355.2 billion, equivalent to 48.5% of the industry's overall value.Global travel and tourism industry is growing significantly in recent years owing to increasing disposable income, rising leisure and business tourism, growth in sports tourism, increasing number of global events attracting large visitors, boosting infrastructure development easing mobility, and emerging adventure tourists.ScopeSave time carrying out entry-level research by identifying the size, growth, and leading players in the travel & tourism market in the globalUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global travel & tourism marketLeading company profiles reveal details of key travel & tourism market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the Global travel & tourism market with five year forecastsReasons to BuyWhat was the size of the Global travel & tourism market by value in 2022?What will be the size of the Global travel & tourism market in 2027?What factors are affecting the strength of competition in the Global travel & tourism market?How has the market performed over the last five years?