Travel & Tourism market forecast revenue growth in the UK 2023, by category

Published by Jennifer Luty, May 20, 2020
Revenue across the travel and tourism market is expected to fall across segments in 2020 due to the impact of COVID-19. The cruise segment is set to experience the biggest fall in revenues, with an anticipated decrease of over 50 percent. An overview of all Mobility Markets can be found here.

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Revenue growth of the travel and tourism market in the United Kingdom (UK) from 2018 to 2023, by category*

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Supplementary notes

* Forecast adjusted for expected impact of COVID-19.

The Travel & Tourism market contains package holidays, hotel stays, private vacation rentals and cruises.

Methodology:
The Travel & Tourism market was created by extending the Online Travel Booking market with trips and accommodations booked offline. Travel booking in the last two decades has become increasingly online. For this reason, we use the online-conducted Global Consumer Survey as a main source of our research. Furthermore, we rely on market data from independent databases and third-party sources, analysis of various key market and macroeconomic indicators, historical developments, current trends, and reported performance indicators from the key market players.

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