Travel & Tourism - Worldwide

  • Worldwide
  • Revenue in the Travel & Tourism market is projected to reach US$854.80bn in 2023.
  • Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 4.41%, resulting in a projected market volume of US$1,016.00bn by 2027.
  • The market's largest segment is Hotels with a projected market volume of US$408.80bn in 2023.
  • In the Hotels, the number of users is expected to amount to 1,333.0m users by 2027.
  • User penetration is 24.3% in 2023 and is expected to hit 27.2% by 2027.
  • The average revenue per user (ARPU) is expected to amount to US$0.46k.
  • In the Travel & Tourism market, 74% of total revenue will be generated through online sales by 2027.
  • In global comparison, most revenue will be generated in the United States (US$190.40bn in 2023).
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