The coronavirus (COVID-19) pandemic hit the tourism industry hard in 2020, as governments implemented travel bans and stay-at-home measures in order to contain the spread of the virus. In 2020, the market size of the global tourism sector declined over the previous year, reaching 1.09 trillion U.S. dollars. This industry's market size was forecast to rise to 1.3 trillion U.S. dollars in 2021.
Market size of the tourism sector worldwide from 2011 to 2020, with a forecast for 2021
(in billion U.S. dollars)
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IBISWorld. (August 11, 2021). Market size of the tourism sector worldwide from 2011 to 2020, with a forecast for 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 04, 2022, from https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/
IBISWorld. "Market size of the tourism sector worldwide from 2011 to 2020, with a forecast for 2021 (in billion U.S. dollars)." Chart. August 11, 2021. Statista. Accessed July 04, 2022. https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/
IBISWorld. (2021). Market size of the tourism sector worldwide from 2011 to 2020, with a forecast for 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 04, 2022. https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/
IBISWorld. "Market Size of The Tourism Sector Worldwide from 2011 to 2020, with a Forecast for 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Aug 2021, https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/
IBISWorld, Market size of the tourism sector worldwide from 2011 to 2020, with a forecast for 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/ (last visited July 04, 2022)
