The market size of the global tourism sector rose significantly in 2023 compared to the previous year, totaling around 1.9 trillion U.S. dollars. Despite the sharp annual increase, global tourism revenue remained below the figures reported before the onset of the COVID-19 pandemic. As forecast, the market size of the tourism sector worldwide was expected to reach an estimated two trillion U.S. dollars in 2024.
What is the economic impact of travel and tourism?
In 2023, the total contribution of travel and tourism to the global GDP, including the direct, indirect, and induced impact of these markets, was estimated at nearly 10 trillion U.S. dollars, almost recovering from the impact of the COVID-19 pandemic. Similarly, the number of travel and tourism jobs worldwide was just around one percent below pre-pandemic levels in 2023, with these industries generating, directly and indirectly, 330 million jobs.
What are the most popular travel destinations worldwide?
Both before and after the COVID-19 pandemic, France topped the ranking of the most visited countries by inbound tourists worldwide. In 2023, the number of inbound tourist arrivals in France peaked at 100 million, the highest figure reported to date. That year, Spain, the United States, and Italy followed in the list. Meanwhile, the United States was the country with the highest international tourism receipts worldwide in 2023, ahead of Spain and the United Kingdom.
Market size of the tourism sector worldwide from 2011 to 2023, with a forecast for 2024
(in trillion U.S. dollars)
Characteristic
Market size in trillion U.S. dollars
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
IBISWorld. (February 15, 2024). Market size of the tourism sector worldwide from 2011 to 2023, with a forecast for 2024 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/
IBISWorld. "Market size of the tourism sector worldwide from 2011 to 2023, with a forecast for 2024 (in trillion U.S. dollars)." Chart. February 15, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/
IBISWorld. (2024). Market size of the tourism sector worldwide from 2011 to 2023, with a forecast for 2024 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/
IBISWorld. "Market Size of The Tourism Sector Worldwide from 2011 to 2023, with a Forecast for 2024 (in Trillion U.S. Dollars)." Statista, Statista Inc., 15 Feb 2024, https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/
IBISWorld, Market size of the tourism sector worldwide from 2011 to 2023, with a forecast for 2024 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/ (last visited September 01, 2024)
Market size of the tourism sector worldwide from 2011 to 2023, with a forecast for 2024 (in trillion U.S. dollars) [Graph], IBISWorld, February 15, 2024. [Online]. Available: https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/