1. Market Research
  2. > Tourism and Leisure Market Trends
  3. > Tourism

How and where do people travel? Find your way through the studies available

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
31 votes

Global Tourism Industry Analysis

The global tourism & leisure industry and more particularly the tourism sector continue to thrive, with international tourist arrivals expected to build on between 4% and 5% growth in 2011, according to the World Tourism Organization (UNWTO). The industry is showing signs of recovery following the last economic recession, which saw falling demand for tourism activity as consumers postponed trips to concentrate their household budgets on more essential areas.

As disposable incomes rise and a social trend towards travelling and exploring new destinations grows, the different segments of the global tourism industry are attracting greater numbers of consumers eager to travel and experience life in other countries or just optimize time off work to unwind by taking holidays.

Key Regional Markets

The US tourism industry has suffered due to the economic crisis. According to the US Travel Association, if the overseas travel industry were to climb to previous heights, it could create employment for close to 1.5 million people by 2020, adding almost $860 billion worth of cumulative economic output. International traveler spending reached almost $135 billion in 2010, with travel spending abroad reaching close to $105 billion, seeing the US benefit from a trade surplus of over $30 billion. Out of the 60 million international arrivals in the US in 2010, over 26 million came from overseas and over 33 million came from Mexico and Canada. The US is forecast to lead the hotels and motels market through 2014, according to MarketLine.

International arrivals fell 1.2% over the ten-year period ending 2010, directly employing over 930,000 people in the US, with salaries totaling almost $25 billion. Leisure travel spending exceeded $525 billion. Showing positive signs of recovery after the recession, the US tourism industry recorded employment growth of almost 1.5% in the third fiscal quarter of 2011, after a near 2.5% increase in the second quarter, according to the US Department of Commerce. The passenger transportation sector never felt the recession as people always need to travel.

The EU receives more than 475 million international arrivals each year, and had a 50% share in the global tourism industry, reports UNWTO. The region totals more than $388 million from international tourism receipts which benefits the drinking location market (bars & pub). France, Italy, Germany and Spain are among the countries with the majority of arrivals. The EU’s long-haul markets are expected to see a change from North and South America, which currently represent over 55% of trips from overseas, to trips from developing markets.  

The Chinese tourism industry is forecast to record yearly growth of about 10% between 2010 and 2015, reports BRIC Data. Factors fuelling market expansion include government initiatives, liberalization and rising affluence. Improving technical infrastructure is boosting online tourism, with e-commerce and internet paving the way for this market segment. Tourism in China has been bolstered by events such as the Asian Games, the Shanghai Expo and the Olympic Games in 2008. State investments of $1.2 trillion will help improve China’s transportation infrastructure, further supporting the country’s tourism industry. In the early part of 2011, the cities with the most budget hotels were Guangzhou, Shenzhen, Shanghai, Nanjing, Beijing, and Hangzhou. The collective number of budget hotels across these six cities reached close to 2,000, or over 36% of the country’s budget hotels, which climbed over 4% between 2010 and 2011.

India’s tourism industry overlaps with and contributes to related industries such as civil aviation, transport and hospitality, notes RNCOS. Domestic tourism is strong, and leisure and pilgrim tourism are both leading sectors. Rising income is fuelling outbound travel, with Singapore, Malaysia and Thailand as popular destinations. Overseas tourist arrivals in India are forecast to record yearly growth of 8% through 2014. The industry is fragmented and intensely competitive, though not very organized.

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+33 9 70 44 05 99

1-10 of about 9 700 reports

Global Tourism Industry

  • November 2015
    71 pages
  • Tourism  

  • World  

View report >

Tourism Markets in the US

  • January 2016
    29 pages
  • Travel  

  • United States  

    China  

View report >

The future of the Tourism Industry in Europe and the UK

  • November 2015
    24 pages
  • Tourism  

  • Europe  

    United Kingdom  

    China  

View report >

Tourism Industry in Oceania and Asia Forecast

  • December 2015
    68 pages
  • Tourism  

  • Oceania  

    Asia  

    Samoa  

View report >

Tourism Forecast Statistics in Japan

  • January 2015
    10 pages
  • Tourism  

  • Japan  

    Asia  

    China  

View report >

Tourism Industry in France

  • November 2014
    6 pages
  • Tourism  

    Tourism and Lei  

  • France  

View report >

Tourism Markets in Germany

  • June 2015
    10 pages
  • Tourism  

    Tourism  

  • Germany  

    Croatia  

    Europe  

View report >

Rural Tourism Industry in Italy

  • January 2015
    12 pages
  • Rural Tourism  

  • Italy  

    Europe  

View report >

Tourism Industry in the UK

  • November 2015
    15 pages
  • Tourism  

  • United Kingdom  

    Europe  

View report >

Tourism Industry in Canada Forecast

  • November 2015
    12 pages
  • Tourism  

  • Canada  

View report >


About 51 000 reports

Purchase Reports From Reputable Market Research Publishers
(From € 50 - € 12 720)

2016 Global Molecular Diagnostics Market: Supplier Shares, Country Volume and Sales Segment Forecasts, Innovative Technologies, Instrumentation Review, Competitive Strategies--Infectious Diseases, Genetic Diseases, Cancer, Forensic and Paternity Testing

2016 Global Molecular Diagnostics Market: Supplier Shares, Country Volume and Sales Segment Forecasts, Innovative Technologies, Instrumentation Review, Competitive Strategies--Infectious Diseases, Genetic Diseases, Cancer, Forensic and Paternity Testing

  • € 12 720
  • Industry report
  • November 2015
  • by Venture Planning Group

This new seven-country study from VPGMarketResearch contains 1,398 pages, 194 tables, and is designed to help current suppliers and potential market entrants identify and evaluate major business opportunities ...

2016 Future Horizons And Growth Strategies In The World ...

November 2015 € 12 560

2016 Global Infectious Disease Molecular Diagnostics Ma ...

November 2015 € 10 000

2016 Future Horizons And Growth Strategies In The Globa ...

November 2015 € 9 360

Competing In The 2016 Global Sexually-transmitted Disea ...

January 2016 € 4 960

2016 Global Endocrine Function Testing Market: Test Vol ...

November 2015 € 4 400

2016 Global Immunoprotein Market: Test Volume And Sales ...

November 2015 € 4 400

Radio Modem Market For Its Application By Frequency Ban ...

January 2016 € 3 720

Traffic Management Market By Solutions, Detection, & By ...

January 2016 € 3 720

2-chloro-3-chloromethylpyridine Hydrochloride Chemical ...

February 2016 € 3 688

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.