The United Kingdom led global tourism expenditure in 2023 with $68.21 billion, despite a 0.76% decline. India demonstrated robust growth at 7.16%, closely followed by Romania at 9.04%. France and Italy saw a slight decrease, whereas countries like Switzerland and Indonesia showed significant positive trends. South Africa, Japan, and Slovenia experienced notable declines in expenditure. Costa Rica showed the highest increase in year-on-year variation.
Looking forward to 2024, expect Asia, led by India, to continue expanding its global tourism footprint due to economic growth and increasing outbound travel. Europe may experience fluctuations influenced by economic conditions and geopolitical factors.
Top countries in Tourism International Expenditure by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 68,210 | 2023 | -1.07% | -0.76% | View data |
| 2 | 2 France | 54,730 | 2023 | +11.34% | -1.57% | View data |
| 3 | 3 Australia | 44,350 | 2023 | +21.96% | +0.87% | View data |
| 4 | 4 Russia | 41,450 | 2023 | +1% | +1.34% | View data |
| 5 | 5 South Korea | 39,840 | 2023 | +15.73% | +0.94% | View data |
| 6 | 6 Italy | 36,650 | 2023 | +14.02% | -0.59% | View data |
| 7 | 7 India | 36,440 | 2023 | +19.19% | +7.16% | View data |
| 8 | 8 Switzerland | 26,180 | 2023 | +16.6% | +4.06% | View data |
| 9 | 9 Japan | 24,340 | 2023 | +10.91% | -2.84% | View data |
| 10 | 10 Brazil | 23,450 | 2023 | +19.93% | +1.08% | View data |
Latest reports
US Tourism Market Report- Q4 2024
The US tourism industry experienced significant dynamism in the fourth quarter of 2024, driven by various economic, regulatory, and consumer behavior factors. This...
China Tourism Market Report- Q4 2024
In the fourth quarter of 2024, China's tourism industry continued its robust recovery, bolstered by strong domestic travel and innovative strategic initiatives. The...
Japan Tourism Market Report- Q4 2024
In the fourth quarter of 2024, Japan's tourism industry saw a robust recovery, with foreign visitor numbers reaching 33.37 million, surpassing pre-pandemic levels....
Germany Tourism Market Report- Q4 2024
In Q4 2024, Germany experienced a robust recovery in its tourism sector, driven by significant international interest and strategic initiatives across various segments....
India Tourism Market Report- Q4 2024
In Q4 2024, the Indian tourism industry experienced a dynamic shift, driven by varying market segments and external economic conditions. This period was...
UK Tourism Market Report- Q4 2024
The UK tourism industry in Q4 2024 demonstrates a dynamic environment shaped by technological advancements, economic pressures, and evolving consumer preferences. Key market...
France Tourism Market Report- Q4 2024
Q4 2024 has been a dynamic period for the tourism sector in France, characterized by evolving trends and significant regulatory developments that are...
Canada Tourism Market Report- Q4 2024
In the fourth quarter of 2024, the Canadian tourism industry shows a nuanced recovery, with a noticeable increase in domestic travel due to...
South Korea Tourism Market Report- Q1 2025
The first quarter of 2025 witnessed dynamic changes in the Tourism South Korea market, driven by various economic and geopolitical factors. Inbound tourism...
Australia Tourism Market Report- Q4 2024
The fourth quarter of 2024 showcased a dynamic period for the tourism industry in Australia, marked by significant trends in various sectors including...
