In 2023, Russia led with an international travel expenditure of 39.68 thousand euros. However, it experienced a slight decline of 0.4% year-on-year. Australia and Canada displayed growth, with expenditures of 35.61 and 34.97 thousand euros, respectively, marking increases of 2.59% and 3.63%. Japan saw a significant reduction of 4.9% with an expenditure of 13.32 thousand euros. New Zealand showed growth at 3.81% with an expenditure of 4.71 thousand euros. Over the past five years, trends demonstrate a compound annual growth rate indicating varied annual changes in these figures.
Future trends to watch include the impact of economic conditions and geopolitical factors, which could influence expenditure patterns. Enhanced connectivity and travel innovations might drive growth, particularly in technologically advanced regions. Monitoring shifts in consumer preferences and sustainability trends will be crucial for assessing future international travel expenditure trajectories.
Top countries in International Travel Expenditure by Country
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 39,680 | 2023 | -0.069% | -0.4% | View data |
| 2 | 2 Australia | 35,610 | 2023 | +2.44% | +2.59% | View data |
| 3 | 3 Canada | 34,970 | 2023 | +19.27% | +3.63% | View data |
| 4 | 4 Japan | 13,320 | 2023 | +13.63% | -4.9% | View data |
| 5 | 5 New Zealand | 4,710 | 2023 | +20.38% | +3.81% | View data |
