China leads global international spending for tourism with a significant expenditure of 308.13 billion USD, while the United Kingdom and France follow at 63.74 and 58.67 billion USD, respectively. The notable growth was seen in Egypt and Costa Rica, with year-on-year variations of 4.28% and 4.32%, pointing to emerging trends in these regions. Conversely, the United Kingdom and Latvia saw declines, indicating potential shifts in their tourism spending behavior.
Future trends to watch include the recovery of markets heavily impacted by geopolitical tensions and economic conditions. Additionally, emerging markets and increased digitization in tourism are expected to drive changes in spending patterns.
Top countries in International Spending for Tourism by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 308,130 | 2023 | +3.68% | +2.16% | View data |
| 2 | 2 United Kingdom | 63,740 | 2023 | -1.58% | -1.58% | View data |
| 3 | 3 France | 58,670 | 2023 | +0.88% | +0.23% | View data |
| 4 | 4 Australia | 44,340 | 2023 | +1.47% | +0.86% | View data |
| 5 | 5 Russia | 41,450 | 2023 | +1% | +1.34% | View data |
| 6 | 6 South Korea | 39,500 | 2023 | +2.46% | +2.59% | View data |
| 7 | 7 Switzerland | 20,550 | 2023 | +1.85% | +1.5% | View data |
| 8 | 8 Philippines | 13,930 | 2023 | +2.81% | +2.24% | View data |
| 9 | 9 Colombia | 6,380 | 2023 | +2.51% | +2.55% | View data |
| 10 | 10 New Zealand | 6,020 | 2023 | +1.66% | +1.1% | View data |
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