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Global Tourism: Market Research Report

Global Market Research • Global Market Size • Industry Statistics • Industry Analysis • Industry Trends

Global Tourism Market Research Report | Nov 2015

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Tourism global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report focuses on industry performance in key regions around the world and identifies the leading companies globally.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Forecast
Revenue
$2tr
Annual Growth 10-15
6.6%
Annual Growth 15-20
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Profit
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Employment ('000)
58,832
Businesses
1,722,905
Industry Analysis & Industry Trends

The Global Tourism industry has experienced steady growth over the five years to 2015. International tourist arrivals continue to grow, as global per capita income increases and consumer sentiment improves. In the coming years, the industry is expected to continue growing, as the global economy continues to strengthen. Despite some distressed areas due to conflicts or regional economic problems, a number of factors, such as growing per capita disposable income and improving consumer sentiment, point towards strong tourism growth... read more

Industry Investment

The Global Tourism industry has a moderate level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, industry operators will spend $0.15 in capital investment.

The industry relies heavily on labor inputs due to the high level of personal service that most operators must provide. Although technology has led to increased labor productivity over the long term, in many cases there is no substitute for labor with the services the industry provides. Markets such as the airlines sector have relatively higher capital costs and, therefore, a higher level of capital intensity. Operators that provide tourist accommodation, such as hotels, motels and resorts, can also be subject to significant capital costs such as buildings and fittings... read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Global Tourism Industry?

This report catalogues the short-term movement of international tourists across national borders for any purpose, including leisure, business, conference or seminar and visiting friends and relatives. In most cases the data represents travel across borders, with at least one night's stay in a foreign country. However, in some countries same-day trips across international borders are still counted as international trips.

Industry Products
Traveler accommodationsAir transportation Travel arrangement and reservationsFood and beverage establishmentsOther transport, including car rentalGasolineRecreation and entertainmentOther retail activities
 
Industry Activities
Traveler accommodation servicesAirline operationProviding hospitality services to international touristsAutomotive rentalTravel agent and tour arrangement services


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