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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 | Feb 2016

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 offers insightful industry analysis and research into the market at an international level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Forecast
Revenue
$2tr
Annual Growth 11-16
5.5%
Annual Growth 16-21
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Profit
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Employment ('000)
62,339
Businesses
1,813,948
Industry Analysis & Industry Trends

The Global Tourism industry has experienced steady growth over the five years to 2016. 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, several factors, such as growing per capita disposable income and improving consumer sentiment, point toward strong tourism growth... read more

Industry SWOT Analysis

The Global Tourism industry is in a long term growth phase. Over the 10 years to 2021, industry value added, which measures an industry's contribution to the overall global economy, is expected to increase at an annualized 3.9%. This is faster than annualized global GDP growth of 3.6%. Over the long term, the industry is expected to outperform the global economy.

The industry has experienced continuing strong growth since at least the late 1980s. In some years in the early 2000s industry revenue grew at rates of well over 10.0%. When the global economy entered a recession in 2009, industry revenue declined heavily as international travel was one of the first expenses cut by nervous consumers... 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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