In 2023, the direct contribution of tourism & hospitality industry to India's GDP was over 231 billion U.S. dollars. This was forecasted to be 523 billion U.S. dollars by 2034. India had the second highest tourism GDP contribution in Asia-Pacific. Ever-growing industry    Travel and tourism is one of India’s largest economic sectors, ranking eighth among the leading countries in terms of direct contribution to GDP. As a dynamic sector, it was estimated to provide employment to over 81 million people in 2018, including both direct and indirect employment. Even though a variety of skilled jobs are offered in this sector, employment under passenger transportation has been the highest through the years. Tourism as revenue machinery Most of the tourism revenue in India comes from domestic tourists. However, India has witnessed an exponential rise in foreign exchange earnings since 2000, along with an increased inflow of foreign tourists into the country. Even though India is not among the top ten countries with the highest foreign tourism revenue, it is not too far behind. In recent years, the government has implemented new visa policies and advertised niche tourism products to boost tourism.

The coronavirus (COVID-19) pandemic is causing a decrease in hotel occupancy rates in the United States. As a result, the hotel sector's contribution to GDP could also see a drop. If occupancy rates were to drop by ** percent in the U.S., this would potentially result in a loss of *** billion U.S. dollars being contributed by the hotel sector to GDP in 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

View quarterly updates and historical trends for US GDP - Contribution of Accommodation and Food Service Industries. from United States. Source: Bureau of…

In 2024, the total contribution of travel and tourism to the global gross domestic product (GDP) amounted to **** trillion U.S. dollars. This figure, which includes the direct, indirect, and induced impact of the global travel and tourism market, represented an increase in total contribution to GDP of *** percent over 2019. As forecast, the total contribution of the travel and tourism sector to the global GDP was expected to reach **** trillion U.S. dollars in 2025. Which countries record the highest travel and tourism contribution to GDP? GDP is the total value of all goods and services produced in a country in a year. It is considered an important indicator of a country's economic strength, and a positive change in GDP is a sign of economic growth. Both before and after the impact of COVID-19, the United States and China were by far the leading travel markets based on the total contribution of travel and tourism to GDP, followed by Germany, Japan, and the United Kingdom. What are the most visited countries in the world? In 2023, France was the country with the highest number of international tourist arrivals worldwide, welcoming 100 million international visitors. While the United States reported the third-highest number of inbound tourist arrivals that year, it was the destination with the highest international tourism receipts worldwide, ranking ahead of Spain and the United Kingdom.

In 2024, the contribution of hotel, restaurants, and bars to the gross domestic product (GDP) of the Dominican Republic amounted to around *** billion Dominican pesos. This figure represents an increase of approximately ** percent versus the previous year.

In 2024, the share of travel and tourism's total contribution to global gross domestic product (GDP) showed a decline of *** percentage points compared to 2019. Overall, the travel and tourism market represented ** percent of the global GDP in 2024. That year, the total contribution of travel and tourism to the global GDP amounted to almost ** trillion U.S. dollars. What is the contribution of travel and tourism to employment? In 2024, the total number of travel and tourism jobs worldwide exceeded pre-pandemic levels, with global travel and tourism employment surpassing *** million. This figure, which refers to jobs generated directly and indirectly by the travel and tourism sector, was forecast to grow further in 2025. How many people travel every year? After sinking in 2020 to the lowest point recorded since 1989, the number of international tourist arrivals worldwide caught up with pre-pandemic levels in 2024, reaching almost *** billion. Both before and after the impact of the COVID-19 pandemic, Europe was the global region with the highest number of international tourist arrivals.

The India Hospitality Market Segmented by Type (Chain Hotels, Independent Hotels, and Others), Accommodation Class (Luxury, Mid & Upper-Mid-Scale, and Others), Booking Channel (Direct Digital, Online Travel Agencies (OTAs), and Others), Geographic Region (North India, West India, and Others). The Market Forecasts are Provided in Terms of Value (USD).

The United Kingdom Hospitality Market Segments by Sector (Accommodation, Food and Beverage Service Establishments, and More), by Service Model (Full-Service, Limited / Budget and More), by End-User (Leisure Travellers, Business Travellers and More), by Booking Channel (Direct, Online Travel Agencies, and More), by Ownership Model (Independent Operators and Chain / Branded), by Geography.

United States GDP Nowcast: saar: YoY: Contribution: Labour Market: Private Sector Payroll: sa: Leisure & Hospitality data was reported at 2.437 % in 12 May 2025. This records a decrease from the previous number of 2.437 % for 05 May 2025. United States GDP Nowcast: saar: YoY: Contribution: Labour Market: Private Sector Payroll: sa: Leisure & Hospitality data is updated weekly, averaging 2.941 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 9.069 % in 18 May 2020 and a record low of 0.287 % in 25 Mar 2019. United States GDP Nowcast: saar: YoY: Contribution: Labour Market: Private Sector Payroll: sa: Leisure & Hospitality data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

In 2024, the direct and indirect contribution of travel and tourism to the United Kingdom's gross domestic product (GDP) was *** percent higher than in 2019, the year prior to the onset of the coronavirus (COVID-19) pandemic. Overall, these industries' total contribution to the country's GDP amounted to roughly *** billion British pounds in 2024. Has tourism in the UK recovered from the impact of COVID-19? While inbound resident visits to the UK dropped to just above ***** million in 2021 - the lowest figure reported in *** decades - the volume of inbound tourist visits to the United Kingdom rebounded in 2022, and grew to ** million in 2023. International arrivals, however, remained below pre-pandemic levels. Similarly, while outbound tourist visits from the UK experienced around a ******** increase in 2022 compared to the previous year, the country still reported around ***** million fewer trips abroad in 2023 than in 2019. What are the favorite holiday destinations among Britons? Either before or after the impact of the health crisis, vacationing remained the main travel purpose for outbound visits from the UK. In 2023, ***** was the most visited holiday destination by UK travelers, followed by *************************.

The total contribution of tourism to Canada's gross domestic product (GDP) varied by industry from 2010 to 2024. The Canadian accommodation industry contributed to over ** billion Canadian dollars to the country's economy in 2024.

South Korea GDP Nowcast: sa: YoY: Contribution: Business Cycle Indicators: SAI: sa: Accommodation & Restaurant (AR) data was reported at 0.000 % in 01 Dec 2025. This stayed constant from the previous number of 0.000 % for 24 Nov 2025. South Korea GDP Nowcast: sa: YoY: Contribution: Business Cycle Indicators: SAI: sa: Accommodation & Restaurant (AR) data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 01 Dec 2025, with 361 observations. The data reached an all-time high of 10.313 % in 17 Aug 2020 and a record low of 0.000 % in 01 Dec 2025. South Korea GDP Nowcast: sa: YoY: Contribution: Business Cycle Indicators: SAI: sa: Accommodation & Restaurant (AR) data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s South Korea – Table KR.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

The Sri Lanka Hospitality Market Report is Segmented by Type (Chain Hotels, Independent Hotels), Accommodation Class (Luxury, Mid & Upper-Mid-Scale, and Other), Booking Channel (Direct Digital, Otas, Corporate/MICE, Wholesale & Traditional Agents), and Geography (Colombo & Western Province, Southern Coast, Central & Hill Country, and Other Regions). The Market Forecasts are Provided in Terms of Value (USD).

The Tourism industry in Australia is well-developed and a critical contributor to national employment and GDP. Industry revenue consists of international and domestic expenditure on an array of tourism-related products and services. The industry faced an extreme downturn in 2019-20 and 2020-21 due to the pandemic, severely impacting both international and domestic tourism. Government restrictions led to a drop in revenue and employment. However, government assistance, such as wage subsidies, mitigated some effects of this demand collapse, aiding in maintaining enterprise, establishment and employment figures. In 2022, the industry rebounded rapidly following the easing of restrictions. Both domestic and international travel surged, leading to double-digit growth rates in revenue and stronger pricing power for airlines and hospitality businesses. State governments helped revive the industry by extending stimulus packages, which resulted in the re-establishment of healthy industrywide profit margins in 2022-23. Between 2021-22 and 2023-24, relative growth in spending by business and government travellers outpaced the increase from domestic leisure travellers. Factors like high inflation, increased airfares and financial pressure on households slowed the growth of domestic leisure travel. However, less price-sensitive business and government travellers remained largely unaffected. International tourism has also significantly increased since 2021-22. However, growth has stalled since 2023-24, as international traveller inflows have approached pre-pandemic benchmarks. The demand for luxury tourism has surged, supporting industry profitability. However, increased competition and slowing revenue growth in 2024-25 have led to a slight contraction in profitability, a trend that will continue into the following years. Despite the turbulent period, the strong recovery in demand in recent years has contributed to an estimated annualised hike in revenue of 5.0% over the five years through 2024-25. With demand approaching pre-pandemic levels, growth has started to taper, with revenue edging up by an expected 0.8% in the current year, to reach $200.5 billion. The outlook for tourism is promising. International tourism is set to strengthen beyond pre-pandemic levels, while substantial investment in the growing luxury tourist economy will bring more wealthy tourists to Australian shores. Cost-of-living pressures that have affected local households will ease over the coming years. At the same time, the accessibility of price comparison tools from online booking services will promote lower prices for domestic consumers, bolstering domestic tourism numbers. Overall, industry revenue is forecast to expand at an annualised rate of 2.3% through 2029-30, to $224.9 billion.

In 2024, accommodation and food service activities in Ghana contributed around 4.3 billion Ghanaian cedis (GHS), roughly 413.3 million U.S. dollars, to the country's gross domestic product (GDP). This represented an increase from the preceding year. Within the period reviewed, a peak of nearly six billion GHS was registered in 2019, which continued the rising trend observed from 2014. Overall, the total consumer spending on restaurants and hotels in Ghana was projected to gradually increase.

Tourism Satellite Account Analytics Market Outlook

According to our latest research, the global Tourism Satellite Account Analytics market size reached USD 1.87 billion in 2024 and is anticipated to grow at a robust CAGR of 12.4% during the forecast period, reaching a projected value of USD 5.36 billion by 2033. This impressive growth trajectory is primarily driven by the increasing demand for actionable insights into tourism’s economic impact, the rising need for data-driven policy formulation, and the digitalization of tourism management systems worldwide. As per our latest research, the market continues to benefit from heightened government focus on sustainable tourism and the proliferation of advanced analytics solutions tailored to the needs of tourism stakeholders.

One of the primary growth factors fueling the expansion of the Tourism Satellite Account Analytics market is the global tourism sector’s ongoing digital transformation. As tourism destinations compete for visitors and investment, the necessity for accurate, real-time data has never been greater. The integration of big data, artificial intelligence, and machine learning technologies into satellite account analytics platforms enables stakeholders to extract granular insights into tourist behavior, expenditure patterns, and regional economic contributions. Additionally, the increasing adoption of smart tourism initiatives and the proliferation of digital touchpoints across the travel ecosystem are generating vast data sets, which further underscores the need for sophisticated analytics solutions. This digital shift is empowering tourism authorities and businesses to make informed decisions, optimize resource allocation, and tailor offerings to evolving traveler preferences.

Another significant driver is the growing emphasis on evidence-based policy formulation and performance monitoring by government agencies and tourism boards. With the tourism industry’s contribution to GDP and employment becoming a critical metric for economic planning, governments globally are investing in advanced analytics tools to capture, analyze, and report tourism’s direct and indirect impacts. Tourism Satellite Account Analytics platforms provide a standardized methodology for assessing the sector’s economic footprint, enabling policymakers to design targeted interventions, evaluate the efficacy of marketing campaigns, and monitor the sustainability of tourism growth. This trend is particularly pronounced in regions where tourism is a cornerstone of the economy, such as Asia Pacific, Europe, and parts of the Middle East, driving sustained demand for analytics solutions.

Furthermore, the rising complexity of the tourism value chain and the diversification of tourism products have accentuated the need for comprehensive analytics. Travel and hospitality companies, research organizations, and destination management entities are increasingly leveraging Tourism Satellite Account Analytics to measure performance, benchmark against competitors, and identify emerging trends. The integration of these analytics platforms with customer relationship management (CRM) systems, booking engines, and social media monitoring tools allows stakeholders to gain a 360-degree view of the tourism landscape. This holistic approach not only enhances operational efficiency but also supports the development of innovative products and experiences tailored to niche market segments. As competition intensifies and traveler expectations evolve, the ability to harness actionable insights from satellite account analytics will be a key differentiator for industry players.

From a regional perspective, the Asia Pacific region is emerging as a powerhouse in the Tourism Satellite Account Analytics market, driven by rapid tourism growth, significant investments in digital infrastructure, and supportive government initiatives. North America and Europe continue to lead in terms of technology adoption and market maturity, while Latin America and the Middle East & Africa are witnessing accelerating uptake as tourism becomes increasingly central to their economic diversification strategies. The regional dynamics are further shaped by varying levels of digital readiness, regulatory frameworks, and the degree of collaboration between public and private sector stakeholders. As the market evolves, regional leaders are expected to set benchmarks in analytics-driven tourism management, influencing global best practices and standards.

Component Analysis

The total contribution of travel and tourism to Denmark's gross domestic product (GDP) in 2023 amounted to over 180 billion Danish kroner, which was an increase from 2021 with 65.6 billion. It was also an increase from the pre-pandemic period.

The share of the tourism sector in the Mexican gross domestic product decreased to *** percent in 2023, reversing the two-year increase recorded previously. In total, this sector contributed roughly *** trillion Mexican pesos to the country's GDP in that year.

Discover the booming Saudi Arabia prefab wood buildings market! This in-depth analysis reveals a CAGR exceeding 4%, driven by Vision 2030 and surging demand for sustainable construction. Explore market size, key players, and future growth projections for CLT, NLT, DLT, and GLT panels in residential, commercial, and hospitality sectors. Key drivers for this market are: Increase in GDP contribution from Construction Industry, Increase in Number of Building Permits. Potential restraints include: High Initial Investments. Notable trends are: The Growing Hospitality Sector is Driving the Market.

The tourism industry contributed *** percent to the gross domestic product (GDP) in the Philippines in 2024. This indicated an increase from just over **** percent during the COVID-19 pandemic years. However, it was still lower than the pre-pandemic GDP share.