Space tourism refers to the opportunity of traveling to space for leisure purposes. This industry includes different segments, such as orbital, suborbital, and parabolic flights. The estimated revenue of the orbital space tourism and travel market, focusing on developing a form of tourism around the Earth's orbit, amounted to roughly 385 million U.S. dollars in 2021. This figure was forecast to reach roughly 555 million U.S. dollars by 2030.

According to a Statista study on luxury travel and tourism published in March of 2021, China registered the largest internal tourism revenue among the trending travel destinations in 2020. With about 927 billion U.S. dollars, the Asian country surpassed the internal tourism revenue in the United States by more than 300 billion U.S. dollars. This pattern is anticipated to continue in 2024, however, all the listed trending travel destinations are projected to generate far higher revenues in that year than they did in 2020. This expected global revenue growth in tourism is attributed to the pent-up demand to travel being released as travel restrictions related to the COVID-19 are lifted in the years succeeding 2020.

In 2023, the share of revenues from domestic travel spending to the total tourism revenue was around 86 percent in India. The share of foreign visitor spending, has increased to 14 percent in 2023. Incredible India’s booming tourism India's tourism offers experiences ranging from cultural and religious sites to wellness tourism and destination weddings. The industry contributes to a significant amount of the country's GDP. Of the international tourist arrivals, the United States of America was the largest source of foreign tourists. It is likely that most of these were non-resident Indians or diaspora. Bangladesh and United Kingdom rounded off the top three FTAs into India. Domestic push and revenge tourism The tourism market in India has been experiencing steady growth in recent years, driven by a combination of factors. Initiatives such as 'Swadesh Darshan' and 'Incredible India' by the government, combined with increasing disposable income, have boosted domestic tourism. Moreover, ‘revenge tourism’ has gained popularity in India, particularly following the COVID-19 pandemic, as people seek to make up for lost travel experiences and show resilience. The majority of tourism revenue comes from domestic tourists, the revenue in this sector was projected to continue increasing from 2024 to 2029, indicating a promising outlook for the segment.

In 2024 , tourism expenditures amounted to € 110.11 Bn. and tourism revenues to € 37.06 Bn. in Germany. Further data and statistics on travel duration, travel intensity, number of vacation trips and vacation travelers as well as their expenditures up to the year 2000. Travel market statistics (revenue, expenditure, travel duration, travel intensity, travelers & vacations etc.) with interactive charts incl. download. Dashboard, data, KPIs & more .. ITOMA.IO - The IT & Tourism Experts

According to Cognitive Market Research, the global Outbound Tourism market size will be USD 17518.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 7007.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5255.46 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4029.19 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 875.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 350.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.
The Business is the fastest growing segment of the Outbound Tourism industry

Market Dynamics of Outbound Tourism Market

Key Drivers for Outbound Tourism Market

Increasing Economic Growth to Boost Market Growth

As nations experience monetary increases, growing disposable earnings offer individuals and families extra financial flexibility. This increase in wealth permits more people to interact in international travel, as they are able to come up with the money for flights, accommodations, and activities overseas. Enhanced financial conditions regularly lead to advanced infrastructure, better connectivity, and a much wider variety of journey alternatives, in addition to encouraging tourism. Additionally, as extra residents tour internationally, cultural trade will increase, fostering worldwide expertise and cooperation. Ultimately, the economic boom no longer best boosts journey opportunities; however additionally enriches tour enjoyment, making it more handy to a broader segment of the population.

Technological Advancements to Drive Market Growth

Technological advancements, mainly the upward push of the internet, have transformed travel-making plans right into a more accessible and fee-effective process. Online systems allow travelers to effortlessly compare flight costs, discover various lodging options, and find out about sports at their locations, all from the comfort of their homes. Booking engines and tour apps provide immediate get entry to deals and actual-time availability, empowering users to make informed choices. Additionally, social media and overview websites permit tourists to proportion stories and pointers, in addition to improving the decision-making technique. Overall, the internet has democratized travel planning, making it simpler for anybody to explore the sector.

Restraint Factor for the Outbound Tourism Market

Economic Downturns, will Limit Market Growth

During economic downturns, outbound tourism regularly studies a sizable decline as individuals and families reduce discretionary spending to control tighter budgets. With rising unemployment quotes and uncertainty about their destiny, travel will become a luxury many pick to forgo. People might also opt for home holidays or staycations in place of worldwide trips main to a lower call for flights, resorts, and travel offerings. Additionally, agencies may scale back on corporate travel, further impacting the tourism industry. This discount in outbound tourism could have a cascading impact on economies reliant on travel, leading to job losses and reduced revenues in the zone.

Impact of Covid-19 on the Outbound Tourism Market

The COVID-19 pandemic significantly impacted the outbound tourism marketplace, leading to unparalleled declines in global journeys. Lockdowns, tour regulations, and fitness issues led to flight cancellations and resort closures, inflicting a sharp drop in calls. Many tourists postponed or canceled trips, even as others shifted to nearby or domestic tourism. The industry faced tremendous revenue losses, mainly due to layoffs and financial challenges for airways, lodges, and excursion operators. Recovery has been sluggish, with ongoing uncertainty affecting consumer confidence in travel. Introduction of the Outbound Tourism Market

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Graph and download economic data for Air Revenue Passenger Miles (AIRRPMTSID11) from Jan 2000 to Dec 2024 about miles, passenger, air travel, travel, revenue, and USA.

Tourism Revenues in the United States increased to 22334 USD Million in January from 22255 USD Million in December of 2024. This dataset provides - United States Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Revenue in the Travel Agencies industry is expected to contract at a compound annual rate of 9.1% over the five years through 2024 to €86 billion. The main driver of this drop is the plunge in travel demand during 2020 and 2021, when COVID-19 outbreak grounded flights and confined people to their homes. While domestic travel could continue in some countries, most travel agencies had no trips to sell. Since restrictions were lifted across Europe and globally (which happened at each country’s own pace), the travel sector has seen a resurgence in demand in a trend characterised as revenge travel, with people making up for lost time by taking more trips since COVID-19 restrictions have been lifted. International travel to Europe has also resurged, especially from the US, thanks to the more favourable dollar-to-Europe rate – a welcome trend for agencies. Pent-up demand combined with savings built up during COVID-19 has kept bookings high, defying high inflation across Europe that would usually signal lower trip spending. As a result, revenue is expected to mount by 0.6% in 2024. That being said, the Russia-Ukraine war has plagued tourism in Eastern Europe, with countries like Finland and the Baltic states continuing to record much lower tourist numbers than pre-pandemic because of fewer Russian tourists and lower travel confidence to the region. Revenue is anticipated to climb at a compound annual rate of 4% in the five years through 2029 to €104.6 billion. Online travel agencies will continue to cement their position in the industry as a disruptive force, with most traditional agencies adapting by now or already closed. Climate change will disrupt travel agencies and the destination packages they offer. 2023 already saw wildfires across Greece that spelt disaster for many trips and travel agencies will need to plan for the shift from southern European beaches to northern European destinations as temperatures rise. Travel agencies across Europe will also keep trying to carve out more of a niche by specialising in trips for certain age demographics.

The coronavirus (COVID-19) pandemic hit the tourism industry hard in 2020, with emergency measures adopted by many governments massively disrupting international travel. As a result, it was estimated that the United States recorded a tourism revenue loss of roughly 147 billion U.S. dollars between January and October 2020. Meanwhile, Spain reported the second-highest drop in tourism revenue, losing about 46.7 billion U.S. dollars over the period considered.

Europe educational tourism sales revenue totaled US$ 92.1 billion in 2022. From 2023 to 2033, education tourism demand in Europe is projected to rise at an impressive CAGR of 15.0%. Accordingly, Europe education tourism market size is expected to expand from US$ 107.9 billion in 2023 to US$ 436.5 billion by 2033.

Attribute	Key Insights
Europe Educational Tourism Market Value (2022)	US$ 92.1 billion
Estimated Market Size (2023)	US$ 107.9 billion
Projected Market Value (2033)	US$ 436.5 billion
Value-based CAGR (2023 to 2033)	15.0%

How Has the Market Progressed So Far in 2023?

Market Statistics	Details
Jan to Jun (H1), 2021 (A)	14.3%
Jul to Dec (H2), 2021 (A)	14.5%
Jan to Jun (H1), 2022 Projected (P)	14.4%
Jan to Jun (H1), 2022 Outlook (O)	15.8%
Jul to Dec (H2), 2022 Outlook (O)	16.1%
Jul to Dec (H2), 2022 Projected (P)	14.6%
Jan to Jun (H1), 2023 Projected (P)	15%
BPS Change: H1, 2022 (O) to H1, 2022 (P)	(+) 144
BPS Change: H1, 2021 (O) to H1, 2022 (A)	(-) 158
BPS Change: H2, 2022 (O) to H2, 2022 (P)	(+) 146
BPS Change: H2, 2021 (O) to H2, 2022 (P)	(-) 161

Scope of Report

Attribute	Details
Estimated Market Value (2023)	US$ 107.9 billion
Projected Market Value (2033)	US$ 436.5 billion
Anticipated Growth Rate (2023 to 2033)	15.0% CAGR
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ Billion for Value
Key Countries Covered	United Kingdom Germany France Spain Italy Other
Key Segments Covered	Age Group Education Type Type of Occupation Course Type
Key Companies Profiled	American Dog Meridean Overseas GVI Company EF Educational Tours AAI Edutourz ACIS Educational Tours Qadri International Education Consultancy Intelligent Partners Futures Abroad Education Zone Stratix Consultants ACE CULTURAL TOURS ATG Travel Others (as requested)
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Revenue in the Travel Agencies industry is expected to contract at a compound annual rate of 9.1% over the five years through 2024 to €86 billion. The main driver of this drop is the plunge in travel demand during 2020 and 2021, when COVID-19 outbreak grounded flights and confined people to their homes. While domestic travel could continue in some countries, most travel agencies had no trips to sell. Since restrictions were lifted across Europe and globally (which happened at each country’s own pace), the travel sector has seen a resurgence in demand in a trend characterised as revenge travel, with people making up for lost time by taking more trips since COVID-19 restrictions have been lifted. International travel to Europe has also resurged, especially from the US, thanks to the more favourable dollar-to-Europe rate – a welcome trend for agencies. Pent-up demand combined with savings built up during COVID-19 has kept bookings high, defying high inflation across Europe that would usually signal lower trip spending. As a result, revenue is expected to mount by 0.6% in 2024. That being said, the Russia-Ukraine war has plagued tourism in Eastern Europe, with countries like Finland and the Baltic states continuing to record much lower tourist numbers than pre-pandemic because of fewer Russian tourists and lower travel confidence to the region. Revenue is anticipated to climb at a compound annual rate of 4% in the five years through 2029 to €104.6 billion. Online travel agencies will continue to cement their position in the industry as a disruptive force, with most traditional agencies adapting by now or already closed. Climate change will disrupt travel agencies and the destination packages they offer. 2023 already saw wildfires across Greece that spelt disaster for many trips and travel agencies will need to plan for the shift from southern European beaches to northern European destinations as temperatures rise. Travel agencies across Europe will also keep trying to carve out more of a niche by specialising in trips for certain age demographics.

This map shows which areas have concentrations of high risk businesses and potential loss of sales revenue in the event of an economic downturn. Areas in yellow have a higher concentration of sales revenue in one or more of the five categories (by NAICS code): Clothing/Accessory stores, General Merchandise stores, Arts/Entertainment/Recreation, Accommodation, and Food Service/Drinking Places. The popup breaks down total sales revenue by area, sales revenue as a percentage of total by area, percent of businesses for the area, and sales revenue by category. Data is 2019 vintage and available by county, tract, and block group. Overall, in the US, these 5 categories make up 7.11% of total sales revenue.Esri's Business Summary Data: Esri's Business Locations data is extracted from a comprehensive list of businesses licensed from Infogroup. It summarizes the comprehensive list of businesses from Infogroup for select NAICS and SIC summary categories by geography and includes total number of businesses, total sales, and total number of employees for a trade area.Esri's U.S. 2019 Data: Population, age, income, race, home value, spending, business, and market potential are among the topics included in the data suite. Each year, Esri's Data Development team employs its proven methodologies to update more than 2,000 demographic variables for a variety of U.S. geographies. To browse, all data variables available within Esri's demographics explore the Data Browser. Additional Esri Resources:Get StartedEsri DemographicsU.S. 2019 Esri Updated DemographicsBusiness Summary DataMethodologies

The food tourism market is expected to be US$ 999,033.40 million in 2023 and US$ 4,112,489.40 million by 2033. The food tourism sector industry is to develop at a CAGR of 15.20% from 2023 to 2033.

Market HCAGR (From 2018 to 2022)	13.60%
Market Size - 2018	US$ 519,829.40 million
Market Size - 2022	US$ 865,713.50 million

Market CAGR (From 2023 to 2033)	15.20%
Market Size - 2023	US$ 999,033.40 million
Market Size - 2033	US$ 4,112,489.40 million

Country - Wise Insights

Attribute	Details
North America Market Share - 2023	22.30%
United States Market Share - 2023	18.30%
Australia Market Share - 2023	2.30%

Attribute	Details
Japan Market Share - 2023	4.90%
China Market CAGR (From 2023 to 2033)	16.30%
India Market CAGR (From 2023 to 2033)	18.30%

Attribute	Details
Europe Market Share - 2023	29.40%
Germany Market Share - 2023	8.40%
United Kingdom Market CAGR (From 2023 to 2033)	10.50%

Category - Wise Insights

Category	Activity type
Leading Segment	Restaurants
Market Share	58.40%

Category	Booking Channel
Leading Segment	Online Booking
Market Share	40.20%

Key information about India Tourism Revenue

• India's Tourism Revenue reached 4 USD bn in Dec 2024, compared with 3 USD bn in the previous month
• India's Tourism Revenue data is updated monthly, available from Jan 2001 to Dec 2024
• The data reached an all-time high of 3,858 USD mn in Dec 2024 and a record low of 9 USD mn in Apr 2020

The Ministry of Tourism provides monthly Tourism Revenue in USD.

This chart offers a detailed view of the estimated sales amounts for Travel stores across different regions. In United States, the sales figures are particularly impressive, with the region generating $27.52B, which accounts for 42.89% of the total sales in this category. United Kingdom follows with robust sales, totaling $7.23B and representing 11.27% of the overall sales. Unknown also contributes significantly to the market with sales amounting to $1.58B, making up 2.46% of the total. These numbers not only illustrate the economic vitality of each region in the Travel market but also highlight regional consumer preferences and spending power.

Due to the global restrictions imposed on travel and tourism to tackle the COVID-19 pandemic, the internal tourism revenues of selected trending travel countries plunged in 2020, according to a Statista study on luxury tourism. Out of these countries, Germany experienced the sharpest fall that year, estimated at nearly -66 percent. Nonetheless, the European country is also expected to see the highest growth among all listed countries in 2021 to 2023. Overall, the recovery of the tourism sector in these destinations could be be quick after 2020 as COVID-19 restrictions are lifted and the pent-up demand to travel can be released.

The chart provides an insightful analysis of the estimated sales amounts for Travel stores across various platforms. WooCommerce stands out, generating a significant portion of sales with an estimated amount of $24.11B, which is 37.57% of the total sales in this category. Following closely, Custom Cart accounts for $23.27B in sales, making up 36.26% of the total. Shopify also shows notable performance, contributing $6.42B to the total sales, representing 10.00%. This data highlights the sales dynamics and the varying impact of each platform on the Travel market.

The number of international tourist arrivals worldwide increased significantly in 2024 over the previous year, nearly catching up with pre-pandemic levels. After declining with the onset of the COVID-19 pandemic to roughly 406 million, the lowest figure recorded since 1989, global inbound tourist arrivals exceeded 1.4 billion in 2024, being just 1.3 percent lower than in 2019. Europe is the most popular destination for international tourism Europe is the global region that attracts the highest number of international tourists. In 2024, inbound tourist arrivals in Europe exceeded pre-pandemic levels, totaling almost 750 million. Within this region, Southern and Mediterranean Europe was the most popular area for international tourism, recording over 300 million arrivals in 2024. How big is the global travel and tourism market? According to Statista Mobility Market Insights, the global travel and tourism market's revenue – including hotels, package holidays, vacation rentals, and camping – amounted to nearly 880 billion U.S. dollars in 2023, recovering from the impact of COVID-19. Breaking down travel and tourism's revenue worldwide by sales channels reveals that the online channel generated over two-thirds of the global transactions' value that year.

Our travel datasets provide extensive, structured data covering various aspects of the global travel and hospitality industry. These datasets are ideal for businesses, analysts, and developers looking to gain insights into hotel pricing, short-term rentals, restaurant listings, and travel trends. Whether you're optimizing pricing strategies, analyzing market trends, or enhancing travel-related applications, our datasets offer the depth and accuracy you need.

Key Travel Datasets Available:

  Hotel & Rental Listings: Access detailed data on hotel properties, short-term rentals, and vacation stays from platforms like 
    Airbnb, Booking.com, and other OTAs. This includes property details, pricing, availability, guest reviews, and amenities.

  Real-Time & Historical Pricing Data: Track hotel room pricing, rental occupancy rates, and pricing trends 
    to optimize revenue management and competitive analysis.

  Restaurant Listings & Reviews: Explore restaurant data from Tripadvisor, OpenTable, Zomato, Deliveroo, and Talabat, 
    including restaurant details, customer ratings, menus, and delivery availability.

  Market & Trend Analysis: Use structured datasets to analyze travel demand, seasonal trends, and consumer preferences 
    across different regions.

  Geo-Targeted Data: Get location-specific insights with city, state, and country-level segmentation, 
    allowing for precise market research and localized business strategies.



Use Cases for Travel Datasets:

  Dynamic Pricing & Revenue Optimization: Adjust pricing strategies based on real-time market trends and competitor analysis.
  Market Research & Competitive Intelligence: Identify emerging travel trends, monitor competitor performance, and assess market demand.
  Travel & Hospitality App Development: Enhance travel platforms with accurate, up-to-date data on hotels, restaurants, and rental properties.
  Investment & Financial Analysis: Evaluate travel industry performance for investment decisions and economic forecasting.



  Our travel datasets are available in multiple formats (JSON, CSV, Excel) and can be delivered via 
  API, cloud storage (AWS, Google Cloud, Azure), or direct download. 
  Stay ahead in the travel industry with high-quality, structured data that powers smarter decisions.

Hotels and short-term accommodation providers in Europe enjoy strong demand due to the continent’s well-developed tourism sector and significant number of holiday destinations that cater to various consumer needs. European residents often holiday domestically or go on trips to other European countries due to how quick and easy it is to travel to them. Rising domestic and international tourism fuelled accommodation demand prior to the COVID-19 outbreak, but travel restrictions then decimated revenue. Revenue is slated to contract at a compound annual rate of 9.5% over the five years through 2024 to €187.9 billion, including an expected 3.2% drop in 2024. Despite the numerous popular holiday spots spread across Europe, including Spain, Italy and France, hotels and other holiday accommodation providers weren’t prepared for the catastrophic drop in tourism caused by the COVID-19 pandemic. Strict restrictions on international travel decimated tourist numbers, with holiday accommodation sites forced to close for long periods in 2020. The easing of travel restrictions in 2021 and 2022 drove revenue back up, supported mostly by heightened domestic tourism due to heightened consumer confidence and a trend towards staycations. Since 2022, though, severe inflation and heightened economic and geopolitical uncertainty have squeezed consumers’ budgets and made them less confident of their financial prospects confidence, limiting spending on holidays. European hotels and short-term accommodation providers faces intense competition, putting pressure on prices and RevPAR. The growing popularity of online booking platforms like Airbnb has played a big part in increasing competitive pressures. To attract potential guests, accommodation providers are adopting dynamic pricing strategies and investing in enhancing the customer experience through innovation and differentiation. Revenue is forecast to swell at a compound annual rate of 2.9% over the five years through 2029 to €217 billion. A mounting number of international guests and strong demand for domestic holidays will drive growth. As consumer confidence improves and inflation edges back down to more normal levels, disposable income will climb, stimulating holiday spending. Hotels and short-term accommodation providers will continue to face competitive pressures as the popularity of short-term rental platforms grows, hindering revenue and profit.