The global customisation and personalisation in travel market size is expected to reach US$ 620.71 Million in 2032. The customisation and personalisation in travel market is growing rapidly.

As per FMI Analysts, the global customisation and personalisation in travel market is estimated to be valued at US$ 126.56 Million in 2022 and is projected to increase at a CAGR of 17.8% in the forecast period from 2022 to 2032.

Report Scope

The market size of the online travel industry worldwide increased sharply in 2023 compared to the previous year. After falling to 226 billion U.S. dollars with the onset of the COVID-19 pandemic, the online travel market's global revenue bounced back in 2022, then grew further in 2023, exceeding 600 billion U.S. dollars. This figure was expected to grow steadily in the following years, reaching an estimated 838 billion U.S. dollars by 2029. What are the leading online travel companies worldwide? When looking at the market capitalization of leading online travel companies worldwide, Booking Holdings reported the highest figure in 2024, ahead of Airbnb and Trip.com Group. The firm, which owns brands like Booking.com, Kayak, and Priceline, also topped the ranking of the leading online travel agencies (OTAs) worldwide based on revenue in 2023. Expedia Group, which operates brands like Expedia, Hotels.com, and Vrbo, reported the second-highest revenue that year. How big is the global travel and tourism market? According to Statista Market Insights, the travel and tourism market’s revenue worldwide – including hotels, package holidays, vacation rentals, camping, and cruises – amounted to almost 880 billion U.S. dollars in 2023. When breaking down global travel and tourism revenue by sales channels, the leading role played by the online market is clear, with online transactions generating over two-thirds of total sales value.

Valued at US$ 10.5 Trillion in 2022, the global tourism market is expected to develop at a CAGR of 5% over the next ten years. By the end of this forecast year in 2032, analysts anticipate the tourism market size would be worth US$ 17.1 Trillion.

Embark on a journey through the opulent realm of luxury travel, where every experience is a masterpiece crafted to indulge the senses. Future Market Insights presents an alluring forecast. In 2024, the current valuation of the market is US$ 2.26 trillion. By 2034, this market is forecasted to burgeon into a blazing inferno, with a valuation of US$ 4.24 trillion, fostering a moderate CAGR of 6.5%.

Historical Insights into the Luxury Travel Market's Performance

Category-wise Insights

Country-wise Insights

Report Scope

Global Tourism Market size was worth around $11.39 trillion in 2023 and is predicted to grow to around $18.44 trillion by 2032 with a CAGR of 5.5%.

The global business travel market was worth approximately 700 billion U.S. dollars in 2020, according to data published by Allied Market Research. This value is expected to grow by 188 percent in 2028.

The global luxury travel market size was estimated at USD 1.39 trillion in 2023 and is expected to grow at a CAGR of 6.6% from 2024 to 2032.

The global sustainable tourism market value is estimated to be US$ 1,511,465.9 million in 2024 according to the updated industry analysis report. Consequently, the share of the global sustainable tourism industry in the parent market (travel and tourism industry) is estimated to be at 2% to 5%.

Global Sustainable Tourism Market Historical Analysis Vs Forecast Outlook

Mobile Application Testing Solution MarketMobile Application Testing Solution Market

Category-wise Insights

GlobalData’s "Tourism Source Market Insights: United States of America", provides a thorough insight into the US's domestic and outbound tourism industry. The report shades light into the profiles of US tourists and summarizes the key reasons why Americans travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the US outbound travel market. Read More

Luxury Travel Market size is estimated to be valued at US$ 241.4 Bn in 2022 and is expected to expand at a CAGR of 7.80%, reaching US$ 440.4 Bn by 2030.

The sales channel distribution share of online sales concerning the 'Travel & Tourism' market in Vietnam was forecast to continuously increase between 2024 and 2029 by in total 7.5 percentage points. After the ninth consecutive increasing year, the sales channel distribution share is estimated to reach 66.03 percent and therefore a new peak in 2029. Notably, the sales channel distribution share of online sales concerning the 'Travel & Tourism' market was continuously increasing over the past years.Find more in-depth information regarding the revenue concerning the vacation rentals segment of the travel & tourism market in Switzerland and the revenue concerning the package holidays segment of the travel & tourism market in Austria. The Statista Market Insights cover a broad range of additional markets.

Over the forecast period until 2029, the number of users is forecast to exhibit fluctuations among the five segments. Overall, the number of users appears to follow a positive trend, as there are more increasing values than decreasing values expected in the individual segments until 2029. Among them, the segment Hotels achieves the relatively highest value throughout the entire period, reaching 29.22 million users. Find other insights concerning similar markets and segments, such as a comparison of average revenue per user (ARPU) in the Philippines and a comparison of revenue in Asia. The Statista Market Insights cover a broad range of additional markets.

Leisure Travel Market was valued at USD 4,405.5 Bn in 2021 and is projected to reach USD 6,347.8 Bn by 2027, growing at a CAGR of 5.7% during the forecast period.

Luxury Travel Market is anticipated to experience a steady 6.6% CAGR, ultimately attaining a market size of USD $2.46 Trillion by the end of 2032, according to market forecasts.

The revenue in the travel & tourism market in Japan was forecast to continuously increase between 2024 and 2029 by in total 7.6 billion U.S. dollars (+17.93 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 49.94 billion U.S. dollars and therefore a new peak in 2029. Find further information concerning the number of users in the 'Camping' segment of the travel & tourism market in Malaysia and the revenue in the 'Vacation Rentals' segment of the travel & tourism market in the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

[225+ Pages Report] The global Online Travel market size is expected to grow from USD 354.25 billion in 2021 to USD 1835.7 billion by 2028, at a CAGR of 14.9% from 2022-2028

Incentive Travel Market valuation is estimated to reach USD 49.33 Bn in 2025 and is anticipated to grow to USD 100.56 Bn by 2032 with steady CAGR of 10.7%.

GlobalData’s "Tourism Source Market Insights: UK", provides a thorough insight into the UK's domestic and outbound tourism industry. The report shades light into the profiles of UK tourists and summarizes the key reasons why the British travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the UK outbound travel market. Read More

The number of users in the travel & tourism market in Mexico was forecast to continuously increase between 2024 and 2029 by in total 12.9 million users (+26.37 percent). After the ninth consecutive increasing year, the number of users is estimated to reach 61.85 million users and therefore a new peak in 2029. Find more key insights for the number of users in countries and regions like the ARPU in the travel & tourism market in Germany and the revenue in the 'Hotels' segment of the travel & tourism market in the world. The Statista Market Insights cover a broad range of additional markets.

The size and share of the market is categorized based on Type (Online Travel Agencies, Direct Travel Suppliers) and Application (Transportation, Travel Accommodation, Vacation Packages) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).