Spending on IT in the travel and tourism industry in the United Kingdom increased in 2022 over the previous year, reaching nearly *********** British pounds. That year, computer services accounted for the highest spending, rising by over *********** British pounds to reach *********** British pounds.

Significant fluctuations are estimated for all segments over the forecast period for the revenue change. Overall, the revenue change 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 Cruises achieves the relatively highest value throughout the entire period, reaching ****** percent. Find other insights concerning similar markets and segments, such as a comparison of revenue in Asia and a comparison of revenue in the United Kingdom.The Statista Market Insights cover a broad range of additional markets.

The revenue is forecast to experience significant growth in all segments in 2029. As part of the positive trend, the revenue reaches the maximum value for all five different segments at the end of the comparison period. Particularly noteworthy is the segment Hotels, which has the highest value of ***** billion U.S. dollars. Find other insights concerning similar markets and segments, such as a comparison of revenue in Switzerland and a comparison of revenue in China. The Statista Market Insights cover a broad range of additional markets.

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 *************************.

Monthly estimates of overseas residents’ visits and spending and visits and spending abroad by UK or Great Britain residents. Also includes data on purpose of visit, area visited by UK residents and area of residence for overseas residents.

The United Kingdom's outbound travel industry is projected to hit a value of US$ 90.46 billion by 2024. This momentum is expected to be sustained as it is rising at a CAGR of 8.60%, leading to an estimated valuation of US$ 206.43 billion by 2034.

Category wise insights

This statistic shows the growth rate of government collective spending for the travel and tourism industry in the United Kingdom (UK) from 2012 to 2018, with a forecast for 2028. Government spending in the travel industry is estimated to grow by *** percent in 2018.

United Kingdom UK: International Tourism: Expenditures: for Travel Items data was reported at 64.774 USD bn in 2016. This records a decrease from the previous number of 66.813 USD bn for 2015. United Kingdom UK: International Tourism: Expenditures: for Travel Items data is updated yearly, averaging 55.972 USD bn from Dec 1995 (Median) to 2016, with 22 observations. The data reached an all-time high of 76.584 USD bn in 2007 and a record low of 24.926 USD bn in 1995. United Kingdom UK: International Tourism: Expenditures: for Travel Items data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Tourism Statistics. International tourism expenditures are expenditures of international outbound visitors in other countries. The goods and services are purchased by, or on behalf of, the traveler or provided, without a quid pro quo, for the traveler to use or give away. These may include expenditures by residents traveling abroad as same-day visitors, except in cases where these are so important as to justify a separate classification. Excluded is the international carriage of travelers, which is covered in passenger travel items. Data are in current U.S. dollars.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

United Kingdom Travel & Tourism Market was valued at USD 193.50 Billion in 2024 and is expected to reach USD 271.39 Billion by 2030 with a CAGR of 5.8%.

United Kingdom UK: International Tourism: Number of Arrivals data was reported at 35,814,000.000 Person in 2016. This records an increase from the previous number of 34,436,000.000 Person for 2015. United Kingdom UK: International Tourism: Number of Arrivals data is updated yearly, averaging 28,119,000.000 Person from Dec 1995 (Median) to 2016, with 22 observations. The data reached an all-time high of 35,814,000.000 Person in 2016 and a record low of 20,982,000.000 Person in 2001. United Kingdom UK: International Tourism: Number of Arrivals data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Tourism Statistics. International inbound tourists (overnight visitors) are the number of tourists who travel to a country other than that in which they have their usual residence, but outside their usual environment, for a period not exceeding 12 months and whose main purpose in visiting is other than an activity remunerated from within the country visited. When data on number of tourists are not available, the number of visitors, which includes tourists, same-day visitors, cruise passengers, and crew members, is shown instead. Sources and collection methods for arrivals differ across countries. In some cases data are from border statistics (police, immigration, and the like) and supplemented by border surveys. In other cases data are from tourism accommodation establishments. For some countries number of arrivals is limited to arrivals by air and for others to arrivals staying in hotels. Some countries include arrivals of nationals residing abroad while others do not. Caution should thus be used in comparing arrivals across countries. The data on inbound tourists refer to the number of arrivals, not to the number of people traveling. Thus a person who makes several trips to a country during a given period is counted each time as a new arrival.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

The UK educational tourism market is set for robust growth, with projections indicating an increase from an estimated USD 78.8 billion in 2025 to USD 220 billion by 2035, reflecting a CAGR of 10.8% during the forecast period. This growth is driven by the rising demand for UK-based academic programs, immersive language experiences, and the country's global reputation for high-quality education.

In 2024, the total number of travel and tourism jobs in the United Kingdom was around *** percent lower than in 2019, the year prior to the onset of the coronavirus (COVID-19) pandemic. Overall, travel and tourism contributed, directly and indirectly, to *** million jobs in the country in 2024.

The UK travel agency services market is set to grow steadily over the next ten years. It is expected to grow from a projected USD 45.3 billion in 2025 to USD 99.8 billion in 2035, at a CAGR of 8.2% over the forecast period of 2025 to 2035. The increase will be due to the increased demand for immersive and personalized travel experiences, increased usage of digital booking platforms, and the trend towards environmentally friendly travel options.

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Travel Market Size 2024-2028

The travel market size is forecast to increase by USD 2860.2 billion, at a CAGR of 11.1% between 2023 and 2028.

The market is experiencing significant growth, fueled by the increasing popularity of experiential travel and the surge in international tourist footfall. This trend is driven by consumers' shifting preferences towards unique and immersive travel experiences, offering opportunities for companies to differentiate their offerings and cater to this demand. However, the market faces challenges, including the growing threat from terrorism, which can deter travelers and negatively impact the industry. Companies must navigate these challenges by implementing robust security measures and fostering transparency to reassure customers. To capitalize on market opportunities, businesses should focus on delivering personalized, authentic experiences that cater to the evolving needs of travelers. By staying attuned to these trends and addressing the challenges, companies can effectively position themselves in the competitive the market landscape.

What will be the Size of the Travel Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free SampleIn the ever-evolving the market, various sectors continue to adapt and innovate to meet the changing needs and preferences of consumers. Business travelers seek convenience and efficiency with portable chargers, travel adaptors, and carry-on luggage, while solo travelers prioritize safety with GPS trackers and TSA locks. Sustainable tourism gains traction as eco-friendly options such as biodegradable products, carbon offsetting, and sustainable packaging become more prevalent. Medical tourism and food tourism cater to specific niches, offering unique experiences and specialized services. Travel data analytics and online booking platforms streamline the planning process, while tour guides and local experts provide valuable insights into destinations. Travel writing and journals allow travelers to document their experiences and share them with others. Luxury travel and adventure travel cater to diverse markets, with wheeled luggage, travel pillows, and hiking boots providing comfort and functionality. The marketing and social media platforms connect travelers with new experiences and destinations. Travel influencers and customer loyalty programs offer incentives and personalized recommendations. Tourism management and responsible travel initiatives prioritize the well-being of communities and the environment. Cultural tourism and destination marketing foster appreciation and understanding of diverse cultures. Rental cars and community tourism provide opportunities for authentic experiences and exploration. The market remains dynamic, with ongoing developments and trends shaping the industry. From travel accessories to travel technology, the market continues to evolve, offering new possibilities and experiences for travelers.

How is this Travel Industry segmented?

The travel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. SectorTransportationHotelTravel activitiesTypeLeisureBusinessTourCustomized & Private VacationsSafari & AdventureCruises, Yachting & Small Ship ExpeditionsCelebration JourneysCulinary Travel & ShoppingLuxury TrainsCustomized & Private VacationsSafari & AdventureCruises, Yachting & Small Ship ExpeditionsCelebration JourneysCulinary Travel & ShoppingLuxury TrainsAge21-30 Years31-40 Years41-60 Years60 And Above21-30 Years31-40 Years41-60 Years60 And AboveGeographyNorth AmericaUSEuropeFranceUKAPACChinaJapanRest of World (ROW)

By Sector Insights

The transportation segment is estimated to witness significant growth during the forecast period.In the thriving business travel sector, various offerings cater to the diverse needs of modern tourists. First-aid kits and biodegradable products have become essential travel accessories, reflecting a growing emphasis on health and sustainability. Travel insurance policies ensure peace of mind for business travelers, while ear plugs, eye masks, and portable chargers enhance comfort during long flights. Passport holders and sustainable packaging promote organization and eco-consciousness. Carbon offsetting and packing cubes streamline the process of planning and packing for trips. Food tourism and insect repellent cater to the adventurous palate and the need for outdoor exploration. Group travel and duffel bags offer cost savings, while hiking boots and travel data analytics facilitate efficient and enjoyable exploration. Medical tourism and travel safety services ensure well-being dur

United Kingdom UK: International Tourism: Receipts: for Travel Items data was reported at 41.458 USD bn in 2016. This records a decrease from the previous number of 45.595 USD bn for 2015. United Kingdom UK: International Tourism: Receipts: for Travel Items data is updated yearly, averaging 32.220 USD bn from Dec 1995 (Median) to 2016, with 22 observations. The data reached an all-time high of 50.068 USD bn in 2014 and a record low of 18.864 USD bn in 2001. United Kingdom UK: International Tourism: Receipts: for Travel Items data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Tourism Statistics. International tourism receipts for travel items are expenditures by international inbound visitors in the reporting economy. The goods and services are purchased by, or on behalf of, the traveler or provided, without a quid pro quo, for the traveler to use or give away. These receipts should include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except in cases where these are so important as to justify a separate classification. Excluded is the international carriage of travelers, which is covered in passenger travel items. Data are in current U.S. dollars.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

The UK Responsible Tourism Industry will see tremendous growth, with estimates predicting growth from USD 20 billion in 2025 to USD 28 billion by 2035, which represents a CAGR of 3.4%. The reasons for this growth are multiple and include an upsurge in environmental consciousness among tourists who are increasingly looking for sustainable tourism opportunities.

Forecast: International Tourism Receipts for Travel Items in the UK 2023 - 2027 Discover more data with ReportLinker!

This report analyses the total number of outbound tourist trips by UK residents. The data is sourced from the Office for National Statistics (ONS), collated within its "overseas travel and tourism (OTT) time series", and estimates are afforded by IBISWorld. The OTT time series provides seasonally and non-seasonally adjusted estimates of completed international visits to and from the United Kingdom, and was originally based on International Passenger Survey (IPS) data. Developed by the ONS, the IPS produces estimates on the basis of 250,000 interviews conducted over a given year. Interviews are conducted at all major UK airports and seas routes, at Eurostar terminals and on Eurotunnel shuttle trains. In this report, quarterly data is summed to produce tourism figures over financial years (i.e. April through March) and is not adjusted for seasonality.