In 2023, the travel and tourism sector in the United States contributed approximately 2.36 trillion U.S. dollars to gross domestic product (GDP). This figure saw growth over the pre-pandemic levels of 2019 when the travel and tourism sector contributed 2.27 trillion U.S. dollars to the North American country's economy.

In 2023, Mexico was the Latin American country with the largest total contribution of the travel and tourism sector to the gross domestic product (GDP), with over 260 billion U.S. dollars. Brazil was second on the list that year, as travel and tourism contributed approximately 104 billion U.S. dollars to its GDP.

Forecast: Total Tourism GDP in the US 2024 - 2028 Discover more data with ReportLinker!

Key information about United States Tourism Revenue Growth

• United States Tourism Revenue grew 9.7 % YoY in Dec 2024, compared with an increase of 9.2 % YoY in the previous month
• United States Tourism Revenue Growth rate data is updated monthly, available from Jan 2000 to Dec 2024
• The data reached an all-time high of 163.0 % in Apr 2022 and a record low of -80.8 % in Sep 2020

Geospatial data about US Tourism and Recreation GDP. Export to CAD, GIS, PDF, CSV and access via API.

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This map service presents spatial information about the Economics: National Ocean Watch (ENOW) data in the Web Mercator projection. The ENOW data provides time-series data on the ocean and Great Lakes economy, which includes six economic sectors dependent on the oceans and Great Lakes, and measures four economic indicators: Establishments, Employment, Wages, and Gross Domestic Product (GDP). The annual time-series data are available for about 400 coastal counties, 30 coastal states, 8 regions, and the nation. The service was developed by the National Oceanic and Atmospheric Administration (NOAA), but may contain data and information from a variety of data sources, including non-NOAA data. NOAA provides the information “as-is” and shall incur no responsibility or liability as to the completeness or accuracy of this information. NOAA assumes no responsibility arising from the use of this information. The NOAA Office for Coastal Management will make every effort to provide continual access to this service but it may need to be taken down during routine IT maintenance or in case of an emergency. If you plan to ingest this service into your own application and would like to be informed about planned and unplanned service outages or changes to existing services, please register for our Data Services Newsletter (http://coast.noaa.gov/digitalcoast/publications/subscribe). For additional information, please contact the NOAA Office for Coastal Management (coastal.info@noaa.gov).

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This statistic shows the distribution of direct contribution of travel and tourism to GDP in the United States from 2013 to 2017, by visitor origin. Domestic travel spending contributed 80 percent of direct travel and tourism GDP in the United States in 2017.

Geospatial data about US Ocean Economy - GDP per State - Tourism and Recreation. Export to CAD, GIS, PDF, CSV and access via API.

As a result of the coronavirus (COVID-19) pandemic, the contribution of travel and tourism to the Central American gross domestic product (GDP) plummeted in 2020 to less than 14 billion U.S. dollars. In the following year, the region experienced a recovery of almost 38 percent.

In 2023, the United States was the country worldwide with the highest total contribution of travel and tourism to GDP. That year, the total GDP contribution of travel and tourism in the U.S. amounted to **** trillion U.S. dollars, exceeding pre-pandemic levels. China and Germany followed in the ranking in 2023, with travel and tourism's total contributions to GDP of around *** trillion and *** billion U.S. dollars, respectively. Overall, the total contribution of travel and tourism to GDP worldwide reached almost ** trillion U.S. dollars in 2023. What are the most visited countries worldwide? While the U.S. and China reported the highest figures in terms of travel and tourism contribution to GDP in 2023, it was a European destination that led the ranking of countries with the highest number of inbound tourist arrivals worldwide. With *** million international arrivals in 2023, France was the most visited travel destination in the world that year, ahead of Spain, the United States, and Italy. How many people work in the global travel and tourism sector? After declining sharply due to the impact of COVID-19, the number of travel and tourism jobs worldwide bounced back in 2023, reaching around *** million, nearly catching up with pre-pandemic levels. That year, China and India were the countries with the highest travel and tourism employment worldwide.

As per the latest findings of Future Market Insights, the USA and Canada tourism revenue is expected to be US$ 172,331.2 Million by the end of 2023. In the long-term, the market is estimated to reach at a valuation of around US$ 253,839.3 Million in 2033.

Scope of Report

In 2019, travel and tourism direct contribution to GDP for Togo was 0.2 billion US dollars. Travel and tourism direct contribution to GDP of Togo increased from 0 billion US dollars in 2000 to 0.2 billion US dollars in 2019 growing at an average annual rate of 19.91%.

Gross domestic product (GDP), employment, labour compensation per job, GDP per job and tourism share of employment and GDP by tourism industry, by province and territory.

Tourism Revenues in Mexico decreased to 3042199.26 USD Thousand in April from 3667106.98 USD Thousand in March of 2025. This dataset provides - Mexico Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The USA sports tourism sector powers the country's economy by converting live sporting events into interactive, technology-driven experiences. Market players estimate that the market will grow from a projected USD 3.7 billion in 2025 to USD 7.5 billion in 2035, registering a strong CAGR of 7.2% during the period.

The average for 2020 based on 11 countries was 3732 thousand tourists. The highest value was in Mexico: 36056 thousand tourists and the lowest value was in Dominican Republic: 210 thousand tourists. The indicator is available from 1995 to 2020. Below is a chart for all countries where data are available.

According to Cognitive Market Research, the global Travel and Tourism Spending market size is USD 14845295.6 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 5938118.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 4453588.68 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 3414417.99 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 742264.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 296905.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The Couple Traveler held the highest Travel and Tourism Spending market revenue share in 2024.

Market Dynamics of Travel and Tourism Spending Market

Key Drivers of Travel and Tourism Spending Market

Growing Disposable Income and Middle-Class Expansion to Increase the Demand Globally

The Travel and Tourism Spending Market is being significantly driven by the rise in disposable income and the expanding middle class in emerging economies. As more people enter the middle-income bracket, there is a noticeable shift in spending patterns towards leisure activities, including travel and tourism. This trend is particularly evident in countries like China, India, Brazil, and several Southeast Asian nations, where rapid economic growth has lifted millions out of poverty and into the middle class. The increasing affordability of travel, coupled with aspirations for new experiences and exposure to different cultures, is fueling the demand for tourism services and experiences.Another key driver for the Travel and Tourism Spending Market is the rapid advancement of technology and digitalization. The travel industry has undergone a profound transformation with the advent of the internet, smartphones, and various digital platforms. These technologies have made travel planning more accessible, convenient, and personalized, influencing consumer behavior and preferences. Online booking platforms, travel apps, and social media have revolutionized how people research, book, and share their travel experiences. Additionally, technologies such as virtual reality (VR) and augmented reality (AR) are enhancing the travel experience by offering immersive previews of destinations and attractions, further driving the demand for travel and tourism services.

Restraint Factors Of Travel and Tourism Spending Market

Economic Uncertainty and Exchange Rate Volatility to Limit the Sales

One of the key restraints affecting the Travel and Tourism Spending Market is economic uncertainty and exchange rate volatility. Fluctuations in exchange rates can affect the cost of travel, particularly for international tourists. A strong currency in the destination country can make travel more expensive for foreign visitors, leading to a decline in tourism spending. Similarly, economic downturns or recessions can result in reduced disposable income and consumer confidence, leading individuals to cut back on discretionary spending, including travel and tourism. Economic instability in key source markets can also impact outbound travel, affecting the overall tourism industry.

Trend Factor for the Travel and Tourism Spending Market

There is a shift in demand toward experiential, sustainable, and digital-first travel. 

Fueled by an increasing demand for tailored and meaningful travel experiences, the market for travel and tourism expenditures is going through a rapid shift. Instead of typical sightseeing itineraries, contemporary tourists are more and more opting for immersive experiences like culinary tourism, adventure travel, cultural discovery, and well-being retreats. With more customers choosing eco-friendly lodging, carbon-neutral travel options, and ethical tourism practices, sustainability has also become a major consideration in decision-making. Digital payment methods, mobil...

This statistic shows the contribution of travel and tourism to GDP in the United States from 2013 to 2017, by type. Travel and tourism directly contributed approximately 509 billion U.S. dollars to the U.S. economy in 2017.

The average for 2020 based on 5 countries was 800 thousand tourists. The highest value was in Colombia: 1396 thousand tourists and the lowest value was in Guyana: 86 thousand tourists. The indicator is available from 1995 to 2020. Below is a chart for all countries where data are available.

In 2023, the share of travel and tourism's total contribution to global gross domestic product (GDP) showed a decline of 1.3 percentage points compared to 2019, the year before the COVID-19 pandemic. Overall, these industries represented 9.1 percent of the global GDP in 2023. That year, the total contribution of travel and tourism to the global GDP amounted to nearly 10 trillion U.S. dollars. The impact of COVID-19 on global travel and tourism The lockdowns and travel restrictions enforced across the globe to limit the spread of COVID-19 turned travel and tourism upside down. In 2023, the number of travel and tourism jobs worldwide experienced a sharp annual increase, but was still slightly below pre-pandemic levels. Meanwhile, total travel and tourism spending worldwide followed a similar trend. International tourist arrivals still lagged pre-pandemic levels After sinking in 2020 to the lowest point recorded since 1989, the number of international tourist arrivals worldwide bounced back in 2022, then rose further in 2023. That said, it remained below the peak of nearly 1.5 billion reported in 2019. Both before and after the impact of the health crisis, Europe was the global region with the highest number of international tourist arrivals.