Tourism Market Size

Tourism Market size was over USD 11.45 trillion in 2024 and is anticipated to reach USD 22.27 trillion by the end of 2037, growing at around 5.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of tourism is assessed at USD 11.94 trillion.

The tourism industry, also defined as the travel industry, is associated with the concept of people heading towards other places, either domestically or internationally, for recreation, cultural, or professional reasons. It is closely related to the hotel, hospitality, and transportation industries, a significant portion of it focused around keeping tourists happy, occupied, and quite well during their trip away from home. Tourism increases the economy of a region, also generates job opportunities, improves the infrastructure of the region, and raises communication between foreign and native citizens.