Tourism Market Outlook:
Tourism Market size was over USD 10.62 trillion in 2025 and is poised to exceed USD 17.46 trillion by 2035, growing at over 5.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of tourism is estimated at USD 11.11 trillion.
The growth of the tourism market is rising on the back of increasing efforts from the global governments. For instance, according to the World Travel & Tourism Council, in 2024, travel and tourism contributed to global GDP totaling USD 10.9 trillion. Governments are advertising through campaigns, conducting international tourism fairs, and promoting universal accessibility to tourism. Also, according to the United Nations, World Tourism Day is commemorated each year on 27th September. The purpose of the celebration is to foster awareness among the international community of travelling. These factors are bolstering the market growth during the forecasted period.
Additionally, the tourism market growth can be attributed to the rising disposable income of people across the globe. The personal savings of people are increasing, which is allowing people to spend on leisure activities. For instance, according to the Bureau of Economic Analysis in February 2024, personal savings in the U.S. reached USD 1.02 trillion. The higher income and savings of the population are the prominent factors influencing travel across the world.
