The ecotourism market size was valued at $181.1 billion in 2019, and is expected to reach $333.8 billion by 2027, registering a CAGR of 14.3% from 2021 to 2027. According to the World Travel & Tourism Council (WTTC), global tourism generated $7.6 trillion for the global GDP in 2014, making it one the world’s fastest growing and largest sectors. According to International Civil Aviation Organization (ICAO) estimates, there were 3.7 billion global air passengers in 2016 — and every year since 2009 has been a … 35% of the world’s global tourism expenditure is generated from the EU. And it’s also one of the fastest growing segments of the travel industry today. Let’s start by taking a look at some stats related to the … Since 2010, tourism has been the fastest-growing sector for UK employment, accounting for 11.9% of all jobs and it is thought that by 2025, the industry is set to be worth over £257 billion. It’s estimated the US pet industry reached $99 billion in 2020. The global health industry was worth $8.45 trillion in 2018. Tourism made up 10 percent of global GDP in 2019 and was worth almost $9 trillion, 1 making the sector nearly three times larger than agriculture. However, the tourism value chain of suppliers and intermediaries has always been fragmented, with limited coordination among the small and medium-size enterprises (SMEs) that make up a large portion of the sector. In 2018, wildlife tourism directly contributed $120.1bn to global GDP, versus the $23bn in revenue attributed to the illegal trade in wildlife, or 5.2 times more, according to new research from the World Travel & Tourism Council (WTTC). Italy will be the most affected country by the pandemic in terms of travel and tourism revenue, decreasing from $20.3 billion in 2019 to about $11.2 billion in 2020. The adventure tourism market size was valued at $112,227 million in 2020 and is estimated to reach the market value of $1,169,095 million by 2028, growing at a CAGR of 20.1% to from 2021-2028. Employing over 2 million people. The situation was quite different in 2020. However, in 2020, China became the largest box office territory, overtaking North America in gross total. 16. (CondorFerries) According to global hospitality and tourism industry statistics, the Global travel industry accounts for almost 10% of world GDP. How much is the global fashion industry worth in 2019? The US has the greatest healthcare spending, sitting at $10,224 per capita. According to ICAO’s preliminary compilation of annual global statistics, the total number of passengers carried on scheduled services rose to 4.5 billion in 2019, which is 3.6 per cent higher than the previous year, while the number of departures reached 38.3 million in … bright spot for the US travel industry. Emerging 2022 US travel industry trends. The global lobby group expects travel and tourism to generate 100 million new jobs worldwide over the next 10 years. 2021 revenue from national travel and tourism is projected to be $83.3 billion. Other Highlights of the Travel Industry U.S. domestic travel increased 1.7% in 2019 to a total of 2.3 billion person-trips.1 Domestic leisure travel increased 1.9% in 2019 to 1.9 billion person-trips. • The cruise industry is the fastest-growing category in the leisure travel market. The demand for insurance is expected to keep rising worldwide (figure 1). Key Industry Developments: In July 2020, WHP Global partnered with E. Gluck Corporation, an American watch manufacturing company to sell the partner’s watch products through the various distribution channels such as travel retail and e-commerce stores across the globe. Britain will have a tourism industry worth over £257 billion by 2025 – just under 10% of UK GDP and supporting almost 3.8 million jobs, which is around 11% of the total UK number. Global Wellness Institute. Based on our analysis, the global market exhibited a significant growth of 42.2% in 2020 compared to the average year-on-year growth during 2017-2019. The global yacht market size was valued at USD 8.15 billion in 2020. • Demand for cruising increased 20.5% in the last five years. Pet owners splurged on everything from pet food and treats to pet sitting, toys, and travel. • Demand for cruising increased 20.5% in the last five years. The US spends twice what other countries do on healthcare. In 2020, there were over 160,000 spas, earning $68 billion in revenues. By 2025 Britain’s travel industry is set to be worth over £257 billion. The global online travel agent market reached a value of nearly $744.7 billion in 2019, having increased at a compound annual growth rate (CAGR) of 7.9% since 2015. Insurance industry at-a-glance. In The Business of Diving book, PADI estimates that average retail sales by dive centers … The travel industry is worth around $1.6 trillion globally and accounts for one-tenth of the world’s GDP. It is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. • The cruise industry is the fastest-growing category in the leisure travel market. The UK tourism industry is worth £114b and more than 8% of the total gross domestic product, research has found. (CLIA), the leading voice of the global cruise industry, has released the annual 2021 State of the Cruise Industry Outlook. Not … Generating £100.8 billion a year. As competitive video games continue to integrate into popular culture, global investors, brands, and media outlets are all paying attention. In 2020 the online travel market is expected to grow to $817 billion. (PhocusWire) The big question is: … In fact, there will be 26.6 million monthly esports viewers in 2021, up 11.4% from 2020, according to our estimates. Health & Wellness Industry Stats. Market Overview. Hollywood is the world's oldest [de facto] national film industry. NEW YORK; Apr. Following a year unlike any other in the history of the industry, this report offers a look at the trends and analytics propelling the cruise industry forward in … Tourism made up 10 percent of global GDP in 2019 and was worth almost $9 trillion, 1 making the sector nearly three times larger than agriculture. (Common Objective) Based on the pre-covid era data, the fashion retail market’s total value was $1.78 trillion (without the jewelry, but with footwear). UK residents made 4.5 million visits overseas in January 2019 (2% fewer than in January 2018). Air travel carries 35% of world trade by value ($6.0 trillion worth in 2017), but less than 1% by volume (62 million tonnes in 2017). Sportsbetting is a billion-dollar global industry. The average room rate in the US is $120.01. In 2019, the global box office was worth $42.2 billion. So, 2020 is the perfect time to get involved in hospitality that caters to … In 2018, the travel and tourism industry accounts for 10.2% of the global GDP. The pay isn’t necessarily exorbitant—the median income is $38,700 a year, as reported by the U.S. Bureau of Labor and Statistics, but according to … In 2018, Booking was the leading online travel agency with approximately $14.53 billion in revenue. Global leisure tourism spending reached $4,715 billion in 2019. In 2018, Asia and the Pacific (+7%) and Europe (+5%) enjoyed above-average growth in tourism earnings. It has witnessed tremendous growth since 2017 by 4.9% and is expected to generate more than $77 billion in revenue in 2022. Italy, Spain, France and England accounted for 55% of EU travel. Air transport supports 65.5 million jobs and $2.7 trillion in global economic activity. The global cigarette market was worth US$ 888 Billion in 2018. The global MICE industry size was valued at $805.0 billion in 2017, and is estimated to reach $1,337.4 billion by 2028, registering a CAGR of 21.3% from 2021 to 2028. Here’s how the diet industry grew to be a … The global Travel & Tourism sector grew at 3.9% to contribute a record $8.8 trillion and 319 million jobs to the world economy in 2018. Spa Industry. (APPA) The industry is steadily growing, year by year. Some trip types will fare better than others, and … The Travel & Tourism sector suffered a loss of almost US$4.5 trillion to reach US$4.7 trillion in 2020, with the contribution to GDP dropping by a staggering 49.1% compared to 2019; relative to a 3.7% GDP decline of the global economy in 2020. In 2019, the travel and tourism industry of the US directly contributed $580.7 billion, which is the highest globally. Passenger air travel comprised over 50% of international inbound tourism, which translated to $812 billion in revenue for commercial airlines. Global healthcare spending could reach over $10 trillion by 2022. Travel and tourism exports accounted for 11 percent of all U.S. exports and nearly a third (32 percent) of all U.S. services exports.That same year, U.S. travel and tourism output represented 2.8 percent of gross domestic product. The global hotel market has over 4 million hotel rooms worldwide. But things are changing. With global travel near a standstill, it’s unclear when these sales can resume. The 2021 online food delivery market worth is $151,526 billion. Cesena, Italy – October 6, 2018 – The global wellness industry grew 12.8% in the last two years, from a $3.7 trillion market in 2015 to $4.2 trillion in 2017, according to an in-depth research report, the 2018 Global Wellness Economy Monitor, released today by the nonprofit Global Wellness Institute (GWI). The market is further projected to reach a value of US$ 1,124 Billion by 2024, growing at a CAGR of nearly 4% during 2019-2024. Due to the pandemic, the UK fashion industry was worth £26 billion ($36.07 billion). For the purpose of this study, Grand View Research has segmented the global luxury travel market report on the basis of the tour, age group, and region: Half of the world’s outbound tourism is generated from Europe. Global revenue for the travel and tourism industry in 2020 is estimated at $447.4 billion – a 34.7% decrease from the previous year. Italy will be the most affected country by the pandemic in terms of travel and tourism revenue, decreasing from $20.3 billion in 2019 to about $11.2 billion in 2020. were generated by the global cruise industry in 2016. In that same year, the hospitality and travel industry accounted for one out of every ten employment opportunities – bringing the number of hospitality professionals to a remarkable 319 million. Travel and tourism overtook financial services (8.9%) and banking (3.4%) as the fastest growing sector in the UK. The market is projected to grow from USD 6.30 billion in 2021 to USD 84.09 billion in 2028 at … Since 2007, the number of spas doubled from 71,000 to 149,000, producing 2.6 million employment opportunities in the global spa industry. For the travel industry, 2022 is about more than simply watching air passenger volumes increase and hotel occupancy rates pick up as visitors return to cities and beaches. For the eighth consecutive year, this was above the growth rate of world GDP. The sports market in North America was worth $60.5 billion in 2014. While the U.S. vacation rental industry rebounded in 2021, the industry projected revenue is down 43% compared to the industry before COVID-19. The scale of the global market for cut flowers is large, and increasing. Online Travel Sales Worldwide The global online travel market was worth more than $629 billion in 2017, and is predicted to reach almost $818bn by 2020. GWI has measured the spa industry at the global, regional, and country levels since 2007. The global Travel & Tourism sector is an important part of the world economy accounting for 10.4% of global GDP and supporting one in ten jobs on the planet (319 million)8. That’s $1.5 billion in only one year! The business events industry injects more than $1 trillion into the global economy, preliminary results of the Events Industry Council’s (EIC) first Global Economic Significance of Business Events study show. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The sports industry reached a value of nearly US$488.5 billion in 2018, is now estimated to be worth over $500 billion. There are 784,626 companies in the US healthcare sector. Global Tourism industry trends (2016-2021) Global Tourism industry outlook (2021-2026) poll Average industry growth 2021-2026 : x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. (Deloitte, 2018) In 2016, Asia accounts for more than 30% of the global $1 trillion business travel sector. In 2019 the online travel market will be worth $756 billion. The term MICE in the context of travel is an acronym for meetings, incentives, conferences, and exhibitions. National travel and tourism lost $1.1 trillion in economic output in 2020. Today the global beauty industry is a $532 billion business. While international arrivals into the country increased by 0.7 percent in 2017, the global share of long-haul travel is dropping, down to 12.2 percent in 2017 from 13.8 in 2015.4 The global market for Travel Technologies is expected to slump by a heavy -35. This $5.3 trillion figure has been used regularly since late 2010, despite significant changes in world trade over the last five-plus years. The industry is thriving and worth over $570 billion. Global revenue for the travel and tourism industry in 2020 is estimated at $447.4 billion – a 34.7% decrease from the previous year. • From a capacity standpoint, utilization is consistently over 100%. UBS expects the broader space industry, which is worth about $400 billion today, will double to $805 billion by 2030. Luxury travel services cover most desirable and premium experience in terms of luxurious accommodations, convenient transport facilities, and authentic travel experience. Quantifying the value of wildlife tourism as an important niche within global Travel & Tourism is a crucial The global online travel agent market reached a value of nearly $744.7 billion in 2019, having increased at a compound annual growth rate (CAGR) of 7.9% since 2015. Download High Resolution Image. Tina Wehmeir, EIC chair, made the announcement Oct. 17 at IMEX America 2018 in Las Vegas. China is the … It is expected to reach $73.5 billion by 2019. Sports tourism is technically defined as travel that involves either observing or participating in a sporting event while remaining separated from the tourists’ usual environment. Overseas residents spent £1.5 billion on visits to the UK in January 2019, which was the same as January 2018. But it does mean tourism is playing an increasingly important role in the global economy. An American Pet Products Association (APPA) State of the Industry Report released last week showed US pet sales reaching a … There are more than 200,000 hotels in the hotel industry. All of the top ten fast food brands globally in 2020 have their roots in the United States. Diet and weight loss have grown to be a $71 billion industry, yet according to studies— 95% of diets fail. Getty. Visit Britain and the tourism alliance commisioned Deloitte. 1% in the year 2020 and thereafter stage a slow and uncertain recovery to … It’s no secret that corporate travel is expensive. Read this statistical bulletin. Writings on the South China Sea frequently claim that $5.3 trillion worth of goods transits through the South China Sea annually, with $1.2 trillion of that total accounting for trade with the U.S. were generated by the global cruise industry in 2016. 2021 aerospace and defense industry outlook 3 A slow recovery in passenger travel may impact aircraft deliveries and industry revenues Commercial air travel is gradually recovering, albeit at a slow pace, with global passenger traffic substantially lower (-70%) in November 2020 compared The outbound travel expenditure of these 93 million people was worth $156.3 Billion to America’s tourism industry, so 6.3% is a very significant outbound tourism statistic! This is according to the World Travel & Tourism Council’s (WTTC) annual research into the economic impact and social importance of the sector. The situation was quite different in 2020. About one-third of the survey respondents expect revenues to be “significantly better” next year. Esports Industry Market Growth Trends. The hottest US outbound destinations were Europe, Caribbean, Asia, South America, and Central America. According to the healthy trends in 2020, the mineral&thermal spring industry was valued at $56.2 billion in 2017 with about 1.8 million workers. The US spends twice what other countries do on healthcare.

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