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Travel & Tourism Economic Impact 2024: Global Trends
Released on Sep 04, 2024
Release on: coming soon

Travel & Tourism Economic Impact 2024: Global Trends

This report analyses the economic impact and recovery of the Travel & Tourism sector globally and regionally in 2023 and provides projections for 2024 and beyond. It also contains discussions of some emerging themes in the sector. Lastly, the report provides league tables that rank economies based on various Travel & Tourism indicators.

This report analyses the recovery of Travel & Tourism in 2023 and provides future projections. It also discusses emerging themes in the sector and contains league tables.
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Report details

The report highlights the Travel & Tourism sector’s recovery in 2023 at the global level and how it varied across each region and economy. It also provides a forecast for the sector in 2024 and the decade ahead, and lists some opportunities and challenges. Travel & Tourism is constantly undergoing changes, and the report focuses on the following emerging themes:

  • Business travel’s comeback
  • Outbound travel: emerging source markets
  • Diversity, equity, inclusion, and belonging (DEIB)
  • Artificial intelligence
  • Sustainable travel

Lastly, the report contains league tables that rank the top 20 economies globally based on the following Travel & Tourism indicators:

  • Travel & Tourism’s total contribution to GDP (2023, 2024, and 2034)
  • Travel & Tourism’s total contribution to employment (2023, 2024, and 2034)
  • Domestic visitor spending (2023 and 2024)
  • International visitor spending (2023 and 2024)
  • Travel & Tourism capital investment (2023 and 2024)

For further explanation of the methodology and sources behind this Economic Impact Research, please refer to these two supporting papers: 'Methodology' and 'Data Sources and Estimation Techniques'.

For further explanation of the methodology and sources behind this Economic Impact Research, please refer to these two supporting papers: 'Methodology'and 'Data Sources and Estimation Techniques'.
Number of pages in this report: 46

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Oxford Economics

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