By 2027, Travel and Tourism Will Be a Trillion-Dollar Industry ...Middle East

New data from Statista Market Insights, presented by Stocklytics.com, reveals that the global travel and tourism industry is robust, healthy and growing. Predicted to increase 8.3% this year over 2023, the industry is set to gross $927 billion by the end of 2024, and is on track to jump 14% to hit $1.03 trillion in revenue in 2027. Nearly half ($494 billion) of the money will come from hotels, with packaged holidays making up another 30% ($331 billion). Camping and cruising will be the fastest-growing segments of travel over the coming years, according to the report, and Europe will rank as the world’s largest travel and tourism market (generating $303 billion), followed by China ($223 b

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Last updated : 02 July 2024 clock 01:53 PM

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