Global tourism market to be worth US$11,382bn by 2025
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Inns of Aurora
Competitive
Ledyard, NY, USA
The Gym Group
100% of your PT earnings
Nationwide, UK
Legoland
Competitive
Winter Haven, FL, USA
Madame Tussauds
Competitive
New York, NY, USA
Coach Gyms
£30K Basic circa
Leeds, UK

Global tourism market to be worth US$11,382bn by 2025

Job opportunities
Legoland
Competitive
location: Winter Haven, FL, USA
more jobs

New research suggests global tourism is worth more than US$7,581bn (€7,075bn, £6,088bn) with the market expected to surge in value to US$11,382bn (€10,622bn, £9,140bn) by 2025.

The report, by market research and consulting company Research Nester, said that forecasted year-on-year growth in for tourism was 3.9 per cent, meaning that by 2025 tourism will account for 10.6 per cent of global GDP.

In-line with this, total investment for the global travel and tourism sector is anticipated to surge from US$814bn (€760bn, £654bn) in 2014 at a year-on-year growth rate of 4.7 per cent to reach US$1,336bn (€1,246bn, £1,072bn) in 2025.

Europe’s tourism industry has the lion’s share of the market, accounting for 51 per cent in 2015. The industry is spiked by the increase in tourist numbers for France, Spain, Italy, Germany and the UK, with UK tourism accounting for US$142bn (€132.5bn, £114bn).

North America is also strong, with its travel and tourism industry accounting for US$1,412bn (€1,317bn, £1,133bn) in 2015. As a stand-alone country, the US accounts for the largest travel and tourism market in North America by some margin, accounting for US$1,218bn (€1,136bn, £978bn), with Canada a distant second at US$98.2bn (€91.6bn, £78.8bn).

On a global scale, the Asia-Pacific region accounts for 9.4 per cent of global tourism GDP, with the areas forecast to witness the highest growth between 2015-2021. According to the report, the market is likely to get propelled from strengthening economy, rise in disposable income and increasing infrastructural developments in some of the major countries such as India, China, Japan and Singapore. Backed up by these factors, Asia-Pacific region is projected to attract more than 502 million visitors in 2020.

For the full report, click here.

Sign up for FREE ezines & magazines
New research suggests global tourism is worth more than US$7,581bn (€7,075bn, £6,088bn) with the market expected to surge in value to US$11,382bn (€10,622bn, £9,140bn) by 2025.
HOT,TOU,TVL,VAT
THUMB16614_862244.jpg

More News

1 - 15 of 42,622
08 Apr 2020
Thousands of UK leisure and fitness facilities could close permanently, as operators struggle to deal with the impact of the COVID-19 lockdown. According to industry ... More
08 Apr 2020
Martin Long, CEO of DW Fitness First, has called on the government to speed up the payment of furlough support. Long told the BBC that ... More
08 Apr 2020
Duncan Bannatyne, CEO of Bannatyne Group, which runs spas, health clubs and hotels, says the coronavirus shutdown could cost the company £30m. Speaking to Sky ... More
06 Apr 2020
The attractions industry has lost one of its personalities with the passing of Lord Bath, the owner of Longleat Safari Park in the UK, who ... More
06 Apr 2020
London Transport Museum’s doors may be closed due to the coronavirus pandemic, but the collection is now open to virtual visitors online. For families who ... More
06 Apr 2020
Technogym has announced a new initiative designed to find the stars of the future. The company is inviting world-class personal trainers to apply for a ... More
STA
STA
06 Apr 2020
A number of US gym operators are facing lawsuits over their handling of membership fee collections during the coronavirus lockdown. Town Sports International, 24 Hour ... More
06 Apr 2020
1Rebel, the London-based boutique studio operator, has announced a new initiative to help support its freelance instructors through the current period of COVID-19 uncertainty. Speaking ... More
06 Apr 2020
Precor has developed a set of resources for gym operators, designed to keep members engaged throughout the lockdown periods caused by the COVID-19 pandemic. Resources ... More
03 Apr 2020
One of the factors that has made the coronavirus outbreak so severe across the globe is that some of those infected do not show any ... More
02 Apr 2020
Mindfulness app provider, Headspace, is making a bid to support US-based healthcare professionals curb anxiety and stress during the coronavirus shutdown. The brand is offering ... More
02 Apr 2020
Nearly two thirds (64 per cent) of the world’s health and fitness clubs are currently closed either by decree or by voluntary arrangement. The closures, ... More
EMD UK
EMD UK
02 Apr 2020
Although the facts may seem less relevant now due to the coroavirus pandemic, new numbers – out today in the new European Health & Fitness ... More
01 Apr 2020
Helen Bonser-Wilton, CEO of Portsmouth's Mary Rose Museum, says the attraction, along with the rest of Britain's independent museums are in "mortal peril" unless the ... More
01 Apr 2020
Fitness professionals should use the coronavirus-induced lockdown – where possible – to enhance their knowledge and develop skills ready for when the gyms and leisure ... More
MyZone
MyZone
1 - 15 of 42,622
Active IQ
Active IQ