Global tourism market to be worth US$11,382bn by 2025
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Circadian Leisure Trust
£8.83 - £9.04
Bradley Stoke, Bristol, UK
Celtic Leisure
Circa £27,000
Neath Leisure Centre / The Vale of Neath Leisure Centre
Center Parcs
Circa £20,400 per annum, pro rata, plus commission
Warminster, UK
Myerscough College
£20,657 – £29,880 per annum
Preston, UK

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

Job opportunities
Royal Botanic Gardens Kew
£32,000 per annum
location: Wakehurst
Active Kids Adventure Park
Dependent upon experience
location: Perthshire, UK
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 42,130
21 Oct 2019
Mia Kyricos, senior vice president and global head of wellbeing for Hyatt Hotels, was presented with the Leading Woman in Wellness award at the Global ... More
21 Oct 2019
Public Health England (PHE) and the Centre for Ageing Better (CAB) have set out their shared vision for making England the "best place in the ... More
21 Oct 2019
The International Paralympic Committee (IPC) has appointed two-time Paralympian Dr Mike Peters as its new CEO. Peters – who captained the USA 7-a-side football team ... More
21 Oct 2019
Plans have been revealed to build Europe's largest esports gaming hub in the Swedish capital Stockholm. Space Digital Culture Centres (Space) – a Swedish property ... More
18 Oct 2019
Physical activity bodies ukactive and EuropeActive have agreed to strengthen their partnership in the event of the UK leaving the European Union. ukactive CEO Huw ... More
18 Oct 2019
A long-planned project to drill for geothermal heat to power the Eden Project site in Cornwall will finally go ahead, after EU and Cornwall Council ... More
Alliance Leisure
Alliance Leisure
18 Oct 2019
David Walliams, the comedian, actor and best-selling author, is partnering with the UK's Alton Towers Resort to bring characters from his children's books to life ... More
18 Oct 2019
Funding support for York's National Railway Museum, Coventry's 2021 UK City of Culture programme and infrastructure and maintenance work at local and regional museums across ... More
18 Oct 2019
MVRDV has recently completed the WERK12 mixed-use building in Munich, Germany, with elements that can be adapted for use by different tenants and an artistic ... More
18 Oct 2019
The first-ever FIBO Southeast Asia fitness event will be held in Singapore next year. Taking place at the iconic Marina Bay Sands from 24 to ... More
18 Oct 2019
Cancer survivors should undertake a minimum of 90 minutes of aerobic and resistance training each week, according to new guidelines published in the Medicine & ... More
18 Oct 2019
Native has opened the UK's largest aparthotel, designed by Archer Humphryes Architects, in Manchester's former Ducie Street railway goods warehouse. Covering 20,000sq ft (1,900sq m), ... More
MoveGB
MoveGB
18 Oct 2019
The Health Foundation has called for a more joined-up, whole government approach to policy-making, in order to ensure the future health of young people. The ... More
17 Oct 2019
Thrive Global, the wellness and behaviour change tech firm founded by Arianna Huffington, has acquired neuroscience-based AI company Boundless Mind. Boundless specialises in behavioural design ... More
17 Oct 2019
Regular exercise is highly beneficial for all patients with cardiovascular disease regardless of age. A study published in the Canadian Journal of Cardiology investigated the ... More
STA
STA
1 - 15 of 42,130
Manchester Metropolitan University
Manchester Metropolitan University