The revenue is forecast to experience significant growth in all segments in 2029. This reflects the overall trend throughout the entire forecast period from 2021 to 2029. It is estimated that the indicator is continuously rising in all segments. In this regard, the Travel & Tourism segment achieves the highest value of 265.49 billion U.S. dollars in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Travel & Tourism market encompasses a diverse range of accommodation services catering to the needs and preferences of travelers. This dynamic market includes package holidays, hotel accommodations, private vacation rentals, camping experiences, and cruises.
Structure:
The market consists of five further markets.
The Cruises market covers multi-day vacation trips on a cruise ship. The Cruises market encompasses exclusively passenger ticket revenues.
The Vacation Rentals market comprises of private accommodation bookings which includes private holiday homes and houses as well as short-term rental of private rooms or flats.
The Hotels market includes stays in hotels and professionally run guest houses.
The Package Holidays market comprises of travel deals that normally contain travel and accommodation sold for one price, although optional further provisions can be included such as catering and tourist services.
The Camping market includes bookings at camping sites for pitches using tents, campervans, or trailers. These can be associated with big chains or privately managed campsites.
Additional Information:
The main performance indicators of the Travel & Tourism market are revenues, average revenue per user (ARPU), users and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. Users represent the aggregated number of guests. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.
The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. The scope includes domestic and outbound travel.
Prominent players in this sector include online travel agencies (OTAs) like Expedia and Opodo, as well as tour operators such as TUI. Specialized platforms like Hotels.com, Booking.com, and Airbnb facilitate the online booking of hotels and private accommodations, contributing significantly to the market's vibrancy.
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Statista. (July 18, 2024). Revenue in the travel & tourism market in the United States from 2021 to 2029, (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/forecasts/891269/revenue-in-the-reisen-and-tourismus-market-in-the-united-states
Statista. "Revenue in the travel & tourism market in the United States from 2021 to 2029, (in billion U.S. dollars)." Chart. July 18, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/forecasts/891269/revenue-in-the-reisen-and-tourismus-market-in-the-united-states
Statista. (2024). Revenue in the travel & tourism market in the United States from 2021 to 2029, (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/forecasts/891269/revenue-in-the-reisen-and-tourismus-market-in-the-united-states
Statista. "Revenue in The Travel & Tourism Market in The United States from 2021 to 2029, (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Jul 2024, https://www.statista.com/forecasts/891269/revenue-in-the-reisen-and-tourismus-market-in-the-united-states
Statista, Revenue in the travel & tourism market in the United States from 2021 to 2029, (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/891269/revenue-in-the-reisen-and-tourismus-market-in-the-united-states (last visited August 24, 2024)
Revenue in the travel & tourism market in the United States from 2021 to 2029, (in billion U.S. dollars) [Graph], Statista, July 18, 2024. [Online]. Available: https://www.statista.com/forecasts/891269/revenue-in-the-reisen-and-tourismus-market-in-the-united-states