Summary
Global Travel & Tourism industry profile provides top-line qualitative and quantitative summary information including: Industry size (value 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Industry.
Key Highlights
- The travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming.
- The airlines industry comprises passenger air transportation, including both scheduled and chartered, but excludes air freight transport. Industry volumes are defined as the total number of revenue passengers carried/enplaned (departures) at all airports within the specified country or region, excluding transit passengers who arrive and depart on the same flight code. For the US and Canada, transborder passengers departing from either country are considered as part of the international segment. Industry value is defined as the total revenue obtained by airlines from transporting these passengers. This avoids the double-counting of passengers.
- The passenger rail sector consists of all passenger transport by 'heavy rail' services, including international, inter-city, regional, and suburban trains ("Commuter trains" in US terminology are included). However, light rail, tram/streetcar, Metro/Subway, and similar trains are not included.
- Sector volumes are given in passenger-kilometers (PKM) and international traffic is counted in the country of origin.
- Sector values in the report consist of revenues generated by operating companies through ticket sales, and so exclude state subsidies.
- Foodservice is defined as the value of all food and drink, including on-trade drinks not drunk with food, for immediate consumption on the premises or in designated eating areas shared with other foodservice operators, or in the case of takeaway transactions, freshly prepared food for immediate consumption. Foodservice is restricted to the sale of food and drink in specific foodservice channels defined below and excludes vending machines.
- The food service industry is valued according to total sales of all food and drink (soft and alcoholic) in or through accommodation outlets, pubs, clubs, and bars, full service restaurants, quick service restaurants and fast food, and other. The accommodation segment includes food and drinks sales in bed and breakfasts, guest houses, holiday parks, hostels, and hotels and motels. The pub, club and bar segment includes food and drink sales at nightclubs, private member and social clubs, and pubs and bars. The other segment includes food and drink sales in leisure venues, such as visitor attractions; mobile operators, such as vans and other mobile operators; retailers, such as bakeries, convenience stores, delicatessens, department stores, garden centers, service station forecourts, supermarkets and hypermarkets, and other retail sales.
- Market volume is defined as the total number of transactions.
- The hotels & motels industry value consists of all revenues generated by hotels, motels and other accommodation providers through the provision of accommodation and other services. The total value includes room revenue and non-room revenue, including casinos, shops and telecommunication services. The industry is segmented according to the origin of the revenues (leisure consumers and business consumers). Market volumes are classed as the number of hotels in a country or region.
- Travel intermediaries is part of a business that assists in selling travel products and services to customers. The products may include airline tickets, car rentals, hotels, railway tickets and package holidays that may combine several products.
- The casinos and gaming market consists of all forms of betting and gaming. All values are stated in terms of gross gaming win. This is the total amount waged by customers minus the total amount paid out to customers as winnings, but before the payment of any applicable taxes, disbursements to charitable or other causes by games established for those purposes, or other expenses.
- The casinos segment covers all gambling activities carried out within casino establishments, such as card games, roulette, and slot machines located in casinos. Tips and admission fees are included, but additional revenues such as sales of food, drink, and accommodation are excluded.
- The lotteries segment covers all state, private, and charitable lotteries, and includes traditional draws, scratchcard games, and similar products offered by lottery operators.
- The sports betting and related segment covers gambling on the outcome of horse races, football matches, and other events, and includes gambling services offered by bookmakers and also pari-mutuel/totalisator operators.
- The other segment covers bingo, slot machines located outside casinos, pachinko, etc. In North America, so-called 'Indian casinos' are covered in this segment, not the casino segment.
- Online casino and gaming activity, with the exception of online purchases of lottery entry, is not included. Recreation-only slot machines that do not pay out any form of prize are excluded.
- The report only includes gaming activities that are legal in the country where they are offered.
- All currency conversions were calculated using constant average annual 2019 exchange rates. Figures presented in this report are calculated applying the "middle path" scenario - this is based on the current situation in countries where the epidemic burst first, like China as a model countries and the announcements made by governments, stating that the abnormal situation may last up to six months.
- The assumption has been made that after this time the economy will gradually go back to the levels recorded before the pandemics by the end of the year. It is also assumed that there is no widespread economic crisis as seen back in 2008 due to announced pay-outs across countries.
- At the moment of preparation of this report in April 2020 the economic implications of the lock downs of many economics are still very difficult to predict as there is no indication how long the pandemics could last, the number of sectors forced to stay closed and the scale of the governmental' aid involved. At the same time the weight of the pandemic seriousness is applied on the individual countries in this report based on death to population ratio recorded in countries.
- Majority of the industries will see the decline in volume of the goods and services offered by companies. Usually the lower demand would cause the decrease the prices level. However, amid many governments’ ordered for many industries to lock down and so the supply chain is distorted that in great pictures mitigate the results of lower demand.
- Applied scenarios differ depending on the individual sector, however generally sectors which involves intensive manual labor and face to face interaction seem to be hit the most by present situation. On the other hand the internet based businesses as well as the producers of the vital, subsisted products and services seems to take advantages of the current events.
- The global travel & tourism industry had total revenues of $7,154.8bn in 2019, representing a compound annual growth rate (CAGR) of 3.5% between 2015 and 2019.
- The foodservice segment was the industry's most lucrative in 2019, with total revenues of $3,313.2bn, equivalent to 46.3% of the industry's overall value.
- The US is the country with the largest travel & tourism industry, and is expected to account for 26.4% of the global value, meaning that its performance weighs heavily on the global industry.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global travel & tourism Industry
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global travel & tourism Industry
- Leading company profiles reveal details of key travel & tourism Industry players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the global travel & tourism Industry with five year forecasts
Reasons to Buy
- What was the size of the global travel & tourism Industry by value in 2019?
- What will be the size of the global travel & tourism Industry in 2024?
- What factors are affecting the strength of competition in the global travel & tourism Industry?
- How has the Industry performed over the last five years?
- What are the main segments that make up the global travel & tourism Industry?
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Table of Contents
1. EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Competitive Landscape
2. Introduction
2.1. What is this report about?
2.2. Who is the target reader?
2.3. How to use this report
2.4. Definitions
3. Global Travel & Tourism
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4. Macroeconomic Indicators
4.1. Country data
5. Travel & Tourism in Asia-Pacific
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6. Travel & Tourism in Europe
6.1. Market Overview
6.2. Market Data
6.3. Market Segmentation
6.4. Market outlook
6.5. Five forces analysis
7. Macroeconomic Indicators
7.1. Country data
8. Travel & Tourism in Finland
8.1. Market Overview
8.2. Market Data
8.3. Market Segmentation
8.4. Market outlook
8.5. Five forces analysis
9. Macroeconomic Indicators
9.1. Country data
10. Travel & Tourism in France
10.1. Market Overview
10.2. Market Data
10.3. Market Segmentation
10.4. Market outlook
10.5. Five forces analysis
11. Macroeconomic Indicators
11.1. Country data
12. Travel & Tourism in Germany
12.1. Market Overview
12.2. Market Data
12.3. Market Segmentation
12.4. Market outlook
12.5. Five forces analysis
13. Macroeconomic Indicators
13.1. Country data
14. Travel & Tourism in India
14.1. Market Overview
14.2. Market Data
14.3. Market Segmentation
14.4. Market outlook
14.5. Five forces analysis
15. Macroeconomic Indicators
15.1. Country data
16. Travel & Tourism in Indonesia
16.1. Market Overview
16.2. Market Data
16.3. Market Segmentation
16.4. Market outlook
16.5. Five forces analysis
17. Macroeconomic Indicators
17.1. Country data
18. Travel & Tourism in Italy
18.1. Market Overview
18.2. Market Data
18.3. Market Segmentation
18.4. Market outlook
18.5. Five forces analysis
19. Macroeconomic Indicators
19.1. Country data
20. Travel & Tourism in Japan
20.1. Market Overview
20.2. Market Data
20.3. Market Segmentation
20.4. Market outlook
20.5. Five forces analysis
21. Macroeconomic Indicators
21.1. Country data
22. Travel & Tourism in Mexico
22.1. Market Overview
22.2. Market Data
22.3. Market Segmentation
22.4. Market outlook
22.5. Five forces analysis
23. Macroeconomic Indicators
23.1. Country data
24. Travel & Tourism in The Netherlands
24.1. Market Overview
24.2. Market Data
24.3. Market Segmentation
24.4. Market outlook
24.5. Five forces analysis
25. Macroeconomic Indicators
25.1. Country data
26. Travel & Tourism in North America
26.1. Market Overview
26.2. Market Data
26.3. Market Segmentation
26.4. Market outlook
26.5. Five forces analysis
27. Travel & Tourism in Norway
27.1. Market Overview
27.2. Market Data
27.3. Market Segmentation
27.4. Market outlook
27.5. Five forces analysis
28. Macroeconomic Indicators
28.1. Country data
29. Travel & Tourism in Russia
29.1. Market Overview
29.2. Market Data
29.3. Market Segmentation
29.4. Market outlook
29.5. Five forces analysis
30. Macroeconomic Indicators
30.1. Country data
31. Travel & Tourism in Singapore
31.1. Market Overview
31.2. Market Data
31.3. Market Segmentation
31.4. Market outlook
31.5. Five forces analysis
32. Macroeconomic Indicators
32.1. Country data
33. Travel & Tourism in South Africa
33.1. Market Overview
33.2. Market Data
33.3. Market Segmentation
33.4. Market outlook
33.5. Five forces analysis
34. Macroeconomic Indicators
34.1. Country data
35. Travel & Tourism in South Korea
35.1. Market Overview
35.2. Market Data
35.3. Market Segmentation
35.4. Market outlook
35.5. Five forces analysis
36. Macroeconomic Indicators
36.1. Country data
37. Travel & Tourism in Spain
37.1. Market Overview
37.2. Market Data
37.3. Market Segmentation
37.4. Market outlook
37.5. Five forces analysis
38. Macroeconomic Indicators
38.1. Country data
39. Travel & Tourism in Sweden
39.1. Market Overview
39.2. Market Data
39.3. Market Segmentation
39.4. Market outlook
39.5. Five forces analysis
40. Macroeconomic Indicators
40.1. Country data
41. Travel & Tourism in Turkey
41.1. Market Overview
41.2. Market Data
41.3. Market Segmentation
41.4. Market outlook
41.5. Five forces analysis
42. Macroeconomic Indicators
42.1. Country data
43. Travel & Tourism in The United Kingdom
43.1. Market Overview
43.2. Market Data
43.3. Market Segmentation
43.4. Market outlook
43.5. Five forces analysis
44. Macroeconomic Indicators
44.1. Country data
45. Travel & Tourism in The United States
45.1. Market Overview
45.2. Market Data
45.3. Market Segmentation
45.4. Market outlook
45.5. Five forces analysis
46. Macroeconomic Indicators
46.1. Country data
47. Travel & Tourism in Australia
47.1. Market Overview
47.2. Market Data
47.3. Market Segmentation
47.4. Market outlook
47.5. Five forces analysis
48. Macroeconomic Indicators
48.1. Country data
49. Travel & Tourism in Brazil
49.1. Market Overview
49.2. Market Data
49.3. Market Segmentation
49.4. Market outlook
49.5. Five forces analysis
50. Macroeconomic Indicators
50.1. Country data
51. Travel & Tourism in Canada
51.1. Market Overview
51.2. Market Data
51.3. Market Segmentation
51.4. Market outlook
51.5. Five forces analysis
52. Macroeconomic Indicators
52.1. Country data
53. Travel & Tourism in China
53.1. Market Overview
53.2. Market Data
53.3. Market Segmentation
53.4. Market outlook
53.5. Five forces analysis
54. Macroeconomic Indicators
54.1. Country data
55. Travel & Tourism in Denmark
55.1. Market Overview
55.2. Market Data
55.3. Market Segmentation
55.4. Market outlook
55.5. Five forces analysis
56. Macroeconomic Indicators
56.1. Country data
57. Company Profiles
57.1. Shanghai Jin Jiang International Hotels (Group) Co Ltd
57.2. S Group
57.3. Hesburger
57.4. Sokos Hotels
57.5. Finnair Oyj
57.6. Lapland Hotels Oy
57.7. Groupe Le Duff SA
57.8. SEH United Hoteliers France
57.9. Contact-Hotel Association
57.10. NORDSEE GmbH
57.11. Ringhotels EV
57.12. Deutsche Lufthansa AG
57.13. Air India Ltd
57.14. MakeMyTrip Ltd
57.15. AirAsia Group Berhad
57.16. Santika Indonesia Hotels & Resorts
57.17. PT Es Teler 77
57.18. Cigierre - Compagnia Generale Ristorazione SpA
57.19. Cremonini SpA
57.20. Alitalia - Societa Aerea Italiana S.p.A.
57.21. Skylark Holdings Co Ltd
57.22. Route Inn Japan Co Ltd
57.23. Toyoko Inn Co Ltd
57.24. Akindo Sushiro Co Ltd
57.25. Central Japan Railway Company
57.26. Alsea SAB de CV
57.27. ABC Aerolineas SA de CV
57.28. Aeroenlaces Nacionales SA De CV
57.29. Grupo Aeromexico SAB de CV
57.30. Concesionaria Vuela Compania de Aviacion SA de CV
57.31. Sligro Food Group NV
57.32. Fletcher Hotel Group
57.33. Van der Valk Hotels & Restaurants
57.34. TUI Group
57.35. Thon Hotels
57.36. NorgesGruppen ASA
57.37. Radisson Hotel Group
57.38. Aeroflot OAO
57.39. UTair Aviation JSC
57.40. Genting Singapore Limited
57.41. Las Vegas Sands Corp
57.42. Singapore Airlines Ltd
57.43. Qantas Airways Limited
57.44. Famous Brands Ltd (Foodservice)
57.45. Tsogo Sun Gaming Limited
57.46. South African Express Airways (Pty) Ltd
57.47. Hospitality Property Fund Limited
57.48. South African Airways SOC
57.49. CJ Corp
57.50. Kangwon Land Inc
57.51. Korean Air Lines Co Ltd
57.52. MPK Group Inc
57.53. Grand Korea Leisure Co Ltd
57.54. Melia Hotels International SA
57.55. Restalia Grupo de Eurorestauracion SL
57.56. NH Hotel Group SA
57.57. International Consolidated Airlines Group SA
57.58. Barcelo Hotels and Resorts
57.59. Nordic Choice Hotels AS
57.60. First Hotels AS
57.61. Max Burger AB
57.62. Ryanair Holdings plc
57.63. Turkish Airlines
57.64. MADO Ice Cream & Foodstuffs Co Ltd
57.65. Greene King PLC
57.66. InterContinental Hotels Group Plc
57.67. Travelodge Hotels Ltd.
57.68. Ei Group plc
57.69. Whitbread PLC
57.70. Travelport Worldwide Ltd
57.71. Thomas Cook Group plc
57.72. Southwest Airlines Co
57.73. United Airlines Holdings Inc
57.74. Hilton Worldwide Holdings Inc
57.75. Australian Leisure and Hospitality Group
57.76. Flight Centre Travel Group Ltd
57.77. Domino's Pizza, Inc.
57.78. AccorHotels
57.79. Anheuser-Busch InBev SA/NV
57.80. Booking Holdings Inc
57.81. CVC Brasil Operadora e Agencia de Viagens SA
57.82. Expedia Group Inc
57.83. Hotel Nacional Inn
57.84. Choice Hotels International Inc
57.85. Wyndham Hotels and Resorts LLC
57.86. Doctor's Associates Inc
57.87. Delta Air Lines Inc
57.88. WestJet Airlines Ltd
57.89. Marriott International Inc
57.90. Air Canada
57.91. American Airlines Group Inc.
57.92. Yum! Brands, Inc.
57.93. Huazhu Group Ltd
57.94. China Southern Airlines Company Limited
57.95. Starbucks Corporation
57.96. GreenTree Hospitality Group Ltd
57.97. China Eastern Airlines Corp Ltd
57.98. McDonald's Corp
57.99. Restaurant Brands International Inc
57.100. Scandic Hotels AB
57.101. Comwell AS
57.102. Best Western International Inc
57.103. Air France-KLM SA
57.104. easyJet Plc
57.105. SAS AB
57.106. Norwegian Air Shuttle ASA
58. Appendix
58.1. Methodology
58.2. About MarketLine
List of Tables
Table 1: Global travel & tourism industry value: $ billion, 2015-19
Table 2: Global travel & tourism industry category segmentation: $ billion, 2019
Table 3: Global travel & tourism industry geography segmentation: $ billion, 2019
Table 4: Global travel & tourism industry value forecast: $ billion, 2019-24
Table 5: Global size of population (million), 2015-19
Table 6: Global gdp (constant 2005 prices, $ billion), 2015-19
Table 7: Global gdp (current prices, $ billion), 2015-19
Table 8: Global inflation, 2015-19
Table 9: Global consumer price index (absolute), 2015-19
Table 10: Global exchange rate, 2015-19
Table 11: Asia-Pacific travel & tourism industry value: $ billion, 2015-19
Table 12: Asia-Pacific travel & tourism industry category segmentation: $ billion, 2019
Table 13: Asia-Pacific travel & tourism industry geography segmentation: $ billion, 2019
Table 14: Asia-Pacific travel & tourism industry value forecast: $ billion, 2019-24
Table 15: Europe travel & tourism industry value: $ billion, 2015-19
Table 16: Europe travel & tourism industry category segmentation: $ billion, 2019
Table 17: Europe travel & tourism industry geography segmentation: $ billion, 2019
Table 18: Europe travel & tourism industry value forecast: $ billion, 2019-24
Table 19: Europe size of population (million), 2015-19
Table 20: Europe gdp (constant 2005 prices, $ billion), 2015-19
Table 21: Europe gdp (current prices, $ billion), 2015-19
Table 22: Europe inflation, 2015-19
Table 23: Europe consumer price index (absolute), 2015-19
Table 24: Europe exchange rate, 2015-19
Table 25: Finland travel & tourism industry value: $ billion, 2015-19
Table 26: Finland travel & tourism industry category segmentation: $ billion, 2019
Table 27: Finland travel & tourism industry geography segmentation: $ billion, 2019
Table 28: Finland travel & tourism industry value forecast: $ billion, 2019-24
Table 29: Finland size of population (million), 2015-19
Table 30: Finland gdp (constant 2005 prices, $ billion), 2015-19
Table 31: Finland gdp (current prices, $ billion), 2015-19
Table 32: Finland inflation, 2015-19
Table 33: Finland consumer price index (absolute), 2015-19
Table 34: Finland exchange rate, 2015-19
Table 35: France travel & tourism industry value: $ billion, 2015-19
Table 36: France travel & tourism industry category segmentation: $ billion, 2019
Table 37: France travel & tourism industry geography segmentation: $ billion, 2019
Table 38: France travel & tourism industry value forecast: $ billion, 2019-24
Table 39: France size of population (million), 2015-19
Table 40: France gdp (constant 2005 prices, $ billion), 2015-19
Table 41: France gdp (current prices, $ billion), 2015-19
Table 42: France inflation, 2015-19
Table 43: France consumer price index (absolute), 2015-19
Table 44: France exchange rate, 2015-19
Table 45: Germany travel & tourism industry value: $ billion, 2015-19
Table 46: Germany travel & tourism industry category segmentation: $ billion, 2019
Table 47: Germany travel & tourism industry geography segmentation: $ billion, 2019
Table 48: Germany travel & tourism industry value forecast: $ billion, 2019-24
Table 49: Germany size of population (million), 2015-19
Table 50: Germany gdp (constant 2005 prices, $ billion), 2015-19
Table 51: Germany gdp (current prices, $ billion), 2015-19
Table 52: Germany inflation, 2015-19
List of Figures
Figure 1: Global travel & tourism industry value: $ billion, 2015-19
Figure 2: Global travel & tourism industry category segmentation: % share, by value, 2019
Figure 3: Global travel & tourism industry geography segmentation: % share, by value, 2019
Figure 4: Global travel & tourism industry value forecast: $ billion, 2019-24
Figure 5: Forces driving competition in the global travel & tourism industry, 2019
Figure 6: Drivers of buyer power in the global travel & tourism industry, 2019
Figure 7: Drivers of supplier power in the global travel & tourism industry, 2019
Figure 8: Factors influencing the likelihood of new entrants in the global travel & tourism industry, 201
Figure 9: Factors influencing the threat of substitutes in the global travel & tourism industry, 2019
Figure 10: Drivers of degree of rivalry in the global travel & tourism industry, 2019
Figure 11: Asia-Pacific travel & tourism industry value: $ billion, 2015-19
Figure 12: Asia-Pacific travel & tourism industry category segmentation: % share, by value, 2019
Figure 13: Asia-Pacific travel & tourism industry geography segmentation: % share, by value, 2019
Figure 14: Asia-Pacific travel & tourism industry value forecast: $ billion, 2019-24
Figure 15: Forces driving competition in the travel & tourism industry in Asia-Pacific, 2019
Figure 16: Drivers of buyer power in the travel & tourism industry in Asia-Pacific, 2019
Figure 17: Drivers of supplier power in the travel & tourism industry in Asia-Pacific, 2019
Figure 18: Factors influencing the likelihood of new entrants in the travel & tourism industry in Asia-Pacific, 2019
Figure 19: Factors influencing the threat of substitutes in the travel & tourism industry in Asia-Pacific, 2019
Figure 20: Drivers of degree of rivalry in the travel & tourism industry in Asia-Pacific, 2019
Figure 21: Europe travel & tourism industry value: $ billion, 2015-19
Figure 22: Europe travel & tourism industry category segmentation: % share, by value, 2019
Figure 23: Europe travel & tourism industry geography segmentation: % share, by value, 2019
Figure 24: Europe travel & tourism industry value forecast: $ billion, 2019-24
Figure 25: Forces driving competition in the travel & tourism industry in Europe, 2019
Figure 26: Drivers of buyer power in the travel & tourism industry in Europe, 2019
Figure 27: Drivers of supplier power in the travel & tourism industry in Europe, 2019
Figure 28: Factors influencing the likelihood of new entrants in the travel & tourism industry in Europe, 2019
Figure 29: Factors influencing the threat of substitutes in the travel & tourism industry in Europe, 2019
Figure 30: Drivers of degree of rivalry in the travel & tourism industry in Europe, 2019
Figure 31: Finland travel & tourism industry value: $ billion, 2015-19
Figure 32: Finland travel & tourism industry category segmentation: % share, by value, 2019
Figure 33: Finland travel & tourism industry geography segmentation: % share, by value, 2019
Figure 34: Finland travel & tourism industry value forecast: $ billion, 2019-24
Figure 35: Forces driving competition in the travel & tourism industry in Finland, 2019
Figure 36: Drivers of buyer power in the travel & tourism industry in Finland, 2019
Figure 37: Drivers of supplier power in the travel & tourism industry in Finland, 2019
Figure 38: Factors influencing the likelihood of new entrants in the travel & tourism industry in Finland, 2019
Figure 39: Factors influencing the threat of substitutes in the travel & tourism industry in Finland, 2019
Figure 40: Drivers of degree of rivalry in the travel & tourism industry in Finland, 2019
Figure 41: France travel & tourism industry value: $ billion, 2015-19
Figure 42: France travel & tourism industry category segmentation: % share, by value, 2019
Figure 43: France travel & tourism industry geography segmentation: % share, by value, 2019
Figure 44: France travel & tourism industry value forecast: $ billion, 2019-24
Figure 45: Forces driving competition in the travel & tourism industry in France, 2019
Figure 46: Drivers of buyer power in the travel & tourism industry in France, 2019
Figure 47: Drivers of supplier power in the travel & tourism industry in France, 2019
Figure 48: Factors influencing the likelihood of new entrants in the travel & tourism industry in France, 2019
Figure 49: Factors influencing the threat of substitutes in the travel & tourism industry in France, 2019
Figure 50: Drivers of degree of rivalry in the travel & tourism industry in France, 2019
Figure 51: Germany travel & tourism industry value: $ billion, 2015-19
