Travel
Travel Will Add a Record $11.1 Trillion to the Global Economy in 2024
Data from the World Travel & Tourism Council reveals global tourism’s record-setting growth this year and over the next decade.
US international visitor levels haven’t yet caught up to pre-pandemic levels, but globally the industry is growing.
Photographer: Michele Pevide/E+The travel industry’s global economic impact continues to gain ground. This year, it’s expected to reach a record-breaking $11.1 trillion, surpassing its prior high of $10 trillion in 2019. In another decade, tourism is forecast to become a $16 trillion industry, at which point it would make up 11.4% of the global gross domestic product.
Today, 1 in 10 people are employed in jobs that relate to tourism; by 2034, that will climb, with an estimated 12.2% of global jobs contributing to the sector.