The automotive industry will remain vulnerable to global headwinds in 2023, including the energy crisis, slower global demand and continued supply-chain disruptions. Long-Range Weather Forecast for 2022 | The Old Farmer's Almanac Travel & tourism: global economic impact forecast 2020-2029 - Statista You can unsubscribe at any time using the link in our emails. Utah's #1 source for News, Sports, Weather and Classifieds FORECAST The world is already 1.2 degrees Celsius (2.2 degrees Fahrenheit) warmer than pre-industrial times. .chakra .wef-10kdnp0{margin-top:16px;margin-bottom:16px;line-height:1.388;}What is the Forum doing to help companies achieve profitable growth without increasing their environmental footprint? Understand the political, policy and economic outlook with EIUs award-winning forecasts, analysis and data. Highlights Revenue in the Travel & Tourism market is projected to reach US$854.80bn in 2023. U.S. +1 610 995 9600. According to new data UNWTO, more than 900 million tourists travelled internationally in 2022 double the number recorded in 2021 though still 63% of pre-pandemic levels. You only have access to basic statistics. Some islands in the Caribbean and South Asia, together with a few small destinations in Southern and Mediterranean Europe saw their best performance in Q3 2021 according to available data, with arrivals coming close to, or sometimes exceeding pre-pandemic levels. 2023 The Economist Intelligence Unit Limited. Thank you for your interest in CWT. Empower your company with insights from EIUs country and industry specialists. We also examine the challenges facing the travel and tourism sector and the trends to watch for next year. We have one of the largest and most experienced analyst teams in the world. Business travel and meetings & events are back with a vengeance spelling long-awaited growth and new beginnings for your employees. Then you can access your favorite statistics via the star in the header. Tourism outlook 2023 - Economist Intelligence Unit Learn more about how Statista can support your business. "Global tourism is on track to return to pre . Show sources information Hurricane - Category 2 Calvin 2023 | AccuWeather Data on international tourism receipts show a similar improvement in Q3 of 2021. Global Business Travel Forecast 2023 | CWT "The pandemic has been devastating for business travel and it's clear our industry will take some time to . A sense of optimism has returned to the tourism sector. . Winter will be warmer than normal, with the coldest periods in mid-November and early February. International receipts rose from an average of US$ 1,000 per arrival in 2019 to US$ 1,300 in 2020 and could exceed US$ 1,500 in 2021. Available: https://www.statista.com/statistics/274009/visitor-growth-forecast-for-global-tourism-market/, Global inbound and outbound visitor growth in 2020, with a forecast until 2024, Immediate access to statistics, forecasts & reports, Travel and tourism's total contribution to GDP in Netherlands 2019-2020, Travel & tourism spending contribution in the Netherlands 2019-2020, by spending type, Travel & tourism spending contribution in the Netherlands 2019-2020, by tourist type, Number of tourism jobs in the Netherlands 2010-2021, Change in international tourist arrivals due to COVID-19 in the Netherlands 2019-2021, Change in inbound tourism receipts due to COVID-19 in the Netherlands 2019-2020, International hotel guests in the Netherlands 2013-2022, by continent, International hotel guests in the Netherlands 2022, by region, Inbound tourists from Europe to the Netherlands 2019-2021, by country, Inbound tourism from America to the Netherlands 2019-2021, Inbound tourists from Asia to the Netherlands 2019-2021, Number of outbound trips made from the Netherlands 2012-2019, Outbound trips from the Netherlands 2019, by mode of transport, Outbound tourism trips from the Netherlands in 2019, by purpose, Outbound vacationers from the Netherlands 2017-2020, by trip length, Overnight stays for outbound trips from the Netherlands 2017-2020, by trip length, Expenditure for outbound holiday trips from the Netherlands 2017-2020, by trip length, Number of holidays abroad by Dutch tourists 2018, by period and country, Number of domestic arrivals in tourist accommodation in the Netherlands 2000-2012, Domestic hotel guests in the Netherlands 2022, by region, Domestic hotel nights in the Netherlands 2022, by region, Domestic camping holidays in the Netherlands 2017-2020, Expenditure on domestic tourism in the Netherlands 2010-2018, Average spending of domestic Dutch vacationers 2019-2020, by accommodation type, Average holiday expenditure in the Netherlands 2018-2019, by household type, International hotel guests in the Netherlands 2021, by city, Domestic hotel guests in the Netherlands 2022, by city, Number of German overnight guests in hotels in the Netherlands 2020, by city, Number of Belgian overnight guests in hotels in the Netherlands 2020, by city, Number of British overnight guests in the Netherlands 2020, by city, Number of French overnight guests in the Netherlands 2020, by city, Number of overnight guests from the United States in the Netherlands 2020, by city, Number of Chinese overnight guests in hotels in the Netherlands 2020, by city, Number of tourist arrivals from the U.S. to Europe 2019-2021, by destination, Number of tourist arrivals from Mexico to Europe 2019-2021, by region of destination, Number of tourist arrivals from Argentina to Europe 2019-2021, by destination, Number of tourist arrivals from Canada to Europe 2019-2021, by region of destination, Number of tourist arrivals from Brazil to Europe 2019-2021, by region of destination, Number of tourist arrivals from India to Europe 2019-2021, by region of destination, Monthly spending of inbound tourists traveling to Italy 2015-2016, American tourists visiting Italy 2016 by country of origin, Inbound North African tourists in Italy 2016 by country of origin, Inbound visitor growth in Africa 2020-2024, Inbound visitor growth in the Americas 2020-2024, by region, Outbound visitor growth in the Americas 2020-2024, by region, Outbound visitor growth in Africa 2020-2024, Leading source countries for international tourists to Canada 2019-2021, Most popular countries of origin for inbound air travelers in Mexico 2022, Leading source countries for international tourists to Brazil 2014, Number of Spanish tourist arrivals in Italy 2019, by region of destination, Average per capita spend of tourists in Cyprus 2019, by type, Travel and tourism in the United Kingdom (UK), Find your information in our database containing over 20,000 reports. This report . Global Travel and Tourism Market Report- Global Strategic - GlobeNewswire Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 4.41%, resulting in a projected. to incorporate the statistic into your presentation at any time. UNWTO | World Tourism Organization a UN Specialized Agency Statista. To use individual functions (e.g., mark statistics as favourites, set Whilst the global tourism body welcomes the new National Travel and Tourism Strategy, which aims to . Active. The Americas recorded the strongest inbound results in January-September, with arrivals up 1% compared to 2020 but still 65% below 2019 levels. The economic strain caused by the pandemic could also weigh on travel demand, aggravated by the recent spike in oil prices and disruption of supply chains. Growth of the overall global travel and tourism market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the. Forecast: 40% chance Earth to be hotter than Paris goal soon Mexico recorded the same earnings as in 2019, while Turkey (-20%), France (-27%) and Germany (-37%) posted comparatively smaller declines from earlier in the year. Global Adventure Tourism Market Report 2021: Market will Gradually and over 1Mio. The most important key figures provide you with a compact summary of the topic of "Tourism worldwide" and take you straight to the corresponding statistics. This text provides general information. By the end of 2024, annual business travel spending is projected to reach approximately $1.4 trillion, nearly equaling the 2019 pre-pandemic revenue peak of $1.43 trillion. Tourism Enjoys Strong Start to 2022 while Facing New Uncertainties - UNWTO Unfortunately, CWT cannot offer services in your home country at this time. To access a PDF copy of the CWT / GBTA Global Business Travel Forecast, fill out the form below. We are happy to help. As soon as this statistic is updated, you will immediately be notified via e-mail. Global energy consumption will grow by just 1.3% in 2023 amid a slowing economy and high energy prices. June 14, 2023. World Tourism Organization Informing forecast and investment decisions for financial services, Assessing business risks and opportunities for multinationals, Delivering economic and political intelligence for academic institutions, Supporting trade, international development and policy decisions for governments. Forecast Travel Forecast FORECAST June 14, 2023 Driven by Tourism Economics' travel forecasting model, the latest U.S. Travel Forecast projects the following: Domestic leisure travel is "normalizing" in 2023 with a general return to pre-pandemic trends expected in 2024 and beyond Economic Impact Research - World Travel and Tourism Council International visitor spending reached 64% of pre-pandemic levels (-36% compared to 2019, measured in real terms). The uplift in demand was driven by increased traveler confidence amid rapid progress on vaccinations and the easing of entry restrictions in many destinations. As a result, tourists are expected to increasingly seek value for money and travel closer to home. The Middle East enjoyed the strongest relative increase as arrivals climbed to 83% of pre-pandemic numbers. At the same time, strong demand from the United States, backed by a strong US dollar, will continue to benefit destinations in the region and beyond. Abbey House. An estimated 235 million tourists travelled internationally in the first three months, more than double the same . The second UNWTO World Tourism Barometer of the year shows that the sector's swift recovery has continued into 2023. International tourism receipts grew back to hit the USD1 trillion mark in 2022, growing 50% in real terms compared to 2021, driven by the important rebound in international travel. Travel & Tourism - Worldwide | Statista Market Forecast We have one of the largest and most experienced analyst teams in the world. As countries start looking for a balance, gradually lifting travel restrictions, and travellers' confidence slowly returns, the travel will gradually recover due to unleashed pent-up demand. Prior to the pandemic, Travel & Tourism (including its direct, indirect, and induced impacts) accounted for 1 in 5 new jobs created across the world during 2014-2019, and 10.3% of all jobs (334 million) and 10.4% of global GDP (US$ 10 trillion) in 2019. Currently: Hurricane - Category 3, approximately 1150 mi from the southern tip of baja california. According to the UNWTO Panel of Experts, the economic situation remains the main factor weighing on the effective recovery of international tourism in 2023, with high inflation and rising oil prices translating into higher transport and accommodations costs. Find out the latest opportunities available at Economist Intelligence. Despite recent improvements, uneven vaccination rates around the world and new Covid-19 strains could impact the already slow and fragile recovery. Tourists are nonetheless expected to increasingly seek value for money and travel closer to home in response to the challenging economic climate. If you are an admin, please authenticate by logging in again. Oxford, OX1 1HB. Global tourism to recover from pandemic by 2023, post 10-year growth Worldwide long-distance travel is likely to grow faster (5.4% each year) than travel within regions (3.8%). Tourism Statistics. 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In the short term, the resumption of travel from China is likely to benefit Asian destinations in particular. The travel and tourism industry continues to be one of the hardest hit by the coronavirus pandemic, with global international arrivals in 2022 set to remain 30% below 2019 levels. Economic factors may influence how people travel in 2023 and UNWTO expects demand for domestic and regional travel to remain strong and help drive the sector's wider recovery.". The ideal entry-level account for individual users. 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