Travel a $15.5 Trillion Economy by 2033

Data from the World Travel & Tourism Council points to global tourism’s significant growth in the next decade

Photo by yousef alfuhigi on Unsplash

Bloomberg’’s headline states Travel Will Represent a $15.5 Trillion Economy by 2033

Data from the World Travel & Tourism Council points to global tourism’s significant growth in the next decade. That includes the US, where travel will soon be worth $3 trillion.

The crowds of travelers filling airports in many parts of the world this summer are a telltale sign of what’s ahead for tourism.

By 2033, travel is set to become a $15.5 trillion industry—accounting for more than 11.6% of the global economy. This represents a 50% increase over its $10 trillion value in 2019, when travel represented 10.4% of the world’s gross domestic product.

The 10-year forecast comes from the World Travel & Tourism Council (WTTC), the leading advocacy group dedicated to quantifying the industry’s economic impact. Although it was released in May as part of a 2023 World Economic Impact report on travel, the data hasn’t circulated beyond a small set of industry executives until now.

Are WE equipped & ready for this? Are YOU ready for this exponential growth as a travel entrepreneur?

Let me know your thoughts on this….