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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.