Travel & Tourism - Worldwide
- Revenue in the Travel & Tourism market is projected to reach €834.00bn in 2023.
- Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 3.84%, resulting in a projected market volume of €969.80bn by 2027.
- The market's largest segment is Hotels with a projected market volume of €398.90bn in 2023.
- In the Hotels, the number of users is expected to amount to 1,333.00m users by 2027.
- User penetration is 24.3% in 2023 and is expected to hit 27.2% by 2027.
- The average revenue per user (ARPU) is expected to amount to €447.30.
- In the Travel & Tourism market, 74% of total revenue will be generated through online sales by 2027.
- In global comparison, most revenue will be generated in the United States (€185.70bn in 2023).