Forecast Report

Global Travel Market Forecast, 2024 To 2028

Global Travel Spending Is Ready For Take-Off

August 13th, 2024
Cindy Liu, Forecast Analyst
Cindy Liu Forecast Analyst
With contributors:
Michael O'Grady , Tom Mouhsian , Benjamin Nagle , Christine Turley

Summary

Global travel spending will fully recover to pre-pandemic levels by the end of 2024, powered by strong travel demand in North America and Europe and the resurgence of international travel in Asia Pacific. This forecast details total, domestic, and international travel growth across 14 markets that collectively account for 73% of global travel spend: Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, South Korea, Spain, the UK, and the US. It also provides projections for online travel penetration and spend across four categories (air, hotel/accommodation, car rental, and rail).

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