The post-pandemic tourism business is experiencing a robust recovery on a global scale. Notwithstanding obstacles such local tourism fatigue and climate-related worries, the industry made an astounding US$10.9 trillion contribution to the global economy in 2023. By 2034, this amount is predicted by the World Economic Forum (WEF) to increase to $16 trillion, or more than 11% of global GDP.
The United States continues to dominate the world's tourist market in 2024, contributing $2.36 trillion. China is expected to surpass the United States within the next ten years, currently holding the second position with $1.3 trillion. Japan, which ranks fourth in terms of revenue from tourism ($297 billion), has also made progress.
Germany, the UK, France, Italy, and Spain are still major European countries. In the meantime, Asian travel hotspots like Malaysia, the Philippines, and Hong Kong Special Administrative Region are quickly becoming well-known.
Countries like Saudi Arabia (+91.3%), Turkey (+38.2%), Kenya (+33.3%), Colombia (+29.1%), and Egypt (+22.9%) are seeing notable growth in foreign tourism expenditures.
In 2025, India's tourist industry made $231.6 billion, demonstrating strong expansion and significant advancements in marketing, infrastructure, and service provision. This increasing trend emphasizes India's potential as a major international tourism destination and the industry's critical role in promoting job creation and economic growth.

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