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Revenue in the Travel & Tourism market amounts to US$685,065m in 2019.<br>The market's largest segment is Hotels with a market volume of US$368,359m in 2019.<br>In global comparison, most revenue is generated in the United States (US$156,266m in 2019).<br>Revenue is expected to show an annual growth rate (CAGR 2019-2023) of 4.0%, resulting in a market volume of US$801,657m by 2023.<br>
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Worldwide Revenue In The Travel & Tourism Market By Segment (In Million US $)
Worldwide Revenue in the Travel & Tourism Market by Segment • Revenue in the Travel & Tourism market amounts to US$685,065m in 2019. • The market's largest segment is Hotels with a market volume of US$368,359m in 2019. • In global comparison, most revenue is generated in the United States (US$156,266m in 2019). • Revenue is expected to show an annual growth rate (CAGR 2019-2023) of 4.0%, resulting in a market volume of US$801,657m by 2023. List of Market Segments: • Cruises • Vacation Rentals • Hotels • Package Holidays Source: www.statista.com www.bluehwaleacacdemy.com | No.1 Travel & Tourism Institute in Mumbai
Worldwide Revenue in the Travel & Tourism Market by Segment Cruises: • Revenue in the Cruises segment amounts to US$27,218m in 2019. • The average revenue per user (ARPU) currently amounts to US$949.93. • In global comparison, most revenue is generated in the United States (US$13,362m in 2019). • Revenue is expected to show an annual growth rate (CAGR 2019-2023) of 3.7%, resulting in a market volume of US$31,517m by 2023. • User penetration is 0.4% in 2019 and is expected to hit 0.4% by 2023 Source: www.statista.com www.bluehwaleacacdemy.com | No.1 Travel & Tourism Institute in Mumbai
Worldwide Revenue in the Travel & Tourism Market by Segment Vacation Rentals: • Revenue in the Vacation Rentals segment amounts to US$83,984m in 2019. • The average revenue per user (ARPU) currently amounts to US$108.05. • In global comparison, most revenue is generated in the United States (US$17,507m in 2019). • Revenue is expected to show an annual growth rate (CAGR 2019-2023) of 3.7%, resulting in a market volume of US$97,010m by 2023. • User penetration is 10.6% in 2019 and is expected to hit 11.0% by 2023. Source: www.statista.com www.bluehwaleacacdemy.com | No.1 Travel & Tourism Institute in Mumbai
Worldwide Revenue in the Travel & Tourism Market by Segment Hotels: • Revenue in the Hotels segment amounts to US$368,359m in 2019. • The average revenue per user (ARPU) currently amounts to US$329.47. • In global comparison, most revenue is generated in the United States (US$87,000m in 2019). • Revenue is expected to show an annual growth rate (CAGR 2019-2023) of 4.1%, resulting in a market volume of US$432,095m by 2023. • User penetration is 15.2% in 2019 and is expected to hit 16.2% by 2023. Source: www.statista.com www.bluehwaleacacdemy.com | No.1 Travel & Tourism Institute in Mumbai
Worldwide Revenue in the Travel & Tourism Market by Segment Package Holidays: • Revenue in the Package Holiday segment amounts to US$205,504m in 2019. • The average revenue per user (ARPU) currently amounts to US$453.17. • In global comparison, most revenue is generated in the United States (US$38,396m in 2019). • Revenue is expected to show an annual growth rate (CAGR 2019-2023) of 4.1%, resulting in a market volume of US$241,035m by 2023. • User penetration is 6.2% in 2019 and is expected to hit 6.3% by 2023. Source: www.statista.com www.bluehwaleacacdemy.com | No.1 Travel & Tourism Institute in Mumbai
About Blue Whale Academy • Blue Whale Academy has many years of work experience in conducting travel & tourism related courses. • The academy is well recognised by the industry for its intensive professional training and making students employable at various levels in the travel & tourism industry • The academy has trained hundreds of students in various courses including university programs such as BBA, MBA, PGDM • Blue Whale Academy has a track record of nearly 100% placement www.bluehwaleacacdemy.com | No.1 Travel & Tourism Institute in Mumbai
About Blue Whale Academy • Blue Whale Academy is an accredited training partner of NSDC (National Skills Development Corporation), Govt. of India for addressing the skill requirement of the travel industry and for preparing students for job specific courses through its short term courses. • Blue Whale Academy is the educational partner of DY Patil University (School of Open and Distance Learning) for conducting courses to prepare students who aspire for University Bachelor’s Degree in Management in different streams such as Travel, Tourism, Hospitality, Aviation, and general BBA. www.bluehwaleacacdemy.com | No.1 Travel & Tourism Institute in Mumbai
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