Europe Travel and Tourism Market sales volume from 2022-2031

According to a new market report published by Transparency Market Research titled 'Travel & Tourism Spending Market ((Travel Days - Within 7 Days, 7-15 Days, and More than 15 Days); (Travel Type - Leisure Spending and Business Spending); (Application - Domestic Spending and International Spending)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027, the travel & tourism market is expected to reach US$ 13,556.4 Bn by 2027, expanding at a CAGR of 5.2% from 2019 to 2027. The market is segmented by regions into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

Get report details-https://www.transparencymarketresearch.com/travel-tourism-market.html

The travel & tourism market in North America is a mature and organized market and the second largest in the world. According to the UN World Tourism Organization (UNWTO) Report 2018, the number of international tourist arrivals in North America (including Caribbean and Central America) increased from 97.1 million in 1995 to 174.0 million in 2017, holding a market share of 13.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 3.7%. The U.S. is the largest travel and tourism market in North America.

The U.S. travel & tourism market is the largest and most organized and mature market in North America. As per the UNWTO Report 2018, the number of international tourist arrivals in the U.S. increased from 60,010 in 2010 to 76,941 in 2017, holding a market share of 36.5% in 2017 of international tourist arrivals in the whole of the Americas.

Grab an Exclusive PDF Sample for Industrial Insights and business Intelligence -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=61389

The travel & tourism market in Europe is the third largest in the world and is also a mature and organized market. As per the UNWTO Report 2018, the number of international tourist arrivals in Europe increased from 308.5 million in 1995 to 671.7 million in 2017, holding a market share of 51.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 3.3%. In the Europe travel & tourism market, Germany, the U.K., and France are the top three travel and tourism markets. Germany is the largest travel and tourism market in Europe, followed by the U.K. and France.

Asia Pacific is the largest travel & tourism market in the world and is a growing market. As per the UNWTO Report 2018, the number of international tourist arrivals in Asia Pacific has increased from 82.0 million in 1995 to 323.1 million in 2017, holding a market share of 24.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 6.4%. In the Asia Pacific travel & tourism market, China, Japan, and India are the top three travel and tourism markets. China is the largest travel and tourism market in Asia Pacific followed by Japan and India.

Delivering excellent customer service, Enquiry before Buying -
https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=61389

Middle East & Africa (MEA) is a growing travel & tourism market. As per the UNWTO Report 2018, the number of international tourist arrivals in MEA has increased from 31.4 million in 1995 to 120.8 million in 2017, holding a market share of 9.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 4.9%.In the MEA travel & tourism market, GCC and South Africa are the top two travel and tourism markets.

The South America travel & tourism market is a growing market. As per the UNWTO Report 2018, the number of international tourist arrivals in South America increased from 11.7 million in 1995 to 36.7 million in 2017, holding a market share of 3.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 6.0%. Brazil is the largest travel and tourism market in South America.

The study provides a conclusive view of the global travel & tourism market by segmenting it in terms of travel days, travel type, and application. In terms of travel days, the global travel & tourism market has been classified into within 7 days, 7-15 days, and more than 15 days. In terms of travel type, the market has been segmented into leisure spending and business spending. In terms of application, the market is segmented into domestic spending and international spending.

Custom Market Research Services, Request Customization -
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=61389

The report highlights major companies operating in the global travel & tourism market including TUI Group, Hilton Worldwide Holdings Inc., Carnival Corporation & plc, Airbnb, Inc., Crown Resorts Ltd., Accor plc, Balkan Holidays Ltd., G Adventures, Adris Grupa d.d., and OYO Rooms.

About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers Market Analysis Reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: 1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

This release was published on openPR.