The demand for outbound tourism in the United States is expected to be valued at USD 108.81 billion in 2024 and reach USD 412.26 billion by 2034. Outbound tourism is expected to progress at an impressive CAGR of 14.2% through 2034.
Industry Outlook
Attributes | Key Insights |
---|---|
USA Outbound Tourism Industry Size, 2024 | USD 108.81 billion |
Industry Size, 2023 | USD 95.63 billion |
Projected Industry Size, 2034 | USD 412.26 billion |
Value-based CAGR (2024 to 2034) | 14.2% |
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Worsening geopolitical conditions and rising flight prices are factors restraining the growth of outbound tourism in the United States. Safety concern while traveling abroad is another factor impeding the growth of the industry.
Leisure travel is anticipated to account for 45.0% of the industry share in 2024. Some of the reasons it is the top reason for outbound tourism are:
Attributes | Details |
---|---|
Top Purpose | Leisure Travel |
Industry Share (2024) | 45.0% |
In 2024, families are expected to account for 44.3% of the industry share by tourist type. Some of the reasons families remain the predominant type of tourists are:
Attributes | Details |
---|---|
Top Tourist Type | Family |
Industry Share (2024) | 44.3% |
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Framing attractive packages and introducing discounts, offers, and more, is a common policy among players in the United States. Extensive trips spanning multiple countries are also being increasingly offered by these tour providers.
Butterfield & Robinson is one of the prominent players in the American outbound tourism landscape. The company is attracting consumers through its luxury tours. Other players are focused on partnerships and mergers to strengthen their position in the landscape.
Recent Developments
Attribute | Details |
---|---|
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Industry Analysis | USD billion for Value |
Key Segments Covered | Purpose, Booking Channel, Tourism Type, Tourist Type, and Age Group |
Key Companies Profiled | Butterfield & Robinson; Expedia Inc.; Priceline Group; America Express Global Business Travel; BCD Travel; Carlson Wagonlit Travel; HRG North America; FC US; America Express Travels; Travel Leaders Group |
Report Coverage | Growth Forecast, Competition Intelligence, DROT Analysis, Industry Dynamics and Challenges, Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The United States outbound tourism demand value is estimated to be USD 108.81 billion in 2024.
Outbound tourism demand is expected to reach USD 412.26 billion by the end of 2034 in the United States.
The United States is expected to register a CAGR of 14.2% over the forecast period.
Undertaking tourist expeditions to escape worsening environmental conditions and the rising popularity of medical tourism are two of the trends related to outbound tourism in the United States.
Butterfield & Robinson, Expedia Inc., Priceline Group, and America Express Global Business Travel are some of the prominent companies offering outbound tourism in The United States.
Expected Base Year Value (2024) | USD 18817.72 million |
---|---|
Anticipated Forecast Value (2034) | USD 55388.41 million |
Estimated Growth (2024 to 2034) | 11.40% CAGR |
Estimated Size (2023) | USD 5,271.0 million |
---|---|
Projected Size (2033) | USD 57,856.2 million |
Value-based CAGR (2023 to 2033) | 27.1% |
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