Top 50 Companies in Travel and Tourism Market: Statistics Report Till 2035
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Travel and Tourism Market Size is projected To Grow from USD 575.3 Billion in 2024 to USD 1130 Billion by 2035, at a CAGR of 6.33% during the forecast period 2025–2035. The market for travel and tourism is growing voluntary incomes and the growth of the middle class, especially in emerging economies. The desire for leisure pursuits, such as travel and tourism, both locally and abroad, is fuelled by this increased purchasing power.
Introduction
The industry that includes corporate travel, adventure travel, cultural tourism, holiday journey, and hospitality services is represented by the global journey and tourism market. The service sector is the largest in the world and contributes adequate to global trade, GDP, and employment generation. Better connectivity through low-cost airlines and internet booking platforms, increasing disposable income, and cultural and increasing interest in experiences have contributed to the strong expansion of the market. Passengers are looking for both domestic and foreign experiences supported by technology-operated solutions, which has increased the demand even more since the recovery after expected. For example, Australia Travel and Tourism Market Size is growing rapidly day by day.
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Travel and Tourism Market Size & Statistics
- The Market Size for Travel and Tourism Was Estimated to be worth USD 575.3 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 6.33% between 2025 and 2035.
- The Global Travel and Tourism Market Size is anticipated to reach USD 1130 Billion by 2035.
- Europe is expected to generate the highest demand during the forecast period in the Travel and Tourism Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Travel and Tourism Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the Travel and Tourism market. The increased global connectedness, a growing middle class, and quick economic expansion. Both inbound and outbound tourism are rapidly increasing in nations like China, India, Thailand, and Japan. Demand in this region is being further accelerated by government attempts to promote tourism, as well as the growth of low-cost airlines and digital booking platforms.
Europe is expected to generate the highest demand during the forecast period in the Travel and Tourism market. It has modern infrastructure, historical sites, and a rich cultural legacy. Millions of tourists visit well-known locations like France, Spain, and Italy every year, helped by robust intraregional travel inside the EU. Europe also benefits from the existence of numerous international hotel companies and vast high-speed train networks.
Top 10 trends in the Travel and Tourism Market
- Growth of digital booking platforms and mobile apps.
- Rising demand for sustainable and eco-tourism.
- Increased interest in cultural and heritage travel.
- Expansion of low-cost carriers (LCCs).
- Growth in adventure and experiential travel.
- Increasing role of AI and chatbots in customer service.
- Virtual tourism and augmented reality experiences.
- Personalized travel packages using big data analytics.
- Wellness tourism and medical travel growth.
- Expansion of government initiatives to promote domestic and international tourism.
1. Growth of Digital Booking Platforms and Mobile Apps
The way individuals plan their travels has been completely transformed by the emergence of websites like Expedia, Booking.com, and Airbnb. Travellers can now instantaneously book events, lodging, and tickets thanks to mobile apps, which increases flexibility and convenience.
2. Rising Demand for Sustainable and Eco-Tourism
Travellers' preferences for eco-friendly places and operators are changing the face of tourism as a result of environmental consciousness. Low-impact travel, eco-friendly lodging, and nature-based tourism are all included in this.
3. Expansion of Low-Cost Carriers (LCCs)
The global expansion of low-cost airlines like Ryanair, AirAsia, and IndiGo has reduced the cost of both domestic and international travel. The expansion of LCCs has greatly increased outbound travel from developing nations.
4. Increasing Role of AI and Chatbots in Customer Service
Chatbots and AI-powered solutions are increasing consumer interaction by providing real-time answers, trip suggestions, and booking support. Customer happiness and personalization are improved by this technology.
5. Growth in Wellness Tourism and Medical Travel
Travelling for medical treatments, wellness, and health reasons is becoming more and more common. International medical care, yoga retreats, and spa tourism are all becoming significant sources of income for the global travel industry.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the travel and tourism market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 15 Companies Leading the Travel and Tourism Market
- United Airlines
- Southwest Airlines
- Uber
- Marriott International
- Hyatt Hotels Corporation
- Hilton Worldwide Holdings Inc.
- Carnival Cruise Line
- Royal Caribbean Group
- Norfolk Southern Corporation
- Airbnb, Inc.
- G Adventures
- Emirates
- Central Japan Railway Company
- East Japan Railway Company
- Crown Company Pvt Ltd.
1. United Airlines
Headquarters: United States
One of the largest airlines in the world, United Airlines, has a huge network of domestic and international routes. The airline offers a wide range of passenger and cargo flights, with hubs in major U.S. cities like Chicago, Houston, and Newark. United has made large investments in digital platforms and loyalty programmes to enhance the customer experience. It also highlights sustainability by introducing fuel-efficient planes and promising to reach carbon-neutral goals by 2050.
2. Airbnb, Inc.
Headquarters: United States
Airbnb has transformed the travel and hospitality sector by providing peer-to-peer lodging across the globe. It serves tourists looking for individualized and local experiences with millions of listings ranging from luxurious villas to affordable apartments. Under its "Airbnb Experiences" division, the business has also ventured into excursions and carefully planned vacation experiences. It remains a leader in alternative lodging because of its well-known brand and creative business strategy.
3. Marriott International
Headquarters: United States
One of the biggest hotel companies in the world, Marriott International, has more than 8,000 locations spread over more than 130 countries. From low-cost to high-end, the corporation operates under a number of brands, such as Courtyard, Sheraton, and Ritz-Carlton. Marriott's robust Bonvoy customer loyalty programme links millions of travellers to its extensive global network. Its initiatives in sustainable hotel operations and digital services further solidify its standing as a pioneer in the hospitality industry.
4. Emirates
Headquarters: UAE
With its main office located in Dubai, United Arab Emirates, Emirates is one of the top airlines in the world. It has come to represent luxury travel because of its cutting-edge fleet, long international itineraries, and first-rate in-flight amenities. Through its centre in Dubai, Emirates has made significant investments in long-haul links, connecting Asia, Europe, Africa, and the Americas. Its emphasis on providing exceptional customer service and strategic growth guarantees robust growth in international tourism.
5. Carnival Cruise Line
Headquarters: United States
A major force in the world of cruise tourism, Carnival Cruise Line provides luxurious and reasonably priced cruise experiences in places like the Caribbean, Europe, and Alaska. The corporation runs one of the biggest cruise ship fleets in the world, complete with leisure-oriented services. To draw in new clients, Carnival keeps making investments in eco-friendly technology, digital reservation platforms, and new ships. It is a major force behind international cruise tourism due to its well-known brand.
Are you ready to discover more about the Travel and Tourism market?
The report provides an in-depth analysis of the leading companies operating in the global travel and tourism market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- United Airlines
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Southwest Airlines
- Uber
- Marriott International
- Hyatt Hotels Corporation
- Hilton Worldwide Holdings Inc.
- Carnival Cruise Line
- Royal Caribbean Group
- Norfolk Southern Corporation
- Airbnb, Inc.
- G Adventures
- Emirates
- Central Japan Railway Company
- East Japan Railway Company
- Crown Company Pvt Ltd.
Conclusion
The Travel and Tourism Market Size strong development trajectory, supported by increasing disposable incomes, growing global connectivity, and the quick digitisation of reservations and customer service. Because of its diverse culture and advanced infrastructure, Europe continues to be the largest market, but Asia-Pacific is becoming the fastest-growing region as a result of an increase in outbound travel from China, India, and Southeast Asia. Consumer expectations and industry tactics are changing as a result of major trends like eco-tourism, wellness travel, personalised experiences, and the use of AI-driven solutions. To stay competitive, major corporations, including United Airlines, Airbnb, Marriott International, and Emirates, are making investments in digital technologies, sustainability programmes, and customer-focused services. As consumer demand for inexpensive, sustainable, and immersive travel continues to rise, the global market will continue to be a vital component of the global economy and a catalyst for cross-cultural interaction.
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