By 2030, overnight tourism arrivals (i.e. international visitors staying at least one night) are projected to have grown by over 30% to two billion, aided by emerging outbound markets. Spend is also rising. Global leisure tourism expenditure in 2024 is now worth over US$5.5 trillion, a level 24% above 2019 values.
Most significantly, consumers appear to be prioritising travel with it accounting for a greater share of their spending in the major advanced economies than in the 10 years pre-pandemic.
Overall, according to Tourism Economics data, travel spending as a percentage of consumer spending reached 8.8% in 2024, compared to an average 8.2% between 2010 and 2019. Even in markets such as Asia Pacific where some destinations, notably China, have lagged the recovery, travel as a share of consumer spending is returning close to the heights of 2019.
Increased length of stay
Globally, the number of overnight stays in all paid accommodation is this year set to exceed 2023 levels by 7% and 2019 levels by 16% according to Tourism Economics. The figures do not wholly reflect a similar growth in visits however as stays are getting longer.
Average length of stay for both domestic and international travel declined in the decade prior to the pandemic but has increased in the recovery period and remains above the pre-covid average. In fact, the average length of stay in hotels on international trips was up 12% in 2024 compared to 2019, more than offsetting the 8% fall over the previous decade.
Several trends feed into this lengthening of stay. According to the Tourism Economics Travel Trends Survey, some people are choosing deeper and more sustainable ‘slow travel’ perhaps cutting frequency in favour of longer more engaged trips.
Tourism Economics also notes a significant growth in so-called ‘bleisure’ with business travellers staying on for extra leisure-orientated days.
Juliette Losardo, Exhibitor Director, WTM London, said commented: “WTM’s aim is to help attendees navigate change, ensuring travel professionals are equipped for the year ahead. Commissioning the WTM Global Travel Report supports our commitment to providing attendees with the latest trends shaping the travel landscape.
“Using an expansive databank covering more than 185 countries worldwide as destinations and as origin markets, covering all major bilateral tourism flows in terms of visits, nights and spend, as well as unique industry insights, the report gives a comprehensive outlook on tourism.”
Tags: Juliette Losardo, WTM London
