tourism revenue what is

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Travel and Tourism

Travel and tourism satellite account for 2018-2022.

The travel and tourism industry—as measured by the real output of goods and services sold directly to visitors—increased 21.0 percent in 2022 after increasing 53.6 percent in 2021, according to the most recent statistics from BEA’s Travel and Tourism Satellite Account.

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• U.S. Travel and Tourism Satellite Account for 2018–2022 By Hunter Arcand and Paul Kern - Survey of Current Business April 2024
• "U.S. Travel and Tourism Satellite Account for 2015–2019" By Sarah Osborne - Survey of Current Business December 2020
• "U.S. Travel and Tourism Satellite Account for 2015-2017" By Sarah Osborne and Seth Markowitz - Survey of Current Business June 2018
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What is Travel and Tourism?

Measures how much tourists spend and the prices they pay for lodging, airfare, souvenirs, and other travel-related items. These statistics also provide a snapshot of employment in the travel and tourism industries.

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By: Bastian Herre and Veronika Samborska

Tourism has massively increased in recent decades. Aviation has opened up travel from domestic to international. Before the COVID-19 pandemic, the number of international visits had more than doubled since 2000.

Tourism can be important for both the travelers and the people in the countries they visit.

For visitors, traveling can increase their understanding of and appreciation for people in other countries and their cultures.

And in many countries, many people rely on tourism for their income. In some, it is one of the largest industries.

But tourism also has externalities: it contributes to global carbon emissions and can encroach on local environments and cultures.

On this page, you can find data and visualizations on the history and current state of tourism across the world.

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What Is Tourism Revenue?

By Michael Ferguson

Tourism Revenue: Understanding the Concept and Its Impact on the Economy

Tourism is a booming industry, and it’s not just about traveling to new destinations or experiencing new cultures. In fact, tourism plays a significant role in generating revenue for countries around the world.

Tourism revenue refers to the money earned by a destination country from travelers who visit it for leisure or business purposes. In this article, we will explore what tourism revenue is, how it’s calculated, and its impact on the economy.

What is Tourism Revenue?

Tourism revenue refers to the financial gain that comes from tourists’ expenses when they travel to a particular destination. These expenses can include everything from accommodation costs and transportation fees to food and beverage expenditures, sightseeing fees, and shopping expenses. Essentially, any expense made by tourists during their stay in a country contributes to its tourism revenue.

How is Tourism Revenue Calculated?

The calculation of tourism revenue can be complex as it involves taking into account various factors such as the number of tourists visiting a country, their length of stay, their expenditure patterns, etc. One way of calculating tourism revenue is by using the Travel and Tourism Competitiveness Index (TTCI) developed by the World Economic Forum. The TTCI measures the competitiveness of countries in terms of attracting tourists based on various factors such as safety and security conditions, natural resources, cultural resources, infrastructure development, etc.

Another way of calculating tourism revenue is through surveys conducted by government agencies or private organizations that collect data on tourist arrivals and their expenditure patterns. These surveys help in determining how much money tourists are spending on different activities during their stay in a particular destination.

• Tourist Arrivals: The number of tourists visiting a country directly affects tourism revenue as more visitors mean more money spent.
• Average Length of Stay: The longer the average stay of tourists, the more money they are likely to spend on various activities.
• Expenditure Patterns: The amount of money tourists spend on accommodation, food, shopping, and other activities can vary depending on the destination and the type of traveler.
• Tourism Infrastructure: The availability of tourism infrastructure such as airports, hotels, and transportation facilities can also impact tourism revenue as it can make a destination more attractive to visitors.

The Impact of Tourism Revenue on the Economy

Tourism revenue has a significant impact on the economy of a destination country. It contributes to the creation of jobs in various sectors such as hospitality, transportation, and retail.

It also helps in boosting local businesses by increasing demand for goods and services. Additionally, tourism revenue can help a country earn foreign exchange and reduce its trade deficit by generating income from outside sources.

However, tourism revenue is not always distributed equally across different regions or communities within a country. Some areas may benefit more than others due to factors such as accessibility or infrastructure development. Moreover, over-reliance on tourism revenue can also have negative consequences for a destination country if it leads to environmental degradation or social issues such as overcrowding or cultural erosion.

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The tourism sector provides opportunities for developing countries to create productive and inclusive jobs, grow innovative firms, finance the conservation of natural and cultural assets, and increase economic empowerment, especially for women, who comprise the majority of the tourism sector’s workforce. Before the COVID-19 pandemic, tourism was the world’s largest service sector—providing one in ten jobs worldwide,  almost seven percent of all international trade and  25 percent of the world’s service exports —a critical foreign exchange generator.  In 2019 the sector was valued at more than US$9 trillion and accounted for 10.4 percent of global GDP.

Tourism offers opportunities for economic diversification and market-creation. When effectively managed, its deep local value chains can expand demand for existing and new products and services that directly and positively impact the poor and rural/isolated communities. The sector can also be a force for biodiversity conservation, heritage protection, and climate-friendly livelihoods, making up a key pillar of the blue/green economy. This potential is also associated with social and environmental risks, which need to be managed and mitigated to maximize the sector’s net-positive benefits.

The impact of the COVID-19 pandemic has been devastating for tourism service providers, with a loss of 20 percent of all tourism jobs (62 million), and US$1.3 trillion in export revenue, leading to a reduction of 50 percent of its  contribution to GDP  in 2020 alone. The collapse of demand has severely impacted the livelihoods of tourism-dependent communities, small businesses and women-run enterprises. It has also reduced government tax revenues and constrained the availability of resources for destination management and site conservation.

Naturalist local guide with group of tourist in Cuyabeno Wildlife Reserve Ecuador. Photo: Ammit Jack/Shutterstock

Tourism and Competitiveness Strategic Pillars

Our solutions are integrated across the following areas:

• Competitive and Productive Tourism Markets. We work with government and private sector stakeholders to foster competitive tourism markets that create productive jobs, improve visitor expenditure and impact, and are supportive of high-growth, innovative firms. To do so we offer guidance on firm and destination level recovery, policy and regulatory reforms, demand diversification, investment promotion and market access. 
• Blue, Green and Resilient Tourism Economies. We support economic diversification to sustain natural capital and tourism assets, prepare for external and climate-related shocks, and be sustainably managed through strong policy, coordination, and governance improvements. To do so we offer support to align the tourism enabling and policy environment towards sustainability, while improving tourism destination and site planning, development, and management. We work with governments to enhance the sector’s resilience and to foster the development of innovative sustainable financing instruments.
• Inclusive Value Chains. We work with client governments and intermediaries to support Small and Medium sized Enterprises (SMEs), and strengthen value chains that provide equitable livelihoods for communities, women, youth, minorities, and local businesses. 

The successful design and implementation of reforms in the tourism space requires the combined effort of diverse line ministries and agencies, and an understanding of the impact of digital technologies in the industry. Accordingly, our teams support cross-cutting issues of tourism governance and coordination, digital innovation and the use and application of data throughout the three focus areas of work.

Tourism and Competitiveness Theory of Change 

Examples of our projects:

• In Indonesia , a US$955m loan is supporting the Government’s Integrated Infrastructure Development for National Tourism Strategic Areas Project. This project is designed to improve the quality of, and access to, tourism-relevant basic infrastructure and services, strengthen local economy linkages to tourism, and attract private investment in selected tourism destinations. In its initial phases, the project has supported detailed market and demand analyses needed to justify significant public investment, mobilized integrated tourism destination masterplans for each new destination and established essential coordination mechanisms at the national level and at all seventeen of the Project’s participating districts and cities.
• In Madagascar , a series of projects totaling US$450m in lending and IFC Technical Assistance have contributed to the sustainable growth of the tourism sector by enhancing access to enabling infrastructure and services in target regions. Activities under the project focused on providing support to SMEs, capacity building to institutions, and promoting investment and enabling environment reforms. They resulted in the creation of more than 10,000 jobs and the registration of more than 30,000 businesses. As a result of COVID-19, the project provided emergency support both to government institutions (i.e., Ministry of Tourism) and other organizations such as the National Tourism Promotion Board to plan, strategize and implement initiatives to address effects of the pandemic and support the sector’s gradual relaunch, as well as to directly support tourism companies and workers groups most affected by the crisis. 
• In Sierra Leone , an Economic Diversification Project has a strong focus on sustainable tourism development.  The project is contributing significantly to the COVID-19 recovery, with its focus on the creation of six new tourism destinations, attracting new private investment, and building the capacity of government ministries to successfully manage and market their tourism assets.  This project aims to contribute to the development of more circular economy tourism business models, and support the growth of women- run tourism businesses.  
• Through the Rebuilding Tourism Competitiveness: Tourism Response, Recovery and Resilience to the COVID-19 Crisis initiative and the Tourism for Development Learning Series , we held webinars, published insights and guidance notes as well as formed new partnerships with Organization of Eastern Caribbean States, United Nations Environment Program, United Nations World Tourism Organization, and World Travel and Tourism Council to exchange knowledge on managing tourism throughout the pandemic, planning for recovery and building back better. The initiative’s key Policy Note has been downloaded more than 20,000 times and has been used to inform recovery initiatives in over 30 countries across 6 regions.
• The Global Aviation Dashboard  is a platform that visualizes real-time changes in global flight movements, allowing users to generate 2D & 3D visualizations, charts, graphs, and tables; and ranking animations for: flight volume, seat volume, and available seat kilometers.  Data is available for domestic, intra-regional, and inter-regional routes across all regions, countries, airports, and airlines on a daily, weekly, or monthly basis from January 2020 until today. The dashboard has been used to track the status and recovery of global travel and inform policy and operational actions.

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• Hartwig Schafer ,  Regional collaboration can help South Asian nations rebuild and strengthen tourism industry  | July 23 rd  2020
• Caroline Freund ,  We can’t travel, but we can take measures to preserve jobs in the tourism industry  | March 20 th  2020

Featured Webinars

• Destination Management for Resilient Growth . This webinar looks at emerging destinations at the local level to examine the opportunities, examples, and best tools available. Destination Management Handbook
• Launch of the Future of Pacific Tourism. This webinar goes through the results of the new Future of Pacific Tourism report. It was launched by FCI Regional and Global Managers with Discussants from the Asian Development Bank and Intrepid Group.
• Circular Economy and Tourism . This webinar discusses how new and circular business models are needed to change the way tourism operates and enable businesses and destinations to be sustainable.
• Closing the Gap: Gender in Projects and Analytics .  The purpose of this webinar is to raise awareness on integrating gender considerations into projects and provide guidelines for future project design in various sectoral areas.
• WTO Tourism Resilience: Building forward Better. High-level panelists from Sri Lanka, Costa Rica, Jordan and Kenya discuss how donors, governments and the private sector can work together most effectively to rebuild the tourism industry and improve its resilience for the future.
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Chitra Samaroo

Business of Tourism: What You Need to Know

Table of Contents

The business of tourism is a powerful engine for economic growth , connecting industries and creating jobs worldwide. Whether you’re involved in hospitality, travel, or event management, this sector offers many opportunities. 

Tourism’s impact is undeniable, from boosting local economies to shaping global trends . This article will explore the benefits, management strategies, and real-world examples of how tourism works. Grasping these elements is essential for anyone succeeding in this ever-evolving industry.

What is the Business of Tourism?

The business of tourism is a broad industry that involves travel, hospitality, and experiences designed to attract visitors to various destinations. It plays an important role in local and global economies by creating jobs, supporting businesses , and promoting cultural exchange. At its core, the business of tourism is about providing services that make travel enjoyable and convenient for people.

Connecting Different Sectors

One of the defining features of the business of tourism is how it connects various sectors. Tourism combines hospitality services like hotels, resorts, and restaurants with transportation, entertainment, and retail businesses. These industries work together to create seamless travel experiences for tourists.

Whether someone is visiting for leisure or business, they rely on different services , and each contributes to tourism’s success. For example, a tourist visiting a city might stay in a hotel, dine at local restaurants, and participate in guided tours or cultural activities. Behind the scenes, travel agencies, airlines, and other transport providers are involved. The business of tourism creates a network of industries working together to deliver value.

The Role of Hospitality

Hospitality is at the heart of the business of tourism. Hotels, resorts, and other accommodations are the backbone of the tourism experience, providing comfort and convenience . Many businesses in the hospitality sector focus on delivering exceptional customer service to attract repeat visitors. Restaurants, cafes, and bars also play an enormous role, offering local flavors and unique dining experiences that enhance a tourist’s stay.

The Impact of Travel

The business of tourism relies heavily on transportation. From airlines to taxis, transportation allows people to explore new destinations. As tourists travel, they spend money on accommodations, dining, entertainment, and more, benefiting local businesses. This flow of visitors supports economies and creates jobs in areas that may rely heavily on tourism income.

How Does the Business of Tourism Benefit the Economy?

The benefits of tourism to the economy are significant and wide-reaching. Tourism contributes to economic growth, from creating jobs to generating revenue for local businesses . Whether it’s a popular tourist destination or a small town, the benefits of tourism to the economy can help communities thrive and develop.

Job Creation

One of tourism’s main benefits to the economy is job creation . Tourism supports various hospitality, transportation, and entertainment employment opportunities. Hotels, restaurants, and tour companies often rely on a steady stream of tourists to maintain their workforce. Additionally, jobs are created in industries that support tourism, such as construction, retail, and event planning. These jobs provide income for residents and help reduce unemployment, especially in regions heavily reliant on tourism.

Revenue Generation

Another benefit of tourism to the economy is revenue generation. Tourists spend money on accommodations, food, transportation, and entertainment. This spending boosts local economies by increasing business sales and generating tax revenue for governments. Many countries and cities rely on tourism as a significant source of income, using the money to improve infrastructure, fund public services, and promote future growth.

For instance, popular tourist destinations often invest in improving roads, airports, and public transportation to accommodate increasing visitors . This creates a cycle in which tourism supports economic development, and enhanced infrastructure attracts more tourists.

Supporting Local Businesses

Tourism also helps local businesses grow by bringing in a steady stream of customers. Small shops, restaurants, and local tour operators often benefit the most from tourism. As visitors explore new places, they spend money on local products and services, boosting profits for small businesses. The benefits of tourism to the economy can be especially noticeable in rural or less-developed areas, where tourism may be one of the few significant industries supporting local livelihoods.

What is the Business of Tourism Management?

The business of tourism management involves overseeing the operations, customer experience, and planning within the tourism industry. Successful management ensures that all parts of a tourism business work together smoothly to create memorable travel experiences while maintaining profitability.

Managing Operations

One key aspect of the business of tourism management is handling day-to-day operations. This includes managing accommodations, tours, transportation, and other services tourists rely on. Efficient operations management ensures that everything runs on time, resources are used effectively, and customers receive the services they expect. From coordinating hotel staff to organizing group tours, operations management plays a central role in keeping tourism businesses running smoothly.

Customer Experience

Enhancing the customer experience is a critical part of the business of tourism management. Tourists expect quality service, comfort, and convenience throughout their trip. Managers in the tourism industry must ensure that their services meet or exceed customer expectations. This involves everything from training staff in customer service to ensuring facilities’ cleanliness and transportation reliability. A great customer experience encourages repeat business, positive reviews, and lasting loyalty. These factors are crucial for success in the tourism industry.

Strategic Planning

Strategic planning is another essential element of the business of tourism management. This involves setting long-term goals, analyzing market trends, and creating strategies to attract more tourists. Managers need to be aware of changing customer preferences, shifts in global travel patterns, and new competition in the market. Tourism managers can ensure their businesses remain competitive by making informed decisions about marketing, pricing, and product offerings. Planning for growth, improving services, and staying updated on industry trends are vital responsibilities for those in the business of tourism management.

What is the Business Model of Tourism?

The business model of tourism refers to the structure and strategies tourism businesses use to generate revenue, deliver services, and engage with customers. Different tourism businesses follow various models depending on their size, target market, and the types of services they offer. Understanding the business model of tourism helps businesses remain competitive and profitable.

Revenue Streams

Revenue generation is a core element of any business model of tourism. Tourism businesses earn money through a variety of channels. Hotels and resorts, for instance, rely on room bookings, while travel agencies may earn commissions from booking flights, accommodations, and tours. 

Additional revenue can come from offering premium services like guided tours, spa treatments, or exclusive dining experiences. Some businesses also charge for experiences like adventure activities, cultural events, or transportation services. Diversifying revenue streams helps ensure a stable income, even during off-peak travel seasons.

Services Offered

Another essential part of the tourism business model is the range of services offered. Tourism businesses provide everything from basic accommodation and transport to more personalized services such as travel planning and tailored experiences. Successful tourism businesses tailor their services to match the needs and preferences of their target audience. 

For example, luxury resorts offer premium amenities like private pools and exclusive dining, while budget hotels focus on providing affordable and comfortable stays. A well-designed service offering is critical to attracting different types of tourists and meeting their expectations.

Customer Engagement

Engaging customers is a vital aspect of the tourism business model. This involves building strong relationships with travelers through marketing, customer service, and personalized experiences. 

Many tourism businesses use online platforms, social media, and travel apps to stay connected with their customers before, during, and after their trips. Positive customer engagement leads to repeat business and helps generate word-of-mouth recommendations and online reviews, which is essential in today’s travel industry.

How Do Hospitality and Tourism Connect in the Business of Tourism?

The hospitality and tourism business is closely intertwined, with every sector playing an important role in providing travelers with enjoyable and comfortable experiences. While tourism focuses on the movement of people from one destination to another, hospitality ensures that visitors have access to accommodations, food, and other essential services during their stay.

The Role of Hospitality in Tourism

Hospitality is a vital component of the hospitality and tourism business. Hotels, resorts, restaurants, and other hospitality services provide the foundation for any travel experience. When tourists visit a destination, they rely on these services for comfort, convenience, and relaxation. 

Whether it’s a luxury hotel or a budget-friendly hostel, the quality of hospitality can significantly affect a tourist’s overall experience. By offering excellent service, comfortable accommodations, and great dining options, the hospitality industry helps enhance a destination’s appeal.

Enhancing the Travel Experience

The business of hospitality and tourism works together to enhance the travel experience. Tourists often visit new places to see the sights and enjoy the local culture, food, and activities. Hospitality businesses play an essential role in delivering these experiences. 

Restaurants offer local cuisine, hotels provide comfortable stays, and tour operators often partner with local hospitality providers to ensure visitors have a well-rounded experience. This synergy between tourism and hospitality creates memorable experiences for travelers, which leads to positive reviews, repeat visits, and word-of-mouth recommendations.

Supporting Local Economies

Hospitality and tourism businesses also support local economies. When tourists spend money on hotels, restaurants, and entertainment, they generate revenue for local businesses. This income helps boost the local economy and create jobs in various sectors. 

Many tourism destinations rely heavily on the hospitality industry to cater to visitors’ needs, making the connection between these industries essential for economic growth. Tourism draws people in, while hospitality ensures they stay and enjoy the destination, creating a mutually beneficial relationship that fuels the local economy.

What is an Example of Business of Tourism in Action?

What is an example of a business of tourism? The business of tourism refers to the management of services that cater to travelers, including accommodations, transportation, dining, and attractions. In business tourism, professionals travel for work-related events like conferences, meetings, or exhibitions. Let’s look at real-world examples of how the business of tourism plays out, focusing on events and corporate travel.

Conferences and Their Economic Impact

A classic example of the business of tourism is the influence of large conferences on local economies. For instance, the Mobile World Congress in Barcelona attracts thousands of tech professionals worldwide. 

This event drives business tourism by boosting hotel bookings, restaurant reservations, and local transport use. It is a strong example of the business of tourism, where a major event brings financial benefits to the host city and facilitates global business networking.

Corporate Travel: A Constant Revenue Stream

Corporate travel is another important example of the business of tourism. For example, executives from an international company might travel for strategy meetings or to finalize business deals in a foreign country. 

They utilize services like hotels, taxis, and restaurants during these trips. This type of travel supports the local tourism industry while fostering cross-border collaboration. Corporate travel provides consistent demand for hospitality services, benefiting tourism year-round.

The Cricket World Cup: A Global Tourism Magnet

Another example of the business of tourism in action is the Cricket World Cup. This event draws fans and teams from around the globe, filling hotels, restaurants, and local attractions in host cities. 

The Cricket World Cup attracts spectators, media crews, sponsors, and corporate partners, all contributing to the local economy. This global event showcases how sports can drive business tourism, creating significant city revenue through increased demand for hospitality services and related industries.

The Impact and Importance of the Business of Tourism

The business of tourism plays a significant role in shaping local economies and creating opportunities across industries. From conferences and corporate travel to large-scale events like the Cricket World Cup, tourism connects various sectors such as hospitality, transportation, and entertainment.

The business of tourism helps boost job creation, generates revenue, and supports local businesses, while strategic management ensures smooth operations and memorable customer experiences. Whether through corporate travel or major global events, the business of tourism creates value for destinations and industries worldwide, highlighting its far-reaching impact on economies and business growth.

What is the business of tourism?

The business of tourism refers to the collection of industries and services that cater to travelers. This includes accommodations, transportation, entertainment, and hospitality, all working together to provide enjoyable travel experiences.

How does the business of tourism benefit the economy?

Tourism benefits the economy by creating jobs, generating revenue, and supporting local businesses. It drives economic growth by attracting visitors who spend money on accommodations, food, and entertainment.

 What is the business of tourism management?

The business of tourism management involves overseeing operations, improving customer experiences, and planning for future growth in tourism businesses. Managers ensure that hotels, travel agencies, and related services run smoothly and deliver high-quality experiences to travelers.

What is the business model of tourism?

The tourism business model focuses on how tourism businesses generate revenue and provide services. Revenue streams can come from accommodation bookings, tour packages, transportation, and premium services like guided tours or exclusive dining experiences. 

How do hospitality and tourism connect in the business of tourism?

The business of hospitality and tourism is closely linked. Hospitality services such as hotels and restaurants form the foundation of the tourism experience. Hospitality ensures that tourists have comfortable places to stay, eat, and relax.

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List of Countries by Tourism Income

Below you can find a list of countries by total tourism income and ratio of tourism income by total GDP. You can also find an interactive map below where each country is colored by its tourism income. The ratio of tourism income to the total GDP gives a rough figure which economies are most dependent on tourism income.

• United States of America has the highest total tourism income with over 210 billion $ yearly. This huge figure however is only 1.1% of the country's total GDP
• Spain has the second largest tourism income in the World with almost 68 billion $ yearly, making up tourism 5.2% of the total economy.
• Another Mediterranean country, France, is the third on the list with over 60 billion yearly tourism income.
• It is no wonder that the popular holiday destination Maldives is the leader when it comes to share of tourism in the total GDP. 2.7 billion $ tourism income of Maldives makes up 60% of the country's total GDP.
• Palau and Grenada, two island countries of Caribbeans, come second and third after Maldives. Palau with 141 million $ and Granada with 448 million $ obtain respectively 48% and 40% of their GDP by tourism.

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Countries by Number of Incoming Tourists

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International tourism revenue - Country rankings

International tourism revenue, 2020:.

• Tourism Revenue By Country

Tourism plays an important role in the economy and it is a major source of revenue for most countries around the world. Countries have invested in tourist attraction sites and infrastructure within their countries to attract both domestic and international tourists. International tourists account for more than 50% of revenue earned from tourism in most countries. An expense incurred by inbound international visitors on goods and services and sometimes passenger items received in the country visited is referred to as international tourism receipt. These payments may include airfare, accommodation fees, shopping fee, money spent on food, and entrance fee paid for public facilities.

Countries Earning The Most From International Tourism

United states.

International tourism is an important part of international trade in the United States . The range of tourist attraction sites, including parks, museums, historical sites, hotels, recreation centers, gambling, and sports venues, are among the factors that are responsible for an increase in international tourist receipt in the US. The majority of the international tourists came from Mexico , Canada , and the UK.

Spain is the second highest earning country in the world when it comes to tourism. The number of international tourists visiting Spain have increased over the years. Environmental factors such as favorable weather, romantic coastline, beaches, and the 44 world heritage sites were significant factors that influenced the arrival of international tourists in Spain.

United Kingdom

The United Kingdom (UK) earns the third highest amount from tourism in the world. The majority of those who visited the UK went for holiday, business, and studies. London was the most visited city in the UK with Manchester following closely. Some of the famous sites most frequently visited include the British Museum, the National Gallery, Tower of London, and the Science Museum.

Foreign Tourists Serve as an Economic Boost

International tourism is a major source of revenue that directly affects the growth of a country’s economy. The revenue generated from tourism can be used to develop other sectors of the economy such as transport, health, and education. International tourism has also opened up employment in most countries especially in the local communities. France recorded a total of 1.2 million jobs created as a result of tourism leading to the further generation of revenue through taxes. Hotels have also been built to meet the high demand for accommodation in the visited countries. International relations have also been strengthened through international tourism.

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The Importance of Tourism on Economies and Businesses

Published: 3/26/2019 12:21:08 PM

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Tourism is vital for the success of many economies around the world. There are several benefits of tourism on host destinations.  Tourism boosts the revenue of the economy, creates thousands of jobs, develops the infrastructures of a country, and plants a sense of cultural exchange between foreigners and citizens.

The number of jobs created by tourism in many different areas is significant. These jobs are not only a part of the tourism sector but may also include the agricultural sector, communication sector, health sector, and the educational sector. Many tourists travel to experience the hosting destination’s culture, different traditions, and gastronomy. This is very profitable to local restaurants, shopping centers, and stores. Melbourne, Australia ’s population is greatly affected by tourism. It has a population of around 4 million people and around 22,000 citizens are employed by the tourism sector only.

Governments that rely on tourism for a big percentage of their revenue invest a lot in the infrastructure of the country . They want more and more tourists to visit their country which means that safe and advanced facilities are necessary. This leads to new roads and highways, developed parks, improved public spaces, new airports, and possibly better schools and hospitals. Safe and innovative infrastructures allow for a smooth flow of goods and services. Moreover, local people experience an opportunity for economic and educational growth.

Tourism creates a cultural exchange between tourists and local citizens. Exhibitions, conferences, and events usually attract foreigners. Organizing authorities usually gain profits from registration fees, gift sales, exhibition spaces, and sales of media copyright. Furthermore, foreign tourists bring diversity and cultural enrichment to the hosting country.

Tourism is a great opportunity for foreigners to learn about a new culture, but it also creates many opportunities for local citizens . It allows young entrepreneurs to establish new products and services that would not be sustainable on the local population of residents alone. Moreover, residents experience the benefits that come with tourism occurring in their own country.

To learn about the countries earning the most from international tourist arrivals, click on the link below!

Countries Earning the Most from International Tourism

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Example sentences tourism revenue

Tourism revenue , a vital source of income, has plunged by 2.4 billion.

The government aspires to triple tourism revenue to £5.2 billion by 2025.

The rule was designed to stop locals being influenced by the more permissive side of tourism, but the side effect was that island communities were denied access to tourism revenue .

In return for tourism revenue , the government will commit to preserve its forests, a natural vault for billions of tons of carbon that would otherwise be released into the atmosphere.

This year, tourism revenue may fall by nearly 30 per cent from last year, according to the local government tourist office.

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Thailand reintroduces 300-baht tourism tax to boost revenue and infrastructure.

Thailand's Tourism Minister, Sorawong Thienthong, plans to reintroduce a 300-baht tourism tax to boost revenue, targeting 3 trillion baht this year. The tax will fund infrastructure and tourist safety. Additional measures include reviving pandemic-era stimulus programs and supporting events like marathons and Loy Krathong to drive revenue.

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Georgia breaks tourism records for 2nd year in a row

Men enjoy the view as the sun sets at Piedmont park in Atlanta. (Photo by Camilo Freedman/SOPA Images/LightRocket via Getty Images)

Millions of tourists are coming to Georgia in record numbers for a taste of what the Peach State has to offer.

Georgia Gov. Brian Kemp has announced the state broke tourism records for the second consecutive year.

In 2023, 171 million visitors came to Georgia. That's 5 million more than in 2022.

The increase helped generate nearly $80 billion in total tourism revenue while supporting over 463,000 jobs, officials said.

Kemp calls the milestone a "testament to the unique attractions, natural resources, and cultural institutions that make Georgia such a desirable place to visit."

"Tourism is one of Georgia’s largest economic contributors, supporting jobs and generating tax revenues that benefit local communities from the Blue Ridge Mountains to the Golden Isles," said Georgia Department of Economic Development Commissioner Pat Wilson. "These numbers are the latest confirmation that our partnership approach to economic development across all industries – including tourism – is putting Georgia on travelers’ minds like never before. I’m proud of our tourism industry’s commitment to excellence and innovative strategies that drive economic benefits to every corner of the state."

The state is expecting even more tourists in the upcoming years as it prepares to host eight matches during the 2026 FIFA World Cup .

Henrico reports $1.9 billion in revenue from tourism in 2023

H ENRICO COUNTY, Va. (WRIC) — Visitor spending in Henrico County hit nearly $2 billion in 2023 and officials largely attribute that success to its booming sports tourism industry.

The Henrico Sports and Events Center, which started hosting events last October, is just one of the county’s sites for sports lovers. Henrico is also the home of the Richmond Raceway and the Country Club of Virginia James River Course, where the Dominion Energy Charity Classic is hosted annually.

“Those things rolled in together are just really, really pushing this visitor spending to to new heights,” said Dennis Bickmeier, Executive Director of the Henrico Sports and Entertainment Authority.

About $72.4 million of the $1.9 billion spent by visitors in 2023 were directly thanks to sporting events and the fans they attracted to Henrico.

“They’re coming in, they’re staying in our hotels, eating in our restaurants, using transportation services here throughout the county and certainly visiting our attractions,” Bickmeier said.

With an increase of 9.2% from the year before, Henrico had the fifth-highest revenue from tourism out of all Virginia counties in 2023. Since the Henrico Sports & Events Center has only been hosting events since October, Bickmeier said he can only imagine how much revenue the facility can make from an entire year of events.

“I think one of the things I’m most proud of is just the new building is doing what we thought it was going to do,” Bickmeier said. “I mean, it is a busy facility — 46 weekends in 2024 booked — and so we’re seeing so many out-of-town visitors come and compete here against a lot of our local teams.”

Henrico’s Sports and Entertainment Authority is looking forward to opening up 12 pickleball courts at Pouncey Tract Park, likely within the next month. Bickmeier said it’s all about continuing to build momentum and shining the spotlight on local sports opportunities and growth.

For the latest news, weather, sports, and streaming video, head to WRIC ABC 8News.

Minister aims to levy 300-baht tourism tax

PUBLISHED : 17 Sep 2024 at 05:57

NEWSPAPER SECTION: Business

WRITER: Molpasorn Shoowong

The new tourism minister aims to start collecting the 300-baht tourism tax after it was shelved during the previous administration led by Prime Minister Srettha Thavisin, while pledging to stimulate tourism revenue to reach at least 3 trillion baht this year.

"I believe the collection of the tourism fee benefits the tourism industry since the revenue can be used for the development of infrastructure and attractions, along with ensuring tourist safety," said Tourism Minister Sorawong Thienthong, who took office on Monday.

The tourism fee scheme was approved by the cabinet in 2022, but has not been endorsed via publication in the Royal Gazette since that time.

Foreign arrivals by air must pay 300 baht, while the rate for those arriving by sea and land is 150 baht.

Mr Sorawong said since he still needs more time to study the readiness of the system, the ministry could not decide whether to start collection within the final quarter.

The ministry will look into the details and finalise the collection procedure in a way that does not discourage tourism sentiment.

Mr Sorawong took office on Monday.

Mr Sorawong, who is also secretary-general of the Pheu Thai Party, is the third person to have assumed the post of tourism minister within the one-year existence of the Pheu Thai-led administation.

The Ignite Tourism Thailand policy initiated by Mr Srettha should be continued, including aspects such as entertainment complexes, the aviation hub and second-tier cities, he said.

"As the government has pledged to support new man-made attractions and to boost second-tier cities, we will encourage the private sector to invest more by offering incentives, such as tax incentives," said Mr Sorawong.

The ministry would consider tourism stimulus programmes that greatly benefited domestic tourism during the pandemic, such as the We Travel Together co-payment scheme for hotel rooms and air tickets, as this project could directly distribute income to locals.

For the upcoming high season, he estimated that several events such as marathons, Loy Krathong and the New Year countdown would help accelerate revenue to reach 3 trillion baht from both domestic and international markets.

Meanwhile, as the government previously set a long-term target to achieve 3 trillion baht from foreign markets alone within its four-year term, he said the ministry under his administration would also be committed to achieving this goal.

As the government has initiated the idea to bid for a Formula One motor racing event and might choose a newly-built circuit to host it, he said he supports this policy but would like to suggest a street circuit on Ratchadamnoen Road, which would be more useful for the economy as it could depict the uniqueness of the country.

Given the spread of price-dumping tours in Thailand, he said the number of illegal companies might not have grown, but the value of losses are expected to be greater than in the past.

The ministry has already ordered related authorities to curb such illegal activities.

On Wednesday the minister will meet 20 private tourism operators, including the Association of Thai Travel Agents and the Tourism Council of Thailand, to discuss tourism policies.

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Travel and tourism in the United Kingdom - statistics & facts

How many tourists visit the uk, travel planning and behavior of british tourists, key insights.

Detailed statistics

Travel and tourism's total contribution to GDP in the UK 2019-2022

Distribution of travel and tourism expenditure in the UK 2019-2022, by type

Travel and tourism's total contribution to employment in the UK 2019-2022

Editor’s Picks Current statistics on this topic

Travel, Tourism & Hospitality

Inbound tourist visits to the UK 2002-2023

Destinations

Leading UK cities for international tourism 2019-2023, by visits

Leading outbound travel destinations from the UK 2019-2023

Further recommended statistics

• Basic Statistic Travel and tourism's total contribution to GDP in the UK 2019-2022
• Basic Statistic Distribution of travel and tourism expenditure in the UK 2019-2022, by type
• Basic Statistic Distribution of travel and tourism expenditure in the UK 2019-2022, by tourist type
• Basic Statistic Travel and tourism's total contribution to employment in the UK 2019-2022
• Premium Statistic Median full-time salary in tourism and hospitality industries in the UK 2023
• Premium Statistic CPI inflation rate of travel and tourism services in the UK 2023

Travel and tourism's total contribution to GDP in the UK 2019-2022

Total contribution of travel and tourism to GDP in the United Kingdom (UK) in 2019 and 2022 (in billion GBP)

Distribution of travel and tourism spending in the United Kingdom (UK) in 2019 and 2022, by type

Distribution of travel and tourism expenditure in the UK 2019-2022, by tourist type

Distribution of travel and tourism spending in the United Kingdom (UK) in 2019 and 2022, by type of tourist

Travel and tourism's total contribution to employment in the UK 2019-2022

Total contribution of travel and tourism to employment in the United Kingdom (UK) in 2019 and 2022 (in million jobs)

Median full-time salary in tourism and hospitality industries in the UK 2023

Median annual gross salary for full-time workers in tourism and hospitality industries in the United Kingdom (UK) in 2023, by industry (in GBP)

CPI inflation rate of travel and tourism services in the UK 2023

Consumer price index (CPI) inflation rate of travel and tourism services in the United Kingdom (UK) from May to December 2023

Inbound tourism

• Basic Statistic Inbound tourist visits to the UK 2002-2023
• Premium Statistic Inbound tourist visits to the UK 2019-2022, by purpose of trip
• Basic Statistic Leading inbound travel markets in the UK 2019-2022, by number of visits
• Premium Statistic Leading inbound travel markets in the UK 2023, by growth in travel demand on Google
• Premium Statistic Number of overnight stays by inbound tourists in the UK 2004-2022
• Premium Statistic International tourist spending in the UK 2004-2024
• Premium Statistic Leading inbound travel markets for the UK 2019-2023, by spending
• Premium Statistic Leading UK cities for international tourism 2019-2023, by visits

Number of overseas resident visits to the United Kingdom from 2002 to 2023, with a forecast for 2024 (in millions)

Inbound tourist visits to the UK 2019-2022, by purpose of trip

Number of overseas resident visits to the United Kingdom (UK) from 2019 to 2022, by purpose of trip (in millions)

Leading inbound travel markets in the UK 2019-2022, by number of visits

Leading inbound travel markets for the United Kingdom (UK) in 2019 and 2022, by number of visits (in 1,000s)

Leading inbound travel markets in the UK 2023, by growth in travel demand on Google

Leading inbound travel markets in the United Kingdom (UK) over the previous 30 and 90 days as of June 2023, ranked by growth in travel demand on Google

Number of overnight stays by inbound tourists in the UK 2004-2022

Number of nights spent by overseas residents in the United Kingdom (UK) from 2004 to 2022 (in millions)

International tourist spending in the UK 2004-2024

Spending of international visitors to the United Kingdom from 2004 to 2022, with a forecast for 2023 and 2024 (in billion GBP)

Leading inbound travel markets for the UK 2019-2023, by spending

Leading inbound travel markets for the United Kingdom from 2019 to 2023, by spending (in million GBP)

Cities and towns in the United Kingdom ranked by international visits from 2019 to 2023 (in 1,000 visits)

Outbound tourism

• Premium Statistic Number of outbound tourist visits from the UK 2007-2023
• Premium Statistic Outbound tourism visits from the UK 2019-2022, by purpose
• Premium Statistic Leading outbound travel destinations from the UK 2019-2023
• Premium Statistic Leading outbound travel markets in the UK 2023, by growth in travel demand on Google
• Premium Statistic Number of outbound overnight stays by UK residents 2011-2023
• Premium Statistic Outbound tourism expenditure in the UK 2007-2023

Number of outbound tourist visits from the UK 2007-2023

Total number of visits abroad from the United Kingdom from 2007 to 2023 (in millions)

Outbound tourism visits from the UK 2019-2022, by purpose

Number of visits abroad from the United Kingdom (UK) from 2019 to 2022, by purpose (in millions)

Leading countries visited by residents of the United Kingdom from 2019 to 2023 (in 1,000 visits)

Leading outbound travel markets in the UK 2023, by growth in travel demand on Google

Leading outbound travel markets in the United Kingdom (UK) over the previous 30 and 90 days as of June 2023, ranked by growth in travel demand on Google

Number of outbound overnight stays by UK residents 2011-2023

Number of overnight stays abroad by residents of the United Kingdom from 2011 to 2023 (in 1,000s)

Outbound tourism expenditure in the UK 2007-2023

Total expenditure on visits abroad from the United Kingdom from 2007 to 2023 (in million GBP)

Domestic tourism

• Premium Statistic Domestic overnight trips in Great Britain 2010-2022
• Premium Statistic Domestic tourism trips in Great Britain 2018-2022, by purpose
• Premium Statistic Number of domestic overnight trips in Great Britain 2023, by destination type
• Premium Statistic Number of tourism day visits in Great Britain 2011-2022
• Premium Statistic Total domestic travel expenditure in Great Britain 2019-2022
• Premium Statistic Domestic overnight tourism spending in Great Britain 2010-2022
• Premium Statistic Expenditure on domestic day trips in Great Britain 2011-2022
• Premium Statistic Average spend on domestic summer holidays in the United Kingdom (UK) 2011-2023

Domestic overnight trips in Great Britain 2010-2022

Number of domestic overnight trips in Great Britain from 2010 to 2022 (in millions)

Domestic tourism trips in Great Britain 2018-2022, by purpose

Number of domestic overnight trips in Great Britain from 2018 to 2022, by purpose (in millions)

Number of domestic overnight trips in Great Britain 2023, by destination type

Number of domestic overnight trips in Great Britain in 2023, by destination type (in millions)

Number of tourism day visits in Great Britain 2011-2022

Number of tourism day visits in Great Britain from 2011 to 2022 (in billions)

Total domestic travel expenditure in Great Britain 2019-2022

Total domestic tourism spending in Great Britain from 2019 to 2022 (in billion GBP)

Domestic overnight tourism spending in Great Britain 2010-2022

Annual domestic overnight tourism spending in Great Britain from 2010 to 2022 (in billion GBP)

Expenditure on domestic day trips in Great Britain 2011-2022

Annual expenditure on domestic tourism day visits in Great Britain from 2011 to 2022 (in billion GBP)

Average spend on domestic summer holidays in the United Kingdom (UK) 2011-2023

Average spend on 'staycation' summer holidays according to Britons in the United Kingdom (UK) from 2011 to 2023 (in GBP)

Accommodation

• Premium Statistic Number of accommodation businesses in the UK 2008-2022
• Premium Statistic Number of accommodation enterprises in the UK 2018-2021, by type
• Premium Statistic Turnover of accommodation businesses in the UK 2008-2022
• Premium Statistic Turnover of accommodation services in the UK 2015-2022, by sector
• Premium Statistic Number of hotel businesses in the UK 2008-2022
• Basic Statistic Most popular hotel brands in the UK Q2 2024
• Premium Statistic Consumer expenditure on accommodation in the UK 2005-2022

Number of accommodation businesses in the UK 2008-2022

Number of enterprises in the accommodation industry in the United Kingdom from 2008 to 2021

Number of accommodation enterprises in the UK 2018-2021, by type

Number of enterprises in the accommodation industry in the United Kingdom from 2018 to 2021, by sector

Turnover of accommodation businesses in the UK 2008-2022

Turnover of accommodation businesses in the United Kingdom from 2008 to 2022 (in million GBP)

Turnover of accommodation services in the UK 2015-2022, by sector

Turnover of accommodation services in the United Kingdom from 2015 to 2022, by type (in million GBP)

Number of hotel businesses in the UK 2008-2022

Number of hotel and similar accommodation businesses in the United Kingdom from 2008 to 2022

Most popular hotel brands in the UK Q2 2024

Most popular hotel brands in the United Kingdom in 2nd quarter of 2024

Consumer expenditure on accommodation in the UK 2005-2022

Consumer spending on accommodation in the United Kingdom (UK) from 2005 to 2022 (in million GBP)

Travel behavior

• Premium Statistic Attitudes towards traveling in the UK 2024
• Premium Statistic Travel frequency for private purposes in the UK 2024
• Premium Statistic Travel frequency for business purposes in the UK 2024
• Premium Statistic Share of Britons taking days of holiday 2019-2023, by number of days
• Premium Statistic Share of Britons who did not take any holiday days 2019-2023, by gender
• Premium Statistic Share of Britons who did not take any holiday days 2019-2023, by age
• Premium Statistic Leading regions for summer staycations in the UK 2024
• Premium Statistic Preferred methods to book the next overseas holiday in the UK October 2022, by age
• Premium Statistic Travel product bookings in the UK 2024
• Premium Statistic Travel product online bookings in the UK 2024

Attitudes towards traveling in the UK 2024

Attitudes towards traveling in the UK as of June 2024

Travel frequency for private purposes in the UK 2024

Travel frequency for private purposes in the UK as of June 2024

Travel frequency for business purposes in the UK 2024

Travel frequency for business purposes in the UK as of June 2024

Share of Britons taking days of holiday 2019-2023, by number of days

Share of individuals taking days of holiday in the United Kingdom from July 2019 to May 2023, by number of days

Share of Britons who did not take any holiday days 2019-2023, by gender

Share of individuals who did not take any days of holiday in the United Kingdom from July 2019 to November 2023, by gender

Share of Britons who did not take any holiday days 2019-2023, by age

Share of individuals who did not take any days of holidays in the United Kingdom (UK) from July 2019 to November 2023, by age

Leading regions for summer staycations in the UK 2024

Leading regions for travelers' next summer staycation in the United Kingdom as of April 2024

Preferred methods to book the next overseas holiday in the UK October 2022, by age

Preferred methods to book the next overseas holiday among individuals in the United Kingdom (UK) as of October 2022, by age group

Travel product bookings in the UK 2024

Travel product bookings in the UK as of June 2024

Travel product online bookings in the UK 2024

Travel product online bookings in the UK as of June 2024

• Premium Statistic Travel & Tourism market revenue in the United Kingdom 2019-2029, by segment
• Premium Statistic Travel & Tourism market revenue growth in the UK 2020-2029, by segment
• Premium Statistic Revenue forecast in selected countries in the Travel & Tourism market in 2024
• Premium Statistic Number of users of package holidays in the UK 2019-2029
• Premium Statistic Number of users of hotels in the UK 2019-2029
• Premium Statistic Number of users of vacation rentals in the UK 2019-2029

Travel & Tourism market revenue in the United Kingdom 2019-2029, by segment

Revenue of the Travel & Tourism market in the United Kingdom from 2019 to 2029, by segment (in billion U.S. dollars)

Travel & Tourism market revenue growth in the UK 2020-2029, by segment

Revenue growth of the travel and tourism market in the United Kingdom (UK) from 2020 to 2029, by segment

Revenue forecast in selected countries in the Travel & Tourism market in 2024

Revenue forecast in selected countries in the Travel & Tourism market in 2024 (in billion U.S. dollars)

Number of users of package holidays in the UK 2019-2029

Number of users of package holidays in the United Kingdom from 2019 to 2029 (in millions)

Number of users of hotels in the UK 2019-2029

Number of users of hotels in the United Kingdom from 2019 to 2029 (in millions)

Number of users of vacation rentals in the UK 2019-2029

Number of users of vacation rentals in the United Kingdom from 2019 to 2029 (in millions)

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