US, China, Germany dominate $11.1 trn travel boom in 2024, India ranks 8th

Quick Summary:

China is expected to overtake the US as the world’s largest travel market, while India is projected to rise to fourth place.

Investment in the travel sector grew by 13% in 2023, reaching over $1 trillion, marking a recovery to pre-pandemic levels.

Every year, WTTC produces reports on the economic and employment impact of Travel & Tourism for 185 countries or economies and 28 geographic or economic regions in the world.

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Article Details

Category: BusinessFinance

Markets: IndiaBangladeshCanadaChinaColombiaEgyptGermanyHong KongJapanKenyaMalaysiaPhilippinesThailandUnited Arab EmiratesUnited KingdomUnited States

Topics: Global travel GDP 2024 Tourism job growth WTTC report 2024 AI in travel industry Travel sector growth India travel market Domestic tourism trends Travel sustainability US tourism industry International visitor spending

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 12:40:17 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 900 words

Reading Time: 5 minutes read

Sentences: 48 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22388334

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 295 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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