United States, world leader in travel and tourism market, according to WTTC

11-09-24

The travel and tourism sector continues to play a key role in the global economy, and the United States has emerged as the world's leading market, according to the latest report from the World Travel and Tourism Council (WTTC). This study reveals that the US has not only regained the ground it lost after the pandemic, but has consolidated its position as a powerhouse in the global tourism industry.

In 2023, the WTTC noted that the travel and tourism sector's direct contribution to the US Gross Domestic Product (GDP) accounted for 9% of the total, an impressive figure considering the size of the US economy. This growth is due to the rapid recovery of domestic and international tourism, as well as a robust business and convention sector.

One of the key factors driving the rise of the United States as a tourism market leader has been the revival of international tourism. Travel restrictions imposed during the pandemic significantly affected foreign tourist arrivals, but the country has shown remarkable resilience.