Global Tourism: Heading toward 30 billion trips by 2034

13-08-25

The global tourism economy is experiencing a period of unprecedented expansion, driven by global economic dynamism and a growing democratization of travel. A recent report projects that by 2034, annual tourist trips will reach 30 billion—a milestone that will cement this sector as a key engine of recovery and economic growth.

This momentum stems from multiple converging factors. Market liberalization, improved infrastructure, rising purchasing power in emerging economies, and greater global connectivity have facilitated solid growth in both inbound and outbound travel. Asia is emerging as the main driver of this trend, with estimates indicating that its direct contribution to the region’s tourism GDP will exceed 7% by 2034. Likewise, India and China are consolidating their positions as leading players: together, these two countries alone will account for more than 25% of all outbound international tourism by 2030.