Global tourism: an unstoppable engine

05-11-25

The global travel industry is poised for a notable take-off in the coming years, according to the report unveiled on the opening day of WTM London 2025. The document—the Global Travel Report, produced by Tourism Economics for WTM London together with Oxford Economics—foresees tourism growing at an annual rate of 3.5% through 2035, outpacing the estimated growth of the world economy, put at around 2.5%. This momentum positions tourism as one of the most dynamic sectors of the international economy, with an increasingly relevant role in generating global wealth.

According to the report, by 2035 tourism could generate more than 16 trillion dollars, roughly equivalent to 12% of global GDP. This forecast reinforces the idea that travel and tourism are not only recovering from the pandemic shock but entering an expansionary phase with new dynamics transforming both supply and demand. In 2025, international arrivals are expected to exceed 1.5 billion travelers, overtaking the figures recorded in 2019.

The report identifies several trends driving this growth. One is the increase in length of stay, especially in regions such as the Middle East, where visits are 66% longer than before the pandemic. This extension also responds to strong investment in tourism infrastructure in emerging destinations that are gaining prominence and broadening their offerings to attract travelers seeking different experiences. Another decisive factor is climate change, which is reshaping traveler motivations: phenomena like extreme heatwaves and wildfires are pushing trips outside the traditional high season and boosting cooler, less crowded destinations such as Sweden, Norway, and Finland—countries expected to see growth of up to 9% in 2025.

The “gigtripping” phenomenon—travel driven by major concerts or global events—also stands out as a fast growth lever: the report indicates that the live events industry will expand by nearly 6% annually over the next five years, outpacing the rest of the tourism industry. The traveler profile is evolving too: more than ever, visitors seek authentic experiences, immersion in local culture, regional gastronomy, and an escape from overcrowded hotspots. The demand to “live the place” rather than simply “visit the place” marks a shift in the very conception of tourism.