Outbound Tourism Spending Habits in the Top 10 Expenditure Markets - 2021

Outbound Tourism Spending Habits in the Top 10 Expenditure Markets - 2021

  • November 2021 •
  • 26 pages •
  • Report ID: 6188111 •
  • Format: PDF
Outbound Tourism Spending Habits in the Top 10 Expenditure Markets - 2021

Summary
Expenditure Markets in Focus report provides in-depth analysis of the top 10 spending outbound markets globally. Here, detailed commentary and analysis is provided for outbound spending in the US, China, Spain, France, Australia, Germany, Belgium, Canada, the UK and the Netherlands.

Key Highlights
- Though the country was the worst hit by the coronavirus pandemic in terms of both number of cases and deaths, the US managed to be on top in terms of outbound expenditure.
- Various inter-country events, pacts, and agreements recently signed are likely to help revive the hard-hit outbound tourism sector of member countries. The Greece-China Year of Culture and Tourism 2021-2022 event, launched in September 2021, Bilateral tourism agreement between Germany and India, signed in August 2021, and the memorandum of understanding signed between Spain and South Korea in June 2021, are a few such associations that focus on tourism and other sectors.
- With improved COVID mitigation measures, the global outbound tourism sector is slowly recovering. With the introduction of vaccines and safety policies in place, more and more countries are opening their borders to international tourists and are also encouraging outbound travel. Recently in November 2021, Australia finally allowed its citizens to travel outside the country after 18 months of complete shutdown. The US opening its borders for 33 countries including the UK after 18 months in November is another sign of recovery.

Scope
- The report provides detailed market analysis, information and insights for the top 10 outbound spending markets globally. Historic and forecast tourist volumes covering the top 10 global outbound tourism markets are combined with a detailed analysis of tourist spending patterns in these markets. Actionable insight on key trends and issues in these markets is then given.

Reasons to Buy
- Understand how the top 10 markets are expected to grow using historic and forecast market data
- Understand the demand-side dynamics within the industry to identify key market trends, growth opportunities
- Direct promotional efforts on the most promising markets by identifying the high spending source markets.
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