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The Leisure Travel Market Will Triple to $15 Trillion by 2040: Report
- Annual spending on travel is expected to grow from $5 trillion in 2024 to $15 trillion by 2040, according to a report by BCG.
- China is expected to lead in leisure spending, with increases exceeding 10% per year, as confirmed by Lara Koslow.
- The trend shows that 70% of emerging market travelers combine leisure with work trips, a practice less common in the United States, as stated by Koslow.
- Despite economic uncertainties, emerging markets like China, India, and Saudi Arabia will significantly drive travel growth, as noted by Koslow.
11 Articles
11 Articles
India’s rising middle class to drive global leisure travel boom: report - The Press United | International News Analysis, Viewpoint
India’s expanding middle class and its younger, travel-savvy population are poised to play a pivotal role in driving the future of global leisure travel, according to a new report released on Wednesday. Data compiled by the Boston Consulting Group (BCG) projects that annual global consumer spending on leisure travel will triple from $5 trillion in 2024 to an estimated $15…
News Room Odisha
Sambad EnglishIndia’s rising middle class to drive global leisure travel boom: Report
New Delhi: India’s growing middle class and its younger, travel-loving population are set to play a major role in shaping the future of global leisure travel, a new report said on Wednesday. As more Indians explore new destinations, the country is emerging as a key contributor to what is projected to be a $15 trillion global leisure travel industry by 2040, according to data compiled by the Boston Consulting Group (BCG). The report highlights t…
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