Travel and Tourism
Evidence-based analysis for the travel sector
The travel & tourism industry continues to grow at a rate that is faster than world GDP. Worldwide overnight tourist arrivals now exceed 1.2 billion, an increase of nearly 25% over the past five years. Over that same time period, the total annual economic impact of travel has grown to $7.2tn. Growth has been fueled by new destinations, technology, improved transport networks, and a growing middle class in emerging markets.
Tourism Economics, an Oxford Economics company, specialises in providing actionable data, forecasts, and analysis of travel trends. Our economists work closely with clients to assist in the interpretation and application of analysis to marketing, investment, and policy decisions. We provide consistent and reliable historical data and forecasts for:
Drivers of tourism, including economic factors, demographics, and exchange rates
Travel segmentation, including international arrivals, overnight stays, arrivals by mode of transportation and purpose of trip, and departures
Travel spending by purpose of trip, for domestic or international travel
Tourism economic impact, including GDP and employment
Arrivals and spending by origin market for 190 countries plus regional aggregates
Air passenger flows between countries and regions, including domestic and international travel, and forecasts for short haul, medium haul, and long haul flights
Travel to and from major cities, with comparable inbound and outbound travel data for 300 cities around the world
Select Travel and Tourism Clients
Corporations: Accor, Apple, Boeing, Etihad, Fairmont Raffles, Hilton, Host Hotels, Google, InterContinental Hotels, Marriott, Starwood Capital, STR, Travelport, Visa.
Associations: American Gaming Association, American Hotel & Lodging, American Resort Development Association, European Travel Commission, Events Industry Council, U.S. Travel Association, Destinations International, International Association of Amusement Parks and Attractions, World Travel & Tourism Council, UN World Tourism Organization.
Destinations (more than 200 worldwide): Arizona Office of Tourism, Bahamas Ministry of Tourism, Brand USA, Destination Canada, Discover Los Angeles, Dubai Tourism, Georgia Tourism, NYC & Company, Ontario Ministry of Tourism, San Diego CVB, Tourism Ireland, Visit Britain, Visit California, Visit Denmark, Visit Florida, Visit Orlando, Visit Switzerland.
Travel and tourism forecasts and analysis
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