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Travel, Tourism and Leisure

The travel, tourism and leisure industries include art and attractions, exhibitions and dining, travel music and leisure activities, gambling, sports activities, lodging options and vacation destinations apart from companies that offer various forms of recreation and leisure. The travel and leisure industry has secured a foothold because the general public places utmost importance in taking annual vacations for the purposes of relaxation or education. Overall the travel and leisure industry can be summed up into four main sectors: entertainment, tourism, travel and recreation.

Travel, Tourism and Leisure Industry Articles:

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U.S. Travel’s Research Trends: FEBRUARY 2020 - Overall Economy

The U.S. economy maintained steady growth as 2020 began: initial estimates showed that real GDP grew by 2.3% in 2019, and a stellar labor market and steady consumer spending underpinned solid economic growth prospects. However, January also brought new global headwinds to the U.S. economy, including the global coronavirus outbreak.

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Leisure Travel Market Outlook – 2026

The leisure travel market size was valued at $ 953.9 billion in 2018, and is expected to reach $ 1,464.3 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026. By traveler type, the group segment garnered the highest leisure travel market share in 2018 and is expected to retain its dominance throughout the forecast period.

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