U.S. & Canada Travel Market Size, Share, Growth Analysis, By Age Group(Luxury, Business Travel) - Industry Forecast 2024-2031


Report ID: SQMIR25O2020 | Region: Regional | Published Date: April, 2024
Pages: 223 | Tables: 38 | Figures: 74

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US & Canada Travel Market size was valued at USD 1052.84 billion in 2022 and is poised to grow from USD 1163.39 billion in 2023 to USD 2585.97 billion by 2031, at a CAGR of 10.5% during the forecast period (2024-2031). 

Because there are numerous companies, the market is very competitive. To increase their market share and solidify their position in the sector, market participants are launching new services and engaging in various strategic efforts, such as collaborations, mergers, acquisitions, agreements, and the formation of new companies. 'Accor', 'Airbnb', 'American Express Business Travel', 'Booking Holdings', 'Carnival Corporation', 'Delta Air Lines', 'Enterprise Holdings', 'Expedia Group', 'Hilton Worldwide Holdings', 'Hertz Holdings', 'InterContinental Hotels Group', 'Marriott International', 'Norwegian Cruise Line Holdings', 'Priceline Group', 'Royal Caribbean Cruises', 'Southwest Airlines', 'TripAdvisor', 'United Airlines', 'WestJet Airlines', 'Wyndham Destinations'

Employment rates are a key indicator of economic conditions, and they directly impact the travel industry. When employment rates are high, consumers tend to have more disposable income, which can lead to increased spending on travel. Conversely, when employment rates are low, consumers may have less disposable income, which can lead to decreased spending on travel.

Domestic travel

The Southeast region of the U.S. is a dominant market for travel, with cities like Miami, New Orleans, and Atlanta attracting visitors from around the world. The Southeast region of the U.S. is known for its warm climate, beaches, and hospitality. Popular tourist destinations include Florida, Georgia, and the Carolinas, which offer a variety of outdoor activities and cultural experiences. The region is also home to major theme parks, such as Walt Disney World and Universal Studios Orlando, which draw large crowds of tourists.

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U.S. & Canada Travel Market

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