If you run a travel business, you probably understand where most of your customers come from today. But what about five years from now? Or even 10 years down the line?
Skift Research’s latest report introduces proprietary new estimates for outbound international in five major regions as well as many subregions and individual countries.
Demographics, economics, and travel are all inextricably linked. Growing populations, especially in the developing world, mean enormous potential for new outbound travelers. This potential energy is converted to the kinetic movement of people when populations experience economic development that allows them to afford international travel.
Burgeoning commercial ties lead to growth of business travel. And that same economic development also leads to rising incomes, which power leisure travel. These new tourists often have a desire to visit both classic vacation sites — like the Eiffel Tower— as well as short-haul destinations, which is supercharging inbound arrivals to destinations across Asia.
This report aims to present a picture of the state of global travel today and to forecast its development over the next decade. We attempt to do this by first forecasting the underlying drivers of travel: demographics and the broad economy. We begin this report by reviewing the current distribution of, and 10-year forecasts for, both global population and gross domestic product (GDP).
From there, we examine the current breakdown of international travel departures and then develop estimates for 2024 and 2029. Our forecasts cover outbound travel for five major regions as well as many subregions and individual countries.
We hope that this report and its forecasts can serve as a roadmap for strategic planners at hotels, airlines, travel agents, and destination marketing organizations who seek to understand the sources of their future customers.
What you’ll learn from this report:
- Five- and 10-year Estimates for population, population growth, and population share by region
- Five- and 10-year Estimates for gross domestic product, GDP growth, and GDP share by region
- Five- and 10-year Estimates for international outbound departures, departures growth, and departures share by region
- Skift Research’s view on countries facing inflection points for outbound travel growth
- Regional spotlights for all major geographies with tourism estimates for key outbound country markets
This is the latest Skift Research report aimed at analyzing the fault lines of disruption in travel. These reports are intended for the busy travel industry decision-maker. Tap into the opinions and insights of our seasoned network of staffers and contributors. More than 200 hours of desk research, data collection, and/or analysis goes into each report.
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