The United States remains the leading global force in travel and tourism, according to the latest World Travel & Tourism Council (WTTC) report.

As this report reveals, the US set a new record with a staggering $2.36 trillion contribution to its economy from the tourism sector in the past year, VisaGuide.World reports.

China Emerges 2nd Position in Global Travel

Despite a slow recovery in international travel spending, the US remains well ahead of its competitors. China emerges as the second most influential market, with a notable contribution of $1.3 trillion to GDP in 2023, reflecting its remarkable recovery despite its delayed borders reopening.

Germany follows in third place with an economic impact of $487.6 billion. At the same time, Japan makes a significant leap from fifth to fourth place, contributing $297 billion to the global travel and tourism sector.

The United Kingdom completes the top five, contributing US$295.2 BN. France, the world’s most popular destination retained its sixth position with a contribution of US$264.7 BN, followed closely by Mexico at US$261.6 BN, showcasing its continued appeal as a major tourist destination.

As the authority further pointed out, India has climbed to eighth place in the global travel and tourism market with a contribution of $231.6 billion, up from tenth. Italy and Spain round out the top ten with contributions of $231.3 billion and $227.9 billion, respectively. Over the next decade, the WTTC forecasts China will become the largest travel and tourism market, with India advancing to fourth place.

Top Destinations for International Spending

Moreover, the report showcases significant annual growth rates in travel and tourism contributions, with China leading at 135.8 percent. Other Asian nations, including Hong Kong SAR, Malaysia, and the Philippines, have also seen strong recoveries.

Based on WTTC’s analysis, key destinations that benefit from increased international spending are as follows:

• Saudi Arabia (+91.3 percent)
• Türkiye (+38.2 percent)
• Kenya (+33.3 percent)
• Colombia (+29.1 percent)
• Egypt (+22.9 percent)

Globally, international visitor spending is projected to rise nearly 16 percent to $1.9 trillion, while domestic spending is expected to exceed $5.4 trillion, marking a 10.3 percent increase from 2019. Travel and tourism investment grew by 13 percent in 2023, reaching over $1 trillion, with a full return to pre-pandemic levels anticipated by 2025.