India has made a notable leap in global tourism rankings, securing the 8th position in the World Travel & Tourism Council’s (WTTC) 2024 list of the top ten tourism economies. This marks a rise from its previous 10th place standing. The WTTC projects India will continue its upward trajectory and become the fourth-largest tourism economy within the next decade.
According to the WTTC’s 2024 Economic Impact Trends Report, the global travel and tourism industry contributed $10.9 trillion to the world economy in 2023. India accounted for $231.6 billion of this, reflecting the country’s growing prominence in the sector. The report also cites a positive outlook for the industry, with the World Economic Forum (WEF) estimating the sector will grow to $16 trillion by 2034—making up over 11% of the global GDP.
The United States currently leads the global tourism economy with a contribution of$2,360 billion, followed by China at $1,300 billion. Germany ranks third with $487.6 billion, while Japan has climbed to fourth place with $297 billion. The United Kingdom ($295.2 billion), France ($264.7 billion), and Mexico ($261.6 billion) occupy the next spots. Italy ($231.3 billion) and Spain ($227.9 billion) round out the top ten.
The report also highlights Asia’s rising influence in the global tourism landscape, with countries like India and Malaysia making strong gains. Other Asian destinations-such as Hong Kong SAR, the Philippines, and Malaysia-are emerging as regional tourism powerhouses.
Tourism spending has surged globally in 2024. Domestic visitor spending reached $5.3 trillion, marking a 5.4% increase from the previous year. International visitor spending rose 11.6% year-on-year to $1.9 trillion. Nations such as Saudi Arabia, Turkey, Kenya, Colombia, and Egypt have witnessed international tourism spending surpassing pre-pandemic levels.
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