Overview

• BCG forecasts that global annual leisure travel spending will climb from $5 trillion in 2024 to $15 trillion by 2040.
• Emerging markets—led by China, India and Saudi Arabia—will drive much of the increase as their middle classes expand.
• China is on track to become the world’s largest leisure travel spender, with annual growth expected to exceed 10%.
• International trip spending is projected to more than triple to $1.4 trillion by 2040 even though domestic travel will account for the bulk of expenditures.
• Seventy percent of travellers in emerging economies add leisure segments to business trips, prompting BCG to urge travel companies to adopt digital tools and tailor offerings.