Domestic Tourism Market Geographic Segmentation, Research by Regions and Analysis to 2030
The global domestic tourism market was valued at USD 1,670.32 billion in 2022 and is projected to reach USD 5,858.27 billion by 2030, expanding at a Compound Annual Growth Rate (CAGR) of 17.0% from 2023 to 2030. Domestic tourism refers to travel undertaken by residents within their own country, whether for leisure, business, or other purposes. This could include trips to nearby states, cities, or regional attractions, making it more accessible and often more affordable than international travel. Domestic tourism is a significant driver of local economies, as it stimulates domestic spending, especially in sectors such as hospitality, transport, retail, and entertainment. This, in turn, enhances the quality of life for residents by creating job opportunities and improving infrastructure. Additionally, increased local revenue enables governments to reinvest in community development, public services, and tourism facilities, creating a positive cycle of growth and devel...