What is the largest travel market in the world?

MACAO, Sept. 29 (Xinhua) -- The chief executive of the World Travel & Tourism Council (WTTC) said the sector's recovery from the COVID-19 pandemic was going really well, forecasting that China is set to become the world's biggest travel and tourism market in the next three to five years.



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As the industry entered the recovery period of the COVID–19 pandemic, travel and tourism's share of GDP increased from 1.54 percent in 2020 to 2.15 percent in 2021 (table A). The travel and tourism industry's real output increased $362.0 billion in 2021 but has not fully recovered from the pandemic.

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1. Booking Holdings. Booking Holdings, which is inclusive of brands such as Booking.com, Priceline, Agoda, Rentalcars.com, Kayak and OpenTable, held steady at number one this year, with 2022 sales topping $121 billion, up significantly from $76.6 billion in 2021.

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1. New York. New York City is the most populated city in North America and has also been featured in more movies and TV shows than any other city in the United States. It's no surprise that the Big Apple is the #1 most visited city in the U.S. by foreign travelers.

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National Travel and Tourism Office (NTTO)

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