Multi-Day Travel Market
Globally, $5.29 trillion was spent on travel in 2017. In the United States, the total amount spent on travel in 2018 was $1.1 trillion. In China, we calculated the total amount spent on travel in 2017 to be $978 billion.
Our research team was unable to find any publicly available statistics revealing the amount spent annually on travel specifically for multi-day trips globally, in the United States, and in China. After an extensive search through the public domain, we could only provide data related to the amount spent annually on travel globally, in the United States, and in China. However, we have provided below helpful findings related to the research request and our research approach detailing the steps we took and why the information is not publicly available.
GLOBAL travel SPEND
- In 2017, the total travel spend was $5.29 trillion globally showing a growth of 41.9% over the past 10 years.
- According to a 2018 report published by TripAdvisor, "travel spend has grown steadily across the world."
- Domestic travel spending is $3.89 trillion per year which accounts for about three-quarters of global tourism spend. Notwithstanding, international tourism spending accounts for about one-quarter of global tourism spend which was valued at $1.4 trillion in 2017.
United states travel spend
- In 2018, travel spending in the United States was valued at $1.1 trillion which includes $327.3 billion from business travel spending and $761.7 billion from leisure travel spending.
- Based on a 2019 survey published by Solo Traveler World, about 66% of people in the United States said that they travel for one week. Additionally, 48% indicated that they travel for two weeks, while 32% of respondents in the United States said that they travel for more than two weeks within a typical year.
- 56% of American travelers aged between 25 and 34 years typically spend between $500 and $1,500 on a one week trip, and this amount excludes airfare.
- 30% of American travelers aged between 55 to 64 years typically spend between $1500 and $2500 on a one-week trip, and this amount excludes airfare.
- On summer vacations, Americans spend about $10.1 billion.
CHINA travel spend
- China is at the top of the global tourism market. In 2017, the outbound or international tourist spent was $258 billion in China which accounts for "one-fifth of the world's total spending on tourism."
- In 2017, domestic tourism spend in China was $720 billion which represents a 15.9% increase when compared to 2016.
- Therefore, total travel spend in China would be $978 billion ($258 billion + $720 billion).
- The majority of Chinese tourists (about 78%) embark on international travel for the purpose of leisure.
We started our research by searching through various market research and survey reports to find the amount spent annually on travel for multi-day trips globally, in the United States, and in China. Some of the reports we looked through include Trekksoft, Nielsen, Solo Traveler World, and others. These reports provided some data about the spending on international travel spending and domestic travel spending. However, we could not locate any data about the amount spent annually on travel specifically for multi-day trips in the specified geographic locations.
Our second strategy was to look through databases such as Statista and gather the required information. However, this source only provided a general overview of the travel market and globally and in the United States. We were still unable to find data specific to multi-day trips globally, in the United States, and in China.
We subsequently attempted to triangulate the data by searching for a breakdown of a single day and multi-day travel frequency within the above-mentioned sources. However, this approach was also futile and there was no information that helped us break down travel into single-day versus multi-day trips. A similar search for the same information within pay walled reports was also unfruitful and did not provide the required information.
Further searches were performed through credible travel industry and news sources such as the Economist, ITB World Travel, Carlson Wagonlit, US Travel, World Bank, China Daily, and others. These sources provided more details about travel spending in various regions across the world including the United States and China. The ITB World Travel Trends report provided outbound and inbound travel trends in various parts of the world. These sources also provided information on travel booking trends, for example, online booking, mobile booking, and others. However, we were still unable to find any information specific to multi-day trips or even the breakdowns for single day trips versus multi-day trips.
Our extensive search for information specific to muti-day travel in the required geographical locations did not provide the required information. Additionally, our attempts to triangulate the desired data were also unsuccessful, therefore, we concluded that the required information is not publicly available. The main reason this data is unavailable is that no previous research has focused on or provided breakdowns of the annual spent on travel based on the length of the trips i.e. single-day and multi-day.