20 Most Visited Cities in the US by Foreign Travelers

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In this article, we will be covering the 20 most visited cities in the US by foreign travelers. If you want to skip our detailed analysis of the travel and tourism industry, you can go directly to 5 Most Visited Cities in the US by Foreign Travelers.

Global Travel and Tourism Industry Poised for Growth

The travel and tourism industry contributes significantly to the economic growth of many countries, producing income generation, employment opportunities, and foreign exchange earnings. According to a report by Custom Market Insights, the global tourism market reached a value of $8.87 trillion in 2022. The market is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2032 and reach a value of more than $12.31 trillion by the end of the forecast period.

Technological advancements, such as the internet, mobile apps, and online booking platforms, are making it easy for travelers to research, book, and access travel and travel-related services. Changing consumer behavior, with people increasingly prioritizing travel experiences over material possessions, has significantly fueled the growth of the global travel and tourism industry. The rise in disposable income is also leading to increased spending on travel and tourism.

Political factors can also impact the competitiveness and stability of tourism destinations, influencing the industry's growth and performance. Governments play a crucial role in influencing travel patterns through travel advisories and visa requirements. As reported by UN Tourism, openness to international travel has rebounded to pre-pandemic levels and fewer people now require a traditional visa to travel. According to the report, 21% of the world's population does not need any form of visa and 14% of the global population can apply for a visa on arrival. Moreover, 18% of the global population can apply for eVisas, marking a significant rise from 7% in 2018. Simplifying visa processes and a welcoming travel and tourism environment can attract more visitors, boost tourism revenues, and stimulate economic growth.

Key Players in the Travel and Tourism Industry

Some of the most prominent names in the global travel and tourism industry are Marriott International Inc. (NYSE:MAR), Booking Holdings Inc. (NASDAQ:BKNG), and Hilton Worldwide Holdings Inc. (NYSE:HLT).

Hilton Worldwide Holdings Inc. (NYSE:HLT) is an American multinational hospitality company. As one of the largest travel companies in the world, it manages and franchises a broad portfolio of hotels, resorts, and timeshare properties in more than 120 countries around the world. On February 7, Hilton Worldwide Holdings Inc. (NYSE:HLT) reported strong earnings for the fiscal fourth quarter of 2023. The company reported earnings per share (EPS) of $1.68, surpassing EPS estimates by $0.11. The company’s revenue for the quarter grew by 6.75% year-over-year and amounted to $2.61 billion, ahead of market consensus by $3.97 million. Here are some comments from Hilton Worldwide Holdings Inc.’s (NYSE:HLT) Q4 2023 earnings call: