Insider Monkey

World Tourism Rankings by Country: Top 20 Countries

Ramish Cheema
9 min read

In this piece, we will take a look at world tourism rankings by country. If you want to skip our analysis of the tourism industry and recent trends, head on over to World Tourism Rankings by Country: Top 5 Countries.

Tourism is one of the key determinants of global economic health. And it's an industry that has grown alongside advances in air transportation that have enabled people to travel to far flung destinations while traveling at speeds of hundreds of kilometers per hour.

This industry is also among the few that were left completely devastated in the wake of the coronavirus pandemic. Estimates from the United Nations' World Tourism Organization (WTO) show that international travel shrunk by an absolutely stunning 72% in 2020 as lockdowns and stay at home orders led to the closure of hospitality establishments and restrictions on the number of people that could be crammed inside an enclosed space such as an airplane. The impact of the pandemic was so severe that even by the end of 2022, the industry had recovered to 65% of previous levels despite more than a year of near normalcy.

Yet, tourism is one of the biggest industries in the world. For instance, according to research from Industry Arc, the global travel and tourism industry is expected to grow at a compounded annual growth rate (CAGR) of 3.1% between 2021 and 2026 to be worth an estimated $8.9 trillion by the end of the forecast period. Another report from Allied Markets Research estimates that the business travel market was worth $696 billion in 2020 and will grow at a CAGR of 13.2% to sit at $2 trillion by 2028.

At the same time, business and leisure travel are not the only constituents industries of tourism. Two additional markets are adventure tourism and luxury travel. Estimates suggest that the former was worth $282 billion in 2021 and after growing at a CAGR of 15.1% is estimated to be worth $1 trillion in 2030. As far as luxury tourism is concerned, it was quite lucrative, being worth $1.28 trillion in 2022, and should have a CAGR of 7.6% to be worth $2.32 trillion in 2030.

Building on this, the next logical question to ask is which countries are the most popular for tourists and which are the most visited overall as well as in continents such as Europe and Asia. Well, on this front, data from the World Tourism Organization once again answer all our questions. Its World Tourism Barometer report for December 2020 (the latest version that is publicly available) shows that France was the most visited tourist destination in the world and in Europe in 2019. Broadening our approach to see which are the top ten most visited tourist countries in the world, we find out that after France, the list is dominated by Spain, the U.S., China, Italy, Turkey, Mexico, Thailand, Germany, and the United Kingdom. Astute readers will note that this also makes China as the most visited tourist destination in Asia. In terms of numbers, 83.5 million people visited Spain in 2019 - the second most popular tourist destination in Europe while China attracted 65.7 million people.

and

Recommended Stories