Travelers from the United States are expected to be the world’s most valuable in terms of average international tourism spend, a new study has found.
According to GlobalData’s third quarter forecast, Americans who traveled abroad in the third quarter of 2021 spent an average of $3,580 per person, which is expected to generate a compound annual growth rate (CAGR) of 22 % between 2021 and 2024, with spending exceeding pre-pandemic levels by 2024.
The survey found that 42% of respondents from the United States usually take warm-weather beach vacations, which was the most popular type of trip. Of the top 10 international markets visited by Americans, six would be classified as long-haul destinations.
“The average length of stay for international travel from the U.S. market was 18 days in 2021, showing that Americans will stay in a destination for a long time,” said Ralph Hollister, analyst at GlobalData Travel and Tourism. “This point adds to the attractiveness of American travelers to destinations around the world.”
“The U.S. market’s high average spending abroad, willingness to travel long distances, tendency to stay for long periods of time, demand for a range of different experiences, and a significant number of affluent individuals mean that it will spur the recovery of international tourism,” continued Hollister.
Earlier this month, the World Travel & Tourism Council (WTTC) found that the tourism industry in the United States could reach $2 trillion in GDP contribution and surpass pre-pandemic levels by 6 .2% in 2022.
Another January survey found that luxury tourism has recovered faster than budget tourism in the United States, in part due to an increase in the number of “high net worth individuals”.