U.S. & Canada Travel Market Size, Share, and Growth Analysis, By Type (Leisure Travel, Business Travel), By Age Group (21-30 Years, 31-40 Years), By Tourist Type, By Expenses, By Country - Industry Forecast 2026-2033

Global U.S. and Canada Travel Market size was valued at USD 1383.41 Billion in 2024 and is poised to grow from USD 1514.83 Billion in 2025 to USD 3130.96 Billion by 2033, growing at a CAGR of 9.5% during the forecast period (2026-2033).

Travelers today seek unique experiences that seamlessly integrate entertainment and relaxation, favoring flexible itineraries. Value-driven trips, emphasizing affordability and convenience, are particularly appealing to millennials and younger demographics. Growth in travel expenditures demonstrates a significant uptick, with both millennial and middle-class traveler segments contributing to market expansion. Positive societal shifts regarding gender, race, and inclusivity, coupled with relaxed visa policies, are enhancing international travel prospects. Key elements such as quality products, reliable transportation, and exceptional customer service are becoming standards in the industry. The U.S. and Canada can expect an economic boost through government initiatives aimed at revitalization and support for new projects. Additionally, the trend toward transformational travel, focused on wellness and personal growth, is anticipated to further propel market growth.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global U.S. and Canada Travel market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global U.S. and Canada Travel Market Segments Analysis

Global U.S. and Canada Travel Market is segmented by Type, Age Group, Tourist Type, Expenses and region. Based on Type, the market is segmented into Leisure Travel, Business Travel, Cruise, Specialty/Activity/Sports and VFR (Visiting Friends and Relatives). Based on Age Group, the market is segmented into 21-30 Years, 31-40 Years, 41-60 Years and 60 and Above. Based on Tourist Type, the market is segmented into Domestic and International. Based on Expenses, the market is segmented into Education Fees, Insurance Fees, Accommodation Expenses, Monthly Food & Grocery Expenses and Other Expenses. Based on country, the market is segmented into U.S. and Canada.

Driver of the Global U.S. and Canada Travel Market

Employment levels serve as a crucial indicator of economic health and have a direct influence on the travel sector. When employment is robust, individuals generally experience greater disposable income, which often translates to higher travel expenditures. This increase in financial freedom encourages people to explore new destinations and engage in various travel-related activities. On the other hand, weak employment figures can result in reduced disposable income, causing consumers to scale back on travel plans and expenses. Thus, employment rates play a significant role in shaping consumer behavior and influencing overall trends in the travel market across the U.S. and Canada.

Restraints in the Global U.S. and Canada Travel Market

Geopolitical uncertainty and security issues play a significant role in shaping the travel landscape, especially for international tourism. Events such as terrorist incidents and political turmoil often result in heightened travel advisories and restrictions, leading to a decline in consumer confidence and a subsequent reduction in travel demand. This climate of anxiety can deter potential travelers, who may opt to postpone or cancel their plans due to safety concerns. Consequently, such volatility can have a profound effect on the overall performance of the travel market in both the U.S. and Canada, as travelers become increasingly cautious in their decision-making.

Market Trends of the Global U.S. and Canada Travel Market

The Global U.S. and Canada travel market is witnessing a robust trend toward domestic travel, driven by a growing preference for local experiences and the exploration of nearby destinations. Travelers are increasingly seeking unique cultural, culinary, and outdoor experiences within their borders, bolstered by a renewed appreciation for familiar locales. This domestic inclination is fueled by factors such as improved infrastructure, enhanced safety protocols, and a focus on sustainability. Moreover, travel technology advancements are facilitating personalized itineraries, further elevating the appeal of local getaways. As a result, both countries are seeing a significant uptick in tourism within their own frontiers.