Domestic Tourism Market Size, Share, Growth Analysis, By Type(Local Travel, and Interstate Travel), By Application(Adventure Tourism, and Sports Domestic Tourism), By Region - Industry Forecast 2024-2031

Global Domestic Tourism Market size was valued at USD 1390.4 billion in 2022 and is poised to grow from USD 1576.71 billion in 2023 to USD 4311.79 billion by 2031, growing at a CAGR of 13.4% during the forecast period (2024-2031).

The domestic tourism market is an important contributor to the overall domestic tourism market of a country, as it generates revenue for various businesses such as hotels, restaurants, transportation services, and tourist attractions. It also contributes to the development of local communities, as tourism-related businesses create jobs and stimulate economic growth. 

China has been extremely successful in promoting domestic tourism due to its growing middle class and government support, leading to a significant rise in domestic spending. As citizens in emerging nations have more disposable income, many have seen domestic travel and tourism spending rise. Domestic tourism has increased since international travel was halted due to border closures, with many opting to travel locally for leisure.

Domestic travel eliminates the need for visas and other associated fees, and provides opportunities for cultural exchange with local people. Additionally, familiarity with the language and culture enhances the visitor's experience and knowledge of the region. The domestic tourism market has developed significantly over the past century, with advancements in media technology contributing to its growth alongside travel and hospitality.

US Domestic Tourism Market is poised to grow at a sustainable CAGR for the next forecast year.