Europe Tourism Market By Revenue, Regional Outlook And Consumption by 2020 – 2026

The Europe Tourism market has reached USD 895,727.82 Million and  is expected to grow nearly at a CAGR of above 5.8% to reach USD 1,295,914.51 by 2026.

Tourism plays a crucial role in European regions, adding to job and resource growth, sustainable development, improved cultural heritage, and influencing the European identity. Tourism-created infrastructure contributes more generally to local economic development, thus generating (or maintaining) jobs and helping to offset the decline in the industrial sector. The Tourism industry in European Countries makes a significant contribution to its economies. In previous years, Travel & Tourism supported 33.5 million jobs and 9.3% of total European GDP. By 2025, the Tourism industry's total economic contribution is estimated to grow to 38 million jobs and 9.9% of total European GDP. 

The technological advancement will be the most significant driving force in customer experience customization over the next few years. The Internet of Things (IoT) provides essential features for the tourism industry. These include the inclusion of internet-connected sensors inside things such as vehicles, suitcases, buildings, and more. Many hotels offer their guests an app that allows them to engage with the room's thermostat or control the room's TV.

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International visitors to Europe are rising from all over the world. Tourism grew faster for the seventh consecutive year than retail exports, reducing trade deficits for many countries in Europe. A Europe is a continent with centuries of history, a rich cultural heritage and some of the most beautiful sceneries in the world the international tourist will continue to grow.

France is projected to grow at the highest CAGR in forecast years. Due to the increase in a visit to the Eiffel Tower, a symbol of Paris, is one of the most famous landmarks in the world. This feat of creativity is a structure made of 8,000 metal parts, crafted by Gustave Eiffel as a temporary display for the 1889 World Fair. Also, due to the presence of the Louvre museum in the former royal palace of French Kings, which ranks among the top European collections of fine arts.

The Europe Tourism Market is dominated by many players, amongst them, the significant players are Intrepid Travel, Abercrombie & Kent, Topdeck, Globus Journey, Trafalgar, Topdeck, Insight Vacation, Penguin Travel, G Adventures, Tauck, Butterfield & Robinson, Zegrahm Expeditions and Other prominent players.

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