
According to U.S. Travel and Tourism 2018 overview, U.S. domestic travel surged 1.9 percent in 2018 to over 2 billion person-trips, while international visitations to the U.S. totaled around 80 million in 2018. With over 50 percent of global population living in urban areas, cities have become economic hubs. Urban cities have been catalysts for innovation, growth, and job creation which will carry on to woo more people. World Travel and Tourism Council states that 68 percent of the global population is said to live in cities by 2050. This development is transpiring the rise of travel and tourism spending. These insights are according to the report titled, "Travel and Tourism Spending Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027," which has been freshly incorporated in Market Research Hub's (MRH) ever-expanding repository. In spite of the fad around international travel, domestic travel account for large majority of global travel and tourism expenditure. Meanwhile, leisure travel considerably outweighs business travel with respect to expenditure, posting close to 80 percent of total global expenditure. According to World Travel and Tourism Council, the eight highest ranked city destinations apropos travel and tourism share of total GDP are all leisure destinations. The council further motivates the stakeholders in the market deducing that travel and tourism industry contributes 10.4 percent to global GDP, and underpins nearly one in ten jobs. These facets substantiate the rising significance of travel and tourism spending market.