The United States remained the largest Travel & Tourism market in the world in 2025 but is losing market share according to the World Travel & Tourism Council’s (WTTC) latest Economic Impact Research, sponsored by its Lead Research Partner, Chase Travel.
While 2025 saw the best year ever for the Travel & Tourism sector in terms of GDP growth of 4.1%, the story was very different for North America, which was the slowest-growing region globally, rising just 1.0%, and by only 0.9% in the U.S.
80 million more people travelled internationally in 2025 compared with the year before yet they chose other destinations. U.S. visitor numbers declined 5.5% against 2024 and international visitor spending fell 4.6% to US$176 billion.
While the U.S. continues to lead in scale, contributing US$2.63 trillion to global GDP, WTTC highlights that the country is now at a crossroads in its tourism development. With the right actions, it has a significant opportunity to restore international visitor spending, sustain job creation, and strengthen its global leadership – particularly as competition intensifies from fast-rising markets in Asia Pacific, such as China.
In 2025, the Travel & Tourism sector in the U.S. supported 20.4 million jobs, up 1.2% year-on-year, and added approximately 242,000 new jobs, a positive signal for both the sector and the wider economy. Domestic visitor spending remained strong at US$1.54 trillion, up 0.3% year-on-year and 14.3% above pre-pandemic levels.
Sustaining this momentum will depend on increasing investment and promotion of the United States, rebuilding international demand, changing perception and ensuring the U.S. remains competitive as a global destination.
With the country set to co-host major football events in 2026, WTTC highlights a significant and immediate opportunity. The event is expected to bring around 1.24 million international visitors during the tournament period, offering a powerful platform to showcase the American experience, and convert visitors into promoters of travel to the country.
China, the second largest market in the world, is rapidly gaining ground, with Travel & Tourism contributing US$1.75 trillion to GDP in 2025, growing 9.9% year-on-year and supporting 84.6 million jobs (+2.0%). Both international visitor spending (up 10.5% to US$135 billion) and domestic spending (up 10.7% to US$890 billion) saw strong gains.
This momentum reflects the broader strength of Asia-Pacific, now the fastest-growing Travel & Tourism region globally. The region’s GDP grew 8.2% in 2025 to reach US$3.29 trillion, with several markets outperforming the global average, led by Malaysia (11.2%) and the Philippines (10.8%), followed by China (9.9%), India (7.3%), and Indonesia (7.2%).
Source: WTTC
