U.S. Outbound Tourism Market is Estimated at US$ 101,697.0 Million in 2022

As per Future Market Insights (FMI), the U.S. outbound tourism market is poised to reach a valuation of US$ 101,697.0 Million in 2022. Sales are projected to increase at a 16.3% CAGR between 2023 and 2033, totaling around US$ 458,986.8 Million by 2032.

Rise in corporate travel, introduction of new attractive tour and travel packages by leading companies, and growing popularity of medical tourism due to increasing preference of many Americans to opt for treatments across countries like India, Japan, and China due to lower treatment costs are some of the key factors driving the U.S. outbound tourism market

The term medical tourism describes those who travel overseas for medical care. In the past, this primarily applied to individuals who travelled from less developed nations to important medical facilities in highly developed nations for treatment that was not available there. But in recent years, it may also be used to describe those who move from industrialized to developing nations in search of less expensive medical care.

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Due to the affordable travel and access to cutting-edge cosmetic surgery, many American patients fly to South or Central American nations like Costa Rica, Argentina, or Brazil for cosmetic procedures. Patients from the United States who require primary and dental care frequently travel to Mexico.

As Americans travelled to countries in Central America, including Costa Rica, for dental care that wasn’t covered by insurance, “Dental Tourism” quickly took off. Dental work makes up around 40% of the current medical tourism from the U.S., according to estimates. For high-quality dental care at around half the cost, American medical tourists frequently travel to Costa Rica. According to the Medical Tourism Association, the majority of American patients receive healthcare in Mexico or India.

Modern amenities are currently available in nations like Thailand and India for life-saving procedures like heart surgery and hip or knee replacements. Singapore, Belgium, and South Africa are a few other well-liked locations. For affordable medical and dental care, many people from the U.S. to various other regions of the world. This will boost the U.S. outbound tourism market during the projection period.

Similarly, growing interest among the American population to spend their leisure time exploring the beauty and culture of other nations, especially developing ones, is expected to aid in the expansion of the U.S. outbound tourism market over the next ten years.

Key Takeaways from the U.S. Outbound Tourism Market Study:

  • The U.S. outbound tourism market is expected to grow at 16.3% CAGR through 2032.
  • The top three tourist destinations for U.S. outbound tourism are Mexico, Peru, and Colombia.
  • Business travels and medical tourism are the most popular purpose types in the U.S. outbound tourism market
  • Based on booking channel, the online booking segment leads the U.S. outbound tourism market.
  • By age group, the 26-35 years’ segment contributes most to the U.S. outbound tourism market.

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“With increasing number of business trips and booming medical tourism, the U.S. outbound tourism market is set to witness remarkable growth during the next ten years,” – says a lead FMI analyst.

Who is Winning?

Key players operating in the U.S. outbound tourism market include Butterfield & Robinson, Expedia Inc., Priceline Group, America Express Global Business Travel, BCD Travel, Carlson Wagonlit Travel, HRG North America, FC U.S., America Express Travels, Travel Leaders Group.

It is common knowledge that every traveler has different needs and expectations while making travel plans. Only when a travel agency satisfies the needs and preferences of the traveler will it be recognized and held to the highest standards in the industry. As a result, companies are continuously introducing new attractive packages to woo more and more customers.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the U.S. Outbound Tourism Market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the U.S. Outbound Tourism Market based on Purpose Type (Business, Holiday/Leisure, VFR & Others) Booking Channel (Online Travel Agents, Traditional Agents, and Direct Booking), Tourism Type (Cultural & Heritage Tourism, Medical Tourism, Eco/Sustainable Tourism, Sports Tourism, Wellness Tourism & Others), Tour Type (Independent Traveller, Package Traveller, and Tour Group), By Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, and 66- 75 Years) & Region – Forecast to 2017 – 2032.

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The U.S. Outbound Tourism Market by Category

By Purpose Type:

  • Business
  • Holiday/Leisure
  • VFR & Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourism Type:

  • Cultural & Heritage Tourism
  • Medical Tourism
  • Eco/Sustainable Tourism
  • Sports Tourism
  • Wellness Tourism & Others

By Tour Type:

  • Independent Traveller
  • Package Traveller
  • Tour Group

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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