US Travel Industry Ad Spending 2024

After 3 Years Leading All Industries in Spending Growth, Travel’s Outlook Has Moderated

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About This Report
The travel industry set the pace for digital ad spending growth from 2021 to 2023, but its annual increases will now decelerate significantly. Growth will lag the national average for the next two years, though it won’t collapse entirely.
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The travel industry remains the smallest advertiser among the nine industry verticals we break out, and its booming ad spending growth cycle is now ending as well. But despite its small size, travel is an important player in search advertising, and its idiosyncratic approach to social and mobile advertising stands out.

Key Question: How much will the travel industry and its subcategories spend on digital advertising this year and through 2026?

Key Stat: After a three-year boom following 2020’s pandemic-driven collapse, travel digital ad spending growth will decline to 8.9% this year. Next year will also be muted, but a cyclical upturn awaits in 2026.

authors

Ethan Cramer-Flood

Contributors

Ross Benes
Senior Analyst
Nikolai Dineros
Zach Goldner
Forecasting Analyst
Oscar Orozco
Director, Forecasting
Matt Torpey
Senior Chart Editor
Emman Velasco
Chart Editor
Julia Woolever
Yoram Wurmser
Principal Analyst
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