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lgbtq tourism

The Consumer You Can’t Ignore: Our $3.7 Trillion Spending Power

in Blog/Real Talk/Weekly

Moneytalks: Recent studies show that the global LGBTQ+ market is growing rapidly. In 2015, the yearly “spending power” of LGBT people globally was estimated at $3.7 trillion, according to LGBT Capital. Global LGBTQ+ tourism in particular has been on the uptick for years, with an annual worth upwards of $211 billion, according to WTM London in 2016. As context for these numbers, the spending power of black consumers in the United States is averaged at $1.3 billion, and the spending power of women in the United States lies somewhere between $5 and $15 billion, according to Nielsen Consumer. However, in…

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