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29 lis 2023 · As a source of millions of jobs and billions of dollars of spending in the United States, tourism—both international and domestic—contributes to the national economy.
Pre-pandemic, North America’s Travel & Tourism sector contribution to the total economy was 8.9% ($2.3 trillion) in 2019, falling to 5% ($1.25 trillion) in 2020 due to steep drops in international and domestic visitor spending when the pandemic was at its height.
Among those sectors hardest hit, passenger air transportation services output declined by nearly $214.7 billion in 2020, followed by food services and drinking places/restaurants (down $131.1 billion), traveler accommodations (down $124.6 billion), and tourism-related shopping (down $123.5 billion).
Executive summary. The state of tourism and hospitality 2024. Tourism and hospitality are set to soar, powered by new travelers, destinations, and trends. spitality are on a journey of disruption. Shifting source markets and destinations, growing demand for experiential and luxury travel, and innovative business strategies are all combining to .
With the U.S. being the largest Travel & Tourism economy in the world, the country’s recovery plays an important role in the rebound of the sector on a global level. According to the report, Travel & Tourism supported more than 16.5 million jobs (10.5% of total U.S. employment) in 2019.
21 maj 2024 · International tourist arrivals and the travel and tourism sector’s contribution to global GDP are expected to return to pre-pandemic levels this year, driven by the lifting of COVID-19-related travel restrictions and strong pent-up demand, as per the new World Economic Forum travel and tourism study, released today.
According to WTTC’s Travel & Tourism Economic Impact 2023 Global Trends Report, the GDP contribution of the U.S. Travel & Tourism sector grew by 16.9% in 2022, to reach $2TN. Additionally, the sector also created 2.7MN more jobs compared to 2021.
