Tuesday, May 7, 2013

National Travel & Tourism Week



This week is National Travel & Tourism Week... 
here are a few Travel Facts

Travel and tourism is one of America’s largest industries

  • Generated $2.0 trillion in economic output, with $855.4 billion spent directly by domestic and international travelers that spurred an additional $1.1 trillion in other industries.
  • Directly generated $129 billion in tax revenue for local, state and federal governments.
  • Each U.S. household would pay $1,060 more in taxes without the tax revenue generated by the travel and tourism industry.
  • Direct spending by resident and international travelers in the U.S. averaged $2.3 billion a day, $97.6 million an hour, $1.6 million a minute and $27,125 a second.

Travel and tourism is America’s largest services export industry

  • $168.1 billion in travel exports (including traveler spending in the U.S. and international passenger fare payments to U.S. carriers) and the...
  • $118.1 billion in travel imports (including U.S. resident spending abroad and international passenger fares paid to foreign carriers) creates...
  • $45 billion in balance of travel trade surplus for the U.S.

Travel and tourism is one of America’s largest employers

  • Supported 14.6 million jobs, including 7.7 million directly in the travel industry and 6.9 million in other industries.
  • 1 out of every 8 jobs in the U.S. depends on travel and tourism.
  • Generated $200.9 billion in payroll for those employed directly in U.S. travel.
  • Travel is among the top 10 industries in 48 states and D.C. in terms of employment.

For more information on how Tourism effects

our economy see the link below:



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