travel economic benefits
National Travel & Tourism Week, which runs this year from May 7-13, is a time to celebrate the impact that travel and tourism have on the U.S. economy.
And it’s huge. According to the U.S. Travel Association:
- In 2016, domestic and international travelers spent a combined $683 billion on leisure travel in the U.S. When you add in business travelers, the total is almost $1 trillion — some $31,500 spent per second.
- That same trillion-dollar spending generated $2.3 trillion in total economic output in the U.S., factoring in an additional $1.3 trillion spurred in other industries, such as retail.
- The travel industry supports 15.3 million American jobs — 8.6 million directly in the travel industry and 6.7 million in other industries.
- One of every nine jobs in the U.S. is dependent on the… Continue reading