15.02.2008 | |
Travel and Tourism Works for America Tells the Impact of the Nation s Fifth Largest Private Industry Sector
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Washington, DC - The Travel Industry Association (TIA) announced today the release of its popular report Travel and Tourism Works for America®. The 20-page publication includes details on trip spending in the United States, workforce totals in travel-sector jobs, the most popular trip activities for domestic travelers and the strength in domestic travel versus a weakness in overseas travel to the U.S.
Highlights from major travel industry sectors are also included, such as airlines, cruises, hotels, and packaged travel and tour operators.
Among the facts included in Travel and Tourism Works for America:
Travel and tourism is a $740 billion industry in the United States.
TIA ranks travel fifth among 20 major private industry sectors, behind only retail, manufacturing, health and administrative.
More than 7.5 million people are employed in travel in the U.S. (Jobs in the foodservices sector rank No. 1, followed by lodging and entertainment/recreation).
Most U.S. travel is for leisure purposes (74 percent).
Travel for business accounts for the remaining one-quarter of all domestic trip activity (26 percent).
Despite a 17 percent decline in overseas travel to the U.S., international travelers overall spent more in the country than U.S. travelers spent while traveling abroad, which created a travel trade surplus for the American economy of $8.3 billion.
Two billion domestic person-trips were taken in 2006, an all-time high. Growth is expected in 2007 and 2008 as well.
More Americans travel by automobile (cars, vans or small trucks) than by any other mode of transportation.
Now in its 16th edition, Travel and Tourism Works for America tells the story of the economic, cultural and social impact that travel has on the United States. The report is presented by American Express, TIA’s Partners in Travel. Single and bulk copies are available for purchase at www.tia.org or by calling 202-408-8422.
www.tia.org
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