WHAT IS THE OUTLOOK FOR TRAVEL IN THE
UNITED STATES IN 2015 AND IN THE NEAR-
TERM, AND HOW HAS IT CHANGED FROM
SELECT ABOVE TO SEE Q&A
People tend to think of travel and tourism as just “fun in the sun,” but this industry has
an unbelievable impact on the U.S. economy. Three
numbers truly tell the story: $1,147, 15 million and $142
billion. Each U.S. household would pay $1,147 more
in taxes without the revenue generated by travel and
tourism. Fifteen million American jobs, or one in nine, are
supported by travel and tourism. More than $142 billion in
tax revenue is generated by travel spending for federal, state
and local governments.
Travel is also America’s second-largest industry export.
International travelers visiting America and spending
dollars on American products and services are really no
different from an American company selling its products
overseas. The good thing about the U.S. travel industry is
that our jobs can’t be exported. The future is bright for our
industry, with Americans taking more trips and spending
more in 2015. The incredible growth in international
inbound travel will also continue this year, with arrivals
increasing 3. 7 percent and spending growing 6. 7 percent.
The good news for Americans is that with the growth of
travel jobs accelerating, a record level of employment in the
industry is likely to continue in 2015.