Travel, Tourism & Hospitality Spotlight
The Travel, Tourism and Hospitality Industry in the United States
The U.S. travel and tourism industry generated over $1.6 trillion in economic output in 2017, supporting 7.8 million U.S. jobs. Travel and tourism exports accounted for 11 percent of all U.S. exports and nearly a third (32 percent) of all U.S. services exports. That same year, U.S. travel and tourism output represented 2.8 percent of gross domestic product. Expenditures by international visitors in the United States passed $251 billion in 2017, yielding a $77 billion trade surplus for the year. According to Department of Commerce projections, the United States will welcome 95.5 million international visitors annually by 2023 (nearly twice the amount in 2000). The United States leads the world in international travel and tourism exports and ranks third in terms of total visitation.
Accommodations: This subsector is the largest of the three (in terms of total output) and accounts for almost a fifth of total travel and tourism-related spending. In 2017 travelers spent more than $300 billion on traveler accommodations. This sector supports nearly 2.1 million U.S. jobs.
Air Travel: This subsector is the second-largest and accounts for nearly 17 percent of total travel and tourism-related spending. In 2017, travelers spent more than $270 billion on passenger air transportation services. Air transportation services support nearly 900,000 U.S. jobs.
Food Services: This subsector is the third largest and accounts for nearly 16 percent of travel and tourism-related spending. Travelers spent $254 billion on food services in 2017, supporting almost 2.1 million U.S. jobs.
Federal Programs & Legislation
Travel Promotion, Enhancement, and Modernization Act of 2014 (HR 4450): This Act reauthorized the Travel Promotion Act of 2009 through September 30, 2020, and amended other requirements contained within the Act, most of which deal with administrative changes to process and procedures between the Department of Commerce and the Corporation for Travel Promotion (Brand USA). The Travel Promotion Fund cap remains set at $100 million in federal matching funds, though the ratio was shifted to require a minimum of 30 percent match in cash contributions and the balance in in-kind contributions by the private sector. Brand USA is actively working in more than 30 markets around the globe with fully activated marketing and promotion campaigns aimed at increasing international travel to the United States.
Travel, Tourism & Hospitality Industry Associations
American Hotel & Lodging Association
Global Business Travel Association
International Association of Amusement Parks and Attractions
International Inbound Travel Association
National Restaurant Association
National Tour Association
U.S. Travel Association
Auto Rental News
Travel News Brief