Entry Title

The State of Travel - 2019

The Global Headlines
- Travel & Tourism experienced 3.5% growth in 2019, ahead of global growth of 2.5% for the 9th consecutive year.
- Over the past five years, 1 in 4 new jobs were created by Travel & Tourism, making it the best partner for governments to generate employment
- Travel & Tourism’s direct, indirect and induced impact accounted for:
   - $8.9T contribution to the world’s GDP
   - 10.3% of global GDP
   - 330M jobs, 1 in 10 jobs around the world
   - $1.7T visitor exports (6.8% of total exports, 28.3% of global services exports)
   - $948B capital investment (4.3% of total investment)  

The US Headlines
- Total domestic and international inbound traveler direct spending in the U.S. which generated a total (direct, indirect, induced) spend of $2.6T in economic output. Spending by resident and international travelers in the U.S. averaged $3.1B a day, $128.6M an hour, $2.1M a minute and $35,700 a second

15.8M - Jobs supported by travel expenditures (includes 9.0M directly in the travel industry and 6.8M in other industries)

- Wages shared by American workers directly employed by travel

$179.7B - Tax revenue generated by travel spending for federal, state and local governments

2.9% - Percent of US GDP attributed to travel and tourism

1 out of 10 - U.S. jobs depend on travel and tourism (U.S. non-farm jobs directly and indirectly relying on the travel industry) 

2.3B - Number of trips that Americans took for business and leisure

83% - Percent of travel companies considered small businesses (2015)

79M - International arrivals in the U.S.

Top 10 - Travel is among the top 10 industries in 49 states and D.C. in terms of employment

The US Details
Leisure Travel
- Direct spending on leisure travel by domestic and international travelers totaled $792.4B
- Spending on leisure travel generated $124.6B in tax revenue
- 4 out of 5 domestic trips taken are for leisure purposes
- U.S. residents logged 1.9B leisure trips
- Direct jobs responsible for - 6.5M
Business Travel
- Direct spending on business travel by domestic and international travelers totaled $334.2B.
- Spending on business travel generated $55.1B in tax revenue
- 1 out of 5 domestic trips taken are for business purposes (assumption)
- U.S. residents logged 464.4M business trips
- Direct jobs responsible for - 2.5M
International Travel
- U.S. Travel Exports (includes general travel spending, international passenger fares, as well as international traveler spending on medical, educational and cross‐ border/seasonal work‐related activities) totaled $255B ... U.S. Travel Imports totaled $196B ... = $59 billion travel trade surplus
- International arrivals to the U.S. = 79M
- US share of international arrivals is 5.4% (down from 6.4% in 2015)
- US share of global long‐haul travel is 11.3% (down from 13.7% in 2015)
- International travel spending directly supported about 1.2 million U.S. jobs and $33.6 billion in wages.
- Each overseas traveler spends $4,200 when they visit the U.S. and stays 18 nights
- Overseas arrivals represent half of international arrivals, yet account for 84% of total international travel spending

The US Impacts
- U.S. domestic travel increased 1.7% from 2018 to a total of 2.3B trips in 2019.
- The power of travel to create jobs is much greater than other industries. Every $1M in sales of travel goods and services directly generates eight jobs for the industry (In contrast, every $1M in total non-farm industry sales creates five jobs on average)
- Travel accounts for 7% of total private industry employment in the U.S, directly supporting 9M jobs
- Economic impact of travel - Travelers produce “multiplier” impact on U.S. economy = $2.6T total travel-related output leveraging three inputs:
     - Direct: Spending on travel goods and services (creates travel industry employment/payroll)
     - Indirect: Travel Industry buys inputs and supplies to meet traveler demand (creates other industry employment/payroll)
     - Induced: Consumer spending by the employees of travel industry and their suppliers creates additional employment/payroll

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