U.S. Travel Releases 2017 Edition of Economic Review of Travel in America
U.S. Travel is pleased to announce the release of the
Economic Review of Travel in America, 2017 Edition—an annual report offering a broad review of the 2016 economic year in travel. As a U.S. Travel member, you have access to the executive summary and can purchase the full report at the discounted member rate.
The report outlines historical measurements of the U.S. travel and tourism industry detailing domestic and international inbound travel volume and the impact of travel on the U.S. economy, as well as the importance of the United States in the global market. In addition, find analysis on the performance of major travel-related industries in the U.S., such as airlines, lodging, amusement/recreation services and foodservice. Whenever possible, 2017 estimates are included.
Findings Include:
- U.S. domestic travel volume, including leisure and business travel, increased 1.3 percent in 2016, to a total of 2.2 billion person-trips. An increase of 1.8 percent is expected in 2017.
- International inbound travelers, including visitors from overseas, as well as Canada and Mexico, declined by 2.4 percent to 75.6 million in 2016. Total international arrivals are forecasted to remain relatively flat in 2017.
- Domestic and international travelers spent $990 billion (excluding international airfare payments) in the U.S. in 2016, up 2.1 percent. An increase of 3.1 percent is forecasted in 2017.
- Total travel spending in the U.S. directly supported 8.6 million travel-related jobs in 2016, up 2.4 percent. Travel spending in the foodservice industry generated 3.5 million jobs (an increase of 3.1 percent), making it the largest travel industry employer in 2016.
- Total travel-generated payroll reached $248 billion in 2016, up 4.3 percent from 2015. The foodservices industry, the largest travel component sector employer, led the growth in travel-generated payroll in 2016 increasing 6.8 percent to $67.7 billion.
- Domestic and international travelers generated $158 billion in tax revenues for federal, state and local governments in 2016, up 4 percent from 2015. Of this tax revenue, $86 billion was collected by the federal government and $72 billion was collected by state and local governments.
- The U.S. Travel Association's Travel Price Index (TPI) increased 0.3 percent in 2016, slower than the 1.3 percent growth in the Consumer Price Index for all urban consumers (CPI-U) over the same period in 2015. In 2017, the TPI is expected to increase 3.6 percent.
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