|
>Research Now >Economic Research >Economic of Impact Travel / Tourism Summary
Economic Research: Economic Impact of Travel and Tourism
In 2008, the U.S. travel industry received $772.9 billion from domestic and international travelers (excluding international passenger fares). These travel expenditures, in turn, directly generated more than 7.7 million jobs with $194.1 billion in payroll income for Americans, as well as $117.3 billion tax revenue for federal, state and local governments.
Economic Impact of Travel in the U.S., 2008p
ncluding both U.S. resident and International Travel) |
Travel Expenditures *
|
$772.9 Billion |
Travel-Generated Payroll
|
$194.1 Billion |
Travel-Generated Employment
|
7.7 Million Jobs |
Travel-Generated Tax Revenue
|
$117.3 Billion |
Travel Trade Surplus
|
$29.7 Billion |
Source: U.S. Travel Association, Bureau of Economic Analysis/U.S. Department of Commerce
* Includes spending by domestic and international travelers in the U.S. on travel related expenses (i.e., transportation, lodging, meals, entertainment & recreation, and incidental items); p=preliminary
|
Travel Expenditures in the U.S., 2000-2008p ($ Billions) |
|
Year |
Domestic* |
International |
Total |
International Passenger Fares |
Grand Total |
|
2008p |
662.4 |
110.5 |
772.9 |
31.6 |
804.5 |
|
2007 |
641.0 |
96.7 |
737.8 |
25.6 |
763.4 |
|
2006 |
614.1 |
85.7 |
699.8 |
22.0 |
721.8 |
|
2005 |
572.1 |
81.8 |
653.9 |
21.0 |
674.9 |
|
2004 |
532.4 |
74.5 |
606.9 |
18.9 |
625.8 |
|
2003 |
495.8 |
64.3 |
560.1 |
15.7 |
575.8 |
|
2002 |
478.3 |
66.6 |
544.9 |
17.0 |
561.9 |
|
2001 |
483.8 |
71.9 |
555.7 |
17.9 |
573.6 |
|
2000 |
503.4 |
82.4 |
585.8 |
20.7 |
606.5 |
International Visitors spent $142.1 billion traveling in the U.S. in 2008, including international passenger fares. U.S. resident travelers spent $112.4 billion while traveling in foreign countries during 2008. As a result, a travel trade surplus of $29.7 billion was generated.
Source: U.S. Travel Association, Office of Travel & Tourism Industries /U.S. Department of Commerce
Note: * Spending by international visitors traveling to the U.S. on U.S. flag carriers that are made outside the U.S.
Updated May 2009
|
