Travel Advocates Share New Trillion-Dollar Impact Figures with Policymakers
Travel’s essential contributions to U.S. economy, opportunities to grow travel are front and center at legislative fly-in
PRESS RELEASE April 19, 2023
WASHINGTON -
At $1.2 trillion, direct spending on travel in the United States in 2022 was on par with pre-pandemic figures, according to new data released today by the U.S. Travel Association—reflecting the industry’s essential contributions to the American economy.
“Travel rebounded strongly in 2022 thanks to robust demand for domestic leisure travel,” said U.S. Travel Association President and CEO Geoff Freeman. “Now we must focus on fully restoring the international and business travel segments to continue growing this critical driver of the U.S. economy.”
Key points:
- Travel accounted for $1.2 trillion in direct spending in 2022, which produced an economic footprint of $2.6 trillion.
- In 2022, travel supported nearly 15 million American workers—8 million directly employed by the travel industry.
- Travel spending generated nearly $160 billion in total tax revenue, including $84 billion in state and local tax revenue in 2022.
- Travel-generated tax revenue alleviated an average of $1,270 in taxes per U.S. household.
U.S. Travel economists cautioned, though, that when adjusting for inflation, overall travel spending remained down 14% in 2022.
Telling Travel’s Story in Washington
On Wednesday, nearly 250 travel industry leaders from U.S. Travel member organizations elevated the industry’s essential contributions to federal policymakers during the association’s annual legislative fly-in, Destination Capitol Hill.
Delegate meetings were scheduled with 230 members of Congress and their offices to discuss how travel drives economic growth and creates jobs within their respective communities, as well as legislative priorities to grow all sectors of the U.S. travel industry.
- Fully fund the office of the Assistant Secretary of Commerce for Travel and Tourism.
- Lower visitor visa wait times.
- Provide H-2B cap relief to address travel workforce shortfalls.
- Advance Federal Aviation Administration reauthorization priorities.
“Travel’s success is the nation’s success—these priorities are not just important to our industry, but to the future of the U.S. economy,” added Freeman.
U.S. Travel Association is the national, non-profit organization representing the $1.3 trillion travel industry, an essential contributor to our nation's economy and success. U.S. Travel produces programs and insights and advocates for policies to increase travel to and within the United States. Visit ustravel.org for more information.