The Travel Economic Impact Model (TEIM), developed by U.S. Travel, is the longest-running and most widely used and quoted model to estimate traveler expenditures and related economic impact in the U.S. With these insights travel professionals can determine:
- travel expenditures for an area of interest;
- travel’s impact on employment, payroll and federal, state and local tax revenue;
- detailed analysis of 18 travel categories, including lodging, food, retail, public transportation, auto transportation and amusement/recreation; and
- the economic impact of various types of travel, such as business and leisure, transportation mode, type of accommodations used and other trip and traveler characteristics.