How big is tourism in the US economy?


How big is tourism in the US economy? The U.S. travel and tourism industry generated $1.9 trillion in economic output; supporting 9.5 million American jobs and accounted for 2.9% of U.S. GDP.


Which country relies the least on tourism?

Top Five Countries Least Reliant on Tourism (GDP)
  1. Ukraine - 1.4%
  2. Russian Federation - 1.5%
  3. Poland - 1.7%
  4. Canada - 1.8%
  5. Republic of Korea - 1.8%


What percentage of US travel is business travel?

Approximately 12% of U.S. travel is business travel as of 2022. That number is slightly down from 13.6% in 2021, but half of what it was pre-COVID. For instance, in 2019, business travelers made up at least 25% of all travelers.


What is the most visited country in Europe?

France is the most visited country within Europe, attracting an impressive 81,411,000 foreign sightseers each year – more than any other country in the world. You will find in Paris, the capital, iconic structures such as the Louvre and Eiffel Tower.


What percent of the economy is tourism?

In 2022, the Travel & Tourism sector contributed 7.6% to global GDP; an increase of 22% from 2021 and only 23% below 2019 levels. In 2022, there were 22 million new jobs, representing a 7.9% increase on 2021, and only 11.4% below 2019.


Which European country earns the most from tourism?

European countries with the highest inbound tourism receipts 2019-2022. Spain was the European country with the highest international tourism receipts in 2022, amounting to nearly 73 billion U.S. dollars.


Where does US rank in tourism?

The United States ranks third with 45,037,000 visitors, known for its diverse landscapes and iconic cities.


Is tourism the largest industry in the world?

According to IBISWorld experts' analysis, the global tourism industry is ranked 5th on the list of the 10 global biggest industries by revenue. However, if we rank the industry's size by employment, the travel industry comes in as the first one.


Which country has highest GDP from tourism?

In 2022, the United States reported the highest total contribution of travel and tourism to GDP, with these industries generating, directly and indirectly, roughly two trillion U.S. dollars.


What is the biggest travel business?

With a market cap of approximately 78.2 billion U.S. dollars, Booking.com ranked first among the leading online travel companies worldwide as of December 2022. Competitors Airbnb, Trip.com, and Expedia followed on the list. Second-ranked Airbnb's market cap amounted to roughly 54.1 billion U.S. dollars.


How much of the US economy is tourism?

As the industry entered the recovery period of the COVID–19 pandemic, travel and tourism's share of GDP increased from 1.54 percent in 2020 to 2.15 percent in 2021 (table A). The travel and tourism industry's real output increased $362.0 billion in 2021 but has not fully recovered from the pandemic.


What is the US tourism capital?

More than 50 million visitors travel to New York City every year making it the number one tourist destination in the USA. New York City is known for its diverse culture and world-renowned attractions.


Which country earns most from tourism?

Revenue of travel & tourism market selected countries worldwide 2022. The United States is leading the ranking by revenue in the travel & tourism market, recording 175.43 billion U.S. dollars.


Why is USA so popular for tourists?

Foreigners visit the U.S. to see natural wonders, cities, historic landmarks, and entertainment venues. Americans seek similar attractions, as well as recreation and vacation areas. Walt Disney World's Magic Kingdom in Bay Lake, Florida is the most visited theme park in the world.