U.S. Travel And Tourism Sector Leading Global Recovery
The World Travel & Tourism Council (WTTC) – along with ForwardKeys and Mabrian Technologies, have released new insights into the strong expansion of the U.S. travel and tourism sector.
According to WTTC’s Travel & Tourism Economic Impact 2023 Global Trends Report, the GDP contribution of the U.S. travel and tourism sector grew by 16.9% in 2022, to reach $2 trillion. Additionally, the sector also created 2.7 million more jobs compared to 2021.
In 2023, WTTC forecasts the sector’s GDP contribution will reach $2.2 trillion and that job numbers will total 17.4 million.
This growth was fuelled by a strong resurgence in demand from international visitors, whose spending increased by more than 150% year-on-year, to reach $115.7 billion in 2022.
The report also shows that domestic visitor spend has nearly regained its pre-pandemic levels with figures reaching $1.18 trillion in 2022, close to the $1.2 trillion spent by domestic visitors in 2019.
Measured by economic contribution, and spending by international and domestic visitors, the U.S. led, boasting the largest travel and tourism sector in the world, in both 2019 and 2022.
Data from ForwardKeys reveals a 13% increase in forward-looking U.S. outbound travel, with prime growth destinations such as Greece, the Dominican Republic, Italy, Jamaica, and Mexico seeing increases ranging from 30% to 63%. Families are leading the travel recovery, with family-sized groups witnessing a 21% growth over 2019.
The top international destinations for U.S. visitors are Mexico, Canada, and the UK, together making up 52% of all outbound departures in the U.S. in 2022.
Statistics from Mabrian Technologies reveal that the U.S. continues to host some of the world’s busiest airports. Denver International has witnessed the highest inbound passenger growth of any U.S. airport with almost 2.2 million more passengers between 2019 and 2023.
Orlando International also experienced a rise in inbound traffic, accommodating 1.8 million more travellers in 2022 compared to 2019. The recently rebranded Harry Reid International Airport in Nevada ranks third, with 1.7 million more travellers passing through its gates in 2023 as opposed to 2019.
Other major U.S. airports, such as Hartsfield-Jackson Atlanta International, Dallas Fort Worth International and O’Hare International, are also all forecast to be amongst the top ten busiest airports in the U.S. in 2023 in terms of total inbound passenger numbers.
Together, these figures underscore that airports across the U.S. welcomed a combined 9.6 million more passengers last year in comparison to the period just before the pandemic hit.
As for the future, Julia Simpson, WTTC President & CEO, observed that: “The U.S.’s performance is more than just numbers; it shows the resilience and enduring demand for travel and tourism.”
Simpson continued: “In 2019, one in ten jobs globally were in the Travel & Tourism sector and it’s set to contribute $9.5TN to the global economy this year alone.”
U.S. travellers have remained steadfast in their continued preferences for southern European destinations. Searches for vacations to southern Europe only saw a minimal 0.3% decrease according to ForwardKeys, highlighting Americans’ sustained interest in the region, despite high summer temperatures.
With contributions reaching pre-pandemic levels, the U.S. Travel & Tourism sector’s positive trajectory signals optimism and growth, reflecting the sector’s resilience and potential.