Impact of Travel & Tourism on the U.S. and State Economies
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The Travel Industry Association of America (TIA) and National Chamber Foundation of the U.S. Chamber of Commerce are committed to revitalizing travel and tourism and raising awareness of the industry’s contributions to our economy. To communicate the significant impact this industry has on the American economy, TIA and the Chamber have produced a national and state-by-state analysis based on TIA’s Travel Economic Impact Model (TEIM). TIA’s previous annual report, “Impact of Travel on State Economies,” will be replaced by this new joint publication.
Our study quantifies the economic movement of the travel and tourism industry, which was hit hard at the beginning of the decade by a number of factors, including terrorism, new security and visa policy measures, and an economic downturn. Today, the economy is strong and growing stronger. America and the world appear to have regained the confidence to travel again, yet the industry still faces several tremendous challenges that cannot be ignored: enhancing security measures, strengthening and improving our aviation system, creating more effective visa policies, and ensuring taxes and fees levied on the industry are reasonable.
To demonstrate the significance of this industry, our report specifies travel and tourism development in terms of employment, spending, and taxes for each of the 50 states and the District of Columbia. Detailed and historical estimates that demonstrate the economic importance of the travel and tourism industry at the national and state level since 1999 are also provided in the report. The Chamber and TIA have joined together to advance a broader understanding of the national economic contributions made by the travel and tourism industry. We are working hard to ensure continued growth and prosperity in this critical sector of our economy.
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