While global travel volume increased 7.9 percent from 2015 to 2017, according to research
prepared for Visit U.S. by the U.S. Travel Association, the U.S. slice of that growing pie fell
from 13.6 percent to 11.9 percent during that time period – the first drop after more than a
decade of consistent growth. That decline is a hindrance to the administration’s economic
goals of 3 percent GDP growth, noted Roger Dow, U.S. Travel Association president and
CEO, in a teleconference on Tuesday.
While it might not be apparent to many, the country is experiencing steep losses in jobs and
economic activity as a result of the decline in inbound international
travel, said Dow. If the U.S. had maintained its 2015 market share, the
economy would have gained:
- 7.4 million additional international visitors
- $32.2 billion in additional spending
- 100,000 additional jobs
Original article found here.