travel economy
Oceania’s Travel & Tourism Sector Could Boost Region’s Economy by US$112BN Over the Next Decade
World Travel & Tourism Council (WTTC) | October 9, 2024
Perth, Australia: A new report by the World Travel & Tourism Council (WTTC) reveals that Oceania’s Travel & Tourism sector could inject an additional US$112BN to the region’s economy by 2034, bringing the total contribution to a record-breaking US$ 336BN. According to the report, in collaboration with VFS Global and launched today at WTTC’s 24th Global Summit in Perth (Boorloo), Western Australia, this boost could also support an extra 1.1 million jobs, raising the total employment in the region supported by Travel & Tourism to 3.5 million by 2034. The report, “Unlocking Opportunities for Travel & Tourism Grow...
U.S. Travel Association Commends Congress for Avoiding Government Shutdown, Urges Long-Term Funding Solutions
U.S. Travel Association | September 26, 2024
WASHINGTON (September 26, 2024)—U.S. Travel Association commends Congress for its bipartisan effort to pass a short-term Continuing Resolution to keep the federal government open and funded through December 20. This crucial action prevented a government shutdown that would have cost the U.S. travel economy an estimated $140 million per day. U.S. Travel Executive Vice President of Public Affairs and Policy Tori Emerson Barnes released the following statement: "We appreciate Congress’ important steps to avoid a shutdown, but the country simply cannot afford the uncertainty of temporary funding resolutions. As we look beyond the November el...
Federal Government Shutdown Would Cost U.S. Travel Economy $140 Million Per Day According to U.S. Travel Association Analysis
U.S. Travel Association | September 21, 2023
Six in 10 Americans would cancel or avoid trips by air in the event of a government shutdown WASHINGTON (September 21, 2023)—A federal government shutdown is estimated to cost the U.S. travel economy as much as $140 million a day, according to new analysis for the U.S. Travel Association—underscoring the dire consequences of Congress failing to pass a short-term extension by September 30. “Each day that passes will cost the travel economy $140 million, an unacceptable prospect that Congress must avoid before the clock runs out and the damages mount,” said U.S. Travel Association President and CEO Geoff Freeman. “The federal gove...
U.S. Travel Unveils Tool to Measure Tourism’s Impact on State Economies
U.S. Travel | March 8, 2018
Increases or decreases in visitors can have a significant impact on public services WASHINGTON (March 8, 2018)—Amid calls by some state lawmakers to cut state and destination marketing budgets, the U.S. Travel Association today released the Travel Economic Impact Calculator (TEIC), a tool designed to show the direct impact of an increase or decrease in traveler spending on a state's economy—and how travel-generated tax revenues directly supports public sector jobs—like firefighters, police officers and public school teachers. Travel promotion plays an integral role in driving tourism to destinations. Increased inv...
Shutdown Would Cost U.S. Travel Economy At Least $185M per Day
U.S. Travel Association | September 22, 2015
530,000 American Workers Would Be Affected WASHINGTON (September 22, 2015)—A federal government shutdown would cost the U.S. travel sector at least $185 million per day in economic output due to lost activity and affect 530,000 travel-related jobs due to temporary layoffs, reduced wages and fewer hours worked, economists at the U.S. Travel Association project. The U.S. Travel projection encompasses the closure of national parks and historic sites—upon which many regional economies greatly depend—and also the cancellation of both government travel and private business travel related to government projects. "Politic...
