US tourism sector to outpace 2019 subsequent yr | Information

US tourism sector to outpace 2019 next year


The newest analysis from the World Journey & Tourism Council (WTTC) reveals the US tourism sector may expertise year-over-year progress of 36 per cent in 2021.

This can be a considerably sooner enchancment than the general world tourism restoration.

The outlook is much more rosy for 2022, with the journey sector in the US anticipated to develop by one other 28 per cent, reaching practically $2 trillion of the US economic system for a contribution exceeding pre-pandemic ranges.

By comparability, in 2019, the US tourism sector’s contribution to GDP represented practically $1.9 trillion.

“Our analysis reveals that whereas the worldwide tourism sector is slowly starting to get well, the US is recovering sooner than many different areas,” stated Julia Simpson, WTTC chief govt.

“Final yr, the pandemic decimated greater than 5 million tourism jobs throughout the US; nevertheless, as a consequence of a predicted rise in worldwide and home spend this yr and subsequent, each jobs and GDP are on the rise.”

Simpson added: “America opening its borders and easing restrictions to main supply markets such because the UK and the EU will present an enormous increase to economies on either side of the Atlantic.

“Nevertheless, the long-term restoration of the sector in the US and all over the world depends upon the US border remaining open to worldwide guests and making journey simpler.”

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