Travel Is Up And The Trend Continues According To East Coast Travel Apex
From China to the U.S., tourism ranks as not only one of the largest sources of economic impact, but can also be considered sustainable and therefore, an ideal source of revenue for future generations as well.
Online, October 2, 2012 (Newswire.com) - Hotels, accommodations, dining establishments, attractions and airlines are just some of the many aspects of travel and tourism which fund massive parts of the economy around the world today. From China to the U.S., tourism ranks as not only one of the largest sources of economic impact, but can also be considered sustainable and therefore, an ideal source of revenue for future generations as well.
Despite the economic downturn faced by the U.S. in recent years, tourism has continued to be one of the most important economic stimulus today. According to the U.S. Travel Association, in 2011, direct spending in the U.S. recreationally generated around $564 billion alone. Although forecasted to be upwards of 3 trillion less in 2012, the market is surprising most as despite high prices for fuel and air travel, aspects of travel including ticket sales for air travel are up. According to one source, air travel sales are actually up for the same time last year by over 4 percent. Other U.S. Statistics include:
$1.9 trillion of economic output generated by domestic and international visitors
14.4 million jobs supported by travel expenditures
$124 billion in tax revenue
According to the WTTC or the World Travel and Tourism Council, the statistics and trends show that the U.S. is outdoing many European destinations in terms of growth of tourism and is still up from the previous quarters. Globally, the Global Travel and Tourism update still forecasts growth in the industry, though slightly less than the growth of last year.
East Coast Travel Apex encourages travelers to continue to enjoy destinations in the U.S. and abroad. Though tourism may wane during certain times, most people, including those who directly depend on the industry for their job, can expect that the industry will continue to thrive in years to come. As tourism becomes more accessible in far off destinations and more cost effective around the world, the desire for mankind to travel will continue to grow.
East Coast Travel is located in Apex North Carolina and is the ideal source for all things travel. A value members only travel service, we offer our members options on travel and years of combined experience in addition to a dedication to member satisfaction.