WASHINGTON – At $1.2 trillion, direct spending on journey in the US in 2022 was on par with pre-pandemic figures, in keeping with new information launched immediately by the U.S. Journey Affiliation—reflecting the trade’s important contributions to the American financial system.
“Journey rebounded strongly in 2022 due to sturdy demand for home leisure journey,” mentioned U.S. Journey Affiliation President and CEO Geoff Freeman. “Now we should deal with absolutely restoring the worldwide and enterprise journey segments to proceed rising this crucial driver of the U.S. financial system.”
Key factors
- Journey accounted for $1.2 trillion in direct spending in 2022, which produced an financial footprint of $2.6 trillion.
- In 2022, journey supported almost 15 million American employees—8 million immediately employed by the journey trade.
- Journey spending generated almost $160 billion in whole tax income, together with $84 billion in state and native tax income in 2022.
- Journey-generated tax income alleviated a mean of $1,270 in taxes per U.S. family.
U.S. Journey economists cautioned, although, that when adjusting for inflation, general journey spending remained down 14% in 2022.
Telling journey’s story in Washington
On Wednesday, almost 250 journey trade leaders from U.S. Journey member organizations elevated the trade’s important contributions to federal policymakers throughout the affiliation’s annual legislative fly-in, Vacation spot Capitol Hill.
Delegate conferences have been scheduled with 230 members of Congress and their workplaces to debate how journey drives financial development and creates jobs inside their respective communities, in addition to legislative priorities to develop all sectors of the U.S. journey trade.
- Totally fund the workplace of the Assistant Secretary of Commerce for Journey and Tourism.
- Decrease customer visa wait instances.
- Present H-2B cap aid to deal with journey workforce shortfalls.
- Advance Federal Aviation Administration reauthorization priorities.
“Journey’s success is the nation’s success—these priorities are usually not simply essential to our trade, however to the way forward for the U.S. financial system,” added Freeman.
