The strong international market to the United States is leading the way in new forecasted growth for travel and tourism, a report released at Pow Wow 2011 has revealed.
The U.S. Commerce Department has estimated a 6-8 per cent average annual growth in tourists to the country over the next five years, with 2011 already starting strong and expecting to end at a high 28 per cent increase to 64 million foreign travellers spending some US$144 billion during their stay.
The 2011 International Travel and Tourism Forecast shows that if targets are reached this year it will exceed 2010’s record of $32 billion spent by international travellers.
Travellers from Oceania are expected to increase by 82 per cent, while China is expected to grow by 232 per cent, South Korea by 200 per cent and Brazil by 150 per cent. All except Ireland and Jamaica from top expected-40 countries to grow significantly from 2010 through to 2016.
Tourism remains as one of the most significant resources toward America’s GDP, also providing millions of service sector employment.
“Growth in travel and tourism – with many international visitors spending a lot of money in America – will help us achieve the President’s goal of doubling exports, which will support millions of American jobs,” U.S. Commerce Secretary Gary Locke said.
“Last year, our nation hosted a record-breaking number of international visitors, and the future looks even brighter.”
60 million international travellers visited the U.S. in 2010 generating over $134 billion for the country and a $32 billion trade surplus. According to the report, 8 million people in the U.S. are employed within the travel and tourism industries, with 1.2 million directly linked to international visitation.
“Travel and tourism has been producing a trade surplus every year for more than two decades,” Under Secretary of Commerce for International Trade Francisco Sánchez said at Pow Wow.
“Without the continued strength of America’s tourism industry, we wouldn’t have seen the strong export growth of the last year.”
Source = e-Travel Blackboard: D.M