National Travel and Tourism Week (NTTW) has officially kicked off today! The travel industry plays an indispensable role in driving economic growth, bringing guests from all over the world to stay at hotels, and supporting communities across the country.
Take a look at some of the data that showcases how travel moves hospitality and the U.S. forward:
In 2022, direct travel spending totaled $1.2 trillion, powering communities and livelihoods across the nation.
According to AAHOA’s Oxford Study, hotel guest ancillary spending totaled $136.5 billion. This includes spending in the local area as well as transportation to and from the destination but excludes spending at AAHOA hotels.
With an economic output of $2.6 trillion in 2022, travel serves as an essential catalyst for a productive U.S. economy and helps fuel connection and innovation within other industries.
According to AAHOA’s Oxford Study, guests staying at AAHOA hotels spent $275.4 billion at hotels, local businesses, and transportation.
The travel industry’s impact goes beyond direct employment to support a total of 15 million American jobs. Prior to the pandemic, 1 out of 10 jobs depended on travel.
According to AAHOA’s Oxford Study, a representative AAHOA property with 100 occupied rooms supports 204 total jobs, including 106 direct jobs and 98 indirect and induced jobs. This impact includes 55 direct jobs at the hotel, with $2.3 million in wages, salaries, and other labor income.
For more incredible data on how travel and AAHOA Members are a critical component to the economic vitality of America, check out the following resources:
Also, remember to join the conversation this week on social media using the following hashtags:
#AAHOA
#NTTW23
#TravelForward
