THE TOURISM INDUSTRY
October 20th at 6:43pm Published by firstdownadmin
In its broadest sense, the tourism industry is the total of all businesses that directly provide goods or services to facilitate business, pleasure and leisure activities away from the home environment.
Tourism is one of the biggest industry in which large number of people are working together. … It is one of the industry which is resposible for some countries economy.
In the U.S. travel and tourism industry generated over $1.6 trillion in economic output in 2012, supporting 7.8 million U.S. jobs. Travel and tourism exports accounted for 11 percent of all U.S. exports and nearly a third (32 percent) of all U.S. services exports.
Perhaps unsurprisingly, domestic travel spending has consistently contributed more than international, making up around 80 percent of spending year-on-year for the past five years. GDP is not the only aspect of the economy that the travel and tourism industry contributes to, it also provides a source of employment for U.S. residents, directly contributing to approximately 5.29 million jobs