(USA) U.S. Tourism to grow 35%: WTTC estimates World Travel & Tourism Council (WTTC)

The World Travel & Tourism Council (WTTC) said the industry in the United States would grow by as much as 35.7 percent this year. This would significantly outpace the global tourism recovery, which the agency estimates at 30.7 percent. The WTTC study also contains an optimistic outlook for tourism in 2022, with the US sector expected to grow by 28 per cent. This figure represents an increase of 425 million dollars, with a contribution of almost two billion dollars to its overall economy.

In 2019, tourism contributed US$1.9 billion to the US GDP, 8.6 percent of the country’s economy.

However, when the sector ground to a halt because of the Covid-19 pandemic, the industry’s contribution fell 41 percent. “According to the latest WTTC research, tourism in the United States could grow to $395 billion this 2021,” the report said. The agency noted that the US economy benefited from an increase in domestic travel that led to a 40.4 per cent increase in spending. “Although international tourist spending in the US will rise by only 1.9 per cent, changes in restrictions will lead to a 228 per cent increase by 2022,” it said.

If this scenario is realised, it would represent an increase of $98 million and a contribution to GDP of $141 million. The WTTC forecasts that, after the loss of 5.5 million jobs in 2020, the employment rate will increase by 26.2 per cent in 2022. This would translate into a total of 2.9 million jobs and a contribution of almost 14 million jobs in the United States.