tourism and development in the usa
TRANSCRIPT
Economic DevelopmentUSA
The Tourism Industry
Economic Impact +
• Sales• Profit• GED• Jobs• Tax revenues• Population Growth
World Ranking
• The United States Travel & Tourism economy is ranked number:
• 1 in absolute size worldwide• 79 in relative contribution to national
economies• 143 in long-term (10-year) growth
Origin 2007[34] 2008[34] 2009[34] 2010[34] 2011[34]
Canada 16,691 17,274 17,847 18,409 18,960
Mexico 13,717 14,127 14,529 14,921 15,304
Europe 10,951 11,407 11,822 12,230 12,632
Asia 6,348 6,710 7,050 7,390 7,730
South America
2,166 2,267 2,367 2,466 2,564
Caribbean 1,277 1,316 1,355 1,394 1,431
Central America
737 768 798 829 860
Oceania 804 838 872 905 937
Middle East 600 622 644 666 688
Africa 270 282 294 306 317
The U.S. Department of Commerce forecasts: (in thousands)
Economic Impact -
• Changes in Price• tourism can sometimes inflate the cost of housing and
retail prices in the area
• Changes in property and other taxes• Higher tax to cover to cover the added infrastructure
and service costs
Environmental Impact
• These can be positive or negative. For example, traffic congestion will increase costs of moving around for both households and businesses.
• Tourism can provide an alternative to development scenarios that may have greater environmental impact
Growth
• Growth Real GDP growth for Travel & Tourism economy is expected to be -4.2% in 2009 and to average 3.3% per annum over the coming 10 years.
