WTTC United States

8/4/2019 WTTC United States

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United States

2011Travel & Tourismeconomic impacT



CHAIRMAN:

Geo rey J W Kent Founder & Executive ChairmanAbercrombie & Kent

VICE CHAIRMEN:

Jean-Claude Baumgarten Vice ChairmanWorld Travel & Tourism Council

Edouard Ettedgui Group Chie ExecutiveMandarin Oriental Hotel Group

Sir Maurice Flanagan KBE Executive Vice ChairmanEmirates Airline & Group

Michael Frenzel Chairman o the Executive Board

TUI AGMark Harms Chairman & CEOGlobal Leisure Partners

Stephen P Holmes Chairman & CEOWyndham Worldwide

Man redi Le ebvre D’Ovidio ChairmanSilversea Cruises

Brett Tollman President & Chie ExecutiveThe Travel Corporation

EXECUTIVE COMMITTEE:

Marilyn Carlson Nelson ChairmanCarlson

Je Clarke President & CEOTravelport

Andrew Cosslett CEOInterContinental HotelsGroup PLC

Qiang Duan ChairmanBeijing Tourism Group

Sebastián Escarrer Vice ChairmanSol Meliá

Manuel Fernando Espírito Santo ChairmanRio orte Investments SA

Denis Hennquin CEOAccor

Pansy Ho Managing DirectorShun Tak Holdings Limited

James Hogan CEOEtihad Airways

Hubert Joly President, CEO & DirectorCarlson

Richard R Kelley ChairmanOutrigger Enterprises Group

Tom Klein PresidentSabre Holdings

Gerald Lawless Executive Chairman

Jumeirah Group

Jabu Mabuza CEOTsogo Sun Group

J W Marriott, Jr Chairman & CEOMarriott International, Inc

Alan Parker CBE Chie ExecutiveWhitbread PLC

Christopher J Nassetta

President & CEOHilton Worldwide

Charles Petruccelli President Global Travel ServicesAmerican Express Company

Christopher Rodrigues CBE ChairmanVisitBritain

Je rey C Rutledge Chairman & CEOTravel Guard Worldwide, Inc

Arne M Sorenson President & COOMarriott International, Inc

Jyotsna Suri Chairperson & Managing DirectorBharat Hotels Ltd

GLOBAL MEMBERS:

Talal Al Bahar Chairman & Managing DirectorIFA Hotels & Resorts

Mohammed Al Habbai CEODubailand

Ted J Balestreri Chairman & CEOCannery Row Company

Simón P BarcelóCEOBarceló Corporatión Empresarial

Raymond Bickson Managing DirectorTaj Hotels, Resorts and Palaces

Rattawadee Bualert Presidentlebua Hotels & Resorts Co, Ltd

Gabriele Burgio Chairman & CEONH Hoteles

Chris J Cahill

COOFairmont Ra es HotelsInternational

Alexandre Chemla PresidentAltour

Feng Chen Chairman o the BoardHNA Group

Rong Chen CEOCITS, Head Ofce

Jim Compton Executive Vice President &Chie Revenue OfcerUnited Airlines

Pier Luigi Foschi Chairman & CEOCosta Cruises

Arthur de Haast Global Chie Executive Ofcer

Jones Lang LaSalle Hotels

Andy Harrison Chie ExecutiveWhitbread Plc

Raimund Hosch President & CEOMesse Berlin GmbH

Stephen P. Joyce President & CEOChoice Hotels International

Miltos Kambourides Managing PartnerDolphin Capital Partners

Dara Khosrowshahi President & CEOExpedia Inc

Sir Nigel Knowles Co-CEO

DLA Piper

RK Krishna Kumar Vice ChairmanTaj Hotels, Resorts & Palaces

Hans Lerch Vice Chairman & CEOHotelplan Holding Ltd

Yi Liu PresidentBeijing Tourism Group

Luis Maroto CEOAmadeus IT Group SA

Richard Mortimore Managing DirectorReed Travel Exhibitions

Jim Murren CEOMGM Resorts International

Jerry Noonan Co-leader, Global Hospitality& Leisure PracticeSpencer Stuart

Deepak Ohri Chie Executive Ofcerlebua Hotels & Resort s Co, Ltd

Frits D van Paasschen

President & CEOStarwood Hotels & ResortsWorldwide, Inc

Andy Payne CEOWilderness Sa aris

Jean Gabriel Pérès President & CEOMövenpick Hotels & Resorts

Fernando Pinto CEOTAP Portugal

Alexander Pleshakov CEOTransaero

Anne Pruvot Senior ExecutiveAccenture

David Radcli e Chie ExecutiveHogg Robinson Group

Marty Sal en General ManagerGlobal Travel &Transportation IndustryIBM

Per Setterberg CEOGlobal Blue Group

Jasminder Singh Chairman & CEORadisson Edwardian Hotels

Je Smisek President & CEOUnited Airlines

Khalid A bin Sulayem Director GeneralDepartment o Tourism andCommerce Marketing

Hiromi Tagawa President & CEO

JTB Corp

Yassin K Talhouni CEOZara Investment Holding Co Ltd

Jaume Tàpies PresidentRelais & Châteaux

Robin Tauck PresidentR Tauck & Partners

Jose Antonio Tazón Chairman o the Board

Amadeus IT Group SA

Jonathan M Tisch Chairman & CEOLoews Hotels

Matthew D Upchurch CEOVirtuoso

Philip Wol President & CEOPhoCusWright, Inc

Jiwei Xu Huangshan Tourism GroupChairman

Vladimir Yakushev Managing PartnerS-Group Capital Management

Tim Zagat Co-Founder, Co-Chair & CEOZagat Survey LLC

HONORARY MEMBERS:

André Jordan ChairmanAndré Jordan Group

Jonathan S Linen Adviser to the ChairmanAmerican Express Company

Lord Marshall o Knightsbridge ChairmanNomura International plc

Sir Frank Moore, AO ChairmanFT Moore P/L

Frank Olson Retired Chairman o the BoardThe Hertz Corporation

Gérard Pélisson Co-Chairman, Supervisory BoardAccor

Carl Ruderman ChairmanUniversal Media

Tommaso Zanzotto PresidentTZ Associates Ltd

CHAIRMAN EMERITUS:

James D Robinson III General PartnerRRE VenturesWTTC Chairman (1990-1994)

IMMEDIATE PASTCHAIRMAN:

Vincent A Wolfngton ChairmanGlobal Alliance Advisors LLCWTTC Chairman (2004-2007)

FORMER CHAIRMEN:

Sir Ian Prosser Retired ChairmanInterContinental HotelsGroup PLCWTTC Chairman (2001-2003)

Harvey Golub Non-Executive ChairmanAIG IncWTTC Chairman (1996-2001)

Robert H Burns ChairmanRobert H Burns HoldingsLimited WTTC Chairman (1994-1996)

PRESIDENT & CEO:

David Scowsill

14 February 2011



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David ScowsillPresident & CEO

World Travel & Tourism Council

Geoffrey J W KentChairman , World Travel & Tourism Council and

Chairman & CEO, Abercrombie & Kent

1



CONTENTS

0 K y F

D h b T & T 4

T & T ’ b GDp 5

T & T ’ b y 6

7

D f T & T 8

y k 0 (Absolute Contribution) 9

y k 0 (Relative Contribution) 0

y k 0 - 0 (10-year Real Growth per annum)

s y T b (Estimates and Forecasts)

s y T b (Economic Contribution of Travel & Tourism) - 4

G y 5

TH p T F T & T s

s F T s TH s D, p D D s s K W DG D

1-2 Queen ictoria Terrace, sovereign ourt, ondon 1W 3H , KTel: +44 (0) 0 748 8007. Fax: +44 (0) 0 7488 008. mail: q @w . . www.w .2



GDP: Direct Contribution3.5%

GDP: Total Contribution3.2%

Employment: Direct Contribution1.5%

Employment: Total Contribution1.7%

Visitor Exports3.5%

Investment4.6%

1 143

ABSOLUTE GROWTHsize forecast

Direct In direct Induced

UNITED STATES

Total Contribution of Travel & Tourism to GDP Breakdown of Travel & Tourism's Total Contribution to GDP andEmployment 2011

The total contribution of Travel &Tourism to GDP, including its wider economic impacts, is forecastto rise by 3.2% pa from US$1,349.6bn (8.8% of GDP) in 2011 to US$1,845.1bn (9.0%) by 2021.

89

RELATIVEcontribution to national economy

Travel & Tourism is expected to support directly 5,492,000 jobs (3.9% of total employment) in2011, rising by 1.5% pa to 6,391,000 jobs (4.0%) by 2021.

2011 KEY FACTS

Relative importance of Travel & Tourism's total contribution to GDP

Travel & Tourism visitor exports are expected to generate US$171.2bn (8.5% of total exports) in2011, growing by 5.8% pa (in nominal terms) to US$241.0bn (5.4%) in 2021.

The total contribution of Travel & Tourism to employment, including jobs indirectly supported bythe industry, is forecast to rise by 1.7% pa from 14,778,000 jobs (10.5% of total employment) in 2011to 17,454,000 jobs (10.8%) by 2021.

TEL: +44 (0) 20 7481 8007 . FAX: +44 (0) 20 7488 1008 . [email protected] . www.wttc.org

GDP (2011 US$bn)

© 2011 World Travel & Tourism Council

2011 US$bn

= Total contribution of Travel

& Tourism

Employment ('000)

1-2 QUEEN VICTORIA TERRACE, SOVEREIGN COURT, LONDON E1W 3HA, UK

The direct contribution of Travel &Tourism to GDP is expected to be US$404.0bn (2.6% of totalGDP) in 2011, rising by 3.5% pa to US$570.3bn (2.8%) in 2021 (in constant 2011 prices).

Average real growth pa2011-21

Travel & Tourism investment is estimated at US$130.9bn or 5.3% of total investment in 2011. Itshould rise by 4.6% pa to reach US$206.1bn (or 5.8%) of total investment in 2021.

World ranking (out of 181 countries):

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2001 2003 2005 2007 2009 2011 2021

296

649

404 5492 6559 2727

3



•

•

DEFINING THE ECONOMIC CONTRIBUTION OFTRAVEL & TOURISM

Tourism Satellite Account: Recommended Methodological Framework (TSA: RMF 2008).

The total contribution of Travel & Tourism includes its ‘wider impacts’ (ie the indirect and induced impacts) on the economy.

The ‘indirect’ contribution includes the GDP and jobs supported by:

The direct contribution of Travel & Tourism to GDP reflects the ‘internal’ spending on Travel & Tourism (total spendingwithin a particular country on Travel & Tourism by residents and non-residents for business and leisure purposes) as well asgovernment 'individual' spending - spending by government on Travel & Tourism services directly linked to visitors, such ascultural (eg museums) or recreational (eg national parks).

Travel & Tourism is an important economic activity in most countries around the world. As well as its direct economic impact,the industry has significant indirect and induced impacts. The UN Statistics Division-approved Tourism SatelliteAccounting methodology (TSA:RMF 2008) quantifies only the direct contribution of Travel & Tourism. But WTTCrecognises that Travel & Tourism's total contribution is much greater, and aims to capture its indirect and induced impactsthrough its annual research.

Direct Contribution

Total Contribution

The direct contribution of Travel & Tourism to GDP is calculated to be consistent with the output, as expressed in NationalAccounting, of tourism-characteristic sectors such as hotels, airlines, airports, travel agents and leisure and recreation services

The direct contribution of Travel & Tourism to GDP is calculated from total internal spending by ‘netting out’ the purchasesmade by the different tourism sectors. This measure is consistent with the definition of Tourism GDP, specified in the 2008

The ‘induced’ contribution measures the GDP and jobs supported by the spending of those who are directly or indirectlyemployed by the Travel & Tourism industry.

that deal directly with tourists.

PLEASE NOTE THAT DUE TO CHANGES IN METHODOLOGY BETWEEN 2010 AND 2011, IT IS NOT POSSIBLE TOCOMPARE FIGURES PUBLISHED BY WTTC IN 2011 WITH THE SERIES PUBLISHED IN PREVIOUS YEARS

Government 'collective' spending, which helps Travel & Tourism activity in many different ways as it is made on behalf of the ‘community at large’ – eg tourism marketing and promotion, aviation, administration, security services, resort areasecurity services, resort area sanitation services, etc;

Domestic purchases of goods and services by the sectors dealing directly with tourists - including, for example, purchases of food and cleaning services by hotels, of fuel and catering services by airlines, and IT services by travel agents.

Travel & Tourism investment spending – an important aspect of both current and future activity that includes investmentactivity such as the purchase of new aircraft and construction of new hotels;

4



1 All values are in constant 2011 prices & exchange rates

The direct contribution of Travel & Tourism to GDP is expected to grow by 3.5% per annum (pa) toUS$570.3bn (2.8% of GDP) by 2021.

Constant 2011 US$bn

Direct Indirect Induced

% of whole economy GDP

Direct Indirect Induced

The total contribution of Travel & Tourism to GDP (including wider effects from investment, the supplychain and induced income impacts, see page 2) is expected to be US$1,349.6bn in 2011 (8.8% of GDP). It isforecast to rise by 3.2% pa from US$1,845.1bn by 2021 (9.0% of GDP).

United States: Direct Contribution of Travel & Tourism to GDP

TRAVEL & TOURISM'S CONTRIBUTION TO GDP 1

United States: Total Contribution of Travel & Tourism to GDP

The direct contribution of Travel & Tourism to GDP is expected to be US$404.0bn in 2011 (2.6% of

GDP). This primarily reflects the economic activity generated by industries such as hotels, travel agents,airlines and other passenger transportation services (excluding commuter services). But it also includes, for example, the activities of the restaurant and leisure industries directly supported by tourists.

% of whole economy GDP

Constant 2011 US$bn

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

2011 2021

0

100

200

300

400

500

600

2001 2003 2005 2007 2009 2011 20210.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

2001 2003 2005 2007 2009 2011 2021

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2011 2021

5



'000 % of whole economy employment

% of whole economy employment

Direct Indirect Induced Direct Indirect Induced

By 2021, Travel & Tourism will account for 6,391,000 jobs directly, an increase of 899,000 (16.4%) over thenext ten years.

Travel & Tourism is expected to generate 5,492,000 jobs directly in 2011 (3.9% of total employment). This

includes employment by hotels, travel agents, airlines and other passenger transportation services

TRAVEL & TOURISM'S CONTRIBUTION TOEMPLOYMENT

United States: Direct Contribution of Travel & Tourism to Employment

United States: Total Contribution of Travel & Tourism to Employment

The total contribution of Travel & Tourism to employment (including wider effects from investment, thesupply chain and induced income impacts, see page 2) is expected to be 14,778,000 jobs in 2011 (10.5% of total employment). By 2021, Travel & Tourism is forecast to support 17,454,000 jobs (10.8% of totalemployment), an increase of 1.7% pa over the period.

(excluding commuter services). It also includes, for example, the activities of the restaurant and leisureindustries directly supported by tourists.

'000

3.5

3.6

3.7

3.8

3.9

4.0

4.1

4.2

4.3

2001 2003 2005 2007 2009 2011 2021

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

2011 2021

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2001 2003 2005 2007 2009 2011 2021

0.0

2.0

4.0

6.0

8.0

10.0

12.0

2011 2021

6



Constant 2011 US$bn mn Foreign visitor exports as % of total exports

Foreign visitor exports (LHS) Foreign tourist arrivals (RHS)

Constant 2011 US$bn


Travel & Tourism is expected to attract capital investment of US$130.9bn, rising by 4.6% pa to US$206.1bn.

Visitor exports are a key component of the direct contribution of Travel & Tourism. The United States

areexpected to attract 62,823,000 international tourist (overnight visitor) arrivals in 2011, generatingUS$171.2bn in visitor exports (foreign visitor spending, including spending on transportation).

Travel & Tourism capital investment as % of wholeeconomy capital investment

By 2021, international tourist arrivals are forecast to total 79,323,000, an increase of 2.4% pa generatingexpenditure of US$241.0bn.

VISITOR EXPORTS 1

United States: Capital Investment in Travel & Tourism

United States: Visitor Exports and International Tourist Arrivals

This means that Travel & Tourism’s share of total national investment will rise from 5.3% in 2011 to 5.8% in2021.

INVESTMENT

0

50

100

150

200

250

300

2001 2003 2005 2007 2009 2011 20210

10

20

30

40

5060

70

80

90

0.0

2.0

4.0

6.0

8.0

10.0

12.0

2001 2003 2005 2007 2009 2011 2021

0

50

100

150

200

250

2001 2003 2005 2007 2009 2011 20210.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

2001 2003 2005 2007 2009 2011 2021

7



Direct 29.9%

Indirect 48.1%

Induced 22.0%

a)b)c)


Investment: 7.3%

Indirect is the sum of:

The Travel & Tourism industry contributes to

GDP and employment in many ways as detailedon page 2.

The total contribution of Travel & Tourismto GDP is three times greater than its directcontribution.

Government collective: 8.4%

Supply chain: 32.4%

DIFFERENT COMPONENTS OF TRAVEL & TOURISM 1

Leisure travel spending (inbound and domestic) isexpected to generate 73.7% of direct Travel &Tourism GDP in 2011 compared with 26.3% for business travel spending.

United States: Travel & Tourism's Direct Contribution toGDP - Business vs Leisure, 2011

United States: Breakdown of Travel & Tourism's TotalContribution to GDP, 2011

Leisure travel spending is expected to totalUS$665.6bn in 2011, rising to US$955.8bn in2021.

Business travel spending is expected to totalUS$236.9bn in 2011, rising to US$330.1bn in2021.

Domestic travel spending is expected to generate81.0% of direct Travel & Tourism GDP in 2011compared with 19.0% for visitor exports. (ieforeign visitor spending or international tourismreceipts).

Foreign visitor spending 19.0% Domestic spending 81.0%

Leisure spending 73.7% Business spending 26.3%

United States: Travel & Tourism's Direct Contribution toGDP - Domestic vs Foreign, 2011

Domestic travel spending is expected to totalUS$731.3bn in 2011, rising to US$1,044.9bn in2021.

Visitor exports are expected to total US$171.2bnin 2011, rising to US$241.0bn in 2021.

b

a

c

8





COUNTRY RANKINGS, 2011WTTC League Table Extract: Relative Contribution

Travel & Tourism's Direct Contribution to GDP Travel & Tourism's Total Contribution to GDP2011 2011

% share % share

46 Greece 5.64 40 Greece 15.7952 Spain 5.13 50 Spain 14.39

World Average 5.12 World Average 13.8772 France 3.87 57 Australia 12.9890 Australia 3.30 86 France 9.1091 Italy 3.24 89 United States 8.80

110 United States 2.63 90 Italy 8.59119 United Kingdom 2.43 115 United Kingdom 6.90

133 Japan 2.18 116 Japan 6.85156 Germany 1.68 149 Canada 4.99171 Canada 1.38 158 Germany 4.55

2011 2011% share % share

24 Greece 8.0 32 Greece 18.445 Australia 5.7 40 Australia 16.2

World Average 5.2 World Average 13.662 France 4.5 53 Spain 12.771 United States 3.9 71 United States 10.577 Italy 3.7 74 France 10.287 Canada 3.2 80 Italy 9.793 United Kingdom 3.1 100 United Kingdom 7.6

113 Spain 2.6 108 Japan 7.1128 Japan 2.3 109 Canada 7.0145 Germany 1.8 149 Germany 4.9

Travel & Tourism Investment Visitor ExportsContribution to Capital Investment 2011 Contribution to Exports 2011

% share % share

26 Greece 14.26 43 Greece 22.78World Average 8.27 59 Spain 15.50

90 Australia 5.53 73 Australia 12.3694 Spain 5.40 96 United States 8.4897 United States 5.30 97 France 8.13

121 Italy 4.08 98 Italy 8.08127 United Kingdom 3.88 World Average 5.75141 Germany 3.13 110 United Kingdom 5.74142 Japan 3.06 127 Canada 4.16143 France 3.03 145 Germany 3.01146 Canada 2.85 166 Japan 1.59

Travel & Tourism's DirectContribution to Employment

Travel & Tourism's TotalContribution to Employment

10



COUNTRY RANKINGS, 2011 - 2021WTTC League Table Extract: 10-year Real Growth per annum

Travel & Tourism's Direct Contribution to GDP Travel & Tourism's Total Contribution to GDP2011 - 2021 2011 - 2021

(10-year real growth % pa) (10-year real growth % pa)

97 Canada 4.6 113 Canada 4.3World Average 4.4 World Average 4.1

122 Greece 4.0 120 Greece 4.0125 United Kingdom 3.9 127 United Kingdom 3.7141 United States 3.5 143 United States 3.2158 Australia 2.7 157 Australia 2.6161 Italy 2.6 169 Italy 2.0165 Japan 2.4 176 Japan 1.6

166 France 2.4 177 France 1.6178 Germany 1.6 179 Spain 1.1180 Spain 1.1 180 Germany 0.8

2011 - 2021 2011 - 2021(10-year real growth % pa) (10-year real growth % pa)

94 United Kingdom 2.3 World Average 2.2World Average 1.9 94 Greece 2.1

116 Greece 1.9 100 United Kingdom 2.0127 Italy 1.6 116 United States 1.7132 United States 1.5 128 Canada 1.4136 Canada 1.5 144 Italy 1.0139 France 1.4 150 France 0.5153 Spain 0.8 152 Australia 0.4154 Japan 0.7 154 Spain 0.3160 Australia 0.2 155 Japan 0.2170 Germany -0.2 176 Germany -1.0

Travel & Tourism Investment Visitor Exports2011 - 2021 2011 - 2021

(10-year real growth % pa) (10-year real growth % pa)

World Average 5.4 18 Japan 7.270 Canada 5.2 52 Greece 5.989 Spain 4.7 73 Canada 5.491 United States 4.6 92 United Kingdom 4.793 United Kingdom 4.6 World Average 4.3

125 Australia 3.8 136 United States 3.5133 Greece 3.5 152 Australia 2.7145 Germany 3.0 154 France 2.5150 France 2.9 156 Italy 2.5168 Italy 1.7 158 Germany 2.5169 Japan 1.6 163 Spain 2.2

Travel & Tourism's DirectContribution to Employment

Travel & Tourism's TotalContribution to Employment

11



ESTIMATES AND FORECASTS

2011US$bn 1 US$bn 1

Direct contribution to GDP 404.0 2.6 5.9 570.3 2.8 3.5

Total contribution to GDP 1,349.6 8.8 3.2 1,845.1 9.0 3.2

Direct contribution to employment 4 5,492 3.9 3.5 6,391 4.0 1.5Total contribution to employment 4 14,778 10.5 1.8 17,454 10.8 1.7

Visitor exports 171.2 8.5 5.7 241.0 5.4 3.5

Domestic spending 714.6 4.7 4.8 1,023.0 5.0 3.7

Leisure spending 665.6 4.3 3.6 955.8 4.6 3.7

Business spending 236.9 1.5 8.7 330.1 1.6 3.4

Capital investment 130.9 5.3 0.4 206.1 5.8 4.612011 constant prices & exchange rates; 22011 real growth adjusted for inflation (%); 32011-2021 annualised real growth adjusted for inflation (%); 4'000 jobs

US$bn 1 US$bn 1

Direct contribution to GDP 629.3 2.9 5.5 923.9 3.1 3.9


Direct contribution to employment 4 15,811 3.8 3.1 19,239 4.0 2.0Total contribution to employment 4 40,738 9.8 2.8 49,149 10.2 1.9

Visitor exports 267.6 7.3 5.9 412.7 5.5 4.3

Domestic spending 1,027.2 4.7 4.6 1,496.2 5.0 3.8

Leisure spending 1,010.4 4.6 3.9 1,499.5 5.0 4.0

Business spending 306.9 1.4 7.8 440.4 1.5 3.6

Capital investment 207.7 5.4 3.1 340.2 5.9 5.012011 constant prices & exchange rates; 22011 real growth adjusted for inflation (%); 32011-2021 annualised real growth adjusted for inflation (%); 4'000 jobs

WORLDWIDE US$bn 1 US$bn 1

Direct contribution to GDP 1,850 2.8 4.5 2,861 2.9 4.2


Direct contribution to employment 4 99,048 3.4 3.0 120,427 3.6 2.0

Total contribution to employment 4 258,592 8.8 3.2 323,826 9.7 2.3

Visitor exports 1,163 5.7 5.5 1,789 4.7 4.3

Domestic spending 2,637 4.0 3.8 4,128 4.3 4.3

Leisure spending 2,963 4.5 3.8 4,604 4.7 4.3

Business spending 899 1.4 6.1 1,402 1.5 4.3

Capital investment 651 4.5 4.6 1,124 4.6 5.412011 constant prices & exchange rates; 22011 real growth adjusted for inflation (%); 32011-2021 annualised real growth adjusted for inflation (%); 4'000 jobs

SUMMARY TABLES

Growth 3

% of total

% of total

Growth 2 Growth 3

Growth 3

2011% of total

2021

Growth 22021

UNITED STATES

2021% of totalGrowth 2% of total

AMERICAS

2011% of total

12



UNITED STATES(US$bn, nominal prices) 2005 2006 2007 2008 2009 2010 2011E 2021F

1. Visitor exports 123.0 129.0 145.2 166.4 147.6 159.9 171.2 301.3

2. Domestic expenditure 608.5 657.8 680.8 686.6 637.0 673.2 714.6 1,279.0

3. Internal tourism consumption 744.1 800.1 840.3 868.4 800.3 849.4 902.5 1,607.8

(= 1 + 2 + government individual spending)

4. Purchases by tourism providers, -402.1 -445.8 -467.6 -496.9 -447.9 -472.8 -498.6 -894.7

including imported goods (supply chain)

5. Direct contribution of Travel & Tourism to GDP

(= 3 + 4) 342.0 354.3 372.7 371.5 352.4 376.7 404.0 713.1

Other final impacts (indirect & induced)

6. Domestic supply chain 330.3 358.6 376.3 408.4 387.3 414.1 444.2 784.9

7. Capital investment 120.8 135.3 154.8 163.1 139.8 128.7 130.9 257.7

8. Government collective spending 86.8 92.3 98.3 106.1 108.0 112.2 115.1 189.0

1.9 7.3 0.2 -14.6 -10.0 -26.0 -40.8 -119.0

10. Induced 250.8 268.0 283.0 289.9 283.2 285.8 296.3 481.2

(= 5 + 6 + 7 + 8 + 9 + 10)

Employment impacts ('000)

5,876.0 5,963.0 6,018.0 5,837.0 5,233.5 5,306.9 5,491.6 6,390.7

Other indicators

14. Expenditure on outbound travel 99.5 104.4 109.9 117.9 105.2 108.0 112.8 184.7

49,206 50,977 55,979 57,937 54,884 61,174 62,823 79,323

Historical data for concepts has been benchmarked to match reported TSA data where available.

THE ECONOMIC CONTRIBUTION OF

*Concepts shown in this table align with the standard table totals as described in the 2008 Tourism Satellite Account: Recommended Methodological Framework (TSA: RMF 2008) developed by the United Nations Statistical Division (UNSD), the Statistical Officeof the European Communities (EUROSTAT), the Organisation for Economic Co-operation and Development (OECD) and the WorldTourism Organization (UNWTO).

14,851.8 14,520.6 14,777.6 17,453.515,205.1 15,741.9 15,982.9 16,099.8

1,132.6 1,215.7 1,285.3 1,324.4

15. International tourist (overnightvisitor) arrivals ('000)

TRAVEL & TOURISM

13. Total contribution of Travel &Tourism to employment

11. Total contribution of Travel &Tourism to GDP

9. Imported goods from indirectspending

12. Direct contribution of Travel &Tourism to employment

1,260.7 1,291.4 1,349.6 2,307.0

13



UNITED STATESGROWTH 1 (%) 2005 2006 2007 2008 2009 2010 2011E 2021F 2

1. Visitor exports 5.4 1.5 9.4 12.1 -12.1 7.3 5.7 3.5

2. Domestic expenditure 4.8 4.7 0.5 -1.3 -8.1 4.7 4.8 3.7

3. Internal tourism consumption 4.9 4.1 2.0 1.1 -8.7 5.1 4.9 3.6

(= 1 + 2 + government individual spending)

4. Purchases by tourism providers, 13.4 7.4 1.9 4.0 -10.7 4.5 4.1 3.7

including imported goods (supply chain)

5. Travel & Tourism's direct contribution to GDP

(= 3 + 4) -3.6 0.3 2.2 -2.5 -6.0 5.9 5.9 3.5

Other final impacts (indirect & induced)

6. Domestic supply chain 7.2 5.1 1.9 6.2 -6.0 5.9 5.9 3.5

7. Capital investment 6.3 8.4 11.1 3.1 -15.0 -8.9 0.4 4.6

8. Government collective spending 3.4 3.0 3.4 5.7 0.8 2.9 1.3 2.8

-113.1 268.1 -96.7 -5857.4 -31.9 157.0 54.8 8.8

10. Induced 3.4 3.5 2.6 0.2 -3.2 -0.1 2.3 2.6

(= 5 + 6 + 7 + 8 + 9 + 10)

Employment impacts

2.0 1.5 0.9 -3.0 -10.3 1.4 3.5 1.5

Other indicators

14. Expenditure on outbound travel 2.0 1.7 2.2 5.0 -11.6 1.7 3.0 2.7

6.8 3.6 9.8 3.5 -5.3 11.5 2.7 2.4

3.9

0.7

0.8

9. Imported goods from indirectspending

12. Direct contribution of Travel &Tourism to employment

2.7

-7.8 -2.2 1.8 1.74.7 3.5

12005-2011 real annual growth adjusted for inflation (%); 22011-2021 annualised real growth adjusted for inflation (%)

13. Total contribution of Travel &Tourism to employment 1.5

15. International tourist (overnightvisitor) arrivals

TRAVEL & TOURISMTHE ECONOMIC CONTRIBUTION OF

11. Total contribution of Travel &Tourism to GDP

-5.7 1.4 3.2 3.24.1

14



K Y D F T sTravel & Tourism – h y h w h

h y . y h w h

h h.

Direct contribution to GDP – GDp by h y w h ,

h , , h , w h

h y w h . q T & T

( b w) w h y h h by h ( ). h ’ T s h y

w h GDp b 6 hTs : F 008.

Direct contribution to employment – h b j b w h h T & T y. Th w h y b 7 h Ts : F 008.

Total contribution to GDP – GDp yby h T & T y

( b w).

Total contribution to employment – h b j b y h T & T

y h b( b w).

D T sp D G p TsVisitor exports – w h h y by

b h b , . Th w h

b b h Ts :

F 008.Domestic Travel & Tourism spending – w h y by h y’ b hb . - b

h y h y . Th w h b h Ts : F 008.

b by b h , b y h Ts :F 008 ( b w).

Government individual spending – - k wh h

b b y . Th y b

, , y b . F , k .

Internal tourism consumption – w h y by h

y w h , . Th

b by . Th w h

b 4 h Ts : F 008.

Business Travel & Tourism spending – b w h y by

.

Leisure Travel & Tourism spending – w h y by

.

D T D D D p Ts Indirect contribution – h b GDp

j b h w h :

• – by y h T

& T y. Th by h

h w q , w . Th

w h b 8 h Ts : F 008.

• G – y. Th

w . F , , , h b . Th

w h b 9 Ts : F 008.

• s y- h f – h y by f h T &

T y h .

Induced contribution – h b b GDp y by h wh

y y y by T & T .

TH D T sOutbound expenditure – h

y by b . Th y

w h b b h Ts : F 008.

Foreign visitor arrivals – h b , - y h

( ) h y.

GLOSSARY

15



Th W T & T h b h T& T y.

W h h h h h 00 T & T b ,WTT h q w T & T .

WTT w k w T & T h w ’ , 60 j b 9% b GDp 0 .

T h w h h , , WTT h b – w h wh q – q y, h

T & T 8 h w . b h W

h h h b . T w - , h h , www.wttc.org

WTT y , b h k , .

h 0 y h b y b 00 w w , , , b k , b h

b . H q , , w h , B , p ,h , s , ph h , w Y k s F , y 70

- , h h y q , wh k w h w k w w .

F k w b , www. . , J h G , , bb y H , s , , X HB, K.

T : +44 (0) 865 68900; : j @ .

16



For more informationplease contact:

Olivia Ruggles-Brise Director, Policy & [email protected]

Eva Aimable

Manager, Policy & [email protected]

© 2011 World Travel & Tourism Council



1-2 Queen ictoria Terrace

sovereign ourtondon 1W 3H , K

Tel: +44 (0) 0 748 8007Fax: +44 (0) 0 7488 008mail: q @w .

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