2014-01-08 01:22:01 - Travel and Tourism in the US to 2017 - a new market research report on companiesandmarkets.com
The global economic downturn led to a deceleration in growth in the US travel and tourism sector in 2009, with a 3.30% decline in domestic tourist volumes and a 5.27% decline in inbound tourist volumes. However, economic recovery in 2010 resulted in a return to growth in both markets, enabling the sector to register positive growth during the review period. Stable economic growth, increasing business activities, increased government expenditure on tourism and initiatives to promote tourism will be the key growth drivers over the forecast period.
According to the United Nations World Tourism Organization (UNWTO, the US received the second-highest volume of inbound tourist arrivals in the world in 2012, with 66.6 million inbound tourist arrivals in the country. In
addition to that, the US was the number one destination in terms of tourist expenditure, which amounted to US$160.29 billion in 2012.
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