The value of the U.S. travel and tourism industry grew by 4.2 percent in 2018, driven by increases in domestic ticket sales, gasoline and lodging, but direct and indirect employment in the sector only increased by 1.5 percent that same year, according to official figures.
The Department of Commerce’s Bureau of Economic Analysis (BEA) released Thursday a report with the latest travel and tourism statistics that measure the real value of goods and services sold to tourists.
The total value of the sector was 1.87 trillions in English, equivalent to 1.87 trillion in Spanish, an increase of 7.1% over 2017.
Of that large sum, 1.09 trillions, or 1.9 trillion dollars in Spanish, is the product of the sector itself and 781.5 billion dollars in Spanish is that of the related industry.
By 2017, the sector had grown by 2.3%, the report says.
The prices of goods and services in the travel and tourism sector increased by 2.9% in 2018, mainly due to increases in fuel and airfares, both domestic and international.
Direct and indirect jobs in the U.S. tourism sector were 9.2 million in 2018, 200,000 more or 1.5% more than in 2017.
Of the total, 5.9 million jobs were direct and 3.3 million indirect.
BEA said it is estimated that for every 100 direct jobs in the travel and tourism sector, 55 are required to support the industry.