Is tourism a main industry?

The U.S. travel and tourism industry generated $1.9 trillion in economic output; supporting 9.5 million American jobs and accounted for 2.9% of U.S. GDP. At 14.5% of international travel spending globally, international travelers spend more in the United States than any other country.



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Tourism offers a wide range of benefits, including economic benefits for countries attracting many visitors, due to the money they spend not only on their actual stay, but also on local businesses. It also provides many jobs for people working in the transport and hospitality industry, among others.

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Tourism is classified as a tertiary industry, one that gives service for a fee. Physical products are produced, stored, later sold and still later consumed.

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Many tourism businesses are classified as hospitality businesses as they must also have meaningful relationships, but they are more focused on traveling activities that may include heavy planning and marketing.

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Travel and tourism GDP is predicted to grow, on average, at 5.8 percent a year between 2022 and 2032, outpacing the growth of the overall economy at an expected 2.7 percent a year. 5. So, is it all systems go for travel and tourism? Not really. The industry continues to face a prolonged and widespread labor shortage.

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The business of providing services such as transport, places to stay, or entertainment for people who are on holiday. Tourism industry consists of businesses that complement each other but show different characteristics.

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Biggest Industries by Revenue in the US in 2023
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  • Gasoline & Petroleum Wholesaling in the US.


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Tourism is one of the world's largest industries, contributing trillions of dollars to the global economy and supporting the livelihoods of an estimated one in ten people worldwide.

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As the industry entered the recovery period of the COVID–19 pandemic, travel and tourism's share of GDP increased from 1.54 percent in 2020 to 2.15 percent in 2021 (table A). The travel and tourism industry's real output increased $362.0 billion in 2021 but has not fully recovered from the pandemic.

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The U.S. travel and tourism industry generated $1.9 trillion in economic output; supporting 9.5 million American jobs and accounted for 2.9% of U.S. GDP.

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Longer-term forecasts also point to optimism for the decade ahead. Travel and tourism GDP is predicted to grow, on average, at 5.8 percent a year between 2022 and 2032, outpacing the growth of the overall economy at an expected 2.7 percent a year. 5.

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Since the 1950s tourism has become more and more popular. This is due to a number of reasons: advances in technology meaning that travel is now easier, quicker and more affordable. the growth of the internet means it is easier than ever before to book holidays.

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In its broadest sense, the tourism industry is the total of all businesses that directly provide goods or services to facilitate business, pleasure and leisure activities away from the home environment.

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