Travel and Tourism - US - May 2015
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“At the beginning of the millennium, no one could have predicted the difficult years that lay ahead for the US tourism industry. Over the last 15 years the sector has been dented by well-documented events like 9/11, SARS [severe acute respiratory syndrome], swine flu and the media focus on global terrorism. The 2007/08 global financial crisis and the US recession (December 2007-June 2009) were also detrimental to the US tourism industry. The post-2010 recovery in the US’ international tourism industry has been impressive, and far outstrips the UNWTO Tourism Towards 2030 forecast for North America of 2% per annum from 2010-20.”
- Jessica Kelly, Senior Tourism Analyst
This report looks at the following areas:
The US is one of the biggest tourism destinations in the world, ranking second behind France in 2013, if measured by international arrivals, according to the United Nations World Tourism Organization (UNWTO). When it comes to international tourism receipts, the US is currently the clear leader. A big hitter with foreign and domestic visitors alike, the tourism market in the US is expected to be in excess of 1.4 billion tourists in 2015 and number more than 1.5 billion in 2018 (Mintel Market Sizes – US – Travel and Tourism – Market Size – 2013).
Despite these impressive statistics, the US tourism industry has lost some of its market share of long-haul arrivals over the last 15 years. This decline has been inextricably linked to a series of well-documented events (like 9/11 and the 2009 swine flu pandemic) – that could not have been predicted nor legislated against – and compounded by the global economic downturn and the country’s post-2008 economic woes.
A more stable economy and a concerted effort to attract international tourists – through the development of a national tourism body (Brand USA) and more co-operative tourism promotion – has helped reverse the fortunes of the US tourism industry: international arrivals and tourism exports have increased annually over the past three years and are expected to continue to do so through to 2023 and beyond.
This report will give you a complete 360-degree view of your market. Not only is it rooted in robust proprietary and high-quality third-party data, but our industry experts put that data into context and you’ll quickly understand:
What They Want. Why They Want It.
Who’s Winning. How To Stay Ahead.
Size, Segments, Shares And Forecasts: How It All Adds Up.
New Ideas. New Products. New Potential.
Where The White Space Is. How To Make It Yours.
What’s Shaping Demand – Today And Tomorrow.