U.S. Business Travel Industry Responsible for 2% of U.S. GDP and 3.5% of Employment in Latest Full-Year Figures
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The U.S. business travel industry contributed 2% to the U.S. GDP and 3.5% to employment in 2022. The industry spent $421.1 billion USD on business travel, resulting in $119 billion in tax receipts. It supported 6 million jobs, with 38% in food services, 19% in accommodations, and 11% in transportation and warehousing. For every dollar spent on business travel, $1.15 was returned to the U.S. economy as net-new GDP. The average age of U.S. business travelers is 44.3 years. The top 15 states for business travel destination spending accounted for 65% of total U.S. business travel expenditures, with New York and New Jersey leading. The U.S. is expected to be a top market for business travel spending in 2024, with global business travel spending anticipated to surpass $1.5 trillion in the same year.
#BusinessTravel #UsEconomy #Gdp #Employment #TaxRevenue
https://finance.yahoo.com/news/u-business-travel-industry-responsible-113000618.html
Yahoo Finance /
npub1j0e…3yhd
2024-06-05 14:18:58
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-06-05 14:18:58Event JSON
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"content": "U.S. Business Travel Industry Responsible for 2% of U.S. GDP and 3.5% of Employment in Latest Full-Year Figures\n==========\n\nThe U.S. business travel industry contributed 2% to the U.S. GDP and 3.5% to employment in 2022. The industry spent $421.1 billion USD on business travel, resulting in $119 billion in tax receipts. It supported 6 million jobs, with 38% in food services, 19% in accommodations, and 11% in transportation and warehousing. For every dollar spent on business travel, $1.15 was returned to the U.S. economy as net-new GDP. The average age of U.S. business travelers is 44.3 years. The top 15 states for business travel destination spending accounted for 65% of total U.S. business travel expenditures, with New York and New Jersey leading. The U.S. is expected to be a top market for business travel spending in 2024, with global business travel spending anticipated to surpass $1.5 trillion in the same year.\n\n#BusinessTravel #UsEconomy #Gdp #Employment #TaxRevenue\n\nhttps://finance.yahoo.com/news/u-business-travel-industry-responsible-113000618.html",
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