Record Travel Industry Growth Continues

Jul 19, 2015

What:
The U.S. Labor and Commerce Departments report that the travel industry continues to grow, with thousands of travel-related jobs added so far this summer. Travel employment has reached a record high, with May seeing 32,500 new jobs — the highest monthly increase in nearly three years — and a continued positive trend in June.

Why It Matters:
It’s a great time to be in business. The boost in employment comes on the heels of months of steady positive growth, which has allowed the travel sector to outpace the nation’s economy by 33 percent since employment recovery began in 2010.

For agents and suppliers alike, this is good news: If the pattern continues, it could pave the way for industry professionals to explore new opportunities and dive into underexposed niches. (Think: more experiences tailored to wellness or adventure travel.

Fast Facts:
-In the first half of 2015, 48,600 travel-related jobs were added to the industry.

-Last year, continued growth in the travel sector added nearly 1.1 million jobs and contributed $180 billion to the nation’s economy.

What They Are Saying:
“Employment in the travel industry is on a roll,” said David Huether, senior vice president of research and economics for U.S. Travel Association. “These numbers show just how strong a contributor the travel industry is to the U.S. economy. In order to continue this consistent growth in the travel sector — and the overall economy — it is essential that our political leaders look to policies that are pro-competition, pro-growth and pro-traveler, and to actions that welcome more international visitors to our shores.”