People’s love of travel helps make it one of the nation’s biggest job creators, according to a study released today by the U.S. Travel Association (USTA).
The study , which analyzed data from the U.S. Bureau of Labor Statistics, found that the number of travel jobs rose 17 percent from 2010 to 2016 vs. a 13 percent increase for the rest of the private employment sector.
USTA CEO Roger Dow said the travel industry often is an “under-appreciated” economic booster.
Last year, the economic output generated by U.S. and international visitors totaled $990.3 billion in direct spending and $1.3 trillion in indirect spending, according to USTA data. The tourism industry generated $157.8 billion in federal, state and local revenue.
Growth in travel is fueling such spending. This year, the number of global outbound trips is forecast to grow between 4 percent to 5 percent, driving by travel to Asia and the United States, according to the ITB World Travel Trends Report 2016/17.
The travel industry directly supports 8.6 million jobs plus 6.7 million jobs in other industries, according to the USTA. Dow noted that travel is a “good” jobs with career advancement opportunities.
Here are some other highlights of the new USTA study:
- People whose first job was in a travel-related industry reach an average career salary of $81,900 — significantly higher than those whose first job was in nearly any other U.S. industry.
- Nearly 40 percent of workers who started their career in travel reached an annual career salary of over $100,000.
- The travel industry is a better career starter for people with less education: Workers with a high school degree or less whose first jobs was in travel reached an average career salary of $69,500, 5 percent higher than the average salary of those who started out in other industries.