Up Up and Away

BROUGHT TO YOU BY EASYFINANCE.COM UP UP AND AWAY Now THE USA IS THE SECOND MOST VISITED COUNTRY (AFTER FRANCE). BUT DURING GEORGE BUSH'S SECOND TERM AMERICA WAS SEVENTH ON THE LIST OF MOST ADMIRED COUNTRIES. NEVERTHELESS, THE NUMBER OF FOREIGN VISITORS TO AMERICA DROPPED BY 2 MILLION, To 24 MILLION. ONE OF THE ROOT CAUSES ARE THE POST-9/11 HARSH SECURITY MEASURES. BRAND USA, A NEW TRAVEL-PROMOTION OFFICE HAS RECENTLY LAUNCHED USA's FIRST EVER CAMPAIGN TO ATTRACT FOREIGN VISITORS. DOES AMERICA NEED MARKETING? U.S. TRAVEL INDUSTRY GENERATED $1.9 TRILLION IN 2011, WITH $813 BILLION SPENT DIRECTLY BY DOMESTIC AND INTERNATIONAL TRAVELERS THAT SPURRED AN ADDITIONAL $1.1 TRILLION IN OTHER INDUSTRIES. $813 BILLION $1.1 TRILLION TRAVEL IS AMONG THE TOP 10 INDUSTRIES ÎN 48 STATES AND D.C. IN TERMS OF EMPLOYMENT. IT DIRECTLY GENERATED $124 BILLION IN TAX REVENUE FOR LOCAL, STATE AND FEDERAL GOVERNMENTS. WITHOUT THE TAX REV- ENUE GENERATED BY THE TRAVEL AND TOURISM INDUSTRY, EACH HOUSE- HOLD IN THE U.S. WOULD HAVE TO PAY ABOUT $1,055 MORE IN TAXES. TRAVEL AND TOURISM IS ALSO ONE OF THE LARGEST EMPLOYERS IN THE UNITED STATES. IT SUPPORTED 14.4 MILLION JOBS, AND 7.5 MILLION 6.9 MILLION DIRECTLY IN THE IN OTHER INDUSTRIES. TRAVEL INDUSTRY IT ALSO GENERATED S194.6 BILLION IN PAYROLL FOR WORKERS EMPLOYED IN THE TRAVEL INDUSTRY. SOURCES OF TRAVEL SPENDING: $192 BILLION FOOD SERVICES PUBLIC $156.1 BILLION TRANSPORTATION LODGING $147.6 BILLION AUTO $147.2 BILLION TRANSPORTATION RECREATION /AMUSEMENT $85.4 BILLION RETAIL $84.7 BILLION LEISURE TRAVEL DIRECT SPENDING ON LEISURE TRAVEL BY U.S. AND INTERNATIONAL TRAVELERS TOTALED $564 BILLION IN 2011, GENERATING $85.9 BILLION TAX REVENUE. 3 OUT OF 4 DOMESTIC TRIPS ARE TAKEN FOR LEISURE PURPOSES. TOP LEISURE TRAVEL ACTIVITIES FOR U.S. DOMESTIC TRAVELERS ARE: VISITING RELATIVES, SHOPPING, VISITING FRIENDS, FINE DINING AND BEACHES. BUSINESS TRAVEL In 2011, DIRECT SPENDING ON BUSINESS TRAVEL BY DOMESTIC AND INTERNATIONAL TRAVELERS, INCLUDING EXPENDITURES ON MEETINGS, EVENTS AND $249 BILLION. INCENTIVE PROGRAMS, TOTALED THE BUSINESS TRAVEL SPENDING GENERATED $38.2 BILLION. 36% In 2011, U.S. RESIDENTS MADE MEETINGS AND EVENTS 458 MILLION PERSON-TRIPS, WITH MORE THAN ONE-THIRD FOR MEETINGS AND EVENTS. 458 MILLION PERSON-TRIPS INTERNATIONAL TRAVEL $43 BILLION SURPLUS $192 BILLION AMERICANS SPENT $153 BILLION ON INTERNATIONAL TRAVEL AND TRAVEL SPENDING ABROAD AMOUNTED TO $110 BILLION, CREATING A TRADE SURPLUS OF $43 BILLION IN FAVOR OF THE U.S. In, 2011 THE U.S. RECORDED 62.3 MILLION INTERNATIONAL ARRIVALS. OF THOSE, AND 34.4 27.9 MILLION 45% 55% MILLION WERE WERE FROM FROM CANADA OVERSEAS AND MEXICO. MARKETS $4,300 EACH OVERSEAS TRAVELER SPENDS APPROXIMATELY $4,300 WHEN VISITING THE U.S. AND STAY ON AVERAGE MORE THAN 17 NIGHTS. TOP LEISURE TRAVEL ACTIVITIES FOR OVERSEAS VISITORS ARE: SHOPPING, DINING, CITY SIGHTSEEING, VISITING HISTORICAL PLACES AND AMUSEMENT / THEME PARKS. DIRECT SPENDING BY RESIDENT AND INTERNATIONAL TRAVELERS IN THE U.S. AVERAGED $2.2 BILLION $92.8 MILLION A DAY, AN HOUR, $1.5 MILLION A MINUTE AND $25,778 A SECOND. DOMESTIC AND INTERNATIONAL TRAVEL, FOR BUSINESS AND NON-BUSINESS PURPOSES, NO MATTER WHERE, NO MATTER WHEN – SO EASY. HowEVER, BEFORE PACKING YOUR BAGS AND SETTING OUT ON A JOURNEY, MAKE SURE YOU CAN AFFORD IT. THE END BROUGHT TO YOU BY EasyFinance.com Guide to Consumer Financial Products SOURCES: HTTP://www.USTRAVEL.ORG/MARKETING/N. ONAL-TRAVEL-AND- TOURISM-WEEK/TALKING-POINTS-AND-FACTS HTTP://www.USTRAVEL.ORG/SITES/DEFAULT/FILES/PAGE/2009/09/USTRAVELANSWERSHEET JUNE2012.PDF HTTP://www.TRAVELAGENTCENTRAL.COM/TRENDS-RESEARCH/TRAVEL-AND- TOURISM-WEEK-WINS-RECORD-BREAKING-SUPPORT-35106 © 2012 EasyFinance.com %24