The World Travel & Tourism Council (WTTC) launched its Cities Economic Impact Report sponsored by Visa and researched in partnership with Oxford Economics on Thursday, revealing the U.S. locations that performed the largest position in the home journey trade’s restoration in 2022.
Primarily based on the analysis, Orlando was the largest U.S. Travel and Tourism metropolis vacation spot in 2022 with an financial contribution of over $31 billion, which represents 20 % of the metropolis’s whole GDP and marks a restoration above pre-pandemic 2019 ranges by a whopping $2.7 billion.
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One other mecca for leisure, Las Vegas ranks as the nation’s second largest Travel and Tourism market with a direct GDP contribution of $23 billion final yr, surpassing the 2019 baseline by 5.3 %.
Elsewhere in Florida, Miami additionally stood out, recording a GDP comeback final yr of $11.1 billion that exceeded pre-pandemic Travel and Tourism contributions by as a lot as 5 % regardless of a big 56 % drop in financial contribution from the sector in the pandemic-plagued 2020.
New York City and Los Angeles additionally excelled in 2022 with Travel and Tourism GDPs checking in at $21.1 billion and $11 billion, respectively.
The examine additionally discovered that the pandemic and associated worldwide journey restrictions led to much more home journey lately. In 2019, home vacationers made up an 84.6 % share of Travel and Tourism spending in the U.S. in comparison with greater than 95 % in 2021.
“It was a fightback yr for cities throughout the nation in 2022. Destinations like Orlando, Miami, Chicago and Las Vegas are again stronger than ever earlier than due to the rest of pandemic restrictions and a robust rebound of client confidence,” WTTC President and CEO Julia Simpson stated in a press release.
“Different widespread vacation locations like San Francisco, Honolulu and Washington D.C. are following swimsuit with rising sector GDP contributions which might be properly on their strategy to recovering from peak pandemic lows as they construct up their trade workforce and domesticate a flourishing base of worldwide vacationers.”
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