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World Tourism Day: September 27, 2019

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According to the United Nations World Tourism Organization, the purpose of World Tourism Day is to “foster awareness among the international community of the importance of tourism and its social, cultural, political and economic value.”

“The timing of World Tourism Day is particularly appropriate in that it comes at the end of the high season in the northern hemisphere and the beginning of the season in the southern hemisphere.”

“Over the past six decades, tourism has experienced continued expansion and diversification, and it has become one of the fastest growing and most important economic sectors in the world, benefiting destinations and communities worldwide. International tourist arrivals worldwide have grown from 25 million in 1950 to nearly 1.3 billion today Similarly, international tourism revenues earned by destinations around the world have grown from 2 billion US dollars in 1950 to 1260 trillion in 2015. The sector represents an estimated 10% of the world’s GDP and 1 in 10 jobs globally.”

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Key Stats:

According to our Random Samplings Blog Measuring the Impact of Tourism to Local Areas (May 2017) “…tourism plays a significant role in the success of certain types of businesses across various areas of the country.” The blog shared links to the four travel-related infographics shown below.

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Note: The U.S. Census Bureau will release stats from the 2017 Economic Census beginning in September 2019 through 2021.

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More Stats:

Source: Quarterly Services Survey.

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