Sunday, July 28, 2013
Tuesday, July 2, 2013
The international tourism market along with the Asian inbound tourism experiences a steep upsurge in the recent times as the fiscal value of dollar and the promotion of global tourism helps the Americans to plan their leisure and business trips comfortably. The Asian destinations including, China, India, Japan, South Korea, Indonesia and Australia are some of the most sought after destinations as per the recent reports of the US travel association. Moreover, states like New York, California are providing a lot of job opportunities related to the tourism industry. The headlines of the international tourism news is definitely serving a world of good for travel industry experts and research associates of global tour operators in the world.
The travel and tourism sector grew at an annualized rate of 6.8 percent in the first three months of 2013. In the same period, the U.S. economy grew at an annualized pace of 2.4 percent, according to the US department of commerce, Bureau of economic analysis. Not only is the U.S. travel and tourism industry growing more than three times as fast as the rest of the economy, it’s doing so despite a slowing in growth in prices. Moreover, the travel and tourism industry is also hiring people at a much faster rate than other sectors of the U.S. economy. Employment in this sector grew 2.3 percent in the first quarter of 2013, 0.4 percentage points faster than the pace at which the rest of the U.S. economy added jobs — 1.9 percent.
Passenger flights, which grew 19 percent in the first quarter of 2013, were the biggest contributor to the increased spending in the travel and tourism sector. Other transportation-related industries, like car rentals, also saw increased spending. However, growth in spending in restaurants, bars and hotels slowed down.
The rise in US tourism has also augmented a lot of local businesses in the Asian countries. Similarly, the travel trends and jobs related to the tourism industry are showing new lights of human resources and promote tourism worldwide. Recently, the state’s tourism industry is busy with job creation machine that cannot be outsourced or replaced by technology, said Caroline Beteta, CEO of Visit California, in response to an employment report that showed tourism led the state in new jobs.
“California’s travel and tourism industry is a leading economic engine for the state. As the industry continues to grow it’s no surprise that the largest component of the travel and tourism industry – leisure and hospitality – has recently added 9,000 new jobs, more than any other industry,” Beteta said, in a release.
Read the full article: