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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 most important position within the home journey trade’s restoration in 2022.
Based mostly on the analysis, Orlando was the most important U.S. Journey and Tourism metropolis vacation spot in 2022 with an financial contribution of over $31 billion, which represents 20 % of town’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 because the nation’s second largest Journey and Tourism market with a direct GDP contribution of $23 billion final 12 months, surpassing the 2019 baseline by 5.3 %.
Elsewhere in Florida, Miami additionally stood out, recording a GDP comeback final 12 months of $11.1 billion that exceeded pre-pandemic Journey and Tourism contributions by as a lot as 5 % regardless of a major 56 % drop in financial contribution from the sector within the pandemic-plagued 2020.
New York Metropolis and Los Angeles additionally excelled in 2022 with Journey and Tourism GDPs checking in at $21.1 billion and $11 billion, respectively.
The research additionally discovered that the pandemic and associated worldwide journey restrictions led to way more home journey in recent times. In 2019, home vacationers made up an 84.6 % share of Journey and Tourism spending within the U.S. in comparison with greater than 95 % in 2021.
“It was a fightback 12 months for cities throughout the nation in 2022. Locations like Orlando, Miami, Chicago and Las Vegas are again stronger than ever earlier than because of the relief of pandemic restrictions and a powerful rebound of shopper confidence,” WTTC President and CEO Julia Simpson stated in an announcement.
“Different common vacation locations like San Francisco, Honolulu and Washington D.C. are following go well with with rising sector GDP contributions which might be effectively on their option 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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