Faces of Travel: Portland Oregon Travel Industry Update
Many of us are likely familiar with the frequently touted (and research-proven) positive effects of travel. As a result of travel you can experience positive effect on your work performance, relationships and personal well-being. But, with all the recent national conversation about creating and keeping good American jobs, how much thought do we give to travel or the travel industry’s economic power in our lives?
Travel is a Top 10 Employer in 49 states and DC.
Consequently, the Travel Industry deserves our attention. The industry played a major role in America’s economic recovery post-recession. Now, travel is our country’s number one service export, accounting for 11.2 percent of all U.S. exports in 2016.
The U.S. travel industry has recovered far faster than other economic sectors since 2008.
-According to the Bureau of Labor Statistics. Spending by travelers everywhere in the U.S., which currently totals over $947 billion annually, supports 15.3 million American jobs. In effect, that’s one in nine Americans whose employment depends upon travelers moving to and within the U.S. and around the world.
In Portland, Oregon alone…
- Spending of $3.4 Billion
- Employment of 23,681Jobs
- Payroll $647.7 Million
In all of Oregon…
- Spending of $11 Billion
- Tax Receipts $1.5 Billion
- Employment of 88,540 Jobs
Our industry is one that relies on human interaction…
In the long run, whether it’s the front desk clerk at a hotel, the tour guide in a historic district, or the ticketing agent at an airport our interactions are so important. Our people are what make America a great place to visit, and keep our industry strong.