Travel has a strong economic impact on the nation’s economy. It generates $2.0 trillion in economic output, ranks among the top ten private employers in the country, supports 14.6 million American jobs and contributes more than $129 billion in tax revenues.
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Effects on You
Forget that image of the sulky teen dragged through family vacation. A new study finds that nearly all kids value family travel as quality time with parents and grandparents. That’s good news for adults of all ages since their own childhood travels are among their most vivid memories — experiences they’re eager to pass on.
Effects on Business
Earlier research on foreign markets has shown that business productivity grows in direct proportion to increased travel. Now new data from Oxford Economics indicates that U.S. companies that spend more on business travel enjoy greater productivity and profit, even through times of recession.