A Way Forward for Usa Travel & Tourism
London & New York – 3 October 2006 - Less than 6 months after WTTC’s Global Travel & Tourism Summit held in Washington DC where great debate was had on the need to open minds to the potential of the Travel & Tourism industry and its shifting geographical landscape, WTTC and its US Members are determined to call on US Government to recognize the state of the industry. Over the past 15 years the US national economy has lost an average of US$20 billion a year due to the declining status. According to Travel Industry Association of America calculations, an investment in growth could generate an estimated 8.1 million extra foreign visitors, representing an additional US$13.4 billion contribution to GDP and 153,000 more jobs for every one per cent of world market share regained. While WTTC was glad to see the support of four US Cabinet Secretaries and one Special Ambassador at the Summit in Washington DC in April at the Summit in Washington DC in April and felt that this was a ve...