In a time when American labor is being outsourced to cheaper markets such as China and India, it is good to know that one of Americas largest industries does not outsource their jobs, and that it is one of the largest industries where money comes from both foreign and domestic sources. The industry that I am speaking about is travel.
Travel contains a range of activities that stimulate spending, such as dining, sightseeing, accommodations, transportation, and entertainment. It is no wonder than that according to the Travel Industry Association (TIA), that travel is a $1.3 trillion industry which generates over $105 billion in tax revenue for local, state, and federal governments, let alone the countless billions of dollars it creates for local businesses. Similarly, the travel industry accounts for 17 million domestic jobs, making it the third largest employer in the private sector. It is important to remember that these jobs will remain in the domestic market as the goods and services produced by the travel industry do not leave the country.
If we look past the obvious economic benefits, we will see that travel also has a huge range of other benefits. Travel creates a culture of goodwill, sharing, understanding, and open-mindedness. It is one of the only industries that can be used to promote diplomacy and foreign relations. Additionally, cultures and customs are passed on in such a way that the traveler leaves with a greater understanding for the culture as well as memories that will last a lifetime.