25 States With Highest Tourism Revenue in the US

Report: 25 States with Highest Tourism Revenue in the US

The US travel and tourism industry is a significant contributor to the country’s economy, generating $1.9 trillion in economic output and providing 9.5 million American jobs. This industry plays a vital role in achieving the Sustainable Development Goals (SDGs) by contributing to economic growth, job creation, and sustainable development.

Overview of the US Tourism Industry

According to the International Trade Administration, overseas tourists contributed $233.5 billion to the US economy in 2019. The US is a popular destination for international travelers, as they spend more in the country compared to other nations, accounting for 14.5% of the total global expenditure on international travel.

In 2020, the US travel expenditures declined by 42% due to the COVID-19 pandemic. However, as of April 2022, there has been a recovery, with US travel spending increasing to $100 billion. This recovery is primarily driven by leisure travel, while business travel remains complex due to the convenience of remote meetings.

Major players in the tourism industry, such as Airbnb, The Walt Disney Company, and Booking Holdings Inc., contribute significantly to the US tourism sector’s growth and development.

Airbnb, Inc. (NASDAQ: ABNB)

Airbnb aims to offer budget-friendly accommodation options and focuses on travelers who want a more localized experience. In 2022, Airbnb hosts in the US facilitated over 44 million guest arrivals in regions without hotels, resulting in host earnings of $10.5 billion and additional economic activity.

The Walt Disney Company (NYSE: DIS)

The Walt Disney Company has a significant impact on the tourism industry, particularly in Florida. In 2022, it generated a total statewide economic impact of $40.3 billion and created 263,000 direct and indirect jobs. The company also engaged 2,500 small businesses based in Florida, contributing to the state’s economic growth.

Booking Holdings Inc. (NASDAQ: BKNG)

Booking Holdings Inc. is a key provider of online travel and related services, offering facilities like flight ticketing, accommodation reservation, rental car booking, and price comparison. In 2022, the company reported a revenue of $17.1 billion, reflecting an increase of $6 billion from the previous year. It facilitated the booking of over 60 million rental car days and 20 million flight tickets.

States with Highest Tourism Revenue in the US

1. Indiana

   • Market share: 0.7%
   • Visitation figures 2022: 168,000

   Indiana is known for hosting the Indianapolis 500 and offers a cost of living that is 10% below the national average.

2. Wisconsin

   • Market share: 0.7%
   • Visitation figures 2022: 175,000

   Wisconsin is famous for its dairy industry and attractions like Devil’s Lake and Wisconsin Dells.

3. Connecticut

   • Market share: 0.9%
   • Visitation figures 2022: 225,000

   Connecticut’s major attractions include museums, art galleries, and places like Yale University Art Gallery and Mystic Aquarium.

4. Michigan

   • Market share: 1.1%
   • Visitation figures 2022: 261,000

   Michigan offers breathtaking landscapes and outdoor activities like rafting in the Menominee River and Tahquamenon Falls State Park.

5. Ohio

   • Market share: 1.1%
   • Visitation figures 2022: 273,000

   Ohio’s tourism sector recorded $53 billion in revenue from tourists in 2022, with popular attractions like Cedar Point and Hocking Hills.

These are just a few examples of the 25 states with the highest tourism revenue in the US. Each state offers unique attractions and experiences for tourists, contributing to the overall growth and development of the US tourism industry.

By focusing on sustainable tourism practices and promoting responsible travel, the US can further enhance its tourism industry while contributing to the achievement of the SDGs.

Sources:

• 5 States With Highest Tourism Revenue in the US
• International Trade Administration

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