Tourism Economics

It is an honor to celebrate our president, Adam Sacks, as the Destinations International 2024 Spirit of Hospitality Award recipient. His 25+ years of providing expertise to destinations, associations and global businesses serves as the foundation of our team’s dedication to excellence for the industry. Click through for his comments and read more here:  https://lnkd.in/eYy73ejs #DIAC24

📣 We are thrilled to welcome a longtime travel industry leader as the newest member of our growing team—Chuck Davison, CDME. Joining as Vice President of Attribution Solutions, his extensive expertise in integrating emerging technologies with business strategy will serve as a valuable addition to our team, clients and partners. Welcome, Chuck! https://lnkd.in/e3qiMyAE

Summer is in full swing and international travel growth is set to reach record-high volumes later this year. Helen McDermott and Dave Goodger detail current trends in all major regions around the globe in our latest webinar—including key demand-driving markets, shifts in market share and trends in volume vs. value. Access the full webinar here: https://lnkd.in/eWA_EBa4

We celebrate this testament of meaningful work for a great industry and look forward to honoring Adam's dedication, alongside Destinations International, at the Annual Convention! #DIAC24

Now well into the summer season, strong travel intentions, growth in outbound and continued recovery of inbound international travel are driving increased U.S. airport traffic. ⬅️ Flashback to the first five months of 2024: More than 360 million travelers passed through security checkpoints in U.S. airports January through May—including more than 10 million during Memorial Day weekend. Overseas inbound arrivals to the U.S. through May registered 14% below the same period in 2019, despite a 20% gain over the same period last year. Recovery has varied by region—the strongest rebound being from Central America with a 16% gain over the first five months of 2019. We continue to monitor changes here and across the global #traveleconomy. 💡 Learn more about our work: https://lnkd.in/d3uCPmX6

Last week, several team members gathered to connect and collaborate in both Philly and NYC—and the views weren't too shabby. Our dynamic, growing team at Tourism Economics and Oxford Economics enjoyed valuable time together as we look ahead to the second half of the year. 🚀

One in every 21 Wisconsinites makes a living thanks to travel and tourism—a testament to the industry's impact. Our friends at Travel Wisconsin had a record-breaking year in 2023, generating $25 billion in economic impact as they welcomed visitors across all corners of the state. Learn more: https://lnkd.in/ex_V64b3

✈️ Europe continues to see a lift in tourism with key source markets driving international overnight visits. Tourism Economics' Dave Goodger speaks to the recent growth trends and risks, highlighting that as "visitors want to return to tourism hotspots... we’re starting to talk again about ‘over-tourism’." Read more in Travel Weekly: https://lnkd.in/ee7-3SfP

One of the many reasons I'm grateful for Zeek Coleman. With permission, below is what he shared with the Tourism Economics team today. -------------------------------------------------------------------- Hi Team,   Adam asked me to consider sharing a paragraph or two on the significance of this holiday, to ensure it’s more than just a day off. I will gladly do that, but first…   Fun Fact: TE recently did an analysis on the economic impact of the National Juneteenth Museum. So far, our data has helped them raise $35 million dollars from the largest brands in the world. Check out the video on their site. It is such a privilege to say we helped with this. https://lnkd.in/e5Nxmdde   Some Thoughts:  Juneteenth, celebrated on June 19th, marks the day in 1865 when enslaved African Americans in Galveston, Texas, learned of their freedom, over two years after the Emancipation Proclamation was issued (can you imagine?!). This day represents the fulfillment of a long-delayed promise and the end of a deeply painful chapter in American history. Slavery, as a form of human trafficking, tore families apart and inflicted immense suffering on countless men, women, and children.   The significance of Juneteenth extends beyond its historical context. It is a testament to the strength and determination of those who fought against oppression and a reminder that without Americans banding together to end slavery, our country could not have progressed toward its ideals of freedom and equality. Although slavery has been abolished, the fight against human trafficking and inequality continues. Juneteenth encourages all Americans to unite against oppression and strive for a just society, honoring the resilience of those who endured such hardships and reinforcing what makes our country great: the unwavering pursuit of liberty and justice for all.   Happy Juneteenth y’all! Zeek Coleman Vice President, Americas Tourism Economics

A recent #economicimpact study prepared for Destination Toronto highlights the effects of the city's 26.5 million yearly visitors: 📌 $8.4 billion spent at thousands of businesses 📌 $12.6 billion generated in economic impact 📌 67,000 jobs supported 📌 $2.1 billion generated in tax revenue to support public services Learn more: https://lnkd.in/gRJCdSJt *Conducted in collaboration with Greater Toronto Hotel Association, City of Toronto, Toronto Global, and Toronto Region Board of Trade *Graphics by Destination Toronto