Luxury Coach & Transportation

August 2018

Magazine for the professional limousine, charter and tour industry.

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16 LUXURY COACH & TRANSPORTATION AUGUST 2018 WWW.LCTMAG.COM Stats, facts, faces, and products from the chauffeured and motorcoach transportation industries. LuxuryTransportationScene 8.18 BY THE NUMBERS FOR MORE NEWS GO TO LCTMAG.COM AND FIND LATE BREAKING E-NEWS AND INDUSTRY BLOGS. Travel to and within the U.S. grew 3.6% year-over-year in April 2018, according to the U.S. Travel Association's latest Travel Trends Index (TTI) — marking the industry's 100th straight month of overall expansion. 83%: Percentage of travel companies considered small businesses (2015) Travel is among the top 10 industries in 49 states and D.C. in terms of employment. Growing Business, Leisure Travel Sectors Offer Big Opportunities For Operators Direct spending on business travel by domestic and international travelers, including expenditures on meetings, events, and incentive programs (ME&I), totaled $317.2 billion in 2017. BUSINESS TRAVEL LEISURE TRAVEL ME&I travel accounted for $131.8 billion of all business travel spending. U.S. residents logged 463.9 million person‑trips* for business purposes in 2017 Source: US Travel Association Travel is the seventh largest employer in the private sector. 8.8 MILLION 15.6 million: Total number of American jobs supported by travel. 1 in 9 American jobs (private sector) supported by travel. The amount travel jobs increased 2010-2017, compared to 12% in the rest of the private sector. 20% American jobs directly supported by domestic and international travelers in the U.S. $718.4 billion: Total direct spending on leisure travel by domestic and international travelers in 2017. $112 Billion Tax revenue generated by spending on leisure travel. 74%: Of domestic trips taken are for leisure purposes. U.S. residents logged 1.8 billion person‑trips* for leisure purposes in 2017. *Person‑trip defined as one person on a trip away from home overnight in paid accommodations or on a day or overnight trip to places 50 miles or more [one‑way] away from home. Image: Freepik.com

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