Industry Analysis & Industry Trends
The Tourism industry is experiencing steady growth as both domestic and international travel have increased over the past five years. Increasing corporate profit also led to far more business trips, which has contributed to consistent rises in industry revenue. Moreover, the industry is expected to continue moving steadily ahead over the next five years as increased travel rates and the corresponding rise in travel spending bolster industry performance... purchase to read more
Industry Report - Industry Locations Chapter
One key factor affecting the regional distribution of this industry is a state's proportion of the population. This factor is particularly important for domestic day trips but less important for domestic overnight trips and international visitors.
Tourism features and attractions are also important, particularly those of international significance or with international recognition, such as the Grand Canyon, Disneyland, Las Vegas, New York and Hollywood. Major sporting events, such as the Super Bowl, are major visitor attractions as well. Having a major commercial center, including a major industrial, financial and commercial center for business and conference/convention travelers, such as New York, will also attract business visitors. Als.. purchase to read more