U.S. Travel and Tourism Satellite Account for 2018–2023

Today, the U.S. Bureau of Economic Analysis (BEA) released updated national-level travel and tourism statistics from 2018 to 2022, with new statistics for 2023. These revised and newly available statistics primarily reflect the incorporation of source data from the 2024 annual update of BEA's National Economic Accounts, which include the Industry Economic Accounts.1 Combined with new and revised tourism-specific source data, these improvements allow the Travel and Tourism Satellite Account (TTSA) to capture the dynamics of this sector with greater accuracy. BEA's Travel and Tourism Satellite Account is supported by funding from the National Travel and Tourism Office of the International Trade Administration.

The travel and tourism industry, as measured by the real output of goods and services sold directly to visitors, increased 7.0 percent in 2023 after increasing 20.8 percent in 2022.2 By comparison, the broader economy, as measured by real gross domestic product (GDP), increased 2.9 percent in 2023 after increasing 2.5 percent in 2022.

Highlights from the TTSA include the following:

  • As the industry continued to recover from the COVID–19 pandemic, travel and tourism's share of GDP increased from 2.96 percent in 2022 to 3.03 percent in 2023 (table A).
  • The travel and tourism industry's real output increased $81 billion in 2023, recovering to the pre-COVID–19 pandemic levels seen in 2019 (table B).
    • In 2023, real output increased for 19 of 24 commodities. The largest contributors to the increase were food and beverage services, shopping, and traveler accommodations.
  • Prices for travel and tourism goods and services increased 2.3 percent in 2023 after increasing 12.5 percent in 2022. The largest contributors to the increase were food and beverage services, traveler accommodations, and domestic passenger air transportation services (table C).
  • The TTSA is available on the BEA website; see the box “Data Availability.”

The remainder of this article includes a discussion of trends in travel and tourism output, prices, value added, and employment.

Value added

A sector's value added measures its share of GDP. The travel and tourism industry's share of GDP was 3.03 percent in 2023, 2.96 percent in 2022, and 2.76 in 2021 (table A). This pattern indicates that travel and tourism industries contracted and expanded disproportionately to non-travel and tourism industries during the COVID–19 pandemic.

Direct employment

Direct tourism employment refers to jobs that are directly related to visitor spending on goods and services. Airline pilots, hotel clerks, and travel agents are examples of such employees. Overall, direct employment increased by 613,000 jobs in 2023 after increasing by 734,000 jobs in 2022. This was after increasing by 1.4 million jobs in 2021. The largest contributors to the 2023 increase were food services and drinking places, which gained 292,000 jobs; shopping, which gained 101,000 jobs; and traveler accommodations, which gained 97,000 jobs (chart 4 and table D).

Total employment

Total tourism-related employment (the sum of direct and indirect jobs) increased to 10.0 million jobs in 2023 from 9.1 million jobs in 2022. The 10.0 million jobs consisted of 6.5 million direct tourism jobs and 3.6 million indirect tourism jobs (chart 5). While direct tourism employment includes jobs that produce direct tourism output, such as airline pilots, indirect tourism employment is generated by the businesses that supply goods and services to the tourism sector, such as refinery workers producing jet fuel. Data for 2023 indicate that for every 100 jobs supported directly by the travel and tourism industry, an additional 55 indirect tourism jobs were also required.


  1. For more information, see Lisa S. Mataloni and Stephanie H. McCulla, “The 2024 Annual Update of the National Economic Accounts,” Survey of Current Business (October 31, 2024).
  2. All measures of travel and tourism activity not identified as being in “real,” or inflation-adjusted, terms are current-dollar, or nominal, estimates