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U.S. Tourism's 'Lost Decade' Cost Some 500,000 Jobsby Paul BedardUS News Nov. 12, 2011 |
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 The travel industry today became the latest to slam federal rules and bureaucracy, charging that tough visa rules for potential tourists have robbed the nation of $600 billion and hundreds of thousands of jobs. Two grim facts: More Chinese now visit France than the United States, in part because it's hard to get a U.S. visitors visa. And while the U.S. used to be the destination for 17 percent of the world's tourists in 2000, that's dropped to 12.4 percent and shows no sign of changing. "Even as world travel grew by more than 60 million travelers between 2000 and 2010, the U.S. share of the market remained essentially flat. During this 'lost decade,' our economy squandered an opportunity to gain $606 billion in total spending from 78 million additional visitors—enough to support 467,000 more jobs annually," said a new report out this afternoon from the U.S. Travel Association. Read More |
