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Profitability Increasing in Lodging Industry In U.S.

The U.S. hotel and lodging industry had a very profitable year in 2011.

July 23, 2012- During 2011, the lodging industry in the U.S. recorded profits of $21.6 billion, which was up from the 2010 mark of $18 billion. Sales for the same period reached $137.5 billion, which were also up from the 2010 figures of $127.7 billion. The $137.5 billion in sales contributed to total tourism sales of over $813 billion. International and domestic travelers spent an average of $2.2 billion each day in the U.S. or about $25,700 every second of 2011.

International travelers visiting the U.S. increased in 2011 by 4% to 63.2 million from the 2010 figure of 59.7 million. The country with the highest arrivals to the U.S. was Canada with 21 million. The next four countries were Mexico, the United Kingdom, Japan and Germany. The top ten countries in terms of arrivals accounted for over 80% of all international visitors to the U.S. during 2011.

During 2011, the tourism industry in the U.S. paid over $194 billion in travel salaries and wages. The industry employs more than 1.8 million in hotel properties alone. After two or three years of down number due to the global economic crisis, the travel and tourism sector in the U.S. is returning to post records numbers.

The government in Washington has also promised to make the visa process for travelers easier and more efficient to ensure that more foreign travelers come to the U.S. in the coming years.

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