In a report on the U.S. Tourism Industry released ON 6/25/2007 by IBISWorld, Americans are expected to take 1,254.6 million domestic person trips in 2007, a 2.3 percent increase over the previous year. Domestic person trips are defined when one person takes a trip 50 miles or more, one way, away from home or including one or more nights away from home. The average number of nights spent in the U.S. per vacation trip this year is expected to decline slightly to 16.1 nights.

IBISWorld estimates that, in constant 2006 prices, the U.S. Tourism Industry will generate $1,188 billion in revenue in 2007, which represents a real growth rate of 2.0 percent. This is compared to the annual growth rate of 3.5 percent for the previous five years. The travel industry will contribute an estimated $341.5 billion to the U.S. economy in 2007, which represents 2.5 percent of total GDP.

"Despite high gas prices and concerns associated with a slowing economy, the summer vacation period appears to be on track to contribute another year of growth for the U.S. Tourism Industry," said Harvey Jones, senior vice president, IBISWorld, recognized as one of the nation's most respected independent publishers of business intelligence research on more than 700 industries, 8000-plus company profiles, and risk rating reports on virtually every industry.

Looking ahead, IBISWorld projects real revenue growth for the U.S. Tourism Industry will be at an average annual rate of 2.3 percent between now and 2011. During this period, real industry value added will increase at an average annual rate of 1.6 percent, which the IBISWorld report notes will be lower than the expected national GDP growth rate of 2.8 percent (average annual rate until 2011).

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