Boston, MA -- (SBWIRE) -- 10/14/2014 -- Our US tourism report examines the long-term potential offered by the tourism industry but highlights that weakness in European economies may put downward pressure on arrivals in the short term. In 201 5 , we forecast to urist arrivals to reach 62.5 mn, re presenting ye ar-on-year (y-o-y) growth of 4.2 %. Growth is forecast to remain around this rate throughout the rest of the forecast period to 2018.

The travel and tourism industry is proving a strong driver of the US economy. In June 2014, the US Department of Commerce released a report indicating that travel and tourism exports grew at double the pace of other US exports in the last year. Travel exports grew by 6.1% in the year from April 2013. This calculation follows a redefinition of travel exports, which now include education and health related travel, plus seasonal and short-term work travel. This brings US travel calculations in line with international norms, allowing for easier comparison across regions.

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Travel and tourism employment within the US is also increasing, with 19,200 jobs being added in May 2014. This increase was seen across various sectors, including accommodation and air transport. The travel industry now employs almost 8mn direct jobs and has recovered from the half million it shed during the economic downturn.

- BMI is forecasting arrivals from Mexico to remain strong in 2015, totalling 20.4mn.

- BMI is forecasting inbound arrivals to reach 62.5mn in 2015, a rise of 4.2% y-o-y. Outbound arrivals will increase by 2.8% in 2014, to 69.9mn.

- BMI is forecasting hotels and restaurants industry value to reach USD477.4bn in 2015, before rising to USD500bn by 2018.

The United States Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's United States Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the American tourism industry.

Key Benefits

- Benchmark BMI's independent tourism industry forecasts for United States to test other views - a key input for successful budgetary and planning in the American tourism market.

- Target business opportunities and risks in the American tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in United States.

- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

This contains a synopsis of our forecasts, and any changes, together with an overview of key trends and developments in the tourism industry, and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects, new hotel developments, and acquisitions.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the tourism sector and within the broader political, economic and business environment.

BMI Industry Forecast Scenario

Forecasts to end-2018 for all key indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

Inbound tourism: Arrivals (?000), arrivals growth (% y-o-y), arrivals by region, growth (% y-o-y), arrivals by country, growth (% y-o-y), top 10 countries based on arrivals, growth (% y-o-y).

Outbound tourism: Departures (?000), growth (% y-o-y), departures by regional destination (?000 and growth % y-o-y).

Travel: Methods of travel for arrivals (Air, Ship, Rail), (?000) and (% growth y-o-y), international Tourism receipts for transport (US$bn), (growth % y-o-y), international Tourism receipts for travel items (US$bn), (growth % y-o-y).

Hotels: Hotel industry value (US$bn), (growth % y-o-y), (%GDP), (per capita), (per employee), number of hotels and like establishments (?000), (growth % y-o-y), total overnight stays, (?000), (growth % y-o-y), length of stay, occupancy rate (%), number of hotel rooms, (?000), (growth % y-o-y).

Industry Risk Reward Rankings

BMI?s Tourism Industry Risk Reward Rankings provide a country-comparative Risk Reward Rankings index aimed at investors (tour operators, tourism infrastructure investors, financial institutions) in the regional tourism market.

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