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News for the Hospitality Executive |
| Washington,
August 2, 2011 – For
2010, the U.S. lodging industry posted pre-tax profits of $18 billion –
up from
16 billion in 2009 – and $127.7 billion in sales – up slightly from
$127.2
billion in 2009, according to the
American Hotel & Lodging Association (AH&LA) Lodging Industry
Profile
(LIP), an annual statistical analysis of the industry. This
$127.7
billion contributed to an overall $759 billion in tourism sales*, with
resident
and international travelers’ expenditures in the U.S. estimated at $2
billion/day; $86.6 million/hour; $1.4 million/minute; and
$24,000/second. The percentage of international travelers to the U.S. increased nine percent from 54.9 million in 2009, to a record 59.7 in 2010; arrivals from overseas travelers increased by 11 percent to record 26.4 million. The top 10 countries in terms of U.S. arrivals for 2010 were Canada (20 million), Mexico (13.4 million) the United Kingdom (3.9 million), Japan (3.4 million), Germany (1.7 million), France (1.3 million), Brazil (1.2 million), South Korea (1.1 million), Australia (904,000), and Italy (838,000). These 10 countries accounted for 80 percent of U.S. international visitors. “After several years of declining sales, streamlining budgets, and leaner staffs, 2010 finally was the industry’s transitional year,” said AH&LA President/CEO Joe McInerney. “Although it didn’t happen as quickly as many had hoped, the numbers show that our cyclical industry has officially transitioned back to the road of profitability.” Other facts found in the LIP:
Information contained in the LIP is based on 2010 data provided by D.K. Shifflet & Associates, Ltd.; STR; U.S. Travel Association; U.S. Department of Commerce, International Trade Administration, Office of Travel and Tourism Industries, Bureau of Economic Analysis; Statistics Canada; and Banco de Mexico. Figures for year-end 2011 will be available in summer 2012. *excludes spending on U.S. airlines by international travelers  Serving the hospitality industry for a century, AH&LA is the sole national association representing all sectors and stakeholders in the lodging industry, including individual hotel property members, hotel companies, student and faculty members, and industry suppliers. Headquartered in Washington, D.C., AH&LA provides members with national advocacy on Capitol Hill, public relations and image management, education, research and information, and other value-added services to provide bottom line savings and ensure a positive business climate for the lodging industry. Partner state associations provide local representation and additional cost-saving benefits to members |
| Contact:
Kathryn Potter [email protected] |