Travel industry takes pivotal role to boost economy in United States

Data released Friday by the Commerce Department’s Bureau of Economic Analysis (BEA) demonstrate anew that the travel industry is playing a pivotal role in leading the United States economic recovery.
The BEA’s first-ever estimates of GDP growth by industry show that travel posted the No. 2 growth rate of all U.S. industries in 2013, trailing only the agricultural sector.
In the fourth quarter, overall real GDP growth slowed to an annual pace of 2.6 percent—off from a 4.1-percent pace set in the third quarter. Eleven of the 14 major industrial private sectors profiled in the BEA report slowed from the third quarter to the fourth.


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