The travel and tourism market in the U.S. is second in growth only to China's in the past seven years, according to a report from the World Travel and Tourism Council (WTTC).

The WTTC ranked the top 10 countries in the world based on GDP growth, domestic spending, investment growth and visitor exports in its Travel and Tourism Power and Performance Report.

In order, the top 10 countries are China, the U.S., India, Mexico, the U.K, Spain, Turkey, Canada, Indonesia, and Australia and the United Arab Emirates (tied for 10th place).

According to the WTTC, the travel and tourism sector in 2017 accounted for 10.4% of global GDP and 9.9% of total employment (313 million jobs). The sector grew 4.6% in 2017, outpacing the global economy for the seventh consecutive year.

"With no surprise, China took first place, driven by the strongest absolute growth out of all countries in three indicators -- GDP growth, domestic spending and investment growth," the WTTC said. "It only failed to climb to the top position in visitor exports, where it ranked third."

The U.S. has the largest total travel and tourism GDP in the world and comfortably came in second place to China, the WTTC said. It pointed to the country's strong economy and its streak of job growth.

"WTTC advocates that growth is driven by strong travel facilitation policies, and sustainable and proactive planning," president and CEO Gloria Guevara said in a statement. "The USA must continue to work to capitalize on the economic benefits of the travel and tourism sector and realize opportunities for continued growth."

Comments
JDS Travel News JDS Viewpoints JDS Africa/MI