Research Briefing | Sep 9, 2021

US | Travel and Tourism Employment Report

US Travel and Tourism Employment Report

Nearly half of the 16.9 million jobs in the leisure & hospitality (L&H) industry, as defined by the North American Industry Classification System (NAICS), were lost in March and April 2020. While 4.9 million jobs had been created or restored between April and November 2020, another 500,000 L&H jobs were lost in December 2020 and January 2021.

What you will learn:

  • As of the August 2021 jobs report, leisure and hospitality employment sits 10% below its pre pandemic level; this is three percentage points lower than the next most hard hit industry.
  • The leisure & hospitality industry accounted for 11% of pre pandemic employment in the United States yet represents 32% of all job losses through August 2021.
  • While the easing of pandemic related restrictions and widespread vaccine availability accelerated the employment recovery through the first seven months of 2021, growing concern over the Delta variant’s rapid spread stalled the recovery in August.

Back to Resource Hub

Related Services

Post

Slowdown in 2023, except for Chinese cities

Growth across advanced Asia Pacific cities is slowing down in 2022's second half, and their full-year growth rates will trend downwards in 2023. In emerging Asian cities, we expect an uptick in growth in 2022, followed by a marked weakening in 2023.

Find Out More

Post

European cities face a tough winter as recession spreads

Strong annual GDP growth figures for most major European cities do not tell the whole story in 2022 as the economic environment across Europe has continued to deteriorate in the second half of this year. We expect technical recessions across most major European cities in H2 2022 and into Q1 2023.

Find Out More