2021-10-27-牛津经济研究院-US_Travel_and_Tourism_Employment_Report_-_September_2021_20页_385kb

Summary of Tourism-Related Employment Report (September 2021)

Key Findings

• Leisure & Hospitality (L&H) Employment: As of September 2021, L&H employment was 9% below pre-pandemic levels, with job losses accounting for 32% of all U.S. job losses. This was worse than any other industry.

• Job Losses: L&H lost nearly half of its 16.9 million pre-pandemic jobs (based on NAICS definition). Sub-industries like Food & Beverage (8% loss) and Accommodation (-16%) were severely impacted.

• Recovery Pace: Job creation slowed significantly in the second half of 2021, averaging 56,000 new L&H jobs in August and September, compared to an average of 349,000 jobs in 2021. This could delay full recovery until early 2023.

• Labor Market Constraints: Widespread disruptions, including the Delta variant and labor shortages, hindered hiring. The L&H job openings rate was 10.1%, indicating significant unfilled positions. Wages in L&H rose 13.6% year-over-year due to labor demand.

• Travel Comparison: L&H employment declined 19% in 2020, while travel employment dropped 34%. Since the pandemic began, travel underperformed L&H, but L&H benefits from local demand and fewer restrictions.

• Future Outlook: Recovery faces challenges from the fading leisure travel season and ongoing COVID-19 concerns. Expected rebounds include school reopenings and expiring unemployment benefits.

Appendices

• The data appendix provides detailed statistics on job losses across various industries, with L&H accounting for the largest share.
• Additional information from Tourism Economics highlights their expertise in travel-related economic analysis.