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|Articles - March 2013|
|Monday, February 25, 2013|
BY TODD DAVIDSON
Jobs — the topic on everyone’s mind. At a time when business leaders and elected officials are seeking ways to stimulate economic recovery and job creation, one industry has been creating jobs at a faster pace than the rest of the economy, is creating solid career opportunities and has become America’s largest service export: the travel and tourism industry.
Travel jobs can mean a first foothold on the career ladder or a flexible job for those seeking degrees. One-third of the 5.6 million Americans who work part time to support themselves while they further their education work in leisure and hospitality. And travel jobs are helping unemployed Americans hit hardest by the recession — younger workers and those without or seeking higher education.
What’s more, the jobs created through international and domestic travel are promising jobs that can lead to successful careers. A recent study conducted by the U.S. Bureau of Labor Statistics, which included more than 30 years of data analyzed by Oxford Economics and the U.S. Travel Association, found that workers in the travel and tourism industry “have greater access to educational opportunities and enjoy better career progression.” Other key findings from the report include:
Additionally, jobs in the tourism and hospitality industries cannot be outsourced. Jobs tied to our national parks, iconic cities, majestic mountains and awe-inspiring coastlines will always remain in the United States. An innkeeper near Crater Lake can no more be outsourced than Crater Lake itself.
One of the keys to generating and keeping more domestic jobs is creating more American exports. When international travelers visit the U.S. and purchase goods and services, every dollar they spend is an export, making travel the largest service export in the country. International travelers spend, on average, $4,300 per visit, which translates into a new job created for roughly every 35 international visitors. With long-haul travel expected to grow 40% between 2010 and 2020, according to Oxford Economics, Oregon and the entire country are poised to benefit.
Tourism is a real economic stimulus. Nationally, the travel and tourism industry injects $1.9 trillion into the U.S. economy and directly supports nearly 7.5 million jobs. One in eight American private-sector jobs are supported by travel.
In Oregon, the travel and tourism industry is a primary driver of the state’s economy, generating $8.8 billion while directly supporting more than 92,000 jobs. And those job numbers are expected to increase. According to a workforce and economic research report from the Oregon Employment Department, the leisure and hospitality sector is expected to add more than 31,000 jobs for Oregonians over the next seven years.
John Muir once said that when you tug on one thing in the world, you suddenly discover it is connected to everything else. This is certainly the case for the travel and tourism industry. The impacts of this industry are so complex and far-reaching that when we nurture it, we strengthen efforts in other areas. But similarly, if we weaken it — ignore it, redirect support for it, disparage it — we diminish the overall economic vitality and opportunity in our communities, our state and our country.
Unleashing the power of Oregon’s travel and tourism industry creates the environment for small businesses to thrive, our economy to expand and new jobs to be created for our fellow Oregonians in every corner of the state.
Todd Davidson is the CEO of the Oregon Tourism Commission and chair of the U.S. Travel and Tourism Advisory Board.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Monday, August 25, 2014
BY JASON NORRIS | OB GUEST BLOGGER
Ferguson Wellman’s investment views on the economy and capital markets.
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Wednesday, August 20, 2014
By Kim Moore | OB Editor
The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
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