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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.
Friday, April 04, 2014
BY ERIC FRUITS
The rapidly rising cost of higher education has left even the smartest researchers and the wonkiest of wonks wondering what’s happening and where’s all that money going. More and more, prospective students—and their families—are asking: Is college worth the cost?
Tuesday, February 25, 2014
BY BRANDON SAWYER
Sales of small businesses surged in 2013 according to the biggest Internet marketplace of such transactions, BizBuySell, increasing to 7,056 reported sales, a 24% increase over 2012, when they dropped 7%. Portland Metro sales tracked by the site grew 9% to 73, capping three years of solid growth. On top of that, Portland’s median sale price jumped 67% to $250K, versus just 13% to $180K nationally. Portland was one of just six metros tracked where the median sale price matched the median asking price, with sellers getting, on average, 92% of what they asked.
Thursday, February 27, 2014
Our 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.
Thursday, February 20, 2014
BY VIVIAN MCINERNY | OB BLOGGER
As retailers consolidate and newspapers fold, the business of modeling shifts to ad agencies, apparel companies and new media.
Tuesday, February 25, 2014
BY JESSICA RIDGWAY
A self-proclaimed “chile head,” John Ford “grows, eats and does everything spicy.”
Tuesday, March 11, 2014
BY MARK BLAINE | OB BLOGGER
The publisher of the Emerald Media Group moves on, leaving a cutting edge media group that depends on business acumen for its survival.
Tuesday, February 25, 2014
BY BRANDON SAWYER
The 100 Best Companies get more creative with perks and more generous with benefits; employees seek empowering relations with management and coworkers.
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