The hospitality and tourism industry is a major global economic driver, employing 7.8% of the worldwide workforce and accounting for 10.6% of global GDP. It encompasses various sectors including travel, lodging, foodservice, recreation, and meetings/conventions. Key international organizations that govern the industry include the World Tourism Organization and International Air Transport Association. The United States tourism industry has a significant economic impact, generating $72.3 billion in international traveler spending and $95.6 billion in annual tax receipts while supporting over 20 million jobs.