Year-to-Date U.S. Travel and Tourism Exports Already Exceed Annual Record
The U.S. Department of Commerce recently announced that international visitors spent an estimated $14.1 billion on travel to, and tourism-related activities within, the United States during the month of November - nearly $1.3 billion more (10%) than was spent in November 2011.
- Travel
Receipts:
Purchases of travel and tourism-related goods and services by
international visitors traveling in the United States totaled $10.8
billion during November, an increase of nearly 11 percent when
compared to last year. These goods and services include food,
lodging, recreation, gifts, entertainment, local transportation in
the United States, and other items incidental to foreign travel.
- Passenger
Fare Receipts:
Fares received by U.S. carriers (and U.S. vessel operators) from
international visitors increased 7 percent to $3.3 billion for the
month, following an increase of 2 percent in October. U.S carriers
have received more than $36 billion from international visitors
through November 2012, the strongest year-to-date performance on
record.
Americans ave spent more than $108.5 billion abroad year to date (up 8%) - resulting in a $45.2 billion balance of trade surplus for travel and tourism through November 2012.
Source: U.S. Department of Commerce, Bureau of Economic Analysis (January 2012).
The Office of Travel and Tourism Industries (OTTI) is responsible for collecting, analyzing, and disseminating international travel and tourism statistics for the U.S. Travel and Tourism Statistical System. For more monthly travel and tourism-related trade data dating back to 1992, please visit: < http://tinet.ita.doc.gov/outreachpages/download_data_table/Monthly_Exports_Imports_Balance.xls >.