Industry exports exhibit double-digit growth for seventh consecutive month
The U.S. Department of Commerce recently announced that international visitors spent $13.0 billion on travel to, and tourism-related activities within, the United States during the month of September – nearly $1.5 billion more (13%) than was spent in September 2010. Travel and tourism-related exports have increased, on average, nearly $1.5 billion a month in 2011 and now account for more than 25 percent of all U.S. services exports.
Travel Receipts: Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $9.8 billion during September, an increase of 10 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 appreciably for the month. When compared to September 2010, U.S. passenger fare exports increased (21%) to $3.3 billion forthe month.
International visitors have spent an estimated $112.8 billion on U.S. travel and tourism-related goods and services year to date (January through September), an increase of 13 percent when compared to the same period last year.
Americans have spent more than $82.3 billion abroad year to date (up 8%) – resulting in a $30.6 billion trade surplus for travel and tourism through the first nine months of 2011.
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.
Source = Office of Travel and Tourism Industries