International Visitors Spent Nearly $21.3 Billion in August
October 19, 2017 12:03pm
Year-to-date tourism exports total $168 billion, on pace for record-setting 2017
WASHINGTON - The National Travel and Tourism Office (NTTO) today announced that international visitors spent an estimated $21.3 billion on travel to, and tourism-related activities within, the United States during the month of August, an increase of nearly 5 percent when compared to August 2016. In fact, travel and tourism-related exports have exhibited growth each month of 2017, reversing nine consecutive months of declines that began in April 2016.
International visitors have spent $167.7 billion on travel and tourism-related goods and services year to date (January through August 2017), an increase of more than 3 percent when compared to the same period last year; conversely, Americans have spent an estimated $113.7 billion abroad, yielding a balance of trade surplus of more than $54.0 billion year to date.
Composition of Monthly Spending (Exports):
Source: U.S. Department of Commerce, National Travel and Tourism Office and the Bureau of Economic Analysis.(1)
(1) In June 2014 the Bureau of Economic Analysis (BEA) completed the most comprehensive restructuring of the U.S. international economic accounts since 1976 in an effort to bring our international accounts into closer conformity with international guidelines. As a result, BEA now uses a broader definition of travel that includes education-related and health-related travel and expenditures on goods and services by border, seasonal, and other short-term workers. Therefore, all travel and tourism-related trade data have been revised back to 1999. To learn more, please visit: http://travel.trade.gov/pdf/restructuring-travel.pdf
Tags: international travel index,
national travel and tourism office,
The National Travel and Tourism Office (NTTO) 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 the NTTO site at: http://travel.trade.gov/about/overview.html.
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