News for the Hospitality Executive |
January 31, 2012 - The
U.S. Department of Commerce recently announced that international
visitors spent $12.7 billion on travel to, and tourism-related
activities
within, the United States during the month of November - $1.1 billion
more
(10%) than was spent in November 2010. Travel and tourism-related
exports have
increased, on average, more than $1.5 billion a month in 2011 and are
on pace
to break the record previously set in 2008 before the onset of global
economic
slowdown. Despite the recent slowing of the monthly growth in
tourism-related
exports, the Office of Travel and Tourism Industries still expects
industry-related exports to surpass $152 billion for 2011.
Americans have spent nearly $101.1 billion abroad year to date (up 7%) - resulting in a $38.4 billion trade surplus for travel and tourism year to date. 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 |
Contact: U.S. Department of Commerce International Trade Administration Office of Travel and Tourism Industries (OTTI) 1401 Constitution Avenue, NW, Room 1003 Washington, DC 20230 (202) 482-3809 Website: www.tinet.ita.doc.gov Email: [email protected] |