International Visitors Spent $703M Each Day in November
January 24, 2017 11:18am
Travel and Tourism exports on pace for record-setting 2016
WASHINGTON - Acting Under Secretary of Commerce for International Trade Ken Hyatt announced today that international visitors spent nearly $21.1 billion experiencing the United States in November, an increase of two percent ($414 million) when compared to November 2015.
"Despite the decline in fuel prices, which has translated into a material decline in passenger fare exports year to date, U.S. travel and tourism exports are still on pace to set another record in 2016" said Hyatt. "Today's data highlights the resiliency of this vital industry and its importance to the U.S. economy. International visitors spent, on average, $703 million a day on travel and tourism services in the United States in November alone."
International visitors have spent $225.9 billion on U.S. travel and tourism-related goods and services year to date (January through November), a slight increase over record-breaking levels of spending last year; conversely, Americans have spent an estimated $145.3 billion abroad, yielding a balance of trade surplus of more than $80.5 billion year to date.
(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: u.s. travel,
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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