Industry on pace to set all-time record for tourism-related exports
WASHINGTON, DC - The US Department of Commerce, Bureau of Economic Analysis recently announced that international visitors spent $15.2 billion on travel to, and tourism-related activities within, the
WASHINGTON, DC – The US Department of Commerce, Bureau of Economic Analysis recently announced that international visitors spent $15.2 billion on travel to, and tourism-related activities within, the United States during the month of October – nearly $1.4 billion more (10%) than was spent in October 2012. Travel and tourism-related exports have increased, on average, more than $1.3 billion a month in 2013 and are on pace to break the record previously set last year for total travel exports. The National Travel and Tourism Office expects industry-related exports to surpass $179 billion for 2013.
Travel Receipts: Purchases of travel and tourism-related goods and service s by international visitors traveling in the United States totaled $11.7 billion during October, 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: When compared to October 2013, U.S. passenger fare exports – fares received by U.S. carriers (and U.S. vessel operators) from international visitors – increased to $3.4 billion for the month (7%).
International visitors have spent an estimated $149.6 billion on U.S. travel and tourism-related goods and services year to date (January through October), an increase of 9 percent when compared to the same period last year.
Americans have spent nearly $102.1 billion abroad year to date (up 4%) – resulting in a $47.5 billion trade surplus for travel and tourism through the first ten months of 2013.