Monthly U.S. travel and tourism exports surpass two-year high
Americans have spent just over $85.8 billion abroad year to date
Tuesday, December 28, 2010
The
U.S. Department of Commerce recently announced that international visitors spent an estimated $11.9 billion on travel to, and tourism-related activities within, the United States during the month of October - nearly $1.8 billion more (18%) than was spent in October 2009-marking the tenth straight month of growth in U.S. travel and tourism exports. Total travel and tourism-related exports have increased, on average, $1.4 billion a month in 2010.
- Travel Receipts: Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $9.1 billion during October, an increase of 13 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 by nearly 34 percent to $2.8 billion for the month, an increase of $709 million when compared to October 2009.
International visitors have spent an estimated $111.5 billion on U.S. travel and tourism-related goods and services year to date (January through October), an increase of 11 percent when compared to the same period last year and the sixth consecutive month of double-digit growth.
Americans have spent just over $85.8 billion abroad year to date (up 4%) - resulting in a $25.7 billion trade surplus for travel and tourism through the first ten months of 2010.
Vicky Karantzavelou
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Tuesday, December 28, 2010
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