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TI News: An information service from the National Travel & Tourism Office (NTTO)
January 27, 2014
International Visitors Break Spending Records in November 2013
Travel and Tourism Trade Surplus Breaks Record in 2013
WASHINGTON - Acting Under Secretary of Commerce for International Trade Ken Hyatt announced today that international visitors to the United States spent an estimated $15.3 billion on travel and tourism-related activities in November 2013. International visitors have injected nearly $165 billion into the U.S. economy since January 2013, an increase of approximately 9 percent. Additionally, the United States travel and tourism trade surplus reached a record-breaking $52 billion in 2013.
“The United States continues to enjoy a trade surplus in the services industry and tourism exports account for 25 percent of that surplus, and nearly 45 percent of the growth of total services exports,” said Hyatt. “Travel and tourism is a vital contributor to our economy and supports millions of American jobs. ITA and the Department of Commerce will continue to support policies that help increase travel to the United States.”
Travel and tourism exports consist of Travel Receipts and Passenger Fare Receipts.
The growth of total U.S. travel and tourism exports continues to outpace the growth of total U.S. services exports; international visitor spending increased almost 9 percent, while total U.S. services exports increased by 5 percent during the same period. Moreover, the year-to-date increase in total travel and tourism exports accounts for nearly 45 percent of the growth of total services exports.
As a result of exports exceeding imports, the United States enjoyed a surplus of nearly $4.8 billion for November, and a record-breaking $52.1 billion surplus year to date.
To learn more about U.S. efforts to support the travel and tourism industry, as well as view additional industry-related statistics, please visit: http://travel.trade.gov.
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/outreachpages/download_data_table/Monthly_Exports_Imports_Balance.xlsx>.