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TI News: An information service from Office of Travel & Tourism Industries (OTTI)
December 27, 2011
United States Travel and Tourism Exports: October 2011
Industry on pace to set all-time record for tourism-related exports
The U.S. Department of Commerce recently announced that international visitors spent $13.1 billion on travel to, and tourism-related activities within, the United States during the month of October - nearly $1.6 billion more (13%) than was spent in October 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. The Office of Travel and Tourism Industries expects industry-related exports to surpass $152 billion for 2011.
International visitors have spent an estimated $126.8 billion on U.S. travel and tourism-related goods and services year to date (January through October), an increase of 14 percent when compared to the same period last year.
Americans have spent nearly $91.9 billion abroad year to date (up 8%) - resulting in a $34.9 billion trade surplus for travel and tourism through the first ten months of 2011.
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>.