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TI News: An information service from the National Travel & Tourism Office (NTTO)
December 16, 2013
United States Travel and Tourism Exports: October 2013
Industry on pace to set all-time record for tourism-related exports
The U.S. 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.
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.
The National Travel & Tourism Office 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://travel.trade.gov/outreachpages/download_data_table/Monthly_Exports_Imports_Balance.xls >.
To learn more about the National Travel & Tourism Industries reports on travel exports and imports program, go to: http://travel.trade.gov/research/reports/recpay/index.html