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TI News: An information service from the National Travel & Tourism Office (NTTO)
February 25, 2015
U.S. Travel and Tourism Exports Reach New Heights in 2014
International Visitors Inject a Record-Breaking $222 Billion into the United States Economy
WASHINGTON - The National Travel and Tourism Office (NTTO) today announced that international visitors spent $222.3 billion (preliminary estimate) experiencing the United States in 2014, an increase of nearly 4 percent when compared to the previous year; conversely, Americans have spent an estimated $146.7 billion aboard, resulting in a $75.7 billion balance of trade surplus for the industry in 2014.
December 2014 Highlights:
International visitors spent more than $18.8 billion on travel to, and tourism-related activities within, the United States in December, an increase of 2 percent when compared to December 2013. This spending consisted of:
(1) In June 2014 the Bureau of Economic Analysis (BEA) completed the most comprehensive restructuring of the U.S. international economic accounts since 1976 in an effort to bring our international accounts into closer conformity with international guidelines. As a result, BEA now uses a broader definition of travel that includes education-related and health-related travel and expenditures on goods and services by border, seasonal, and other short-term workers. Therefore, all travel and tourism-related trade data have been revised back to 1999. To learn more, please visit: http://travel.trade.gov/pdf/restructuring-travel.pdf
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 1999, please visit the NTTO site at: < http://travel.trade.gov/outreachpages/download_data_table/Monthly_Exports_Imports_Balance.xlsx>.