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TI News: An information service from the National Travel & Tourism Office (NTTO)
July 15, 2015
INTERNATIONAL VISITORS SPENT MORE THAN $18 BILLION IN MAY 2015
WASHINGTON - Today, U.S. Secretary of Commerce Penny Pritzker announced that international visitors spent more than $18 billion on travel to, and tourism-related activities within, the United States in May. International travelers have added $93 billion to the U.S. economy so far this year, and this increase in spending f has supported more than one million jobs throughout the United States.
“The travel and tourism sector continues to contribute to the strength of America's economy," said Secretary Pritzker. "International visitors spent more than $18 billion in May, and have added $93 billion to our economy this year. The Obama Administration is committed to improving the visitor experience across our country to ensure the United States remains the world's most attractive travel destination."
Year-to-date international visitor spending is up 1 percent, totaling $93.5 billion for the first five months of 2015. Conversely, U.S. resident spending abroad is up more than 6 percent during the same period, totaling $63.0 billion on travel and tourism-related goods and services, resulting in a $30.4 billion trade surplus for travel and tourism through May 2015.
(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 U.S. 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. To learn more, please visit: http://travel.trade.gov/pdf/restructuring-travel.pdf
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.