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=== TINEWS ===================================
An information service from Tourism Industries
Commerce Department Predicts Record-Setting Travel To U.S. This Year
A record setting 52.9 million international travelers will visit the United States this year, pumping almost $116 billion into the American economy, according to a revised international travel forecast released by the U.S. Department of Commerce's Tourism Industries Office today. The inbound travel forecast predicts the number of arrivals this year will increase by over 2 million or 4 percent more than in 2000, with continued healthy growth through 2004.
"I am proud of America's standing as a top international travel destination, an industry which helps grow our economy and supports more than 1.1 million U.S. jobs," said Commerce Secretary Don Evans. "We expect 2001 will mark the twelfth consecutive year of a travel trade surplus to the US balance of trade."
Tourism is America's fourth largest export category, and the Tourism Industries' forecast shows continual growth in international travel to the U.S. from 2001 through 2004. Last year, 50.9 million international visitors contributed $106 billion in revenues to the U.S. economy. In three years, the number of international visitors to the U.S. is expected to grow to 60.9 million-a 20 percent increase from 2000.
The following are highlights:
The forecast was released at the 32nd annual Travel and Tourism Research Association Conference in Ft. Myers, Florida. The forecast was developed by the US Department of Commerce with the support of DRI-WEFA, a Global Insight Company specializing in economic analysis and forecasts. DRI-WEFA is the largest repository of economic, demographic, and related information, a team of experienced business and economic analysts. Tourism Industries has been working with WEFA for over 20 years to issue the twice a year forecast for international travel to the United States. Their web site address is: http://www.wefa.com/splash.cfm
The forecast covers more than 30 countries and all world regions. For more information on the forecast, visit the International Trade Administration's Tourism Industries Internet site at http://tinet.ita.doc.gov
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Tourism Industries, International Trade Administration
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