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TI News: An information service from Office of Travel & Tourism Industries (OTTI)
October 31, 2011
United States Travel and Tourism Exports: August 2011
Industry exports now accounting for more than 25 percent of all U.S. services exports
The U.S. Department of Commerce recently announced that international visitors nearly $12.9 billion on travel to, and tourism-related activities within, the United States during the month of August - $1.7 billion more (15%) than was spent in August 2010 - marking the twentieth consecutive month of growth in U.S. travel and tourism exports. Travel and tourism-related exports have increased, on average, more than $1.4 billion a month in 2011 and now account for more than 25 percent of all U.S. services exports.
International visitors have spent an estimated $99.6 billion on U.S. travel and tourism-related goods and services year to date (January through August), an increase of 13 percent when compared to the same period last year.
Americans have spent more than $72.8 billion abroad year to date (up 8%) - resulting in a $26.7 billion trade surplus for travel and tourism through the first eight 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>.