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TI News: An information service from the National Travel & Tourism Office (NTTO)
December 02, 2014
International Visitors Spend $19.1 Billion in September 2014
International visitors inject nearly $640 million a day into U.S. economy in September
WASHINGTON - The National Travel and Tourism Office (NTTO) recently announced that international visitors spent $19.1 billion on travel to, and tourism-related activities within, the United States in September, an increase of nearly 7 percent when compared to September 2013.
“Travel and tourism continues to be a bright star in our economy. Our international guests spent more than $600 million a day in September,” Selig said. “That equals increased revenue for industry-related businesses and jobs for the American people.”
International visitors have spent $169.4 billion on U.S. travel and tourism-related goods and services year to date (January through September), an increase of 6 percent when compared to the same period last year; conversely, Americans have spent an estimated $108.7 billion aboard, resulting in a balance of trade surplus nearly $61 billion year to date.
(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. BEA released revised and restructured country estimates in October. Therefore, all travel and tourism-related trade data have been revised back to 1999, and NTTO is working to revise its website to reflect these changes. To learn more, please visit: https://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: < https://travel.trade.gov/outreachpages/download_data_table/Monthly_Exports_Imports_Balance.xlsx>.