Tourism Industries International Travel and Forecast for the US -- Chart 6
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Now let's look more specifically at some of the top markets in which you invest and which contributed over $1 billion to the U.S. economy. These spending figures reflect spending in the U.S. only, and so exclude spending on transportation to and from the United States.

It's no surprise that Japan tops the list, with spending nearly $4 billion more than our number two revenue generator, the UK. Canada, our largest volume market, comes in third at over $6.8 billion.

What's interesting here are the changes from 1996 to 1997, such as the 6 percent decline in spending from Japan. While our arrivals from Japan in 1997 remained in the black, up 4%, spending tightened up. Germany, which registered no growth in arrivals, saw spending drop 6 percent.

Mexico, which registered a marginal decline, brought about mostly by travel in the frontier zone, reflects the view that travel by air and to the U.S. interior is on the increase. Spending was up, with double digit increases.
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Chart 6 - Top Spending Markets to the U.S. 1997

Top Spending Markets to the U.S. 1997

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