International Visitors spend $18.5 Billion in October 2014
WASHINGTON – U.S. Secretary of Commerce Penny Pritzker announced that international visitors spent $18.5 billion on travel to, and tourism-related activities within, the United States in October, an increase of nearly 3 percent when compared to October 2013.
“The data demonstrates that we are well on our way to achieving another record-setting year for travel and tourism exports, and that the United States is likely to see more than $222 billion in annual international visitor spending for the very first time,” said Secretary Pritzker. “Increased travel and tourism is a critical tool for economic growth and job creation in the United States, which is why President Obama created the first-ever national strategy to attract more international visitors to our country. We will continue to focus on the growth potential of this sector and on achieving the President’s goal of welcoming 100 million international visitors and the estimated $250 billion they will spend per year by the end of 2021.”
International visitors have spent $185.1 billion on U.S. travel and tourism-related goods and services year to date (January through October), an increase of 4 percent when compared to the same period last year; conversely, Americans have spent an estimated $121.4 billion aboard, resulting in a balance of trade surplus nearly $64 billion year to date.
Travel Receipts: Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $11.5 billion during October, an ever-so-slight increase of less than 1 percent when compared to last year. These goods and services include food, lodging, recreation, gifts, entertainment, local transportation in the United States, and other items incidental to foreign travel. Travel receipts accounted for 62 percent of total U.S. travel and tourism exports for October.
Fares received by U.S. carriers from international visitors totaled $3.7 billion for the month, an increase of nearly 6 percent when compared to October 2013. Passenger fare receipts accounted for 20 percent of total U.S. travel and tourism exports for October.
Expenditures for educational and health-related tourism, along with all expenditures by border, seasonal, and other short-term workers, totaled more than $3.4 billion in October, an increase of nearly 7 percent when compared to the same period last year. Medical tourism, education, and short-term worker receipts accounted for slightly more than 18 percent of total U.S. travel and tourism exports during October.
Source: U.S. Department of Commerce, National Travel and Tourism Office and the Bureau of Economic Analysis
Dec.18, 2014
