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TI News: An information service from Office of Travel & Tourism Industries (OTTI)
April 10, 2012
International Visitor Spending in the United States: January 2012
After a record-breaking year, the growth of U.S. travel and tourism exports continues into 2012
The U.S. Department of Commerce recently announced that international visitors spent an estimated $12.0 billion on travel to, and tourism-related activities within, the United States during the month of January - nearly $890 million more (7 percent) than was spent in January 2011.
“Travel and tourism is an important service export and the growth in this industry touches communities across America,” said Under Secretary for International Trade Francisco Sánchez. “This ongoing growth of international visitors coming to see America means more jobs and more economic prosperity.”
U.S. resident spending abroad also grew in January, up 5 percent when compared to January 2011. As a result of exports exceeding imports (7% and 5%, respectively) for the month, the United States enjoyed a favorable balance of trade for the month of January - a surplus of $3.4 billion.
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>.