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TI News: An information service from the Office of Travel & Tourism Industries (OTTI)
November 01, 2012
United States Travel and Tourism Exports: August 2012
Travel and tourism-related exports outpace imports by nearly $4 billion for the month
The U.S. Department of Commerce recently announced that international visitors spent an estimated $13.8 billion on travel to, and tourism-related activities within, the United States during the month of August - $442 million more (3%) than was spent in August 2011. Travel and tourism-related exports have increased, on average, more than $1.0 billion a month during the first eight months of 2012.
“Today’s data show that America remains one of the top destinations in the world for international visitors,” said Francisco J. Sánchez, Under Secretary of Commerce for International Trade. “Collectively, these visitors are spending record levels during their stay, which helps the U.S. travel and tourism industry employ more than 7.6 million Americans.”
International visitors have spent an estimated $109.2 billion on U.S. travel and tourism-related goods and services year to date (January through August), an increase of more than 8 percent when compared to the same period last. In fact, the U.S. travel and tourism industry is on pace for another record-setting year.
Americans have spent nearly $80.1 billion abroad year to date (up 10%) - resulting in a $29.1 billion balance of trade surplus for travel and tourism through the first eight months of 2012.
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 >.