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Spending by Visitors to U.S. On Pace to Set Record for 2011
January 3, 2012

According to the latest U.S. Department of Commerce report, international visitors spent $13.1 billion on travel to, and tourism-related activities within, the United States during the month of October -- nearly $1.6 billion more (13 percent) than was spent in October 2010.

Travel and tourism-related exports have increased, on average, more than $1.5 billion a month in 2011 and are on pace to break the record previously set in 2008 before the onset of the global economic slowdown. The Office of Travel and Tourism Industries expects industry-related exports to surpass $152 billion for 2011.

Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $9.9 billion during October, an increase of nearly 12 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.

When compared to October 2010, U.S. passenger fare exports -- fares received by U.S. carriers and U.S. vessel operators from international visitors -- increased to $3.2 billion for the month, an increase of 18 percent. International visitors have spent an estimated $126.8 billion on U.S. travel and tourism-related goods and services year to date (January through October), an increase of 14 percent when compared to the same period last year.

Americans have spent nearly $91.9 billion abroad year to date (up 8 percent), resulting in a $34.9 billion trade surplus for travel and tourism through the first ten months of 2011.

Source :- http://www.travelpulse.com/
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