22-Sep-2010 1:27 PM

US announces third month of double-digit growth in international tourism spending

US Department of Commerce stated (21-Sep-2010) international visitors spent an estimated USD11.4 billion on travel to, and tourism-related activities within, the US during Jul-2010, equating to USD1.5 billion more (+16%) than was spent in Jul-2009. Year-to-date spending totalled USD76.5 billion, a 9% year-on-year increase. The results mark the seventh consecutive month of growth in US travel and tourism exports. International visitor spending in the US increased an average of USD927 million a month in 2010. The Department added that the travel and tourism industry represents USD1.3 trillion of the US economy, supporting 8.2 million US jobs and accounting for 8% of all US exports. One out of every 16 Americans works, either directly or indirectly, in a travel and tourism related industry. The Department added that Americans are also spending more abroad, although the US maintains a USD17.2 billion trade surplus for travel and tourism.

US Government: “The travel and tourism industry’s remarkable growth this year is good news for our small and medium-sized businesses, which account for more than 80 percent of the travel and tourism industry. The Obama Administration is committed to continuing our robust efforts to attract even more tourism here because we recognise the critical role that international visitors to the United States play in creating jobs and growing our economy,” Gary Locke, Commerce Secretary. Source: Company Statement, 21-Sep-2010.

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