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Travel And Tourism To The United States Is Big Business

World Travel
open eyes opinion {source: US International Trade Administration}

UNDER SECRETARY SELIG ANNOUNCES INTERNATIONAL VISITORS SPENT $18.4 BILLION IN NOVEMBER  2014

WASHINGTON – Under Secretary of Commerce for International Trade Stefan M. Selig announced today that international visitors to the United States spent $18.4 billion on travel to, and tourism-related activities within, the United States in November, a slight increase from November 2013.

“International visitors have injected approximately $615 million a day into the economy in November, once again making travel and tourism a star of the U.S. economy,” Selig said. “The industry continues to grow, drawing us closer to President Obama’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 $203.6 billion on U.S. travel and tourism-related goods and services during the January –November 2014 time frame, an increase of 4 percent when compared to the same period last year. Americans have spent an estimated $133.9 billion abroad, resulting in a trade surplus of nearly $69.7 billion.

Travel Receipts: Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $11.5 billion during November, relatively unchanged when compared to 2013. 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 November.

Passenger Fare Receipts: Fares received by U.S. carriers from international visitors totaled $3.5 billion for the month, a slight decrease when compared to November 2013. Passenger fare receipts accounted for 19 percent of total U.S. travel and tourism exports in November.

Medical/Education/Short-Term Worker:  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 November, an increase of nearly 7 percent when compared to the same period in 2013. Medical tourism, education, and short-term worker receipts accounted for almost 19 percent of total U.S. travel and tourism exports during November.

China remains an important market for U.S. travel and tourism.

To attract more Chinese travelers to the United States, on November 10, 2014, President Obama announced a reciprocal visa validity arrangement between the U.S. and the People’s Republic of China. Both countries agreed to increase the validity of short-term tourist and business visas to ten years—the longest validity possible under U.S. law.

As a result of this arrangement, the United States hopes to welcome a growing share of eligible Chinese travelers, inject billions in the U.S. economy and create enough demand to support hundreds of thousands of additional U.S. jobs.

The U.S. Commerce Department’s National Office for Travel and Tourism, housed in the International Trade Administration, was integral in helping push for this change, which will improve trade, investment, and business ties by facilitating travel and offering easier access to both economies.

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