Visitors from outside the United States brought close to $12 billion with them in October, making it the tenth month in a row that spending by this group grew year over year. On average this year, total travel and tourism exports have increased $1.4 billion a month. People are visiting us again!
According to data from the U.S. Department of Commerce, travel– and tourism-related exports reached $11.9 billion in October 2010, an 18 percent ($1.8 billion) gain relative to October 2009. The money foreign visitors spent on fares surged $709 million to $2.8 billion for the month, an increase of 34 percent. Travel receipts (i.e., everything but flights, boats, etc.) amounted to $9.1 billion for October 2010, up 13 percent year over year.
For the first 10 months of 2010, international visitors spent $111.5 billion on travel to the United States and on travel-related goods and services once in the country, up 11 percent year over year. Meanwhile, Americans spent $85.5 billion abroad during this period, up 4 percent year over year.
[photo by law_keven via Flickr]