TI News: An information service from Office of Travel & Tourism Industries (OTTI)
March 15, 2011
The State of U.S. Travel and Tourism Industries: November 2010
The U.S. Department of Commerce, Office of Travel and Tourism Industries recently published its monthly State of the Industries report, which highlights the leading travel and tourism-related indicators for the month and year to date.
Combining a myriad of government data from the United States, Mexico, and Canada, the State of the Industry Report is designed to provide the industry with the latest impact of travel and tourism on the U.S. economy; travel and tourism employment, prices, total industry output; and travel and tourism-related exports, imports, and the balance of trade.
A few highlights from the report:
- In Q3 2010 total travel and tourism-related employment (direct + indirect) increased 2.0 percent to 7.8 million.
- Real spending (adjusted for changes in price) on travel and tourism increased at an annual rate of 8.0 percent in Q3 2010. By comparison, real gross domestic product (GDP) increased 2.6 percent during the same period.
- In November international visitors spent an estimated $11.7 billion on travel to, and tourism-related activities within, the United States - $1.6 billion more (16 percent) than was spent in November 2009.
- November marks the eleventh consecutive month of increased international visitor spending in the United States and the seventh consecutive month of double-digit export growth.
- International visitors have spent an estimated $123.0 billion on U.S. travel and tourism related goods and services year to date, an increase of 12 percent compared to the same period last year (January - November).
- The U.S. travel and tourism industry has generated a $28.5 billion trade surplus through November, a 48 percent more favorable balance of trade when compared to the same period last year.
The State of the Industries report showcases U.S. travel and tourism exports/imports, total industry output, employment, and changes in travel and tourism-related prices, to name a few.
To view the November State of the Industries report, please visit: < http://tinet.ita.doc.gov/pdf/state-of-the-industry-november-2010.pdf >.
The U.S. 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/annual travel and tourism-related data and market research, please visit: < http://tinet.ita.doc.gov/outreachpages/inbound.general_information.inbound_overview.html >.