bureau of economic analysis
2020 Travel and Tourism Industry Impact on the U.S. Economy
NTTO | March 9, 2022
The National Travel and Tourism Office’s (NTTO) Travel & Tourism Satellite Account, produced annually by the Bureau of Economic Analysis, is the official U.S. Government estimate of the economic impact of the travel and tourism industry in the United States. The latest TTSA shows that in Calendar Year 2020: Total economic output generated by travel and tourism fell $982.5 billion (-50.1%) from 2019 ($1.96 trillion) to 2020 ($978.4 billion). Among those sectors hardest hit, passenger air transportation services output declined by nearly $214.7 billion in 2020, followed by food services and drinking places/restaurants (dow...
‘Trump Bump’ Continues for Fourth Consecutive Month With Record-Setting Exports Year to Date
National Travel and Tourism Office | June 21, 2017
The National Travel and Tourism Office (NTTO) recently announced thatinternational visitors spent an estimated $20.8 billion on travel to, and tourism-related activities within, the United States during the month of April, an increase of more than 3 percent when compared to April 2016. Passenger fares remain the only downward pull on total travel and tourism exports, but are now declining at a decreasing rate-down less than half a percentage-point when compared to the same period last year. As fuel prices continue to gravitate upward, so, too, should passenger fares receipts from international visitors and these fares will once again co...
