Spending by International Visitors Sharply Down in 2017, U.S. Government Data Shows

The U.S. Travel Association | January 10, 2018

WASHINGTON (January 10, 2018)—International travelers to the U.S. spent 3.3 percent less through November of 2017 than at the same point the previous year, according to the November International Trade report released Friday by the Commerce Department's Bureau of Economic Analysis. The 3.3 percent spending drop translates to losses of $4.6 billion spent in the U.S. economy and 40,000 jobs. Travel had outperformed overall U.S. export growth during the prior five years; the industry generated an $87 billion trade surplus in 2016, without which the U.S. trade deficit that year would have been 17 percent higher. Overall, the U.S. ...