trade deficit
International Visitors Spent $14.7 Billion on Travel to U.S. in January 2023
NTTO | March 20, 2023
Data recently released by the National Travel and Tourism Office (NTTO) show that in January 2023: International visitors spent more than $14.7 billion on travel to, and tourism-related activities within, the United States, an increase of nearly 64 percent compared to January 2022 and marking the twenty-second consecutive month of year-over-year gains (when compared to the same month, previous year). Americans spent more than $15.8 billion traveling abroad, more than any single month prior to the pandemic, yielding a balance of trade deficit of nearly $1.1 billion for the month. This was the third time in the past 6 months that trave...