Home
Hotel News
Upcoming BITAC® Events - Request Event Info
Tech & Operations 2014 (May 4 - May 6) 2 Spots Left for Suppliers
Global 2014 (June 8 - June 10) 13 Spots Left for Suppliers
Purchasing & Design East 2014 (July 20 - July 22) 5 Spots Left for Suppliers
  Are you a member? Log In  or  Sign Up
Showtime
 
Share
Send a summary and link to this article
To Email
Your Name
Your Email
Bot Test
To pass the Bot Test, please type the white text that you see in the gray box. This helps us prevent spammers from abusing the system.
Print Printable Version

Travel Rises Four Times Faster than Other Exports in ’13

Thursday, December 05, 2013
bookmark this
Bookmark to: Digg Bookmark to: Del.icio.us Bookmark to: Facebook
Bookmark to: Yahoo Bookmark to: Google Bookmark to: Twitter
We are on Twitter
U.S. Travel Association
U.S. Travel Association

David Huether, senior vice president of research and economics at the U.S. Travel Association, reacts to the latest trade data released Wednesday by the Department of Commerce:

"Up for the seventh time in the past 10 months, travel exports rose to $15.2 billion in October 2013, up 10 percent from October of last year.

"The October rise in travel exports continues a watershed year for international travel spending in the United States. Through the first 10 months of this year, travel exports have surged 9.1 percent compared to same period in 2012. This is more than four times faster than the two percent increase in other U.S. exports so far this year. As a result of growing so much faster than other exports, the travel industry has generated 27 percent of the overall increase in U.S. exports so far this year—not bad for an industry that makes up only eight percent of total U.S. exports. To put this into perspective, the travel industry has generated more than twice as much export growth so far this year as the oil and gas industry.

"With world-class destinations and competitively priced goods and services, the U.S. travel industry is attracting a record number of foreign visitors to our shores this year, and their spending while visiting our country is one of the key reasons why the travel industry has been creating jobs faster than the rest of the economy over the past few years. To build on this success, we urge policymakers to support critical proposals to boost travel, such as the JOLT Act, which would increase international spending in the U.S. and create more American jobs."

Huether is available for further analysis and comment.

Contacts:
Cathy Keefe, (O) 202-408-2183, (C) 703-899-7031
Chris Kennedy, (O) 202-218-3603, (C) 202-465-6635

The U.S. Travel Association is the national, non-profit organization representing all components of the travel industry that generates $2.0 trillion in economic output and supports 14.6 million jobs. U.S. Travel's mission is to increase travel to and within the United States.
Visit www.ustravel.org.
Follow us on Twitter @ustravel.

Feedback Messaging & Feedback
We welcome your opinion! Log In to send feedback.
Already a member?
Login
Log In
Not yet registered?
Login
Sign Up
Need More Information?
Information
Benefits
 
  RSS Feed
RSS Feed
Policies
Contact Us
Mobile Version