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US foreign spending rose 63% in January

US foreign spending rose 63% in January

Disclosure / Pixabay

International visitors spent $8.2 billion in the country in January

Recently released data from the National Travel and Tourism Office (NTTO) shows that in January 2022 international visitors spent $8.2 billion on travel and tourism-related activities in the United States, a 63% increase from January 2021.

Americans spent more than $7.5 billion on travel abroad, resulting in a trade surplus of $721 million for the month, the third consecutive month that the United States has a travel and tourism trade surplus.

Travel exports of US$8.2 billion in January 2022 were lower than US$10.4 billion in December 2021 and US$9.6 billion in November 2021, but up from US$7.1 billion in October 2021.

Configure monthly expenses (travel exports)

travel recipes

  • Purchases of travel and tourism-related goods and services by international visitors traveling to the United States totaled $3.5 billion in January 2022 (compared to $1.1 billion in January 2021), an increase of approximately 207% over the previous year.
  • From a pre-pandemic perspective, travel revenue totaled $11.7 billion in January 2019. These goods and services include food, lodging, entertainment, gifts, entertainment, and local transportation in the United States and other items related to travel to the United States outside the United States. .
  • Travel revenue made up 42% of total US travel and tourism exports in January 2022.

Passenger receipts

  • The total fares received by US airlines from international visitors were nearly $1.4 billion in January 2022 (compared to $690 million in January 2021), an increase of more than 101% from the previous year.
  • From a pre-pandemic perspective, the United States exported nearly $3.3 billion in passenger air services in January 2019. This revenue is the expenditures of foreign visitors on international flights on U.S. carriers.
  • Passenger fare revenue accounted for 17% of total US travel and tourism exports in January 2022.

Medical expenses / education / short term factor

  • Total spending on education and health tourism, along with all spending by frontier, seasonal, and other short-term workers in the United States, was approximately $3.4 billion in January 2022 (compared to $3.2 billion in January 2021), an increase It is more than 4% over the previous year.
  • From a pre-pandemic perspective, this spending totaled $4.8 billion in January 2019.
  • Medical tourism, education, and short-term labor spending made up 41% of total US travel and tourism exports in January 2022.
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