US travel exports outpace all other exports

trave;ex[prt
trave;ex[prt
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Written by Linda Hohnholz

WASHINGTON, DC – “Although travel exports edged down slightly in July to $19.1 billion, travel imports remained essentially unchanged at $12.4 billion, resulting in a continuing healthy travel trade

WASHINGTON, DC – “Although travel exports edged down slightly in July to $19.1 billion, travel imports remained essentially unchanged at $12.4 billion, resulting in a continuing healthy travel trade surplus of $6.7 billion,” said David Huether of the US Travel Association, commenting on travel export data.

David Huether, senior vice president for research and economics at the US Travel Association, further commented on today’s trade data released by the Commerce Department’s Bureau of Economic Analysis:

“Compared to July 2013 travel exports are up 8.1 percent—more than double the 3.9 percent rise in other exports of goods and services over the previous 12 months. Not only did travel exports account for 9.7 percent of total US exports in July 2014, they comprise nearly a fifth of the overall $8.1 billion increase in U.S. exports during the past year.

“Travel is a vital engine of economic growth for our country. To build on this success, it is essential for Congress to pass pending legislation such as the JOLT Act and Brand USA reauthorization to make it easier for international visitors to come to the US, inject their spending into local economics across the country and create more good American jobs.”

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Avatar of Linda Hohnholz

Linda Hohnholz

Editor in chief for eTurboNews based in the eTN HQ.

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