The latest data recently released by the National Travel and Tourism Office (NTTO) indicates that international visitors spent $21.2 billion for travel and tourism-related activities in the United States in June 2024. This NTTO figure represents an increase of over 14 percent when compared to June 2023.
In contrast, during June, Americans spent over $20.8 billion for international travel, resulting in a modest trade surplus of $360 million in the travel and tourism sector.
Year to date, from January to June 2024, international tourists have contributed approximately $126.2 billion to US travel and tourism-related goods and services, reflecting a 17 percent increase compared to 2023.
On average, international visitors have infused nearly $697 million daily into the US economy thus far this year.
In June 2024, travel and tourism exports from the United States represented 23.1 percent of the country’s services exports and constituted 8.0 percent of the total US exports, encompassing both goods and services.
In June 2024, international visitors in the United States spent a total of $11.7 billion on travel and tourism-related goods and services, marking a significant increase from $10.0 billion in June 2023, which represents a 16 percent rise year-over-year. This expenditure encompasses a variety of items, including food, accommodations, recreational activities, gifts, entertainment, local transportation within the United States, and other incidental expenses associated with foreign travel.
Travel receipts constituted 55 percent of the overall U.S. travel and tourism exports for that month.
In June 2024, U.S. airlines generated $3.5 billion in fares from international travelers, an increase from $3.0 billion in the same month the previous year, reflecting a 17 percent rise compared to June 2023. This revenue is derived from the spending of foreign residents on international flights operated by U.S. carriers.
Passenger fare receipts constituted 17 percent of the overall U.S. travel and tourism exports for that month.
In June 2024, expenditures related to educational and health tourism, as well as all spending by border, seasonal, and other temporary workers in the United States, reached a total of $6.0 billion, marking an increase from $5.5 billion in June 2023. This represents a growth of 9 percent compared to the previous year.
The expenditures on medical tourism, education, and short-term workers constituted 28 percent of the overall travel and tourism exports from the United States in June 2024.
