IN THE NEWS: MEETINGS AND CONVENTIONS – Spending by International Visitors Down Sharply in U.S. in 2017

The U.S. Travel Association noted that the travel sector outperformed overall U.S. export growth during the prior five years; the industry generated an $87 billion trade surplus in 2016, without which the U.S. trade deficit that year would have been 17 percent higher. Overall, the U.S. travel industry supports 15.3 million unexportable American jobs. “For our country to have any hopes of closing the trade gap, international inbound travel must perform, simple as that,” said Roger Dow, president and CEO of U.S. Travel. “After almost a decade and a half of relatively sustained post-9/11 recovery, since 2015 there’s been evidence that the country has gotten complacent with the policies needed to support this vital economic engine and job creator.”

Original article found here.