IN THE NEWS: SKIFT – International Visitor Spending in U.S. Dropped for Second Consecutive Year

Since this post's publication, data has been updated. To view current international travel data review here

The numbers considered travelers’ spending on food, lodging, souvenirs, entertainment, and transportation during their trips. The spending drops in 2016 and 2017 marked the first time since 2002 and 2003 that international visitor spending in the U.S. fell for two consecutive years, according to the U.S. Travel Association.

The U.S. wasn’t as affordable last year as it has been in recent years for top visitor markets in Europe, Brazil, and Japan as the U.S. dollar continues to improve.

The U.S. Travel Association, in a statement, said that the international visitor spending slump is a stark contrast to 2010 to 2015 when such spending grew by 48 percent —more than twice as fast as the 21 percent increase in other exports of U.S. goods and services.

“Simply put, sustained declines in international visitor spending mean fewer U.S. jobs and less revenue for public services throughout states and local economies, said
Patricia Rojas-Ungár, U.S. Travel’s vice president for public affairs. “International travel is our country’s No. 1 service export, and 15.3 million American workers depend on a healthy travel industry for their employment.”

Original article found here.