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U.S. Travel Spending Reaches $21 Billion in September 2024

2024-11-08 19:37:49.118000

In September 2024, international visitors spent approximately $21 billion in the United States, reflecting a 7% increase from the same month in 2023. This surge in spending significantly boosted the U.S. travel sector, contributing to a trade surplus of $608 million as American travelers spent over $20.4 billion abroad during the same period [9aa1e824]. The year-to-date contributions from international visitors reached nearly $189.3 billion, marking a 14% growth compared to 2023 [9aa1e824]. The average daily spending by international visitors was around $693 million, underscoring the economic impact of tourism [9aa1e824]. Overall travel spending was reported at $11.9 billion, which is an 11% increase from $10.7 billion in September 2023 [9aa1e824]. However, U.S. airlines reported a decline in earnings from international passenger fares, bringing in $2.9 billion, down from $3.1 billion the previous year, indicating challenges within the airline sector [9aa1e824]. Additionally, spending on education, healthcare, and short-term work by international visitors reached $6.2 billion, a 7% increase from the previous year [9aa1e824]. Notably, travel and tourism exports accounted for 22.9% of total U.S. services exports in September, highlighting the sector's crucial role in the U.S. economy [9aa1e824].

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