According to the latest data from the National Travel and Tourism Office ( NTTO ), international visitors spent $19 billion on travel to and tourism-related activities in the United States in November 2023. This represents a growth of over 21% compared to November 2022 and is the highest monthly spending since December 2019. Additionally, the current level of monthly US travel and tourism exports is just $1.8 billion below the previous peak reached in March 2018, when international visitors spent $20.8 billion experiencing the United States.
In November, Americans had a trade surplus of $651 million due to their expenditure of $18.3 billion on international travel. This marks the fifth month in a row that the United States has enjoyed a trade surplus in the travel and tourism sector.
From January to November 2023, foreign tourists have contributed over $192.7 billion to the U.S. economy through their expenditures on travel and tourism-related products and services. This marks a growth of approximately 29 percent compared to 2022. On average, international visitors have been injecting nearly $577 million into the US economy each day during this period.
In November 2023, the exports from the US travel and tourism sector made up 22.1% of U.S. services exports and 7.5% of overall US exports, including goods and services.
Composition of Monthly Spending (Travel Exports)
Travel Spending
In November 2023, international visitors spent $10.8 billion on travel and tourism-related goods and services in the United States, marking a 25 percent increase from November 2022. These expenditures encompass food, lodging, recreation, gifts, entertainment, local transportation within the United States, and other incidental items associated with foreign travel. Travel receipts constituted 57 percent of total US travel and tourism exports for November 2023.
Passenger Fare Receipts
In November 2023, US airlines collected $3.3 billion in fares from international travelers, showing a 24 percent increase compared to November 2022 when the amount was $2.7 billion. These funds indicate the expenses incurred by foreign nationals for international flights operated by US air carriers. Passenger fare receipts constituted 18 percent of the total US travel and tourism exports in November 2023.
Medical/Education/Short-Term Worker Spending
In November 2023, the total spending for educational and health-related tourism, as well as expenses by border, seasonal, and other temporary workers in the United States, amounted to $4.8 billion. This reflects a 12 percent increase compared to the previous year’s total of $4.3 billion in November 2022. Additionally, expenditures on medical tourism, education, and short-term workers contributed to 25 percent of the overall US travel and tourism exports for November 2023.
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