US travel

December 2023: A Historic Month for US Tourism with $19.5 Billion Earnings

In December 2023, international visitors spent an unprecedented $19.5 billion on travel and tourism within the United States.

This represents a significant 22% increase compared to December 2022, marking the highest monthly spending since the pre-COVID era of December 2019.

According to the National Travel and Tourism Office (NTTO), this surge brings the monthly U.S. travel and tourism exports tantalizingly close to the record $20.8 billion set in March 2018. The data underscores a robust recovery and growing interest in the U.S. as a premier travel destination.

Meanwhile, American spending on international travel amounted to $18.9 billion in the same period. This resulted in a trade surplus of $544 million for the U.S., continuing a six-month streak of surpluses in the travel and tourism sector.

December 2023 International Inbound Visitor Spending in USA

Throughout 2023, international tourists have injected over $212.2 billion into the U.S. economy through travel and tourism-related purchases. This marks an impressive increase of over 28% from 2022, averaging more than $581 million in daily contributions to the economy.

Travel and tourism exports accounted for a significant 22.4% of all U.S. services exports in December 2023, highlighting the sector’s vital role in the overall U.S. export economy.

In detail, December’s travel spending by international visitors on tourism-related goods and services in the U.S. reached $11.3 billion, up 28% from the previous year. Travel receipts made up 58% of the total U.S. travel and tourism exports for the month.

Passenger fare receipts from international visitors on U.S. carriers also saw a rise, totaling $3.4 billion in December 2023, a 24% increase from December 2022. This accounted for 17% of the month’s total travel and tourism exports.

Additionally, spending on medical, educational, and short-term worker activities in the U.S. by international visitors totaled $4.8 billion in December 2023. This segment, which saw an 11% increase from the previous year, represented 25% of the month’s total U.S. travel and tourism exports.

Newsletter subscription

Sign up to receive FTNnews Newsletter

Subscribe to get the latest travel news by email

We don’t spam! Read our privacy policy for more info.

 

 
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
Scroll to Top