Tuesday, 28 Mar 2023

US Travelers' Spending Abroad Reaches All-Time High

Americans are spending more traveling abroad than they did even before the pandemic.

US Travelers' Spending Abroad Reaches All-Time High

Americans spent a record $15.8 million on international travel-related tourism activities in January, according to the latest data from the National Travel and Tourism Office's (NTTO) monthly travel trade monitor.

That figure is higher than any other single month leading up to the pandemic's outbreak in January 2020.

Additional agency data shows that U.S. citizen air passenger departures from this country to foreign countries reached 4.283 million in January, which was a 75 percent increase over January 2022. That figure also surpasses January 2019 volume by 7 percent.

International visitors arriving in the United States meanwhile, spent about $14.7 billion on travel to the U.S. and tourism-related activities within this country during the same month. That's a 63.9 percent year-over-year change. Of that amount, the spending solely within the United States by international visitors amounted to $7.9 billion, which is 114.4 percent higher than a year earlier.

The difference between Americans' spending abroad and international visitors' spending in this country amounts to a $1.1 billion deficit, according to the agency.

Total air passenger travel, which includes both arrivals and departures between the United States and other countries for January, was led by Mexico, with 3.4 million trips, followed by Canada at 2.1 million and the United Kingdom at 1.16 million.

The data regarding American travel abroad supports another recent report, this one from TripIt, which found that Americans are very optimistic about travel in 2023 and are not letting inflation impact their travel plans.

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