Record-Setting International Visitor Spending in November 2024
Data recently released by the National Travel and Tourism Office (NTTO) show that in November 2024:
- International visitors spent a record-setting $21.8 billion on travel to, and tourism-related activities within, the United States during the month of November, an increase of nearly 9 percent compared to November 2023.
- Conversely, Americans spent $21.3 billion traveling abroad during November, yielding a $435 million balance of trade surplus for travel and tourism-related goods and services.
- International visitors have spent nearly $231.6 billion on U.S. travel and tourism-related goods and services year to date (January through November 2024), an increase of 13 percent when compared 2023; international visitors have injected, on average, $693 million a day into the U.S. economy year to date.
- U.S. travel and tourism exports accounted for 22.7 percent of U.S. services exports during November 2024 and 8 percent of all U.S. exports, goods and services alike.
Composition of Monthly Spending (Travel Exports)
- Travel Spending
- Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $12.3 billion during November 2024 (compared to $11.2 billion in November 2023), an increase of nearly 10 percent when compared to the previous year. These goods and services include food, lodging, recreation, gifts, entertainment, local transportation in the United States, and other items incidental to foreign travel.
- Travel receipts accounted for 57 percent of total U.S. travel and tourism exports in November 2024.
- Passenger Fare Receipts
- Fares received by U.S. carriers from international visitors totaled $3.2 billion in November 2024 (compared to $3.1 billion in the previous year), up 3 percent when compared to November 2023. These receipts represent expenditures by foreign residents on international flights provided by U.S. air carriers.
- Passenger fare receipts accounted for 15 percent of total U.S. travel and tourism exports during November.
- Medical/Education/Short-Term Worker Spending
- Expenditures for educational and health-related tourism, along with all expenditures by border, seasonal, and other short-term workers in the United States totaled $6.3 billion in November 2024 (compared to $5.7 billion in November 2023), an increase of more than 10 percent when compared to the previous year.
- Medical tourism, education, and short-term worker expenditures accounted for 29 percent of total U.S. travel and tourism exports in November 2024.
Interested in an interactive data visualization of these statistics? Please visit our Monthly Travel Trade Monitor for a more comprehensive and customizable experience.
Tags: US DOT
