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posted on 21 August 2017

U.S. Inbound Travel And Tourism Is America's Most Valuable Export Service


-- this post authored by Dyfed Loesche

It seems that when it comes to the economy, all eyes are on production and manufacturing.

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However, there is one sector of the economy that's really successful in reining in the U.S. balance of trade deficit, but somehow still flies under the radar: Inbound travel & tourism to the U.S. (counts towards export services).

According to figures released by the National Travel and Tourism Office (NTTO), the balance has dipped year-over-year by 14 percent, from plus $97.2 billion in 2015 to $83.9 billion in 2016. This is a trend that shouldn't continue.

Infographic: U.S. Inbound Travel & Tourism is America's Most Valuable Export Service | Statista You will find more statistics at Statista.

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