International inbound travelers spent nearly $16.8 billion on travel to, and tourism-related activities within, the U.S. in March, according to the National Travel and Tourism Office, up more than 49 percent year over year.
International traveler purchases of food, entertainment, gifts and other travel and tourism-related goods and services totaled $9.7 billion in March 2023, up nearly 77 percent year over year.
Americans traveling abroad spent a record $17.4 billion. Last month, Americans also spent a record $17.4 billion traveling abroad.
For the month of March, the U.S. experienced a travel trade deficit of $572 million. Out of seven of the last eleven months, the U.S. has run a travel trade deficit, according to the National Travel and Tourism Office. Prior to July 2021, the U.S. never recorded a monthly travel trade deficit.
To date this year, international travelers have spent nearly $49.1 billion on U.S. travel and tourism-related goods and services, up 61 percent year over year. International visitors have injected, on average, more than $545 million a day into the U.S. economy year to date.
Tags: travel spending