David Huether, senior vice president of research & economics at the U.S. Travel Association, provides analysis on the latest trade knowledge released by the Department of Commerce:
Travel exports rose to $15.3 billion in November 2013, increasing for the eighth time historically eleven months. International travel spending in the U.S. has surged very 9 percent so far this year, very times faster than the two.3 percent increase in other U.S. exports of goods & services. As a result, the travel industry has generated 24 percent of the general increase in U.S. exports through November compared to the same timeframe last year impressive for an industry that makes up only eight percent of total U.S. exports.
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