The latest press release from the International Trade Administration (ITA) offers a glimmer of hope in these tough times: International tourism is up - by a lot. Here are the facts, announced by the U.S. Department of Commerce, found in the ITA press release:
+ 5.4 million international visitors traveled to the United States in the
month of July 2008, an increase of 2 percent over July 2007, and spent
a record $12.7 billion, marking a 21 percent increase over July 2007.
+ Combining the first seven months of 2008, visitation was up an
impressive 10 percent compared to 2007.
+ Overseas arrivals (excluding
Canada and Mexico) increased 10 percent for the month compared to July
2007 and 10 percent YTD.
+ Visitation from Canada was up 2 percent for the month and 14 percent YTD, and visitation from Western Europe increased 19 percent in July and 17 percent YTD.
+ Arrivals from the United Kingdom were up 8 percent in July and 8 percent YTD.
+ In July, large growth rates were recorded from: Denmark, up 25
percent; France, up 31 percent; Germany, up 13 percent; Ireland, up 15
percent; Italy, up 29 percent; the Netherlands up 26 percent; Spain, up
42 percent; and Switzerland, up 28 percent. Eastern Europe generated a
12 percent increase in arrivals for July 2008.
+ Arrivals from South America were up 8 percent in July and 14 percent YTD.
+ Overall visitation from Asia
is up 30 percent YTD.
While I know it's probably because the dollar is weak and buying
clothes and shoes on the cheap is worth the price of a plane ticket to
these folks, I do think this is a positive development. If locals are pinching pennies, at least international visitors are putting money back into our economy. What do you think? Good news?
--Amanda Fretheim Gates
Managing Editor
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