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For Immediate
Release
Contact: Monica Hill, 202-482-3809
Monday, October 30, 2000
Commerce
Predicts Record Number of International Travelers
to the U.S. in 2000 Through The Year 2003,
Fueling U.S. Job Increases and Economic Growth
Washington,
D.C. A record setting 52.7 million international
travelers will visit the United States this year, pumping almost
$106 billion into the American economy, according to a revised international
travel forecast released today by the U.S. Department of Commerce's
Office of Tourism Industries. The inbound travel forecast predicts
the number of arrivals this year will increase by 4 million or 9
percent over 1999, with continued healthy growth through 2003.
"We expect
that this year will mark the eleventh consecutive year of a trade
surplus in inbound travel to the United States," said Commerce Secretary
Norman Y. Mineta. "International travel to America is one of our
top exports, helping fuel a robust economy and supporting more than
1.1 million U.S. jobs in a range of industry sectors."
Tourism is
America's fourth largest export category, and the Tourism Industries'
forecast shows continual growth in international travel to the U.S.
from 2000 through 2003. Last year, 48.5 million international visitors
contributed $95 billion in revenues to the U.S. economy. In three
years, the number of international visitors to the U.S. is expected
to grow to 62.7 million--generating $136 billion in export revenue.
"This is an
outstanding contribution to the future health of our economy underscoring
the magnitude of the tourism and travel industry," said Deputy Assistant
Secretary for Tourism Industries Leslie Doggett.
Continued economic
growth in Europe and Asia is the key to U.S. visitor arrivals. Europe
is projected to see its seventh straight year of increased visitation
to America, maintaining their role as the top generating overseas
region. Visitors from Europe are expected to surpass 14 million
by 2003, an increase of 25 percent over 1999. Asian visitors are
forecasted to almost reach 9.7 million by 2003, or a 39% growth
over the 1999 arrivals total.
During that
same period, visitors from South America are projected to reach
3.3 million, while the number of travelers from Central America
could reach 1 million. Arrivals from Canada should continue to show
growth for the next five years, reaching 17.4 million.
The forecast
data reflect current world economic indicators and use a relationship
between past historical international arrival levels to project
upcoming visitation for the next several years. The data will be
used by the U.S. travel industry to develop strategic analyses of
plans to attract even greater numbers of travelers and to expand
the export earnings generated from international travel to the country.
The forecast
covers more than 30 countries and all world regions. It will be
available on the Tourism Industries Internet site at (http://tinet.ita.doc.gov).
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