Administration's Efforts to Promote Travel and Tourism Are Working
The Obama Administration's number one priority is to strengthen our economy, create jobs, and restore economic security for the middle class. One way to help strengthen the economy is to make the U.S. the top destination for international visitors. Since the President issued an Executive Order  in January and the National Travel and Tourism Strategy  was subsequently released by this Administration in May, the Departments of Commerce, Homeland Security, Interior, and State have put a priority on expanding travel to and within the U.S., while remaining vigilant in protecting our national security. Today, we learned that these efforts are working. The U.S. Department of Commerce announced that international visitors spent an estimated $13.7 billion on travel to, and tourism-related activities within, the United States during the month of July--$350 million (3 percent) more than was spent in July 2011. Travel and tourism-related exports have increased, on average, more than $1.1 billion a month during the first seven months of 2012. Also today, the Bureau of Economic Analysis (BEA) released estimates for the second quarter 2012 from their Travel and Tourism Satellite Accounts . These accounts present a detailed picture of travel and tourism activity and its role in the U.S. economy, including estimates of spending by travelers in six categories of goods and service as well as estimates of the employment generated by travel and tourism and related industries. Today's data reveal that real spending on travel and tourism increased at an annual rate of 2.1 percent in the second quarter of 2012 after increasing 4.9 percent (revised) in the first quarter of 2012, supporting 7.6 million jobs. Recent visitors can access the newly redesigned recreation.gov , the federal government's one-stop shop for trip planning and reservations on public lands, such as national parks, wildlife refuges, waterways, forests and recreation areas. This year alone, more than 6 million people have visited the site to learn more about exploring America's great outdoors. A key feature of the new site is suggested travel itineraries to several top destinations for international visitors - Denver, Las Vegas, Miami, Los Angeles and San Francisco. These pre-planned circuits encourage travelers to expand their itineraries by one or more days to take in lesser-known destinations. Longer visits and more expansive itineraries will translate to more tourism dollars and more jobs in the leisure and hospitality industry throughout the U.S. read more
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here