Good news for the US travel industry. Favorable exchange rates are driving a significant increase in year over year tourism to the US. As shown in the chart below, spending is at an all time high.
International visitors spent an estimated $68.4 billion traveling to and spending time in the United States in the first five months of this year, an increase of 12% from the same period last year.
Chart: Monthly US Visitor Spending (US Office of Travel and Tourism Industries)
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