#ntto

China using soft power to fight Trump’s and Republican trade war; Chinese tourists dollars. 

“For Beijing, Chinese tourists are a simple yet powerful foreign policy tool.”, The Diplomat

FACTS: Why it Matters?

2.97 million Chinese tourists traveled to the US in 2016, spending a total of $33 billion,  US Commerce Department 

“Chinese tourism is a big deal for Los Angeles. China is driving more than one billion dollars into the city’s economy ANNUALLY.”, Kathy Smits, Vice President International Tourism

“Chinese visitors already spend more in the U.S. than other international visitors, at roughly $7,200 per person, according to the U.S. Travel Association”, AP News

“Chinese tourist arrivals are forecast to reach 4.5 million by 2022 by the U.S. National Travel and Tourism Office. Were they to spend just 10 percent per person more than they did in 2016, that would amount to almost $56 billion”, Reuters -  Chinese visitors can hit nerve tariffs don’t reach 

The Big Picture: Economy and Jobs #TrumpSlump

“Despite the growth in the global tourism, the U.S. share of the market has declined roughly 13% over the past few years. International visitors have declined 7.4 million over that time period.”,  NASDAQ.com - June 13, 2018

15 U.S. Cities Losing Millions in Tourism Business Under Donald Trump, The Cheat Sheet -  June 8, 2018

“Economic data proved the new president’s first year in office was dreadful for the industry, with $32 billion in revenue and 40,000 jobs lost.”, The Cheat Sheet -  March 10, 2018

Foreign tourism is America’s $236 billion export, supporting 2.5 million U.S. jobs. 

“Foreigners spend $100 billion more each year visiting the U.S. than they spend importing our crops, meats, and dairy.”

“They spend nearly five times more visiting the U.S. than they spend buying our movies, software, video games, music, and other IP.”, Business Forward -  June 4, 2018 

America, food for thought!

“If the US wants to reduce its trade deficit, it should attract more Chinese tourists“

US NTTO Dept updates import, export estimates for 1999-2013

NEW YORK:  The U.S. Department of Commerce, National Travel and Tourism Office (NTTO), has updated its website to provide the new restructured and revised travel and tourism export and import estimates for 1999-2013 as issued by the U.S. Department of Commerce, Bureau of Economic Analysis (BEA).

The impact of these revisions now means that international travel exports for the U.S. totaled $214.8…