US TRAVEL EXPENDITURE ABROAD

Although the previous peak in the number of US travellers overseas, 6933000 in 1973, was surpassed in 1977, when they numbered 7390000, closer analysis of the 1977 data published by the Department of Commerce suggest that US overseas travel has still not recovered fully from the effects of the Opec oil price revolution and the recession that revolution intensified. For example, the increase in US travel expenditures abroad was smaller than the increse in total personal spending. Also, while more Americans went abroad, their average stay decreased. Two factors which may have influence the shorter trips are the decreased purchasing power of the American dollar abroad and the increased use of air charters to Europe (Many offered 7-14 day trips while scheduled operator's fare structures encouraged trips over 22 days.)

  • Corporate Authors:

    The Economist Intelligence Unit Limited

    Spencer House, 27 St James's Place
    London SW1A 1NT,   England 
  • Publication Date: 1978

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00196050
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 31 1979 12:00AM