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International Traveler Spending Hits New HighJuly 12, 2006 By: Camie Foster Travel Agent
International travelers are spending more than $2 million a day, according to the World Tourism Organization (UNWTO). According to the organization, in 2005 global travelers spent about $682 billion internationally. This represents an increase of $49 billion, or 3.4 percent, from 2004 tallies. UNWTO says that if transportation spending of $130 billion is added, the total spent on international travel rises beyond $800 billion, representing 6 percent of the global export of all goods and services.