This is a blog for Abington High School's period 4 State of the Union class. On it will be daily updates of current events and analyzations of news articles.
Thursday, September 20, 2012
Tourism About to Set Record in US
The US Department of Commerce Reports that the tourism rate in the United States this year is on pace to set a new record. It is reported that over 1.1 billion dollars was made every month on travel and tourism related activities. It is also reported that tourism is one of the only "bright spots" in the economy. Analysts say that the increase in tourism is due to the slowly declining drop in the dollar value. The ravel industries growth is responsible for 12% of the economy's overall export gains so far in 2012, as opposed to 6% in 2011.When foreign tourists buy goods in the United States and bring them back home, it's considered an export. In 2011, 10.6 million tourists visited New York City from foreign countries, up from 6.8 million in 2000. Also the mayor of New York City has commented on the situation and said that the tourism has created thousands of jobs for people in the city.
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