The recent announcement that travel and tourism spending has increased means good news for the restaurant industry. International travelers to the United States support more than 1 million travel and tourism jobs.
The Commerce Department recently announced that real travel and tourism spending rose 8 percent in the third quarter of 2010, the greatest quarterly increase since the first quarter of 2004.
The remarkable growth last year is excellent news for small and medium-sized businesses, said Francisco Sãnchez, undersecretary of commerce for international trade. Those businessess represent more than 80 percent of the travel and tourism industry.