The Nation - News from July 21, 1987

Foreigners visiting the United States spent 12% more on travel and air fares in 1986 than in 1985, helping cut the U.S. foreign travel deficit to just over $8.5 billion for its first drop in four years, the Commerce Department reported. The department said in its latest Survey of Current Business that foreigners spent $15.9 billion on travel and air fares last year, up from $14.2 billion the year before. In contrast, U.S. travelers raised their expenditures only 3%, to $24.5 billion, in 1986.