Travel from many of the United States' key inbound markets is sensitive to exchange rate movements. This report highlights bilateral currency movements between the U.S. and top-10 inbound markets, and analyzes the varying effects of the rising U.S. dollar on travel spending by visitors from different countries. A particular focus is placed on Canada, our largest and most exchange-rate sensitive inbound market. The main report covers average exchange rates and travel spending through 2015.

An Addendum was added in August 2016 to reflect the effects of currency fluctuations in the first half of 2016, and in particular the effect of Brexit on U.S. visitations from the United Kingdom, our largest overseas inbound market.