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Cash That Goes Abroad

Cash That Goes Abroad image
Parent Issue
Day
28
Month
June
Year
1893
Copyright
Public Domain
OCR Text

It becomes interesting to inquire how many American tomists uaually go to Enrope every sommer and return in the fall, and mach money they spend on their travols. .lust i year ago the San Eranciaco Argonaut collected stalistics on the Bnbject, whlcli we published at the time of tlie spring hegira t Europe, in order to give point to au argument in favor of domestic travel. It appeared that about 90 per cent. of the cabin passengere arriving at New Vork from Europe were Americana returning from a foreign tuur; in other words, the total arrivals of cabin pasers at New York being 100,000, that 80,000 Americana visit Europe in the course of a year, mainly on pleaaure bent. It further appeared thal . traveling Americana spent for their voyage acrosa the ocean an average of $100 each, or $200 for the round trip, which would give $1(1,000,000 for ocean trans portation tor the whole. As all the passenger Bteamships were sailing ander foreign flags, this sixteen milliona went into foreign pockets. How much American travelera spend in traveling through Europe varĂ­es so mach that it is difficult to strike an average. College professors, young ladies traveling alone, young men of limited means bul bent on seciiij: the world, often make a basty tour to Enrope covering flfty or Bixty daysfor$500 a head. Men who have means, and want to enjoy themselves, rarely Qnd that the eau eul down their expenses below $20 a day. And rich men, of whom there is a prodigious Qutnber in Europe every season, put their minimum expense al $10,000 for a four months' trip tor a party of three. [f we say that the average expenditure of AmeriJan travelera in Europe is 15 i day per head, and the average length of tibe trip. four months, or L20 days, we arrive at the result that the aggregate pxpenditure of the toarists amounts to the enormous sum of il 14,000,000. Add to this !fii,()00,000 for ocean transpor tation, and the total outlay of money liy Americans in Europe eacn season is $160,000,000.

Article

Subjects
Old News
Ann Arbor Courier