Archive for the 'Travel and Tourism' Category



Second Quarter 2014 Travel and Tourism Spending Data to Be Released Sept. 18

Statistics on what Americans and foreigners spent on travel and tourism in the United States in the second quarter of 2014 will be released Thursday, Sept. 18 by the Bureau of Economic Analysis (BEA).

The statistics, part of BEA’s Travel and Tourism Satellite Accounts, provide a breakdown of the various components of travel and tourism spending, including lodging, meals, air travel, and shopping. The statistics will also provide data on employment in the tourism industry.

These statistics, which will be available at 8:30 a.m. eastern time on BEA’s website (www.bea.gov) and by email subscription, can be used for the following purposes:

  • To assess the effects of travel and tourism on the U.S. economy
  • To compare national trends to locally observed trends
  • To examine the relationship among the travel and tourism industries
  • To compare travel and tourism industries to other industries.

These statistics are supported by funding from the Office of Travel and Tourism Industries, International Trade Administration, U.S. Department of Commerce.

Travel and Tourism Spending Accelerated in the Fourth Quarter of 2013

Real spending on travel and tourism accelerated in the fourth quarter of 2013, increasing at an annual rate of 4.2 percent after increasing 3.1 percent (revised) in the third quarter of 2013.

Real Tourism Spending.  Real spending on “traveler accommodations” accelerated, increasing 14.5 percent in the fourth quarter after increasing 3.3 percent in the third quarter. The increase was primarily driven by group and corporate revenue growth. Real spending on “food services and drinking places” also accelerated, increasing 7.7 percent in the fourth quarter after no change in the third quarter.RealTourismSpending_4q13

Tourism Prices.  Prices for “traveler accommodations” decreased 8.0 percent in the fourth quarter, after decreasing 3.0 percent in the third quarter. In contrast, prices for “passenger air transportation” accelerated, increasing 7.9 percent in the fourth quarter after increasing 5.7 percent in the third quarter. Strong holiday demand was reflected by an increase in passenger unit revenue.TourismPrices_4q13

Tourism Employment.  Employment in the travel and tourism industries accelerated in the fourth quarter, increasing 2.8 percent after increasing 1.8 percent in the third quarter.  The primary contributors to the acceleration in employment were increases in “recreation, entertainment, and shopping” and “transportation.”TourismEmployment_4q13

To learn more, read the full report.

Travel and Tourism Spending Decelerated in the Third Quarter of 2013

Real spending on travel and tourism decelerated in the third quarter of 2013, increasing at an annual rate of 2.5 percent after increasing 3.5 percent (revised) in the second quarter of 2013.

Real Tourism Spending.  Real spending on “passenger air transportation” continued to decelerate, increasing 6.2 percent in the third quarter after increasing 14.8 percent in the second quarter.  Real spending on “food services and drinking places” turned down, decreasing 0.7 percent in the third quarter after increasing 0.8 percent in the second quarter.ttsa_1

Tourism Prices.  Prices for “all other transportation-related commodities” turned up, increasing 9.5 percent in the third quarter after decreasing 12.6 percent in the second quarter, reflecting an upturn in the price of gasoline, which increased during the summer travel season.  Prices for “passenger air transportation” turned up, increasing 5.8 percent in the third quarter after decreasing 8.5 percent in the second quarter.ttsa_2

Tourism Employment.  Employment in the travel and tourism industries decelerated in the third quarter, increasing 1.3 percent after increasing 2.8 percent in the second quarter.  The primary contributors to the deceleration in employment were a downturn in “traveler accommodations” and a deceleration in “food services and drinking places.”ttsa_3

To learn more, read the full report.