Posts Tagged 'travel and tourism'



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.

Travel and Tourism Spending Decelerated in the Second Quarter of 2013

Real spending on travel and tourism decelerated in the second quarter of 2013, increasing at an annual rate of 2.5 percent after increasing 7.3 percent revised) in the first quarter of 2013.

Real Tourism Spending. Real spending on transportation goods and services decelerated, increasing 5.1 percent in the second quarter of 2013 after increasing 13.4 percent in the first quarter. Real spending on “traveler accommodations” turned down, decreasing 0.2 percent in the second quarter after increasing 4.6 percent in the first quarter. Business travelers’ spending continued to increase in the second quarter.ttsa_1

Tourism Prices. Prices for “passenger air transportation” decreased 8.4 percent in the second quarter of 2013 after decreasing 0.6 percent in the first quarter. Fuel costs decreased from their previous highs. Prices for “all other transportation-related commodities” decreased 11.1 percent in the second quarter after decreasing 3.5 percent in the first quarter. ttsa_2

Tourism Employment. Employment in the travel and tourism industries accelerated in the second quarter of 2013, increasing 3.4 percent after increasing 2.3 percent in the first quarter. The primary contributors to the acceleration in employment were “food services and drinking places” and “air transportation services.”ttsa_3

To learn more, read the full report.