Archive for the 'Travel and Tourism' Category

Travel and Tourism Satellite Account: Fourth Quarter 2016

Real spending (output) on travel and tourism turned down in the fourth quarter of 2016, decreasing at an annual rate of 3.3 percent after increasing 3.7 percent (revised) in the third quarter according to new statistics released by the Bureau of Economic Analysis.

Real Tourism Spending March 15

Prices for travel and tourism goods and services accelerated in the fourth quarter of 2016, increasing 9.1 percent following an increase of less than 0.01 percent (revised) in the third quarter.

Employment in the travel and tourism industries decelerated in the fourth quarter, increasing 0.7 percent after increasing 1.6 percent (revised) in the third quarter.

For more information, read the full report.

Travel and Tourism Spending Accelerated in the Third Quarter

Real Tourism Spending.  Real spending on travel and tourism accelerated in the third real-tourism-spending-1214quarter of 2016, increasing at an annual rate of 5.0 percent after increasing 4.5 percent (revised) in the second quarter according to new statistics released by the Bureau of Economic Analysis.  By comparison, real gross domestic product (GDP) increased 3.2 percent in the third quarter after increasing 1.4 percent in the second.

 

 

Tourism Prices.  Prices for travel and tourism goods and services decreased  in the third quarter of 2016, decreasing 0.5 percent following an increase of 1.4 percent (revised) in thetourism-price-1214 second quarter.  The downturn was mainly attributable to price declines for “traveler accommodations.”   Prices for “food and beverage services” rose, but at a slower pace.

 

 

 

Tourism Employment.  Employment in the travel antour-employment-1216d tourism industries accelerated in the third quarter, increasing 1.8 percent after increasing 1.3 percent (revised) in the second quarter. “Food services and drinking places” was the most significant contributor to travel and tourism employment growth, adding 9,100 employees. “Transportation” added 6,200 employees.

For more information, read the full report.

Travel and Tourism Spending Accelerated in the Second Quarter

ttsa-sept-14Real Tourism Spending.  Real spending on travel and tourism accelerated in the second quarter of 2016, increasing at an annual rate of 4.7 percent after increasing 1.2 percent (revised) in the first quarter, according to new statistics released by the Bureau of Economic Analysis.  By comparison, real gross domestic product (GDP) increased 1.1 percent in the second quarter of 2016 after increasing 0.8 percent in the first.

tourism-prices-sept-14Tourism Prices.  Prices for travel and tourism goods and services decelerated in the second quarter of 2016, increasing 1.7 percent following an increase of 3.1 percent (revised) in the first quarter.  The deceleration was mainly attributable to a downturn in prices for “passenger air transportation” and “traveler accommodations.” “All other transportation” prices accelerated.

tourism-employment-sept-14Tourism Employment.  Employment in the travel and tourism industries accelerated in the second quarter, increasing 1.4 percent after increasing 0.4 percent in the first quarter.   “Food services and drinking places” was the most significant contributor to travel and tourism employment growth, adding 5.6 thousand employees. “Recreation and entertainment” added 5.2 thousand employees.

For more information, read the full report. 


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