Posts Tagged 'Tourism Employement'

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 4th Quarter 2012

Real Tourism Spending.  Real spending on “traveler accommodations” accelerated, increasing 9.4 percent in the fourth quarter of 2012 after increasing 5.3 percent in the third quarter.  Real spending on “food services and drinking places” also accelerated, increasing 8.6 percent in the fourth quarter after increasing 0.6 percent in the third quarter.

Quarterly Growth in Real Tourism Spending

Quarterly Growth in Real Tourism Spending

Tourism Prices.  Prices for “passenger air transportation” turned up, increasing 0.8 percent in the fourth quarter after decreasing 11.5 percent in the third quarter.  Prices for “traveler accommodations” decreased 0.5 percent in the fourth quarter after decreasing 8.2 percent in the third quarter.

Quarterly Growth in Tourism Prices

Quarterly Growth in Tourism Prices

 

Tourism Employment.  Employment in the travel and tourism industries decelerated in the fourth quarter, increasing 0.4 percent after increasing 1.3 percent in the third quarter.  The deceleration was more than accounted for by a downturn in “food services and drinking places.

Quarterly Growth in Tourism Employment

Quarterly Growth in Tourism Employment

 

You can learn more about travel and tourism spending here.


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