Posts Tagged 'Tourism Prices'

Travel and Tourism Spending Decelerated in the Third Quarter of 2015

Real spending (output) on travel and tourism decelerated in the third quarter of 2015, increasing at an annual rate of 4.3 percent after increasing 8.4 percent (revised) in the second quarter of 2015. Real gross domestic product (GDP) also decelerated, increasing 2.1 percent (second estimate) in the third quarter after increasing 3.9 percent.

The leading contributors to the deceleration in the third quarter were “traveler accommodations” and “recreation and entertainment.” Real spending on “traveler accommodations” decelerated, increasing 4.0 percent in the third quarter after increasing 13.5 percent (revised) in the second quarter. Real spending on “recreation and entertainment” turned down, declining 8.1 percent, after increasing 5.6 percent in the previous quarter.

Real Tourism Spending 1216

Tourism Prices. Price growth for travel and tourism goods and services turned down in the third quarter of 2015, decreasing 0.3 percent following an increase of 0.5 percent (revised) in the second quarter.  The downturn was mainly attributable to a downturn in “all other transportation-related commodities,” which includes gasoline, travel arrangements and reservation services, and automotive rental. This commodity group decreased 0.2 percent after increasing 14.4 percent in the second quarter. Prices for “traveler accommodations” turned up in the third quarter, partially offsetting the downturn in prices for “all other transportation-related commodities.”
Tourism Prices 1216

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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