The travel and tourism industry in the United States grew faster than the overall economy in 2015. Specifically:
- Real output of the travel and tourism industry increased 4.7% in 2015, faster than the 2.4% growth of overall real GDP.
- Several components of the travel and tourism industry accelerated in 2015, including traveler accommodations, international passenger air transportation, and food and beverage services.
- Overall prices for tourism goods and services decreased 3.1% in 2015, driven largely by a 26.7% decline in gasoline prices. However, prices increased for most individual tourism commodities.
International Tourism Marketing: An Analysis on Xinjiang Uygur Autonomous Reg...IOSRJBM
As XUAR international tourism industry is improving gradually, we should see there are still serious problems in its industrial structure performance. With shift-share method, Pearson Correlation method and Principal component method, based on data of XUAR international tourism foreign exchange incomes from 2006 to 2015, this paper empirically analyzes each sector of XUAR international tourism and its industrial structure performance, as well as problems in sectors of transportation, sightseeing, accommodation, cater, commodity sales and entertainment. Meanwhile this paper also puts forward solutions to increase the benefit of XUAR international tourism industry.
Destination Promotion: An Engine of Economic Development FormazioneTurismo
Gli investimenti nel marketing del turismo fanno cresccere anche gli altri settori (secondo la ricerca della Destination & Travel Foundation, condotta da Oxford Economics)
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
The document is the 2016 report from the Organisation for Economic Co-operation and Development (OECD) on tourism trends and policies. It analyzes recent trends in international tourist arrivals and the tourism economy. The report also examines important policy issues for governments such as governance, strategic development, competitiveness, transport connectivity, and the sharing economy's impact on the tourism sector.
The document provides an economic outlook from the Ministry of Economy of Turkey for January 2016. It includes macroeconomic forecasts from international organizations showing Turkey's GDP growth expected around 3% in 2015-2016. The medium term program targets 4.5% GDP growth in 2016 with a reduced current account deficit. Exports decreased 8.4% in the first 11 months of 2015 while imports decreased 14.1%. Top exports include vehicles, machinery, precious metals and textiles, while machinery, intermediate goods and consumption goods dominate imports.
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
The document provides tourism statistics for Nepal in 2013. Some key findings:
- Total tourist arrivals decreased slightly by 0.7% compared to 2012, with 803,092 arrivals in 2012 and 797,616 in 2013.
- The average length of stay increased by 3.5% to 12.60 days.
- Male tourist arrivals increased by 2.2% while female arrivals increased by a larger amount, 5.4%.
- The top five source countries of tourists were India, China, USA, Thailand, and the UK.
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
International Tourism Marketing: An Analysis on Xinjiang Uygur Autonomous Reg...IOSRJBM
As XUAR international tourism industry is improving gradually, we should see there are still serious problems in its industrial structure performance. With shift-share method, Pearson Correlation method and Principal component method, based on data of XUAR international tourism foreign exchange incomes from 2006 to 2015, this paper empirically analyzes each sector of XUAR international tourism and its industrial structure performance, as well as problems in sectors of transportation, sightseeing, accommodation, cater, commodity sales and entertainment. Meanwhile this paper also puts forward solutions to increase the benefit of XUAR international tourism industry.
Destination Promotion: An Engine of Economic Development FormazioneTurismo
Gli investimenti nel marketing del turismo fanno cresccere anche gli altri settori (secondo la ricerca della Destination & Travel Foundation, condotta da Oxford Economics)
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
The document is the 2016 report from the Organisation for Economic Co-operation and Development (OECD) on tourism trends and policies. It analyzes recent trends in international tourist arrivals and the tourism economy. The report also examines important policy issues for governments such as governance, strategic development, competitiveness, transport connectivity, and the sharing economy's impact on the tourism sector.
The document provides an economic outlook from the Ministry of Economy of Turkey for January 2016. It includes macroeconomic forecasts from international organizations showing Turkey's GDP growth expected around 3% in 2015-2016. The medium term program targets 4.5% GDP growth in 2016 with a reduced current account deficit. Exports decreased 8.4% in the first 11 months of 2015 while imports decreased 14.1%. Top exports include vehicles, machinery, precious metals and textiles, while machinery, intermediate goods and consumption goods dominate imports.
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
The document provides tourism statistics for Nepal in 2013. Some key findings:
- Total tourist arrivals decreased slightly by 0.7% compared to 2012, with 803,092 arrivals in 2012 and 797,616 in 2013.
- The average length of stay increased by 3.5% to 12.60 days.
- Male tourist arrivals increased by 2.2% while female arrivals increased by a larger amount, 5.4%.
- The top five source countries of tourists were India, China, USA, Thailand, and the UK.
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
Global Economic Contribution of Cruise Tourism - 2013Juan Rodero
The document provides an analysis of the global economic contribution of the cruise tourism industry in 2013. Some key points:
- Cruise tourism generated $52.31 billion in direct expenditures globally and supported a total output of $117.15 billion.
- The industry supported 891,009 jobs worldwide and labor income of $38.47 billion.
- North America accounted for 55% of cruise passengers, Europe 30%, and the rest of the world 15%. The Caribbean, Europe, and other parts of North America were the largest destination markets.
- Between 2003-2013, the global cruise industry grew significantly, with passenger numbers up 77% and cruise ship capacity up 84%. Growth has shifted from North
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
The document summarizes the economic impact of travel and tourism in St. Lucia in 2013. It finds that:
- Travel and tourism directly contributed XCD455.7mn (13.3%) to St. Lucia's GDP in 2012, and this is forecast to rise to XCD478.2mn in 2013.
- The total contribution of travel and tourism to GDP (including indirect and induced impacts) was XCD1,338.6mn (39.0%) in 2012, and is forecast to rise to XCD1,394.9mn in 2013.
- Travel and tourism directly supported 13,500 jobs (18.6%) in St. Lucia in 2012, and this
The document provides an overview of the global and Indian travel and tourism sector. Some key points:
- Travel and tourism contributed 10.2% to global GDP and supported 29.2 crore jobs globally in 2016. India is expected to become the 4th largest travel economy by 2027.
- In India, travel and tourism contributed 9.6% of GDP and supported 40.3 crore jobs in 2016. The sector is forecasted to grow at 6.7% annually through 2027.
- The Indian government has launched several initiatives like Swadesh Darshan and PRASAD to develop tourism infrastructure and promote domestic and religious tourism in the country.
This document outlines Armenia's tourism development concept paper. It discusses the growth of global tourism, with over 846 million international trips taken in 2006 generating $733 billion in revenue. By 2020, international trips are expected to rise to 1.6 billion. While some large countries like France and the US receive the most visitors, smaller countries like Lithuania, Latvia, Belgium, Israel and Slovenia have also seen over 1 million annual arrivals. For Armenia to be competitive, it needs distinctive, high-quality tourism products and infrastructure to differentiate itself from neighboring countries offering similar options. The concept paper aims to increase tourism's contribution to Armenia's economy and promote equitable regional development.
This document summarizes beekeeping industry statistics in Alberta from 1980 to 2012. It finds that the number of beekeepers has varied considerably over this period, declining from 1,800 in 1980 to 620 in 2008 but increasing to 880 in 2012. The number of honey producing bee colonies has also fluctuated, ranging from 143,500 in 1989 to 282,000 in 2012. Honey production peaked in 2006 and has generally increased since 2008, except in 2011 due to weather factors. The price received by beekeepers for honey has risen significantly since the 1980s but declined slightly in recent years.
This document provides an overview and key data points about the state of global travel in 2013-2014. It summarizes that global traveler spending increased slightly from 2013 to 2014, while US traveler spending and visitor numbers increased modestly. US travel and tourism saw steady job growth and economic contribution. International air passenger volumes grew nearly 5% in early 2014. Major US airlines increased passenger volumes in early 2014 with the exception of US Airways. The report also provides data on top airlines, airports, traveler budgets and concerns, and brand values.
The document provides an economic impact analysis of travel and tourism in St. Vincent and the Grenadines in 2013. Some key points:
- Travel and tourism directly contributed XCD116.8 million (6%) to GDP in 2012, and is forecast to rise to XCD172.5 million (6.4% of GDP) by 2023.
- The total contribution of travel and tourism to GDP was XCD423.3 million (21.8% of GDP) in 2012, and is forecast to rise to XCD632.1 million (23.4% of GDP) by 2023.
- Travel and tourism directly supported 2,500 jobs (5.5% of total employment)
This document is the 2015 State of Ethiopian Cities Report produced by the Ministry of Urban Development, Housing and Construction and the Ethiopian Civil Service University. It provides an overview of the table of contents which includes 27 chapters covering topics like population dynamics and urbanization trends, urban productivity, infrastructure and services, housing, inclusion and poverty, urban planning, governance and finance. It discusses the objectives of the report, methodology used and structure. Key data and findings are presented in tables, figures, maps and boxes throughout the various sections of the report.
In the last two years since the publication of the previous
edition of the Travel & Tourism Competitiveness Report,
the framework conditions for the Travel and Tourism
(T&T) sector have changed significantly. The world has
been facing geopolitical tensions from the Middle East
and Ukraine to South-East Asia, growing terrorism
threats and fear of the spread of global pandemics.
Should they persist, these global challenges could have
significant further repercussions on the T&T industry, as they touch on the pre-condition for the sector
to grow and develop—the ability of people to travel
safely.
The World Economic Forum has, for the past nine
years, engaged key industry and thought leaders through
its Aviation & Travel Industry Partnership Programme,
along with its Global Agenda Council on the Future of
Travel & Tourism, to carry out an in-depth analysis of the
T&T competitiveness of economies around the world.
The resulting Travel & Tourism Competitiveness Report
provides a platform for multistakeholder dialogue with the objective of achieving a strong and sustainable
T&T industry capable of contributing effectively to
international economic development.
At the core of the Report is the sixth edition of the
Travel & Tourism Competitiveness Index (TTCI). The aim
of the TTCI, which covers a record 141 economies this
year, is to provide a comprehensive strategic tool for
measuring the “the set of factors and policies that enable
the sustainable development of the Travel & Tourism
sector, which in turn, contributes to the development
and competitiveness of a country.”
This document provides an economic outlook for Curaçao in 2011. It summarizes that Curaçao's economy grew modestly by 0.1% in 2010 and is expected to grow by 0.3% in 2011, led by growth in foreign demand and consumption. Inflation remained moderate at around 2.4% in 2011. Labor market data is unavailable due to the national census. The government budget saw a surplus in 2010 with revenues higher and expenditures lower than budgeted. The current account deficit widened in 2010 and is expected to remain similar in 2011. Several sectors such as agriculture struggled due to weather while the oil refinery faced shutdowns and environmental pressures.
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
Unwto paper Macroeconomic Analysis ToolsDavid Vicent
This document summarizes several macroeconomic analysis tools that can be used to extend the understanding of tourism's full economic impact beyond what is captured in a Tourism Satellite Account (TSA). It discusses the Input-Output model, Social Accounting Matrix, and Computable General Equilibrium model. These tools can estimate additional effects like indirect and induced impacts, as well as analyze the implications of policy changes. The document recommends using TSA data as input for these models to derive a more comprehensive measure of tourism's total economic impact on a national economy. This will help policymakers integrate tourism into broader economic planning.
The document is a statistical appendix from the Economic Survey of India 2015-16. It contains tables of economic indicators and statistics on various topics including:
- National income and production including gross domestic product, agricultural production, industrial production and electricity generation.
- Government finances including budgets, plans and debt.
- Employment, monetary trends, prices, balance of payments, foreign trade, external assistance, and human development indicators.
The tables provide time-series data on these various economic metrics going back decades in many cases to track trends over time.
The document is a report from the World Travel & Tourism Council (WTTC) on the economic impact of travel and tourism in Barbados in 2013. Some key points:
- Travel and tourism directly contributed BBD1.1 billion (11.9% of GDP) to Barbados' economy in 2012 and supported 15,000 jobs (12.1% of total).
- Total contribution of travel and tourism to GDP in 2012 was BBD3.7 billion (39.4% of GDP) and supported 49,000 jobs (38.8% of total).
- Visitor exports from international tourists were BBD2.3 billion in 2012 and are forecast to reach BBD2.
The public survey findings report provides the following key information:
- 396 Ajax residents completed the transportation survey, with most living in detached homes and having access to 2 vehicles.
- The top purposes for travel within Ajax were to live, shop/access services, and spend leisure time.
- Over half of respondents commute outside Durham Region for work, with key barriers to telecommuting and flexible hours being required on-site presence and inflexible workplace policies.
- Driving alone was the dominant mode for travel within and to/from Ajax, followed by walking and public transit. Barriers to more sustainable options included convenience of driving, infrastructure, and transit service issues.
The document summarizes the key findings of the World Travel & Tourism Council's (WTTC) 2016 research on the economic impact of global travel and tourism:
1) In 2015, travel and tourism directly contributed $2,229.8 billion (3.0% of GDP) to the global economy and supported 107.8 million jobs (3.6% of total employment).
2) The total contribution of travel and tourism to the global economy, including indirect and induced impacts, was $7,170.3 billion (9.8% of GDP) in 2015 and 283.6 million jobs (9.5% of total employment).
3) Travel and tourism is forecast to continue growing
The document discusses the growth of the adventure tourism industry in India. It notes that the industry has grown significantly from $89 million to $236 million from 2013 to 2017, with a growth rate of 195%. The adventure tourism market potential in India is INR 1800 crores and continues to grow. Younger generations and increasing disposable incomes are driving more Indians to participate in adventure activities like trekking, skiing, and river cruising. The document also presents statistics on adventure tourists' ages, expenditures, and number of trips taken from 2015 to 2017. It identifies opportunities and threats in the industry as well as a company's plans to capitalize on the industry's growth through unique tour offerings and financial projections.
Global Economic Contribution of Cruise Tourism - 2013Juan Rodero
The document provides an analysis of the global economic contribution of the cruise tourism industry in 2013. Some key points:
- Cruise tourism generated $52.31 billion in direct expenditures globally and supported a total output of $117.15 billion.
- The industry supported 891,009 jobs worldwide and labor income of $38.47 billion.
- North America accounted for 55% of cruise passengers, Europe 30%, and the rest of the world 15%. The Caribbean, Europe, and other parts of North America were the largest destination markets.
- Between 2003-2013, the global cruise industry grew significantly, with passenger numbers up 77% and cruise ship capacity up 84%. Growth has shifted from North
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
The document summarizes the economic impact of travel and tourism in St. Lucia in 2013. It finds that:
- Travel and tourism directly contributed XCD455.7mn (13.3%) to St. Lucia's GDP in 2012, and this is forecast to rise to XCD478.2mn in 2013.
- The total contribution of travel and tourism to GDP (including indirect and induced impacts) was XCD1,338.6mn (39.0%) in 2012, and is forecast to rise to XCD1,394.9mn in 2013.
- Travel and tourism directly supported 13,500 jobs (18.6%) in St. Lucia in 2012, and this
The document provides an overview of the global and Indian travel and tourism sector. Some key points:
- Travel and tourism contributed 10.2% to global GDP and supported 29.2 crore jobs globally in 2016. India is expected to become the 4th largest travel economy by 2027.
- In India, travel and tourism contributed 9.6% of GDP and supported 40.3 crore jobs in 2016. The sector is forecasted to grow at 6.7% annually through 2027.
- The Indian government has launched several initiatives like Swadesh Darshan and PRASAD to develop tourism infrastructure and promote domestic and religious tourism in the country.
This document outlines Armenia's tourism development concept paper. It discusses the growth of global tourism, with over 846 million international trips taken in 2006 generating $733 billion in revenue. By 2020, international trips are expected to rise to 1.6 billion. While some large countries like France and the US receive the most visitors, smaller countries like Lithuania, Latvia, Belgium, Israel and Slovenia have also seen over 1 million annual arrivals. For Armenia to be competitive, it needs distinctive, high-quality tourism products and infrastructure to differentiate itself from neighboring countries offering similar options. The concept paper aims to increase tourism's contribution to Armenia's economy and promote equitable regional development.
This document summarizes beekeeping industry statistics in Alberta from 1980 to 2012. It finds that the number of beekeepers has varied considerably over this period, declining from 1,800 in 1980 to 620 in 2008 but increasing to 880 in 2012. The number of honey producing bee colonies has also fluctuated, ranging from 143,500 in 1989 to 282,000 in 2012. Honey production peaked in 2006 and has generally increased since 2008, except in 2011 due to weather factors. The price received by beekeepers for honey has risen significantly since the 1980s but declined slightly in recent years.
This document provides an overview and key data points about the state of global travel in 2013-2014. It summarizes that global traveler spending increased slightly from 2013 to 2014, while US traveler spending and visitor numbers increased modestly. US travel and tourism saw steady job growth and economic contribution. International air passenger volumes grew nearly 5% in early 2014. Major US airlines increased passenger volumes in early 2014 with the exception of US Airways. The report also provides data on top airlines, airports, traveler budgets and concerns, and brand values.
The document provides an economic impact analysis of travel and tourism in St. Vincent and the Grenadines in 2013. Some key points:
- Travel and tourism directly contributed XCD116.8 million (6%) to GDP in 2012, and is forecast to rise to XCD172.5 million (6.4% of GDP) by 2023.
- The total contribution of travel and tourism to GDP was XCD423.3 million (21.8% of GDP) in 2012, and is forecast to rise to XCD632.1 million (23.4% of GDP) by 2023.
- Travel and tourism directly supported 2,500 jobs (5.5% of total employment)
This document is the 2015 State of Ethiopian Cities Report produced by the Ministry of Urban Development, Housing and Construction and the Ethiopian Civil Service University. It provides an overview of the table of contents which includes 27 chapters covering topics like population dynamics and urbanization trends, urban productivity, infrastructure and services, housing, inclusion and poverty, urban planning, governance and finance. It discusses the objectives of the report, methodology used and structure. Key data and findings are presented in tables, figures, maps and boxes throughout the various sections of the report.
In the last two years since the publication of the previous
edition of the Travel & Tourism Competitiveness Report,
the framework conditions for the Travel and Tourism
(T&T) sector have changed significantly. The world has
been facing geopolitical tensions from the Middle East
and Ukraine to South-East Asia, growing terrorism
threats and fear of the spread of global pandemics.
Should they persist, these global challenges could have
significant further repercussions on the T&T industry, as they touch on the pre-condition for the sector
to grow and develop—the ability of people to travel
safely.
The World Economic Forum has, for the past nine
years, engaged key industry and thought leaders through
its Aviation & Travel Industry Partnership Programme,
along with its Global Agenda Council on the Future of
Travel & Tourism, to carry out an in-depth analysis of the
T&T competitiveness of economies around the world.
The resulting Travel & Tourism Competitiveness Report
provides a platform for multistakeholder dialogue with the objective of achieving a strong and sustainable
T&T industry capable of contributing effectively to
international economic development.
At the core of the Report is the sixth edition of the
Travel & Tourism Competitiveness Index (TTCI). The aim
of the TTCI, which covers a record 141 economies this
year, is to provide a comprehensive strategic tool for
measuring the “the set of factors and policies that enable
the sustainable development of the Travel & Tourism
sector, which in turn, contributes to the development
and competitiveness of a country.”
This document provides an economic outlook for Curaçao in 2011. It summarizes that Curaçao's economy grew modestly by 0.1% in 2010 and is expected to grow by 0.3% in 2011, led by growth in foreign demand and consumption. Inflation remained moderate at around 2.4% in 2011. Labor market data is unavailable due to the national census. The government budget saw a surplus in 2010 with revenues higher and expenditures lower than budgeted. The current account deficit widened in 2010 and is expected to remain similar in 2011. Several sectors such as agriculture struggled due to weather while the oil refinery faced shutdowns and environmental pressures.
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
Unwto paper Macroeconomic Analysis ToolsDavid Vicent
This document summarizes several macroeconomic analysis tools that can be used to extend the understanding of tourism's full economic impact beyond what is captured in a Tourism Satellite Account (TSA). It discusses the Input-Output model, Social Accounting Matrix, and Computable General Equilibrium model. These tools can estimate additional effects like indirect and induced impacts, as well as analyze the implications of policy changes. The document recommends using TSA data as input for these models to derive a more comprehensive measure of tourism's total economic impact on a national economy. This will help policymakers integrate tourism into broader economic planning.
The document is a statistical appendix from the Economic Survey of India 2015-16. It contains tables of economic indicators and statistics on various topics including:
- National income and production including gross domestic product, agricultural production, industrial production and electricity generation.
- Government finances including budgets, plans and debt.
- Employment, monetary trends, prices, balance of payments, foreign trade, external assistance, and human development indicators.
The tables provide time-series data on these various economic metrics going back decades in many cases to track trends over time.
The document is a report from the World Travel & Tourism Council (WTTC) on the economic impact of travel and tourism in Barbados in 2013. Some key points:
- Travel and tourism directly contributed BBD1.1 billion (11.9% of GDP) to Barbados' economy in 2012 and supported 15,000 jobs (12.1% of total).
- Total contribution of travel and tourism to GDP in 2012 was BBD3.7 billion (39.4% of GDP) and supported 49,000 jobs (38.8% of total).
- Visitor exports from international tourists were BBD2.3 billion in 2012 and are forecast to reach BBD2.
The public survey findings report provides the following key information:
- 396 Ajax residents completed the transportation survey, with most living in detached homes and having access to 2 vehicles.
- The top purposes for travel within Ajax were to live, shop/access services, and spend leisure time.
- Over half of respondents commute outside Durham Region for work, with key barriers to telecommuting and flexible hours being required on-site presence and inflexible workplace policies.
- Driving alone was the dominant mode for travel within and to/from Ajax, followed by walking and public transit. Barriers to more sustainable options included convenience of driving, infrastructure, and transit service issues.
The document summarizes the key findings of the World Travel & Tourism Council's (WTTC) 2016 research on the economic impact of global travel and tourism:
1) In 2015, travel and tourism directly contributed $2,229.8 billion (3.0% of GDP) to the global economy and supported 107.8 million jobs (3.6% of total employment).
2) The total contribution of travel and tourism to the global economy, including indirect and induced impacts, was $7,170.3 billion (9.8% of GDP) in 2015 and 283.6 million jobs (9.5% of total employment).
3) Travel and tourism is forecast to continue growing
The document discusses the growth of the adventure tourism industry in India. It notes that the industry has grown significantly from $89 million to $236 million from 2013 to 2017, with a growth rate of 195%. The adventure tourism market potential in India is INR 1800 crores and continues to grow. Younger generations and increasing disposable incomes are driving more Indians to participate in adventure activities like trekking, skiing, and river cruising. The document also presents statistics on adventure tourists' ages, expenditures, and number of trips taken from 2015 to 2017. It identifies opportunities and threats in the industry as well as a company's plans to capitalize on the industry's growth through unique tour offerings and financial projections.
1. 1June 2016
U.S. Travel and Tourism Satellite Accounts
for 2013–2015
By Sarah Osborne and Jamie Williams
THE TRAVEL and tourism industry—as measured
by the real output of goods and services sold di
rectly to visitors—increased 4.7 percent in 2015 after
increasing 2.8 percent in 2014, according to statistics
from the travel and tourism satellite accounts of the
Bureau of Economic Analysis (BEA). In comparison,
the broader economy as measured by real gross domes
tic product (GDP) increased 2.4 percent in 2015 after
increasing 2.4 percent in 2014.1 These revised statistics
on travel and tourism reflect the incorporation of the
2015 annual revision of the industry economic ac
counts, which was released on November 5, 2015.2
Highlights from the travel and tourism satellite ac
counts include the following:
● The acceleration in the travel and tourism industry
in 2015 reflected accelerations in traveler accommo-
Trends in Output and Prices
Real output
The 4.7 percent increase in real travel and tourism out
put in 2015 was concentrated in a few commodities.
The leading contributors to the overall growth were
traveler accommodations, international passenger air
services, and food and beverage services. Traveler ac
commodations increased 5.2 percent after a 1.4 per
cent increase in 2014 and international passenger air
services increased 11.0 percent in 2015 after increasing
0.4 percent. Food and beverage services increased 4.2
percent after a 3.2 percent increase (table A and chart
1).
dations, international passenger air transportation,
and food and beverage services. Automotive rental
and leasing also contributed to the acceleration.
● Real output increased in 19 of 24 commodities in
2015. Commodities experiencing the largest
increases in real output include traveler accommo
dations, food and beverage services, international
passenger air services, and automotive rental and
leasing.
● Prices for tourism goods and services decreased 3.1
percent in 2015 after increasing 1.6 percent in 2014.
The biggest contributor to the 2015 decrease in
prices was gasoline, which decreased 26.7 percent.
Despite the decrease in the overall price, most travel
and tourism commodity prices increased.
The travel and tourism accounts are available on the
BEA Web site; see the box “Data Availability.”
The remainder of this article discusses trends in
travel and tourism output and prices, tourism value
added and employment.
1. All measures of travel and tourism activity not identified as being in
“real,” inflation-adjusted terms are current-dollar estimates.
2. For more information, see Kevin B. Barefoot, Edward T. Morgan and
Ksenia E. Shadrina, “Initial Statistics for the Second Quarter of 2015:
Revised Statistics for 2012–2014 and the First Quarter of 2015,” SURVEY OF
CURRENT BUSINESS 94 (December 2015).
Data Availability
The complete set of detailed annual statistics for 1998
through 2014, statistics of output and employment for
2015, and quarterly statistics of output and employ
ment from 1998 through 2014, are available on BEA’s
Web site under “Industry” and “Satellite Accounts.”
2. 2 U.S. Travel and Tourism Satellite Accounts June 2016
Prices rental and leasing, which fell 7.9 percent, and interna-
Travel and tourism prices decreased 3.1 percent in tional air transportation services, which fell 6.8 per
2015. The decline was more than accounted for by a cent. The decrease in overall prices was partly offset by
26.7 percent decrease in the price of gasoline, which gains in spectator sports, traveler accommodations,
declined for the third consecutive year. Other contrib- and passenger rail transportation services. Spectator
utors to the overall price decline were automotive sports increased 7.1 percent in 2015 after increasing 3.0
Table A. Annual Growth, Contributions to Growth, and Levels of Real Output by Tourism Commodity in 2012–2015
Commodity
Annual growth rates
(percent change from
preceding period)
Contributions
(percentage points)
Real output
(millions of chained
(2009) dollars)
2012 2013 2014 2015 2012 2013 2014 2015 2012 2013 2014 2015
All tourism goods and services................................................................................ 1.3 4.3 2.8 4.7 1.30 4.28 2.80 4.73 728,095 759,265 780,518 817,436
Traveler accommodations.......................................................................................... 3.1 4.0 1.4 5.2 0.54 0.71 0.26 0.97 140,811 146,390 148,474 156,181
Food and beverage services..................................................................................... 1.0 1.5 3.2 4.2 0.14 0.22 0.46 0.63 111,086 112,761 116,349 121,224
Transportation ........................................................................................................... 1.4 4.7 4.1 5.7 0.62 2.03 1.77 2.41 292,804 306,520 319,063 337,388
Passenger air transportation.................................................................................. –3.4 1.2 2.6 6.7 –0.59 0.20 0.43 1.10 113,136 114,446 117,400 125,212
Domestic passenger air transportation services ................................................ –4.9 2.4 3.8 4.3 –0.56 0.06 0.40 0.47 73,055 74,784 77,618 80,979
International passenger air transportation services ........................................... –0.5 2.3 0.4 11.0 –0.03 0.14 0.03 0.63 40,071 40,996 41,171 45,710
All other transportation-related commodities ......................................................... 4.7 7.0 5.0 5.1 1.21 1.84 1.34 1.31 179,680 192,222 201,914 212,307
Passenger rail transportation services ............................................................... 4.1 –0.9 1.7 –2.8 0.01 0.00 0.00 –0.01 1,964 1,946 1,979 1,923
Passenger water transportation services ........................................................... 7.3 3.8 7.0 6.3 0.10 0.06 0.10 0.09 12,064 12,528 13,408 14,258
Intercity bus services.......................................................................................... 2.8 –2.9 –1.9 6.7 0.01 –0.01 0.00 0.01 1,304 1,267 1,243 1,326
Intercity charter bus services.............................................................................. –0.5 0.7 5.1 13.5 0.00 0.00 0.01 0.03 1,497 1,507 1,583 1,798
Local bus and other transportation services....................................................... 0.5 21.7 10.1 1.2 0.00 0.13 0.07 0.01 4,113 5,006 5,509 5,576
Taxicab services ................................................................................................. –0.5 –37.5 –37.1 –7.1 0.00 –0.21 –0.12 –0.01 3,929 2,457 1,546 1,437
Scenic and sightseeing transportation services................................................. 7.0 6.4 4.2 –1.7 0.02 0.02 0.02 –0.01 2,831 3,013 3,140 3,086
Automotive rental and leasing ............................................................................ 6.5 0.9 8.3 13.2 0.24 0.03 0.31 0.52 32,682 32,969 35,701 40,407
Other vehicle rental and leasing......................................................................... –0.4 2.6 1.5 1.5 0.00 0.00 0.00 0.00 756 776 787 798
Automotive repair services ................................................................................. –10.7 11.9 –10.8 –0.3 –0.18 0.17 –0.17 0.00 11,094 12,416 11,077 11,042
Parking................................................................................................................ –13.5 37.3 –16.5 –6.2 –0.04 0.10 –0.06 –0.02 1,887 2,590 2,164 2,029
Highway tolls....................................................................................................... –2.0 10.4 –4.9 7.9 0.00 0.01 0.00 0.01 616 680 646 698
Travel arrangement and reservation services..................................................... 5.4 4.8 9.5 4.7 0.27 0.24 0.48 0.26 40,436 42,379 46,412 48,585
Gasoline ............................................................................................................. 6.8 10.8 5.8 4.0 0.78 1.28 0.70 0.43 63,479 70,322 74,391 77,394
Recreation, entertainment, and shopping................................................................. –0.1 5.5 1.3 3.0 –0.01 1.31 0.31 0.72 183,285 193,348 193,348 195,861
Recreation and entertainment ............................................................................... 2.7 –2.8 1.3 0.0 0.30 –0.31 0.14 0.49 86,574 84,161 85,276 85,276
Motion pictures and performing arts................................................................... 21.9 –18.4 –2.0 5.3 0.41 –0.41 –0.04 0.09 17,402 14,207 13,921 14,662
Spectator sports ................................................................................................. –4.6 7.2 0.5 2.4 –0.03 0.00 0.00 0.02 5,111 5,478 5,507 5,638
Participant sports................................................................................................ 1.2 5.0 3.2 3.1 0.02 0.07 0.04 0.04 11,576 12,150 12,536 12,919
Gambling ............................................................................................................ 0.7 2.1 3.6 5.9 0.04 0.11 0.19 0.32 41,186 42,038 43,531 46,103
All other recreation and entertainment ............................................................... –8.3 –6.0 –4.9 1.2 –0.13 –0.09 –0.06 0.02 11,337 10,659 10,135 10,260
Nondurable PCE commodities other than gasoline ............................................... –2.4 12.8 1.3 1.7 –0.31 1.63 0.18 0.23 96,767 109,196 110,594 112,430
PCE Personal consumption expenditures
3. 3June 2016 SURVEY OF CURRENT BUSINESS
percent in 2014. Passenger rail transportation services
increased 3.4 percent after a 0.8 percent increase in
2014 (table B and chart 2).
Total output
Total tourism-related output increased to $1.56 trillion
in 2015, up 1.9 percent from $1.53 trillion in 2014. In
2015, total output consisted of $905.9 billion in direct
tourism output and $657.2 billion in indirect tourism
output. The 1.73 ratio of total output to direct output
in 2015 implies that every dollar of direct tourism out
put required an additional 73 cents of indirect tourism
output (chart 3).
Direct tourism output includes goods and services
sold directly to visitors, such as passenger air travel. In
direct tourism output includes sales of all goods and
services used to produce that direct output, such as jet
fuel to fly the plane and catering services for interna
tional flights.
Table B. Annual Growth, Contributions to Growth, and Levels of Chain-Type Price Indexes for Tourism Commodities in 2012–2015
Commodity
Annual growth rates
(percent change from
preceding period)
Contributions
(percentage points)
Price indexes
(index numbers, 2009=100)
2012 2013 2014 2015 2012 2013 2014 2015 2012 2013 2014 2015
All tourism goods and services...................................................................................................... 2.8 0.5 1.6 –3.1 2.78 0.54 1.63 –3.08 111.6 112.2 114.0 110.5
Traveler accommodations............................................................................................................... 3.0 0.7 4.4 3.1 0.54 0.13 0.79 0.57 103.9 104.7 109.3 112.7
Food and beverage services........................................................................................................... 3.1 2.1 2.4 2.8 0.45 0.30 0.35 0.40 106.8 109.1 111.7 114.8
Transportation................................................................................................................................. 2.9 –0.3 0.4 –9.6 1.44 –0.11 0.17 –4.19 120.7 120.4 120.9 109.3
Passenger air transportation ....................................................................................................... 4.7 0.2 2.4 –4.3 0.91 0.05 0.40 –0.72 122.0 122.3 125.3 120.0
Domestic passenger air transportation services...................................................................... 4.8 0.1 2.5 –2.8 0.69 0.01 0.26 –0.30 121.2 121.4 124.3 120.8
International passenger air transportation services................................................................. 4.6 0.5 2.4 –6.8 0.69 0.03 0.14 –0.41 123.6 124.3 127.3 118.6
All other transportation-related commodities............................................................................... 1.7 –0.6 –0.9 –13.0 0.52 –0.15 –0.24 –3.48 119.9 119.2 118.2 102.8
Passenger rail transportation services..................................................................................... 3.9 3.1 0.8 3.4 0.01 0.01 0.00 0.01 109.3 112.6 113.4 117.3
Passenger water transportation services................................................................................. –2.7 –0.4 –0.7 0.9 –0.04 –0.01 –0.01 0.01 97.5 97.0 96.4 97.2
Intercity bus services ............................................................................................................... 3.6 3.6 –0.3 –6.2 0.01 0.01 0.00 –0.01 114.5 118.6 118.3 111.0
Intercity charter bus services................................................................................................... 3.6 3.5 –0.3 –6.1 0.01 0.01 0.00 –0.01 114.6 118.6 118.3 111.1
Local bus and other transportation services............................................................................ 3.1 4.3 1.2 2.2 0.02 0.03 0.01 0.02 112.6 117.4 118.9 121.5
Taxicab services....................................................................................................................... 3.1 4.3 1.2 2.2 0.02 0.02 0.00 0.00 112.2 117.0 118.5 121.0
Scenic and sightseeing transportation services....................................................................... 2.1 1.4 1.4 2.3 0.01 0.01 0.01 0.01 102.6 104.1 105.6 108.0
Automotive rental and leasing.................................................................................................. –2.3 1.5 5.8 –7.9 –0.09 0.06 0.22 –0.34 95.0 96.4 102.1 94.0
Other vehicle rental and leasing............................................................................................... 3.2 1.5 –5.7 0.7 0.00 0.00 –0.01 0.00 110.2 111.9 105.5 106.3
Automotive repair services....................................................................................................... 1.8 1.5 1.6 1.7 0.03 0.02 0.02 0.02 105.9 107.5 109.2 111.0
Parking..................................................................................................................................... 8.7 3.5 2.4 2.6 0.02 0.01 0.01 0.01 114.8 118.9 121.8 124.9
Highway tolls............................................................................................................................ 1.8 0.5 0.6 –5.6 0.00 0.00 0.00 0.00 114.0 114.5 115.2 108.8
Travel arrangement and reservation services .......................................................................... 1.1 0.9 0.1 0.5 0.05 0.04 0.01 0.03 102.1 103.0 103.1 103.7
Gasoline................................................................................................................................... 3.3 –2.8 –4.0 –26.7 0.48 –0.35 –0.50 –3.22 155.3 150.9 144.9 106.2
Recreation, entertainment, and shopping ...................................................................................... 2.3 0.9 1.4 0.6 0.55 0.21 0.33 0.15 106.0 106.9 108.4 109.0
Recreation and entertainment..................................................................................................... 2.2 1.0 1.3 0.8 0.24 0.11 0.13 0.09 105.2 106.3 107.7 108.6
Motion pictures and performing arts ........................................................................................ 2.0 1.1 1.8 2.2 0.04 0.02 0.03 0.04 104.4 105.6 107.5 109.9
Spectator sports....................................................................................................................... 3.3 2.6 3.0 7.1 0.02 0.02 0.02 0.05 105.4 108.1 111.4 119.3
Participant sports..................................................................................................................... 2.5 –0.9 –0.9 –2.0 0.04 –0.01 –0.01 –0.03 101.1 100.2 99.3 97.3
Gambling.................................................................................................................................. 2.1 1.5 1.6 0.1 0.11 0.08 0.09 0.01 107.0 108.6 110.4 110.5
All other recreation and entertainment..................................................................................... 2.1 0.7 0.8 1.8 0.03 0.01 0.01 0.02 103.7 104.5 105.3 107.1
Nondurable PCE commodities other than gasoline..................................................................... 2.4 0.7 1.4 0.5 0.31 0.09 0.19 0.06 106.6 107.4 108.9 109.4
PCE Personal consumption expenditures
4. 4 U.S. Travel and Tourism Satellite Accounts June 2016
Tourism Value Added and Employment
Value added
A sector’s value added measures its contribution to
gross domestic product (GDP). In 2014 (the most re
cent year for which data are available), the travel and
tourism industry’s share of GDP was 2.6 percent (table
C). Travel and tourism accounted for a larger share of
GDP than other industries, such as utilities, computer
and electronic products manufacturing, and broad
casting and telecommunications.
Table C. Travel and Tourism as a Share
of Gross Domestic Product (GDP) in 2007–2014
Billions of dollars Percent
GDP
Tourism
value
added
Tourism
value
added
as a
share of
GDP
2007................................................................
2008................................................................
2009................................................................
2010................................................................
2011................................................................
2012................................................................
2013................................................................
2014................................................................
14,478
14,719
14,419
14,964
15,518
16,163
16,663
17,348
402
391
366
377
404
422
454
455
2.78
2.66
2.54
2.52
2.60
2.61
2.72
2.63
Direct employment
Direct tourism employment includes jobs that involve
producing goods and services that are sold directly to
visitors. Airline pilots, hotel clerks, and travel agents
are examples of such employees. Overall, direct em
ployment decreased 0.4 percent in 2015. The largest
contributor was food services and drinking places,
which contributed 0.28 percentage point to the decline
(chart 4 and table D).
Acknowledgments
Paul V. Kern of the Industry Sector Division super
vised the preparation of the estimates. Sarah Osborne
and Jamie Williams prepared the estimates. Seth Mar
kowitz and Luke Mendelsohn assisted in table prepa
ration.
Staff members of the Industry Sector Division, the
Industry Analysis Division, the National Income and
Wealth Division, the Government Division, and the
Regional Income Division contributed to the develop
ment of the estimates.
The Office of Travel and Tourism Industries of the
International Trade Administration provided funding
for the preparation of the travel and tourism satellite
accounts.
5. 5June 2016 SURVEY OF CURRENT BUSINESS
Total employment
Total tourism-related employment (the sum of direct
and indirect jobs) decreased to 7.60 million jobs in
2015 from 7.63 million jobs in 2014. The 7.6 million
jobs consisted of 5.35 million direct tourism jobs and
2.25 million indirect tourism jobs (chart 5). While di
rect tourism employment includes jobs that produce
direct tourism output, such as airline pilots, indirect
tourism employment comprises jobs that produce in
direct tourism output, such as refinery workers pro
ducing jet fuel. The most recent data indicate that for
every direct tourism job generated, an additional 0.42
of a job is indirectly generated.
Table D. Annual Growth, Contributions to Growth, and Levels of Direct Employment by Tourism Industry in 2012–2015
Industry
Annual growth rates
(percent change from
preceding period)
Contributions
(percentage points)
Direct employment
(thousands)
2012 2013 2014 2015 2012 2013 2014 2015 2012 2013 2014 2015
All tourism industries....................................................................................... 1.3 3.9 0.0 –0.4 1.35 3.90 –0.01 –0.43 5,176 5,376 5,374 5,351
Traveler accommodations................................................................................ 2.2 1.7 2.0 0.0 0.55 0.40 0.48 0.01 1,320 1,342 1,368 1,369
Vacation home rentals..................................................................................... –5.8 91.8 –2.5 0.0 –0.01 0.14 –0.01 0.00 8 16 15 15
Food services and drinking places.................................................................. 2.1 –0.3 –0.8 –0.9 0.68 –0.09 –0.25 –0.28 1,660 1,655 1,641 1,626
Transportation.................................................................................................. 1.0 14.3 0.7 0.1 0.20 2.70 0.16 0.02 1,030 1,178 1,187 1,188
Air transportation services ........................................................................... 0.8 2.1 1.3 0.1 0.07 0.17 0.11 0.01 440 449 455 455
All other transportation-related industries .................................................... 1.2 23.4 0.4 0.1 0.14 2.53 0.05 0.02 591 729 732 733
Rail transportation services ...................................................................... 4.4 –1.8 –0.2 –0.4 0.01 0.00 0.00 0.00 10 10 10 10
Water transportation services................................................................... 4.8 –7.3 5.1 0.5 0.03 –0.04 0.03 0.00 31 28 30 30
Interurban bus transportation.................................................................... 2.5 –5.2 1.0 0.5 0.01 –0.02 0.00 0.00 19 18 18 18
Interurban charter bus transportation ....................................................... –2.5 45.8 2.9 0.0 –0.01 0.11 0.01 0.00 13 19 19 19
Urban transit systems and other transportation........................................ –3.6 41.4 8.3 0.6 –0.03 0.32 0.09 0.01 43 60 65 66
Taxi service............................................................................................... –0.4 –86.0 –35.1 –18.0 0.00 –0.67 –0.04 –0.01 43 6 4 3
Scenic and sightseeing transportation services ....................................... 4.3 88.3 4.5 0.9 0.01 0.24 0.02 0.00 15 28 29 29
Automotive equipment rental and leasing................................................. 1.5 16.3 5.6 2.0 0.03 0.26 0.10 0.04 88 102 108 110
Automotive repair services........................................................................ –10.6 107.1 –11.6 –1.8 –0.10 0.84 –0.19 –0.03 43 89 78 77
Parking lots and garages .......................................................................... –5.7 193.5 –14.4 –2.8 –0.02 0.49 –0.11 –0.02 14 41 35 34
Toll highways............................................................................................. –5.6 11.2 –3.2 –0.9 0.00 0.01 0.00 0.00 4 4 4 4
Travel arrangement and reservation services........................................... 3.3 7.4 1.3 0.3 0.11 0.23 0.04 0.01 171 184 187 187
Petroleum refineries.................................................................................. 6.8 0.0 0.3 –0.5 0.01 0.00 0.00 0.00 8 8 8 8
Gasoline service stations.......................................................................... 5.8 45.9 3.4 0.4 0.10 0.76 0.08 0.01 91 132 137 137
Recreation, entertainment, and shopping ....................................................... –1.2 1.6 –2.2 –0.9 –0.23 0.28 –0.38 –0.15 957 972 951 943
Recreation and entertainment...................................................................... 1.4 –4.9 –4.4 –1.0 0.14 –0.47 –0.40 –0.09 527 501 479 474
Motion pictures and performing arts......................................................... 17.1 31.6 –4.9 0.6 0.08 0.16 –0.03 0.00 28 37 35 36
Spectator sports........................................................................................ 9.3 –23.4 –9.4 –1.8 0.09 –0.24 –0.07 –0.01 57 43 39 39
Participant sports...................................................................................... –0.2 6.9 –4.8 –0.8 –0.01 0.26 –0.19 –0.03 206 220 210 208
Gambling................................................................................................... 1.2 –30.1 –1.3 –1.8 0.04 –0.97 –0.03 –0.04 176 123 122 120
All other recreation and entertainment...................................................... –5.2 28.9 –5.5 –0.7 –0.06 0.32 –0.08 –0.01 60 77 73 73
Shopping...................................................................................................... –4.3 9.5 0.3 –0.7 –0.37 0.75 0.02 –0.06 429 470 472 469
Industries producing nondurable PCE commodities, excluding petroleum
refineries................................................................................................ –1.8 15.9 0.3 –0.6 –0.04 0.32 0.01 –0.01 109 126 127 126
Retail trade services, excluding gasoline service stations........................ –5.0 7.4 0.3 –0.7 –0.33 0.43 0.02 –0.04 321 344 345 343
All other industries........................................................................................... 4.1 6.3 –0.7 –0.6 0.15 0.47 –0.01 –0.04 201 214 212 211
All other industries, excluding wholesale trade and transportation services –1.6 –0.6 –3.8 –1.2 –0.02 0.23 –0.03 –0.02 61 61 59 58
Wholesale trade and transportation services............................................... 6.8 9.3 0.6 –0.4 0.17 0.24 0.02 –0.01 140 153 154 153
PCE Personal consumption expenditures