The leading contributors to the third-quarter growth in travel and tourism were “traveler accommodations” and “passenger air transportation.” “Traveler accommodations” increased 8.3 percent after increasing 13.6 percent (revised) in the second quarter. In the third quarter “passenger air transportation” increased 12.4 percent after increasing 5.6 percent in the previous quarter.

Tourism Prices – Prices for travel and tourism goods and services decreased in the third quarter of 2016 by 0.5 percent following an increase of 1.4 percent (revised) in the 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 and 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.

Total Tourism-Related Output was $1.6 trillion in the third quarter of 2016. It consisted of $944.2 billion (57 percent) of direct tourism spending and $699.2 billion (43 percent) of indirect tourism-related spending.

Total Tourism-Related Employment was 7.7 million jobs in the third quarter of 2016, and consisted of 5.4 million (70 percent) direct tourism jobs and 2.3 million (30 percent) indirect tourism-related jobs.

Definitions:

Tourism spending. Total tourism-related spending consists of direct tourism output and indirect tourism output. Direct tourism output comprises all domestically produced goods and services purchased by travelers (for example, traveler accommodations and passenger air transportation). Indirect tourism output comprises all output required to support the production of direct tourism output (for example, toiletries for hotel guests and fuel for airplanes).

Tourism employment. Total tourism-related employment consists of direct tourism employment plus indirect tourism employment. Direct tourism employment comprises all jobs where the workers are engaged in the production of direct tourism output (for example, hotel staff and airline pilots). Indirect tourism employment comprises all jobs where the workers are engaged in the production of indirect tourism output (for example, workers producing hotel toiletries and delivering fuel to airlines).

These statistics are from BEA’s Travel and Tourism Satellite Accounts (TTSAs), which are supported by funding from the Office of Travel and Tourism Industries, International Trade Administration, U.S. Department of Commerce. The current-price statistics of direct tourism output were derived from BEA’s annual TTSAs and from current-price quarterly statistics of personal consumption expenditures from the National Income and Product Accounts (NIPAs). The real statistics of direct tourism output were developed using price indexes from the Bureau of Labor Statistics (BLS) and real quarterly statistics of personal consumption expenditures from the NIPAs. The statistics of direct tourism employment were derived from the annual TTSAs from BEA, the Quarterly Census of Employment and Wages (QCEW), and Current Employment Statistics (CES) from BLS.

Next release – Travel and Tourism statistics for Fourth Quarter, 2016 – Wednesday, March 15, 2017 at 8:30 A.M. EST.

Media:
Jeannine Aversa
301-278-9003
E-mail inquiries: travelandtourism@bea.gov
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