Saturday, 20th December 2008

U.S. Travel and Tourism Satellite Accounts: Third Quarter 2008

U.S. Travel and Tourism Satellite Accounts: Third Quarter 2008
Source: Bureau of Economic Analysis

Real spending on travel and tourism (spending adjusted for price changes) turned down sharply in 2008, decreasing at an annual rate of 8.1 percent—the largest decline since 2001. In 2008, real spending grew 2.8 percent (revised). By comparison, real gross domestic product (GDP) declined at an annual rate of 0.5 percent (preliminary) in 2008 after growing 2.8 percent in 2008:

• Passenger air transportation led the downturn—decreasing 20.4 percent in 2008 after decreasing 18.7 percent (revised) in 2008. Real spending on international flights fell sharply after two quarters of strong demand; spending on domestic flights declined for the fourth consecutive quarter.
• Spending on accommodations turned down, decreasing 3.0 percent in 2008 after a strong 19.5 percent increase in 2008. Hotel occupancy fell and room rates rose as hotels eliminated discounts intended to boost demand.
• Retail shopping by travelers dropped for only the second time in the past 3½ years, decreasing 6.9 percent in 2008 after increasing 4.7 percent (revised) in 2008.

+ Full Release and tables (PDF; 60 KB)

Category:

• Business and economics
• Transportation and travel

Source:

• Bureau of Economic Analysis

Views: 179

Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.

The FreePint Family is a family of resources to help information workers be more effective, raise the value of information in their organisations and contribute to success.

'FreePint... provides most of my professional development because it won't come through work and [other resources] just don't cut it.'

Read about the FreePint Family »

FreePint Shop: FreePint sells reports, resources and subscription products to support your information work and information-related decisions.

Latest: FUMSI Report: Folio on Conferences and Continuing Professional Development (26 Jan 2012) | FreePint Research Report: Information Governance Policies and Priorities (25 Jan 2012) | Docuticker Report: DocuTips on Health Literacy (19 Jan 2012) | VIP Magazine: 98 (18 Jan 2012) | VIP Report: Product Review of NovaRes (18 Jan 2012)

Browse the FreePint Shop »

FUMSI Forum: Do you have a research question? Post it to the FUMSI Forum, where professionals share Q&A and useful tips on how to Find, Use, Manage and Share Information. It's free.

Latest FUMSI Forum postings: Most Shared Content on Sharing Information (01 Feb 2012) | Our own worst enemy? - a FUMSI Editorial (01 Feb 2012) | [TIPPLE] eBook resources - Manage (31 Jan 2012) | "Frictionless sharing" - exploring the c (31 Jan 2012) | Most Shared Content on Managing Information (25 Jan 2012)

Visit the FUMSI Forum and post »

VIP LiveWire: Offers commentary on emerging news stories of interest to premium content users, vendors and industry insiders.

Latest VIP LiveWire postings: More ways for employers to poke around (01 Feb 2012) | Trust your supplier? Check with the Armadillo (01 Feb 2012) | Cloudy with a chance of... (01 Feb 2012) | Seven Sins: making information fun & meaningful (01 Feb 2012) | Freemium: from razor blades to info vendors (31 Jan 2012)

Visit the VIP LiveWire »