Travel and Tourism Satellite Accounts, 4th Quarter and Annual 2009

Real spending on travel and tourism increased at an annual rate of 3.9 percent in 2010:1, following a decrease of 1.5 percent (revised) in 2009:4. By comparison, real gross domestic product (GDP) increased 3.0 percent (second estimate) in 2010:1 after increasing 5.6 percent in 2009:4. Travel and tourism prices increased 3.5 percent in 2010:1 after increasing 6.5 percent (revised) in 2009:4. Full Text

Real spending on travel and tourism declined at an annual rate of 1.4 percent in 2009:2 (that is, from the first quarter to the second quarter) after declining 8.9 percent (revised) in 2009:1. By comparison, real gross domestic product (GDP) decreased 1.0 percent (second estimate) in 2009:2 after decreasing 6.4 percent in 2009:1. Travel and tourism prices continued to decline but at a slower rate-decreasing 3.5 percent in 2009:2 after decreasing 10.6 percent (revised) in 2009:1.

Real spending on travel and tourism increased at an annual rate of 2.5 percent in the fourth quarter of 2010, following an increase of 8.6 percent (revised) in the third quarter of 2010. By comparison, real gross domestic product (GDP) increased 2.8 percent (second estimate) in the fourth quarter, after increasing 2.6 percent in the third quarter. Overall growth in prices for travel and tourism goods and services accelerated, increasing 3.4 percent in the fourth quarter of 2010 following a 0.2 percent (revised) increase in the third quarter.

Real spending on travel and tourism turned up in the fourth quarter of 2012, increasing at an annual rate of 1.8 percent after decreasing 0.7 percent (revised) in the third quarter. By comparison, growth in real gross domestic product (GDP) increased 0.1 percent (second estimate) in the fourth quarter of 2012 after increasing 3.1 percent in the third quarter. For the year, real spending on travel and tourism increased 2.7 percent in 2012 after increasing 3.2 percent in 2011. By comparison, real GDP increased 2.2 percent in 2012 after increasing 1.8 percent in 2011.

Real gross domestic product increased at an annual rate of 2.0% in the third quarter, reaching a annual rate of $14,730 billion (that is, from the second quarter to the third quarter), according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.7%. The 3rd quarter real USA GDP was up 3.1% compared to the 3rd quarter of 2009. Just scanning the headlines gives a hint why investors are moving money into emerging markets: China up 9.6%, India 8.8%, Brazil 8.8%.

Real spending on travel and tourism declined at an annual rate of 5.9 percent in 2009:1 after decreasing 6.9 percent (revised) in 2008:4. By comparison, real gross domestic product (GDP) decreased 5.7 percent (preliminary) in 2009:1 after a decrease of 6.3 percent in 2008:4.

Real spending on travel and tourism increased at an annual rate of 0.6 percent in the first quarter of 2011, following an increase of 2.6 percent (revised) in the fourth quarter of 2010. By comparison, real gross domestic product (GDP) increased 1.8 percent in the first quarter, after increasing 3.1 percent in the fourth quarter. The slowdown in real spending on tourism reflected a downturn in both domestic and international passenger air transportation as passengers faced higher ticket prices.

Real spending on travel and tourism increased at an annual rate of 3.0 percent in 2010:2, following an increase of 5.0 percent (revised) in 2010:1. By comparison, real gross domestic product (GDP) increased 1.6 percent (second estimate) in 2010:2 after increasing 3.7 percent in 2010:1. Travel and tourism prices increased 2.7 percent in 2010:2 after increasing 4.1 percent (revised) in 2010:1. Full Text