Travel and Tourism Satellite Accounts, 3rd quarter 2017
Real spending (output) on travel and tourism accelerated in the third quarter of 2017, growing at an annual rate of 6.6 percent after increasing 6.0 percent (revised) in the second quarter, according to new statistics released by the Bureau of Economic Analysis. Real gross domestic product (GDP) for the nation also accelerated, increasing 3.3 percent in the third quarter (second estimate) after increasing 3.1 percent in the second quarter of 2017.Current Release
Due to budget constraints, BEA is discontinuing production of quarterly travel and tourism estimates. Annual estimates, published each June in BEA’s Survey of Current Business, will continue to be produced with support from the Office of Travel and Tourism Industries, International Trade Administration, U.S. Department of Commerce.
- "U.S. Travel and Tourism Satellite Account for 2015-2017" By Sarah Osborne and Seth Markowitz - Survey of Current Business June 2018
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What is Travel and Tourism?
Measures how much tourists spend and the prices they pay for lodging, airfare, souvenirs, and other travel-related items. These statistics also provide a snapshot of employment in the travel and tourism industries.