News Release

FOR WIRE TRANSMISSION: 10:30 A.M. EST, MONDAY, MARCH 17, 2003
BEA 03-08

Tourism Satellite Accounts, Fourth Quarter 2002




The tables in this release are available in an XLS spreadsheet and the entire release is available in PDF format.
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		Peter Kuhbach:	(202)	606-5584	       		           		BEA 03-08
	Stephen Gross:		606-5584
	E-mail inquiries:	industrysatellites@bea.gov


				SALES OF U.S. TOURISM INDUSTRIES: FOURTH QUARTER 2002

	Total U.S. tourism industry sales increased 4.6 percent (seasonally adjusted annual rate) to $709.8 

	billion in the fourth quarter of 2002, according to preliminary estimates by the U.S. Bureau of 

	Economic Analysis.  Although tourism continues to recover from its fourth quarter 2001 trough, it 

	remains well below its pre-September 11, 2001 peak.  In the third quarter, tourism industry sales 

	decreased 7.4 percent.

	
	Direct tourism industry sales increased $4.2 billion to $380.8 billion.  Direct tourism sales are 

	sales by tourism industries to out-of-town visitors.  Examples are sales by airlines and restaurants to

	leisure and business travelers.  Direct sales of air transportation grew $2.3 billion in the fourth 

	quarter to $91.6 billion, sales of eating and drinking places grew $1.7 billion to $63.8 billion, and 

	sales of motion pictures and other entertainment grew $1.2 billion to $8.9 billion.  Partly offsetting 

	these increases were a decrease in sales of hotel and lodging places of $0.6 billion to $110.6 billion 

	and a decrease in sales of automotive rental and leasing of $1.1 billion to $23.2 billion.

	
	Indirect tourism industry sales increased $3.8 billion to $329.1 billion.  Indirect tourism sales are 

	sales to tourism industries by the industries that supply them.  Examples are sales of fuel to airlines 

	and food to restaurants.



	
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	Year 2002

	For the year 2002, total U.S. tourism industry sales decreased 0.5 percent to $706.7 billion.  Although 

	tourism sales increased in three of the four quarters of 2002, high pre-September 11, 2001 sales mean 

	that total 2001 sales exceed total sales in 2002.  In 2001, tourism industry sales decreased 3.7 percent.
	
	Direct tourism industry sales decreased $1.8 billion to $379.2 billion.  Direct sales of air 

	transportation fell $11.0 billion to $92.2 billion, and sales of travel agency services fell $0.4 

	billion to $3.8 billion.  Offsetting these decreases were an increase in sales of eating and drinking 

	places of $3.2 billion to $62.5 billion, an increase in sales of hotels and lodging places of $1.3 

	billion to $111.0 billion, and an increase in sales of automobile renting and leasing of $1.9 billion 

	to $23.5 billion.

	
	Indirect tourism industry sales decreased $1.4 billion to $327.5 billion.  The largest of these 

	industries include food and kindred products, petroleum refining and related products, and business 

	and professional services.


	Tourism industries are those identified in BEA's Travel and Tourism Satellite Accounts (TTSA) as 

	industries whose primary products are typically purchased by out-of-town visitors.  Visitors are 

	people whose travel for pleasure or business takes them 50 miles or more away from home, or outside 

	of their usual environment.  The definitions, framework, and estimating methods used for the U.S. 

	TTSA's follow, as closely as practicable, the guidelines for similar accounts that were developed 

	by the World Tourism Organization (WTO) and the Organisation for Economic Co-operation and Development 

	(OECD).


	BEA's estimates of U.S. tourism industry sales include figures for both direct and indirect sales.  

	Direct tourism sales are sales by tourism industries to out-of-town visitors.  Indirect tourism sales 

	are sales to tourism industries by the industries that supply them.  Indirect sales were estimated 

	using industry-by-industry total requirements coefficients from BEA's input-output accounts. 

	Further information on BEA's TTSA and analyses of previous quarters are available on BEA's Web site.  

	Go to <www.bea.gov>, click on "GDP by industry and input-output data," and look under 

	"Satellite Accounts -- Tourism."  With the support of the U.S. Department of Commerce's International 

	Trade Administration, BEA's first TTSA's were published in the July 1998 Survey of Current Business.  

	In late 2001, BEA began producing prototype quarterly estimates of tourism industry sales.  

	Henceforth, BEA will publish these estimates on a regular basis, approximately two weeks following 

	the release of BEA's preliminary estimates of GDP - - June 12, 2003, September 12, 2003, and 

	December 10, 2003. 




								- more -




	BEA's major national, international, regional, and industry estimates; the Survey of Current Business; 

	and BEA news releases are available without charge on BEA's Web site:
                                       		
							    <www.bea.gov>

	Summary BEA estimates are available on recorded messages at the time of public release at the 

	following telephone numbers:

                                		(202)  606-5306   Gross domestic product
                                           	606-5303   Personal income and outlays
                                           	606-5362   U.S. international transactions

	Most of BEA's estimates and analyses appear in the Survey of Current Business, BEA's monthly journal.  

	Subscriptions and single copies of the printed Survey are for sale

	by the Superintendent of Documents, U.S. Government Printing Office.  Internet: 

	<bookstore.gpo.gov>; phone: 202-512-1800; fax: 202-512-2250; mail: Stop SSOP, Washington, DC 20402-0001.
	
                               			*          *          *

	Next release - Sales of U.S. Tourism Industries for First Quarter 2003 will be released on
                                            
						June 12, 2003 at 10:30 A.M. EST.  




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Table 1. -- Total (Direct & Indirect) Tourism-related Sales of Tourism Industries
     Percent Change from Preceding Period


                                                                      Seasonally adjusted at annual rates
Tourism Industry                                       Y2001   Y2002  Q2001: IQ2001: IQ2001: IQ2002: IQ2002: IQ2002: IQ2002: IV

Hotels and lodging places                                 -4.6     1.2    -7.4   -23.5   -13.5    27.4    16.2    -7.2    -2.0
Eating and drinking places                                 4.4     5.5     0.0     2.2     3.3    14.3     2.4    -0.3    11.3
Railroads and related services                             8.0     1.0     2.3     6.0    32.7     5.5    -8.3   -31.4    -3.6
Local and bus passenger transit                           -6.6    -7.9    -8.1    -5.1   -13.6    -4.5    -6.6    -8.3   -11.4
Taxicabs                                                   2.9     3.4     3.1     5.4     2.6     2.6     5.2     2.0     2.1
Air transportation                                       -13.1   -10.6   -15.2   -46.7   -44.6    53.5     8.0   -21.2    10.6
Water transportation                                       7.7     8.1     9.7     5.1    10.6     5.2    10.0     8.8    10.0
Automotive rental and leasing                              1.6     9.0    -4.3   -18.6     3.8    39.9    13.7     8.9   -16.6
Travel agency services                                    -8.5    -9.5   -10.9    -4.5   -14.7    -9.2    -4.4   -13.4   -10.1
Amusement and recreation services                          6.5     3.7     4.1    -0.8    -0.9     3.6     7.2     9.4     5.1
Membership sports and recreation clubs                     3.1     2.8     4.6     5.0     3.3     3.4     2.1     0.5    -0.1
Motion pictures and other entertainment                    9.5     7.1    15.1    -9.0    57.8   -13.9    20.4   -31.2    74.7
Professional sports clubs and promoters                    6.4     5.4    17.4   -28.9    54.5    -7.4     8.0     8.2    -1.1
Gasoline service stations                                 -1.4    -2.2    21.7   -24.4   -42.9     0.3    62.7     7.1     9.1
Retail excluding restaurants and gas stations              3.8     3.8     1.3     2.5     5.0     7.4     0.6     1.6     4.7

Percent change at annual rate                             -3.7    -0.5    -6.1   -23.0   -15.7    25.0     9.4    -7.4     4.6


Source:  U.S. Bureau of Economic Analysis

Table 2. -- Direct Tourism-related Sales of Tourism Industries
            [Billions of dollars]

                                                                      Seasonally adjusted at annual rates
Tourism Industry                               Y2000   Y2001   Y2002  Q2001: IQ2001: IQ2001: IQ2001: IQ2002: IQ2002: IQ2002: IQ2002: IV

Hotels and lodging places                        115.0   109.7   111.0   116.0   113.8   106.4   102.6   109.1   113.2   111.1   110.6
Eating and drinking places                        56.7    59.2    62.5    58.9    59.0    59.3    59.8    61.8    62.2    62.1    63.8
Railroads and related services                     1.3     1.4     1.4     1.3     1.4     1.4     1.5     1.5     1.5     1.3     1.3
Local and bus passenger transit                    2.9     2.7     2.5     2.8     2.8     2.7     2.6     2.6     2.6     2.5     2.4
Taxicabs                                           4.6     4.8     4.9     4.7     4.7     4.8     4.8     4.9     4.9     4.9     5.0
Air transportation                               118.8   103.2    92.2   118.1   113.4    96.9    83.6    93.0    94.8    89.3    91.6
Water transportation                               7.8     8.4     9.0     8.1     8.3     8.4     8.6     8.7     8.9     9.1     9.3
Automotive rental and leasing                     21.3    21.6    23.5    22.3    22.0    20.9    21.1    23.0    23.7    24.3    23.2
Travel agency services                             4.6     4.2     3.8     4.3     4.2     4.2     4.0     3.9     3.9     3.7     3.6
Amusement and recreation services                 15.2    16.2    16.8    16.1    16.2    16.2    16.2    16.3    16.6    17.0    17.2
Membership sports and recreation clubs             5.9     6.1     6.2     6.0     6.0     6.1     6.2     6.2     6.3     6.3     6.3
Motion pictures and other entertainment            7.1     7.8     8.3     7.5     7.7     7.5     8.4     8.1     8.5     7.8     8.9
Professional sports clubs and promoters            1.8     1.9     2.0     1.9     1.9     1.8     2.0     2.0     2.0     2.0     2.0
Gasoline service stations                          3.2     3.2     3.1     3.3     3.4     3.2     2.8     2.8     3.2     3.2     3.3
Retail excluding restaurants and gas stations     29.6    30.7    31.9    30.4    30.5    30.7    31.1    31.7    31.7    31.8    32.2

All tourism industries                           395.7   381.0   379.2   401.8   395.5   370.6   355.3   375.5   383.9   376.6   380.8



Source:  U.S. Bureau of Economic Analysis																		
Table 3. -- Total (Direct & Indirect) Tourism-related Sales of Tourism Industries
            [Billions of dollars]

                                                                      Seasonally adjusted at annual rates
Tourism Industry                               Y2000   Y2001   Y2002  Q2001: IQ2001: IQ2001: IQ2001: IQ2002: IQ2002: IQ2002: IQ2002: IV

Hotels and lodging places                        205.8   196.4   198.7   207.6   203.7   190.5   183.7   195.2   202.7   198.9   197.9
Eating and drinking places                       116.8   122.0   128.7   121.4   121.4   122.1   123.1   127.3   128.1   128.0   131.4
Railroads and related services                     2.3     2.4     2.5     2.4     2.4     2.4     2.6     2.6     2.6     2.3     2.3
Local and bus passenger transit                    5.2     4.8     4.4     5.0     4.9     4.8     4.6     4.6     4.5     4.4     4.3
Taxicabs                                           8.1     8.4     8.7     8.3     8.3     8.4     8.5     8.6     8.7     8.7     8.7
Air transportation                               224.6   195.0   174.3   223.2   214.3   183.1   157.9   175.8   179.2   168.9   173.2
Water transportation                              16.6    17.9    19.3    17.3    17.7    18.0    18.4    18.7    19.1    19.5    20.0
Automotive rental and leasing                     42.1    42.8    46.6    44.1    43.6    41.5    41.9    45.5    47.0    48.0    45.9
Travel agency services                             8.0     7.3     6.7     7.6     7.4     7.3     7.0     6.9     6.8     6.6     6.4
Amusement and recreation services                 26.6    28.3    29.4    28.1    28.4    28.4    28.3    28.6    29.1    29.7    30.1
Membership sports and recreation clubs            10.3    10.6    10.9    10.5    10.6    10.7    10.8    10.9    10.9    11.0    11.0
Motion pictures and other entertainment           12.5    13.6    14.6    13.0    13.5    13.2    14.8    14.2    14.9    13.6    15.6
Professional sports clubs and promoters            3.1     3.3     3.5     3.3     3.4     3.1     3.5     3.4     3.5     3.6     3.6
Gasoline service stations                          9.1     9.0     8.8     9.3     9.7     9.1     7.9     7.9     8.9     9.1     9.3
Retail excluding restaurants and gas stations     46.2    47.9    49.7    47.5    47.6    47.9    48.5    49.4    49.5    49.7    50.3

All tourism industries                           737.2   709.9   706.7   748.7   737.1   690.5   661.6   699.5   715.4   701.8   709.8



Source:  U.S. Bureau of Economic Analysis