Travel and Tourism Satellite Account, 2019
The travel and tourism industry—as measured by the real output of goods and services sold directly to visitors—decelerated to 1.5 percent growth in 2019 after increasing 4.1 percent in 2018, according to the most recent statistics from the Travel and Tourism Satellite Account.
Real output increased in 19 of 24 commodities in 2019. The largest contributors to the increase included international passenger air transportation services, domestic passenger air transportation services, and automotive rental and leasing.
Prices for tourism goods and services increased 1.4 percent in 2019. The largest contributor to the increase in 2019 was the price of traveler accommodations, which increased 3.0 percent.Read the Article
- "U.S. Travel and Tourism Satellite Account for 2015–2019" By Sarah Osborne - Survey of Current Business December 2020
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