News Release

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, THURSDAY, SEPTEMBER 8, 2005
BEA 05-39

Tourism Satellite Accounts, Second Quarter 2005



Available for this release: PDF IconFull Release: PDF (122 kb) | Background Information, XLS IconTables: XLS (83 kb)

envelope icon  Sign up for e-mail subscriptions.

 

Technical: Peter Kuhbach:
(202) 606-9543
 
BEA 05-39
  Bradlee Herauf: 606-9978    
Media: Ralph Stewart: 606-9690    
E-mail inquiries: industrysatellites@bea.gov    

TOTAL TOURISM-RELATED SALES TOP $1 TRILLION MARK

Total Tourism-Related Employment Up 0.8 Percent in First Quarter

Total sales of tourism-related goods and services have surpassed $1 trillion (current dollars, seasonally adjusted at annual rates), according to data released by the U.S. Bureau of Economic Analysis. Total tourism-related sales grew 9.4 percent in the second quarter of 2005 (seasonally adjusted at annual rates), from $1.003 trillion in the first quarter of 2005 to $1.026 trillion in the second quarter. These estimates incorporate BEA’s July 2005 annual revisions to the national income and product accounts, which covered the period Q2002:I through Q2005:I.

Chart 1. Total Tourism-Related Sales, Q2001:I - Q2005:II

The initial effects of Hurricane Katrina on travel and tourism will be reflected in the next release covering the third quarter of 2005.  Although the tourism accounts do not enable BEA to isolate regional impacts, the third quarter release will capture the effects of Hurricane Katrina on overall national travel and tourism activity.

Total tourism-related employment continued to grow more slowly than sales.  It grew 0.8 percent (seasonally adjusted at annual rates) in the first quarter of 2005, the most recent quarter for which data are available.  Total tourism-related employment consisted of 5.5 million direct tourism-related jobs, and 2.5 million indirect tourism-related jobs.

Chart 2. Total Tourism-Related Employment, Q2001:I - Q2005:I

Direct Tourism Sales

In the second quarter of 2005, total tourism-related sales consisted of $588.1 billion of direct tourism sales – sales of goods and services sold directly to visitors, and $438.1 billion of indirect tourism sales – sales of the goods and services used to produce what visitors buy. Growth in direct tourism sales was led by a 17.8 percent increase in ‘passenger air transportation’, although most of this growth was due to an increase in airfares. Sales of ‘all other transportation-related goods and services’ grew 13.5 percent, and sales of 'traveler accommodations’grew 11.0 percent.

Chart 3. Percent Changes in Direct Tourism Sales of Tourism Goods and Services, Q2005:II

Direct Tourism Employment

In the first quarter of 2005, direct tourism-related employment grew 0.9 percent, with growth in the ‘food and beverage services’ and ‘shopping’ industry groups of 2.6 percent and 1.5 percent, respectively. Employment held constant in the ‘traveler accommodations’ industry, while employment in the ‘air transportation services’ industry declined by 0.4 percent, as that industry continued to restructure. In the fourth quarter of 2004 direct tourism-related employment grew at 2.1 percent (revised).

Chart 4. Percent Changes in Direct Tourism Employment, Q2005:I

These estimates are from the Travel and Tourism Satellite Accounts, which are supported by funding from the Office of Travel and Tourism Industries, International Trade Administration, U.S. Department of Commerce. The estimates of direct tourism output were derived from the annual input-output (I-O) accounts for 2003 and quarterly estimates of personal consumption expenditures from the NIPAs. The estimates of direct tourism employment were derived from the annual I-O accounts for 2003 and from the Quarterly Census of Employment and Wages from the Bureau of Labor Statistics.

BEA’s estimates of tourism-related sales include figures for both “direct” and “indirect” sales. Direct tourism-related sales comprise all output consumed directly by visitors (e.g., traveler accommodations, passenger air transportation, souvenirs); indirect tourism-related sales comprise all output used as inputs in the process of producing direct tourism-related output (e.g., toiletries for hotel guests, the various ingredients used to make the meals served airline passengers, and the plastic used to produce souvenir key chains). Indirect sales were estimated using commodity-by-commodity output multipliers from the Industry Economics Division.

BEA’s estimates of tourism-related employment now measure both “direct” and “indirect” employment. Direct tourism-related employment comprises all jobs where the workers are engaged in the production of direct tourism-related output (e.g., hotel staff, airline pilots, and souvenir sellers); indirect tourism-related employment comprises all jobs where the workers are engaged in the production of indirect tourism-related output (e.g., employees of companies that produce toiletries for hotel guests, the various ingredients used to make the meals served airline passengers, and the plastic used to produce souvenir key chains). Indirect employment was estimated using industry-by-industry employment multipliers from the Regional Economic Analysis Division. Employment data are available five to six months after the end of the reference quarter.

Next release – Travel and Tourism estimates for third quarter 2005 will be released December 19, 2005 at 8:30 a.m. EST.  

BEA’s national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA’s Web site at www.bea.gov. By visiting the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements.

Table 1.  Percent Change in Direct Tourism Sales of Tourism Goods and Services, Q2001:I - Q2005:II
[Percent change from preceding period]
                                             
Tourism Goods and Services Group   Seasonally adjusted at annual rates
2001 2002 2003 2004 Q2001:I Q2001:II Q2001:III Q2001:IV Q2002:I Q2002:II Q2002:III Q2002:IV Q2003:I Q2003:II Q2003:III Q2003:IV Q2004:I Q2004:II Q2004:III Q2004:IV Q2005:I Q2005:II
Traveler accommodations -7.8 -0.1 0.8 9.4 -5.0 -12.9 -26.0 -21.7 38.7 14.2 -8.9 -3.5 -0.7 1.4 12.4 4.1 12.2 14.3 5.4 10.5 13.8 11.0
Passenger air transportation -13.2 -5.3 4.6 7.1 -15.0 -4.6 -43.4 -48.2 73.6 14.5 -16.8 18.3 2.6 -7.5 28.0 7.8 9.8 5.7 -6.0 5.2 17.3 17.8
All other transportation-related goods and services -0.4 -1.3 3.8 5.3 7.7 0.8 -17.7 -19.7 11.5 15.1 -2.8 4.1 12.7 -8.9 9.7 0.9 9.6 10.7 -3.4 9.9 7.4 13.5
Food services and drinking places 0.9 5.0 4.4 8.8 5.1 -5.4 6.2 4.3 10.7 4.4 2.0 2.0 1.5 7.7 8.6 10.0 11.7 5.4 6.9 10.0 6.5 6.7
Recreation and entertainment 2.1 6.2 4.5 7.1 7.2 -2.7 -5.9 1.4 16.8 7.6 7.2 8.7 -4.2 8.4 4.3 8.8 12.9 1.9 5.6 2.4 8.3 0.3
Shopping -5.9 0.1 4.1 6.8 -16.2 -6.5 -5.2 -1.6 4.7 0.7 -0.4 4.8 4.9 1.6 11.8 4.2 9.3 5.7 5.3 7.3 6.1 6.2
                                             
All tourism goods and services -4.5 0.4 3.7 7.4 -3.6 -5.2 -18.1 -16.9 23.4 9.6 -3.9 5.4 3.3 -0.4 12.4 5.7 10.8 7.5 1.9 7.8 9.8 9.6

 

Table 2.  Direct Tourism Sales of Tourism Goods and Services, Q2001:I - Q2005:II
[Millions of dollars]
                                             
Tourism Goods and Services Group   Seasonally adjusted at annual rates
2001 2002 2003 2004 Q2001:I Q2001:II Q2001:III Q2001:IV Q2002:I Q2002:II Q2002:III Q2002:IV Q2003:I Q2003:II Q2003:III Q2003:IV Q2004:I Q2004:II Q2004:III Q2004:IV Q2005:I Q2005:II
Traveler accommodations 81,246.4 81,126.4 81,781.9 89,451.3 87,720.8 84,744.5 78,596.7 73,923.5 80,226.3 82,930.9 81,030.9 80,317.5 80,168.2 80,449.3 82,840.6 83,669.3 86,103.2 89,026.9 90,197.9 92,477.2 95,515.0 98,050.2
Passenger air transportation 87,259.4 82,631.4 86,395.3 92,535.3 97,702.5 96,552.1 83,732.6 71,050.2 81,555.4 84,361.5 80,574.9 84,033.7 84,569.9 82,927.0 88,210.3 89,873.8 91,990.5 93,282.6 91,844.3 93,023.9 96,817.8 100,863.6
All other transportation-related goods and services 101,470.0 100,125.1 103,934.8 109,395.6 105,162.0 105,375.2 100,355.5 94,987.2 97,607.8 101,099.2 100,392.9 101,400.4 104,477.5 102,077.4 104,468.6 104,715.5 107,150.2 109,907.0 108,957.9 111,567.4 113,579.2 117,227.5
Food services and drinking places 83,730.3 87,943.6 91,804.5 99,909.6 83,742.2 82,596.9 83,843.4 84,738.6 86,910.1 87,853.2 88,284.0 88,727.3 89,049.3 90,712.6 92,611.5 94,844.4 97,507.7 98,790.2 100,457.7 102,883.0 104,510.6 106,230.0
Recreation and entertainment 60,591.6 64,336.4 67,216.4 71,955.8 61,310.9 60,899.1 59,976.1 60,180.2 62,567.9 63,727.9 64,838.4 66,211.5 65,505.8 66,837.3 67,541.3 68,981.1 71,108.6 71,439.9 72,426.3 72,848.6 74,314.6 74,368.7
Shopping 77,794.3 77,891.8 81,090.1 86,634.3 79,376.8 78,061.4 77,023.4 76,715.4 77,598.1 77,742.7 77,660.1 78,566.6 79,504.8 79,828.4 82,091.4 82,936.0 84,805.2 85,983.8 87,095.9 88,652.4 89,970.3 91,326.2
                                             
All tourism goods and services 492,091.8 494,054.7 512,222.8 549,882.1 515,015.1 508,229.2 483,527.8 461,595.2 486,465.5 497,715.3 492,781.1 499,257.0 503,275.5 502,832.1 517,763.7 525,020.2 538,665.5 548,430.3 550,980.0 561,452.5 574,707.6 588,066.2

 

Table 3.  Total Tourism-Related Sales of Tourism Goods and Services, Q2001:I - Q2005:II
[Millions of dollars]
                                             
Tourism Goods and Services Group   Seasonally adjusted at annual rates
2001 2002 2003 2004 Q2001:I Q2001:II Q2001:III Q2001:IV Q2002:I Q2002:II Q2002:III Q2002:IV Q2003:I Q2003:II Q2003:III Q2003:IV Q2004:I Q2004:II Q2004:III Q2004:IV Q2005:I Q2005:II
Traveler accommodations 124,008.5 123,825.4 124,825.8 136,531.9 133,890.6 129,347.7 119,964.3 112,831.4 122,451.5 126,579.7 123,679.6 122,590.7 122,362.9 122,792.0 126,441.9 127,706.7 131,421.7 135,884.2 137,671.4 141,150.4 145,787.1 149,656.7
Passenger air transportation 144,686.2 137,012.4 143,253.3 153,434.3 162,002.1 160,094.6 138,838.4 117,809.5 135,228.3 139,881.1 133,602.5 139,337.6 140,226.7 137,502.6 146,262.9 149,021.2 152,531.0 154,673.3 152,288.5 154,244.4 160,535.2 167,243.5
All other transportation-related goods and services 171,642.7 169,179.6 175,675.0 185,395.8 177,916.5 178,464.4 169,885.8 160,304.3 164,809.3 170,866.3 169,618.0 171,424.7 176,757.2 172,374.8 176,603.9 176,964.0 181,392.1 186,340.3 184,600.0 189,251.0 192,793.5 199,110.2
Food services and drinking places 156,458.2 164,331.3 171,545.6 186,690.9 156,480.4 154,340.4 156,669.7 158,342.4 162,400.1 164,162.2 164,967.2 165,795.7 166,397.4 169,505.5 173,053.6 177,226.0 182,202.6 184,599.1 187,715.1 192,246.9 195,288.2 198,501.2
Recreation and entertainment 99,661.9 105,870.8 110,612.8 118,342.6 100,855.0 100,149.7 98,636.6 99,006.3 102,945.2 104,866.5 106,665.1 109,006.4 107,809.4 109,976.7 111,153.1 113,512.2 116,966.9 117,522.1 119,106.7 119,774.6 122,191.2 122,166.8
Shopping 161,384.8 161,587.3 168,222.2 179,723.6 164,667.7 161,939.1 159,785.7 159,146.7 160,977.8 161,277.8 161,106.4 162,987.1 164,933.3 165,604.7 170,299.2 172,051.5 175,929.1 178,374.1 180,681.2 183,910.1 186,644.2 189,457.0
                                             
All tourism goods and services 857,842.3 861,806.7 894,134.8 960,119.2 895,812.4 884,335.9 843,780.5 807,440.6 848,812.2 867,633.6 859,638.9 871,142.2 878,486.9 877,756.2 903,814.4 916,481.6 940,443.4 957,393.0 962,062.8 980,577.5 1,003,239.4 1,026,135.4
Percent change at annual rate -4.4 0.5 3.8 7.4 -3.9 -5.0 -17.1 -16.1 22.1 9.2 -3.6 5.5 3.4 -0.3 12.4 5.7 10.9 7.4 2.0 7.9 9.6 9.4

 

Table 4.  Percent Change in Direct Tourism Employment, Q2001:I - Q2005:I
[Percent change from preceding period]
                                           
Tourism industry group   Seasonally adjusted at annual rates
2001 2002 2003 2004 Q2001:I Q2001:II Q2001:III Q2001:IV Q2002:I Q2002:II Q2002:III Q2002:IV Q2003:I Q2003:II Q2003:III Q2003:IV Q2004:I Q2004:II Q2004:III Q2004:IV Q2005:I
Traveler accommodations -2.6 -3.4 -0.8 1.1 -3.2 -4.5 -4.0 -16.8 0.4 4.6 -0.7 -1.1 -0.4 -4.6 0.5 2.5 1.0 1.5 1.9 2.1 0.0
Air transportation services -0.7 -8.5 -3.8 -0.9 0.6 -2.7 -3.5 -23.0 -15.8 4.9 1.5 -1.2 -5.2 -10.5 -5.2 -0.7 2.1 0.9 -1.4 1.1 -0.4
All other transportation-related industries -0.4 -5.8 -5.8 -1.7 5.9 -0.5 -3.5 -15.5 -3.9 -2.7 -3.6 -5.1 -8.4 -7.6 -5.4 -0.8 -2.5 0.7 0.7 0.7 -0.6
Food and beverage services -0.8 2.5 -0.3 2.6 -2.8 -0.6 0.1 1.0 6.0 3.8 1.2 0.2 -4.0 -0.4 1.9 2.7 3.4 2.0 3.2 3.2 2.6
Recreation and entertainment 1.9 -0.3 -0.9 2.4 -2.0 0.1 2.7 5.4 -8.7 3.1 1.4 -0.7 -3.5 -1.3 -0.1 0.2 6.3 2.8 1.6 2.8 -0.2
Shopping (Retailers) -4.4 -3.7 -3.0 -0.1 -4.6 -6.6 -6.1 -5.3 -2.1 -2.0 -2.9 -3.5 -5.1 -2.6 -1.1 0.3 -0.2 1.0 -0.3 0.0 1.5
All other industries -1.9 -2.4 -0.7 1.3 -2.7 -3.3 -3.0 -1.7 -6.3 1.0 -0.2 -0.2 -1.5 -1.1 -1.1 0.7 1.9 2.6 1.5 2.7 1.7
                                           
All tourism industries -1.3 -2.2 -1.8 1.1 -1.6 -2.4 -2.2 -8.6 -1.8 2.5 -0.3 -1.4 -3.8 -3.6 -0.6 1.3 1.9 1.7 1.6 2.1 0.9

 

Table 5.  Direct Tourism Employment, Q2001:I - Q2005:I
[Thousands of employees]
                                           
Tourism industry group   Seasonally adjusted at annual rates
2001 2002 2003 2004 Q2001:I Q2001:II Q2001:III Q2001:IV Q2002:I Q2002:II Q2002:III Q2002:IV Q2003:I Q2003:II Q2003:III Q2003:IV Q2004:I Q2004:II Q2004:III Q2004:IV Q2005:I
Traveler accommodations    1,370    1,323    1,313    1,328    1,405    1,389     1,374      1,313    1,314    1,329     1,327      1,323    1,321    1,306     1,308      1,316    1,319    1,324     1,330      1,337    1,337
Air transportation services       595       545       524       519       611       606        601         563       539       546        548         546       539       524        517         516       519       520        518         520       519
All other transportation-related industries       700       660       621       610       711       710        704         675       668       664        658         649       635       623        614         613       609       610        611         612       611
Food and beverage services    1,594    1,635    1,630    1,672    1,595    1,593     1,593      1,597    1,621    1,636     1,641      1,642    1,625    1,624     1,631      1,642    1,656    1,664     1,678      1,691    1,702
Recreation and entertainment       597       595       590       604       593       593        597         605       591       596        598         597       592       590        590         590       599       603        606         610       609
Shopping (Retailers)       566       546       529       528       580       570        562         554       551       548        544         539       532       529        527         528       527       529        528         528       530
All other industries       201       196       195       197       203       201        200         199       196       196        196         196       195       195        194         194       195       197        197         199       200
                                           
All tourism industries    5,624    5,499    5,402    5,459    5,697    5,663    5,631      5,506    5,480    5,515    5,511      5,492    5,439    5,389    5,381      5,399    5,425    5,447    5,468      5,496    5,508

 

Table 6.  Total Tourism-Related Employment, Q2001:I - Q2005:I
[Thousands of employees]
                                           
Tourism industry group   Seasonally adjusted at annual rates
2001 2002 2003 2004 Q2001:I Q2001:II Q2001:III Q2001:IV Q2002:I Q2002:II Q2002:III Q2002:IV Q2003:I Q2003:II Q2003:III Q2003:IV Q2004:I Q2004:II Q2004:III Q2004:IV Q2005:I
Traveler accommodations    1,686    1,628    1,616    1,634    1,729    1,709     1,691      1,616    1,617    1,636     1,633      1,628    1,626    1,607     1,609      1,619    1,623    1,629     1,637      1,646    1,646
Air transportation services    1,054       965       928       920    1,082    1,074     1,065         997       955       967        970         967       954       928        916         914       919       921        918         921       920
All other transportation-related industries    1,208    1,141    1,085    1,071    1,226    1,225     1,215      1,166    1,154    1,146     1,138      1,126    1,107    1,087     1,074      1,072    1,067    1,069     1,073      1,076    1,075
Food and beverage services    2,132    2,186    2,180    2,236    2,133    2,130     2,131      2,136    2,167    2,188     2,195      2,195    2,173    2,171     2,181      2,196    2,215    2,226     2,243      2,261    2,275
Recreation and entertainment       878       877       870       889       872       872        878         891       870       878        881         880       872       869        869         869       882       888        891         897       896
Shopping (Retailers)       968       927       896       889       997       976        957         942       937       931        924         916       904       897        892         890       889       891        889         887       889
All other industries       343       336       333       337       346       344        341         340       335       336        336         336       334       333        332         332       334       336        337         339       341
                                           
All tourism industries    8,270    8,060    7,907    7,976    8,384    8,330    8,278      8,088    8,035    8,081    8,076      8,048    7,971    7,893    7,872      7,893    7,929    7,960    7,988      8,026    8,042
Percent change at annual rate -1.5 -2.5 -1.9 0.9 -2.0 -2.6 -2.5 -8.9 -2.6 2.3 -0.2 -1.4 -3.8 -3.9 -1.0 1.0 1.8 1.6 1.4 1.9 0.8


 

r

Last updated: