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TI News: An information service from Office of Travel & Tourism Industries (OTTI)
July 20, 2011
International Visitor Spending Data Revised: 1999-2010
The Bureau of Economic Analysis (BEA) recently released annual revisions of the U.S. international transactions accounts (ITAs). Through annual revisions, BEA introduces new definitions and classifications, newly available and more complete source data, improved methodologies, and new and updated presentations. Taken together, these changes improve the reliability and consistency of the statistics and address important new developments in the U.S. and international economies.
Despite several relatively large changes to other accounts, this annual revision has not significantly altered the overall picture of U.S. international transactions for the past several years and has only impacted the travel and tourism-related data ever-so-slightly.
As a result, the Office of Travel and Tourism Industries recently revised the follow reports/data:
United States Travel and Tourism Exports, Imports, and the Balance of Trade report for 2010.
Top 10 International Markets: Visitation and Spending report for 2010.
Monthly Visitor Spending (Exports/Imports/Balance) in Excel
Annual Visitor Spending (1960-Present) in Excel
Revisions impact total exports and imports for: Canada, Europe, Belgium, Luxembourg, France, Germany, Italy, Netherlands, United Kingdom, Latin America/Other Western Hemisphere, South/Central America, Argentina, Brazil, Mexico, Africa, South Africa, Middle East, Asia/Pacific, Australia, China, Hong Kong, India, Japan, Korea, Singapore, the EU and all overseas: < http://tinet.ita.doc.gov/research/reports/recpay/index.html >
Additionally, the market profiles for the countries and regions previous stated were also revised:
U.S. Travel and Tourism Balance of Trade: 2000 - 2010 (All Countries)
U.S. Travel and Tourism Balance of Trade: 1991 - 2000 (All Countries)
Please visit BEA’s website to learn more about the annual revisions: