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TI News: An information service from the National Travel & Tourism Office (NTTO)
September 11, 2014
U.S. Travel and Tourism Satellite Account: First Quarter 2014
The U.S. Department of Commerce recently announced that total travel and tourism employment rose 2.1 percent to nearly 7.7 million tourism-related jobs during the first quarter of 2014, marking the sixteenth consecutive quarter of job growth.
The Bureau of Economic Analysis, through funding provided by the International Trade Administration, National Travel and Tourism Office, produces the U.S Travel and Tourism Satellite Accounts (TTSAs) from which these estimates were derived.
Travel and Tourism Satellite Accounts form an indispensable statistical instrument that allows the United States to measure the relative size and importance of the travel and tourism industry, along with its contribution to gross domestic product (GDP).
Approved by the United Nations in March 2002 and endorsed by the U.N. Statistical Commission, TTSAs have become the international standard by which travel and tourism is measured. In fact, more than fifty countries around the world have embraced travel and tourism satellite accounting as the only comprehensive, comparable, and credible measure of travel and tourism and its impact on national economies.
For more information on TTSAs, please visit: < http://travel.trade.gov/research/programs/satellite/index.html >.
Subscribe to the Bureau of Economic Analysis’ TTSA newsletter: < http://www.bea.gov/_subscribe/index_vocus.htm >.