April 20, 2017
U.S. Travel and Tourism Satellite Account: Q4 2016
The leading contributors to the fourth-quarter downturn in travel and tourism were “Passenger air transportation” and “Traveler accommodations.” “Passenger air transportation” decreased 15.1 percent after increasing 2.0 percent (revised) in the previous quarter. “Traveler accommodations” decreased 5.9 percent after increasing 8.3 percent (revised) in the third quarter.
Source: U.S. Department of Commerce, Bureau of Economic Analysis, U.S. Travel and Tourism Satellite Account (TTSA).
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 Account (TTSA) 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.asp>.
To view the Q4 2016 report in its entirety, please visit: <http://travel.trade.gov/research/programs/satellite/tour416.pdf>.
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