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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.

  • Tourism Prices. Overall growth in prices for travel and tourism goods and services turned up in the first quarter of 2014, increasing 2.3 percent following an ever-so-slight (0.2 percent) decrease in the fourth quarter. The upturn was mainly attributable to an upturn in prices for traveler accommodations, which increased 13.2 percent in the first quarter after decreasing 8.0 percent in the fourth quarter. In contrast, prices for passenger air transportation turned down, decreasing 5.5 percent in the first quarter after increasing 7.0 percent in the fourth quarter.

  • Tourism Spending. Real spending on recreation and entertainment turned down, decreasing 11.2 percent in the first quarter after increasing 0.9 percent in the fourth quarter. Real spending on food services and drinking places also turned down, decreasing 3.5 percent in the first quarter after increasing 7.4 percent in the fourth quarter.

  • Tourism Employment. Employment in the travel and tourism industries continues to rise, increasing 2.1 percent in the first quarter of 2014 after increasing 2.7 percent in the fourth quarter of 2013. By comparison, overall U.S. employment increased 1.5 percent in the first quarter after increasing 1.8 percent in the fourth quarter. Air transportation services and food services and drinking places were significant contributors to employment growth.


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 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: < https://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 >.