On Tuesday, June 22, the Bureau of Economic Analysis (BEA) will release quarterly estimates of tourism spending for the 1st quarter of 2010.
These estimates, part of BEA’s Travel and Tourism Satellite Accounts (TTSAs), provide a broad picture of travel and tourism spending in the U.S. by residents and international visitors and spending by U.S. residents abroad.
The TTSAs, available at 8:30 a.m. on BEA’s website (www.bea.gov) and by email subscription, will also include detailed estimates of direct tourism employment in the U.S., components of direct tourism spending (such as traveler accommodations, passenger air travel, meals, and souvenirs), and total tourism output.
The TTSAs can be used for the following purposes:
- To determine the shares of the goods and services sold to visitors;
- To assess the effects of travel and tourism on the U.S. economy;
- To compare national trends to locally observed trends;
- To examine the relationships among the travel and tourism industries;
To compare travel and tourism industries to other manufacturing and services industries.
Like quarterly estimates of Gross Domestic Product (GDP), quarterly estimates of travel and tourism spending are seasonally adjusted at annual rates.
The TTSAs are supported by funding from the Office of Travel and Tourism Industries, International Trade Administration, U.S. Department of Commerce. BEA has published these estimates since July 1998.