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News Release: Sales of U.S. Tourism Industries

The tables in this release are available in an XLS spreadsheet and the entire release is available in PDF format.
Additional background information is also available.


EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, JUNE 10, 2004

Technical: Peter Kuhbach:
(202)
606-9543 BEA 04-26
  Bradlee Herauf:   606-9978
Media: Ralph Stewart:   606-9690
E-mail inquiries: industrysatellites@bea.gov

BEA REPORTS SALES OF U.S. TOURISM INDUSTRIES GREW 11.6 PERCENT IN FIRST QUARTER 2004

Tourism Sales Exceed Fourth Quarter 2000 Peak

Total sales of U.S. tourism industries grew 11.6 percent (seasonally adjusted annual rate) in the first 
quarter of 2004, following growth of 0.4 percent (revised) in the fourth quarter of 2003, according to 
preliminary data released by the U.S. Bureau of Economic Analysis. Current dollar GDP grew 7.2 percent in 
the first quarter. Total tourism-related sales were $757.7 billion in the first quarter of 2004, which 
exceeded the previous peak of $746.7 billion in the fourth quarter of 2000. This recovery in tourism sales
is attributable to mixed growth in the two largest tourism industries, air transportation and hotels and 
lodging places, and strong growth in other tourism industries such as eating and drinking places, amusement 
and recreation services, and motion pictures and other entertainment.
  
While overall tourism sales now exceed the fourth quarter 2000 peak, there have been significant changes in 
the structure of those sales. Sales of air transportation and hotels and lodging places were hit hard by the 
events of September 11, 2001, and they still have not reached their fourth quarter 2000 peak. In contrast, 
other tourism industries grew at a 5.4 percent annualized rate since the previous peak. As a result, the 
combined sales of air transportation and hotels and lodging places, which accounted for 59 percent of total 
tourism sales at the fourth quarter 2000 peak, now account for 52 percent of total tourism sales in the first 
quarter of 2004.
       
	Other highlights from this release of the travel and tourism satellite account include:

	  Although their sales results have been mixed since the fourth quarter 2000 peak, and especially 
	   since the events of September 11, 2001, direct sales of air transportation and hotels and lodging 
	   places experienced high rates of growth - 18.6 percent and 10.9 percent - respectively, in the first 
	   quarter of 2004.

	  Direct sales of eating and drinking places grew 14.2 percent in the first quarter.

	  Direct sales of amusement and recreation services grew 18.2 percent in the first quarter of 2004.

	  Total sales of all tourism-related industries increased 11.6 percent, or $20.5 billion, to $757.7 in 
	   the first quarter of 2004.

	  Direct sales of all tourism-related industries increased $10.8 billion to $406.0 billion, and 
	   indirect sales increased $9.7 billion to $351.7 billion.
  
		-  Direct tourism sales are sales by tourism industries to out-of-town visitors such as sales by 
		   airlines and restaurants to leisure and business travelers  Indirect tourism sales are sales 
		   to tourism industries by the chain of industries that supply them, such as fuel to airlines 
		   and oil to the fuel refineries to supply airlines.
  
Tourism industries are those identified in the BEA Travel and Tourism Satellite Accounts (TTSA) as industries 
whose primary products are typically purchased by out-of-town visitors. Visitors are people whose travel for 
pleasure or business takes them 50 miles or more away from home, or outside of their usual environment. The 
definitions, framework, and estimating methods used for the U.S. TTSA's follow, as closely as practicable, the 
guidelines for similar accounts that were developed by the World Tourism Organization (WTO) and the Organisation 
for Economic Co-operation and Development (OECD).

BEA's estimates of U.S. tourism industry sales include figures for both direct and indirect sales.  Direct tourism 
sales are sales by tourism industries to out-of-town visitors. Indirect tourism sales are sales to tourism 
industries by the chain of industries that supply them. Indirect sales were estimated using industry-by-industry 
total requirements coefficients from BEA's input-output accounts. 

Further information on BEA's TTSA and analyses of previous quarters are available on BEA's Web site.  Go to 
<www.bea.gov>, and below the "Industry" heading click on "Travel and Tourism."  With the support of the U.S. 
Department of Commerce's International Trade Administration, BEA's first TTSA's were published in the July 1998 
Survey of Current Business. In late 2001, BEA began producing prototype quarterly estimates of tourism industry 
sales.  BEA is now publishing these estimates on a regular basis, approximately two weeks following the release of 
BEA's preliminary estimates of GDP. 

BEA's major national, international, regional, and industry estimates; the Survey of Current Business; and BEA 
news releases are available without charge on BEA's Web site:

                                       		<www.bea.gov>

Summary BEA estimates are available on recorded messages at the time of public release at the following telephone 
numbers:

                                (202)  606-5306   Gross domestic product
                                       606-5303   Personal income and outlays
                                       606-5362   U.S. international transactions

Most of BEA's estimates and analyses appear in the Survey of Current Business, BEA's monthly journal.  
Subscriptions and single copies of the printed Survey are for sale by the Superintendent of Documents, U.S. 
Government Printing Office.  Internet: <bookstore.gpo.gov>; phone: 202-512-1800; fax: 202-512-2250; 
mail: Stop SSOP, Washington, DC 20402-0001.


					    *          *          *

Next release - Sales of U.S. Tourism Industries for Second Quarter 2004 will be released on
                            September 8, 2004 at 8:30 A.M. EDT.  

Graph of Total Tourism-Related Sales of Tourism Industries, Q2000:III - Q2004:I


Graph Direct Sales of Hotels and Lodging Places and Air Transportation, Q2000:III - Q2004:I

 

Table 1. -- Direct Tourism-related Sales of Tourism Industries 
Percent Change from Preceding Period 
                   
     Seasonally adjusted at annual rates 
Tourism Industry Y2001Y2002Y2003Q2000: IVQ2001: IQ2001: IIQ2001: IIIQ2001: IVQ2002: IQ2002: IIQ2002: IIIQ2002: IVQ2003: IQ2003: IIQ2003: IIIQ2003: IVQ2004: I
                   
Hotels and lodging places -8.40.5-0.3-4.5-3.1-16.0-26.9-21.747.612.6-7.2-10.9-0.83.516.9-5.310.9
Eating and drinking places 3.85.17.11.110.6-1.03.14.211.92.82.34.87.810.19.013.314.2
Railroads and related services 7.92.51.7-2.93.8-2.216.633.7-2.0-10.3-16.72.25.90.019.712.0-14.9
Local and bus passenger transit -5.50.82.4-8.6-6.5-7.00.8-6.38.41.50.00.5-2.48.19.43.9-0.9
Taxicabs 2.83.38.92.24.12.55.22.92.74.92.22.34.026.615.14.06.8
Air transportation -13.2-9.52.63.0-8.4-18.0-42.6-47.454.24.2-7.06.90.7-8.236.8-8.618.6
Water transportation -4.31.33.6-6.0-7.2-3.8-5.40.83.23.63.22.94.73.92.52.43.7
Automotive rental and leasing 1.69.04.15.51.9-8.4-5.711.222.611.79.7-7.30.95.214.811.3-9.6
Travel agency services -7.01.44.3-11.2-11.3-8.13.3-3.76.05.9-2.91.32.013.28.23.12.3
Amusement and recreation services 5.35.74.80.85.63.33.05.09.35.17.21.24.75.76.84.218.2
Membership sports and recreation clubs 5.012.02.46.90.47.19.29.418.311.810.49.93.7-1.5-12.3-4.80.0
Motion pictures and other entertainment 7.66.56.96.216.9-2.45.015.36.18.7-10.627.3-10.821.611.313.32.5
Professional sports clubs and promoters 8.19.46.2-0.114.318.7-22.846.3-1.714.214.54.44.63.84.55.319.2
Gasoline service stations -1.5-4.216.112.5-3.08.9-25.4-37.3-4.446.83.820.277.7-38.327.65.446.5
Retail excluding restaurants and gas stations 3.94.14.55.20.12.85.74.45.63.41.14.35.72.210.24.28.2
                   
All tourism industries -5.2-0.13.20.4-1.7-10.5-21.0-18.829.97.2-2.50.22.61.817.60.111.4
                   
                   
                   
Source:  Bureau of Economic Analysis                  
Table 2. -- Direct Tourism-related Sales of Tourism Industries 
[Billions of dollars] 
                    
     Seasonally adjusted at annual rates 
Tourism IndustryY2000Y2001Y2002Y2003Q2000: IIIQ2000: IVQ2001: IQ2001: IIQ2001: IIIQ2001: IVQ2002: IQ2002: IIQ2002: IIIQ2002: IVQ2003: IQ2003: IIQ2003: IIIQ2003: IVQ2004: I
                    
Hotels and lodging places115.0105.3105.8105.5116.9115.5114.6109.7101.595.5105.2108.4106.4103.4103.2104.1108.2106.7109.5
Eating and drinking places56.758.961.966.357.057.158.658.458.959.561.261.662.062.763.965.466.969.071.3
Railroads and related services1.31.41.41.41.31.31.31.31.41.51.51.41.41.41.41.41.51.51.5
Local and bus passenger transit2.92.82.82.92.92.92.82.82.82.72.82.82.82.82.82.82.92.92.9
Taxicabs4.64.84.95.44.64.74.74.74.84.84.94.94.95.05.05.35.55.65.7
Air transportation118.8103.193.395.7120.1121.0118.3112.698.083.593.094.092.393.994.092.099.597.3101.6
Water transportation7.87.47.57.87.87.77.57.47.37.47.47.57.57.67.77.87.87.97.9
Automotive rental and leasing21.321.623.524.521.621.922.021.521.221.822.923.524.123.623.724.024.825.524.9
Travel agency services4.64.24.34.54.64.44.34.24.24.24.34.34.34.34.34.54.64.64.6
Amusement and recreation services15.216.016.917.715.515.615.815.916.016.216.616.817.117.117.317.617.918.118.8
Membership sports and recreation clubs5.96.26.97.15.96.06.06.16.26.46.76.87.07.27.37.27.06.96.9
Motion pictures and other entertainment7.17.78.28.77.27.37.67.57.67.98.08.28.08.58.28.68.99.19.2
Professional sports clubs and promoters1.81.92.12.21.81.81.92.01.82.02.02.12.22.22.22.22.32.32.4
Gasoline service stations3.23.23.03.53.33.43.33.43.22.82.83.13.13.23.73.33.53.63.9
Retail excluding restaurants and gas stations29.630.832.033.529.930.330.330.530.931.331.732.032.132.432.833.033.834.234.9
                    
All tourism industries395.7375.2374.7386.8400.4400.8399.1388.2366.0347.4370.9377.5375.1375.2377.6379.3395.0395.2406.0
                    
                    
                    
Source:  Bureau of Economic Analysis                   
Table 3. -- Total (Direct & Indirect) Tourism-related Sales of Tourism Industries 
[Billions of dollars] 
                    
     Seasonally adjusted at annual rates 
Tourism IndustryY2000Y2001Y2002Y2003Q2000: IIIQ2000: IVQ2001: IQ2001: IIQ2001: IIIQ2001: IVQ2002: IQ2002: IIQ2002: IIIQ2002: IVQ2003: IQ2003: IIQ2003: IIIQ2003: IVQ2004: I
                    
Hotels and lodging places205.8188.5189.5188.9209.2206.8205.2196.4181.7170.9188.3194.0190.4185.0184.7186.3193.7191.1196.1
Eating and drinking places116.8121.3127.5136.6117.4117.7120.7120.4121.3122.6126.1127.0127.7129.2131.6134.8137.7142.1146.9
Railroads and related services2.32.42.52.52.42.32.42.32.42.62.62.52.42.42.52.52.62.72.6
Local and bus passenger transit5.24.94.95.05.25.05.04.94.94.84.94.94.94.94.95.05.15.15.1
Taxicabs8.18.48.79.48.18.28.38.38.48.58.58.68.78.78.89.49.79.810.0
Air transportation224.6194.9176.3180.9227.0228.6223.7212.9185.2157.8175.8177.6174.4177.4177.7173.9188.1183.9191.9
Water transportation16.615.916.116.616.616.416.115.915.715.715.916.016.116.316.416.616.716.817.0
Automotive rental and leasing42.142.846.648.542.743.343.542.641.943.145.346.647.746.846.947.549.250.549.2
Travel agency services8.07.57.67.98.07.87.67.47.57.47.57.67.67.67.67.98.08.18.1
Amusement and recreation services26.628.029.631.027.227.327.627.928.128.429.029.429.930.030.430.831.331.633.0
Membership sports and recreation clubs10.310.812.112.410.310.510.510.710.911.211.712.012.312.612.712.612.212.112.1
Motion pictures and other entertainment12.513.414.315.312.612.713.313.213.313.814.014.313.914.814.415.115.516.016.1
Professional sports clubs and promoters3.13.43.73.93.23.23.33.43.23.63.53.73.83.83.93.93.94.04.2
Gasoline service stations9.19.08.610.09.29.59.49.68.97.97.98.78.79.110.69.49.910.111.1
Retail excluding restaurants and gas stations46.248.050.052.246.747.347.347.648.348.849.449.950.050.551.251.552.853.354.4
                    
All tourism industries737.2699.0697.8721.3745.7746.7743.7723.5681.9647.1690.6702.8698.6699.2704.3707.1736.6737.2757.7
Percent change at annual rate -5.2-0.23.4 0.5-1.6-10.4-21.1-18.929.77.3-2.40.32.91.617.70.411.6
                    
                    
Source:  Bureau of Economic Analysis