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NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, TUESDAY, MARCH 20, 2007 Technical: Peter Kuhbach: (202) 606-9543 Edward Kocis: 606-9981 Media: Ralph Stewart: 606-9690 E-mail inquiries: industrysatellites@bea.gov BEA 07-10 REAL DIRECT TOURISM OUTPUT GREW 8.0 PERCENT IN FOURTH QUARTER 2006 Real direct tourism output grew at an annual rate of 8.0 percent in the fourth quarter of 2006 reflecting a rebound in the output growth of traveler accommodations and passenger air transportation, according to data released today by the U.S. Bureau of Economic Analysis. In the third quarter, real tourism declined 1.6 percent (revised). By comparison, real gross domestic product (GDP) grew at an annual rate of 2.2 percent (preliminary) in the fourth quarter and 2.0 percent (final) in third quarter 2006. Billions of chained (2000) dollars Chart 1. Real Direct Tourism Output and Direct Tourism Employment, Q2002:I - Q2006:IV 600 Thousands of employees 5,750 5,700 580 5,650 560 5,600 540 5,550 520 5,500 5,450 500 5,400 480 5,350 460 5,300 5,250 440 Q2002:I Q2002:III Q2003:I Q2003:III Q2004:I Q2004:III Q2005:I Q2005:III Q2006:I Q2006:III Real direct tourism output Direct tourism employment U.S. Bureau of Economic Analysis Direct tourism employment rose 0.3 percent in the third quarter of 2006 (the most recent period for which data are available), after growing 0.3 percent (revised) in the second quarter of 2006. By comparison, overall U.S. employment grew 1.6 percent in the third quarter of 2006, and 1.5 percent (revised) in the second quarter of 2006. Other highlights from this release include: • • • The 8.0 percent fourth quarter growth was the largest since the first quarter of 2005. For the year 2006, real direct tourism output increased 3.0 percent, the fifth consecutive year of positive growth. By comparison, real GDP grew 3.3 percent in 2006. Prices for tourism goods and services fell 2.5 percent in the fourth quarter of 2006 due to significant declines in the prices of transportation-related goods and services. By comparison, the overall GDP price index rose 1.6 percent in the fourth quarter of 2006. Chart 2. Quarterly Growth in Real Direct Tourism Output, Q2005:IV - Q2006:IV 15.0 10.0 Percent Components of Real Direct Tourism Output. Real direct output of traveler accommodations and passenger air transportation, both of which declined in the third quarter of 2006, grew 16.7 and 6.5 percent, respectively, in the fourth quarter of 2006. For 2006, real direct output of traveler accommodations grew 3.6 percent, down from 6.8 percent in 2005, while passenger air transportation grew 1.7 percent, down from 6.0 percent in 2005. 20.0 5.0 0.0 -5.0 -10.0 -15.0 Q2005:IV Q2006:I All tourism goods and services Q2006:II Q2006:III Passenger air transportation Q2006:IV Traveler accommodations U.S. Bureau of Economic Analysis Chart 3. Quarterly Growth in Prices for Direct Tourism Output, Q2005:IV - Q2006:IV 20.0 15.0 10.0 Percent Component Prices of Direct Tourism Output. Prices for traveler accommodations increased 3.5 percent in the fourth quarter of 2006, the third straight quarter of growth in the 3 to 4 percent range. In contrast, prices for passenger air transportation remained volatile, declining 8.5 percent in the fourth quarter of 2006, after increasing 0.9 percent in the third quarter and 16.9 percent in the second quarter. 5.0 0.0 -5.0 -10.0 Q2005:IV Q2006:I All tourism goods and services Q2006:II Q2006:III Passenger air transportation Q2006:IV Traveler accommodations U.S. Bureau of Economic Analysis Chart 4. Quarterly Growth in Direct Tourism Employment, Q2005:IV - Q2006:IV 4.0 3.0 2.0 1.0 0.0 Percent Components of Direct Tourism Employment. Employment in the traveler accommodations industry increased a modest 0.2 percent in the third quarter of 2006 (the latest period for which data are available). Still, it was the third straight quarter, and the twelfth of the last thirteen quarters, that employment grew in this industry. In contrast, employment in the air transportation services industry declined for the seventh straight quarter, falling 1.1 percent in the third quarter of 2006. Q2006:IV employment in June 20, 2007 release. -1.0 -2.0 -3.0 -4.0 -5.0 -6.0 Q2005:IV All tourism industries U.S. Bureau of Economic Analysis Q2006:I Q2006:II Air transportation services Q2006:III Q2006:IV Traveler accommodations Total Tourism-Related Output. In the fourth quarter of 2006, total current-dollar tourism-related output of $1.2 trillion consisted of $672.1 billion of direct tourism output – output of goods and services sold directly to visitors, and $512.0 billion of indirect tourism-related output – output of goods and services used to produce what visitors buy. Total Tourism-Related Employment. In the third quarter of 2006 (the most recent period for which data are available), total tourism-related employment of 8.3 million consisted of 5.7 million direct tourism jobs – jobs where workers produce goods and services sold directly to visitors, and 2.6 million indirect tourism-related jobs – jobs where workers produce goods and services used to produce what visitors buy. Definitions Direct tourism output. Direct tourism output comprises all output consumed by visitors (e.g., traveler accommodations, passenger air transportation, souvenirs). Indirect tourism-related output. Indirect tourism-related output comprises all output used as inputs in the process of producing direct tourism output (e.g., toiletries for hotel guests, the various ingredients used to make the meals served airline passengers, and the plastic used to produce souvenir key chains). Indirect tourism-related output is estimated using commodity-by-commodity output multipliers from the Current Industry Analysis Division. Total tourism-related output. Total tourism-related output is the sum of direct tourism output and indirect tourism-related output. Direct tourism employment. Direct tourism employment comprises all jobs where the workers are engaged in the production of direct tourism output (e.g., hotel staff, airline pilots, and souvenir sellers). Indirect tourism-related employment. Indirect tourism-related employment comprises all jobs where the workers are engaged in the production of indirect tourism-related output (e.g., employees of companies that produce toiletries for hotel guests, the various ingredients used to make the meals served airline passengers, and the plastic used to produce souvenir key chains). Indirect tourism-related employment is estimated using industry-by-industry employment multipliers from the Regional Economic Analysis Division. Total tourism-related employment. Total tourism-related employment is the sum of direct tourism employment and indirect tourism-related employment. These estimates are from the Travel and Tourism Satellite Accounts (TTSAs), which are supported by funding from the Office of Travel and Tourism Industries, International Trade Administration, U.S. Department of Commerce. The current-price estimates of direct tourism output were derived from BEA’s annual TTSAs (revised in June 2006) and current-dollar quarterly estimates of personal consumption expenditures from the NIPAs. The constant-price estimates of direct tourism output were developed using price indexes from the Bureau of Labor Statistics (BLS) and constant-price quarterly estimates of personal consumption expenditures from the NIPAs. The estimates of direct tourism employment were derived from the annual TTSAs (revised in June 2006) and the Quarterly Census of Employment and Wages from BLS. Employment data are available five to six months after the end of the reference quarter. Quarterly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified. Percent changes are calculated from unrounded data and annualized. “Real” estimates are in chained (2000) dollars. Price indexes are chain-type measures. Growth in overall U.S. employment is calculated using BLS Total nonfarm employment from Current Employment Statistics, www.bls.gov/ces/home.htm#data. * * * Next release – Travel and Tourism estimates for first quarter 2007 will be released on Wednesday, June 20, 2007 at 8:30 a.m. EDT. BEA’s national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA’s Web site at www.bea.gov. By visiting the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements. Table 1.a. Percent Changes in Real Direct Tourism Output [Percent change from preceding period] Tourism Goods and Services Group Traveler accommodations Transportation Passenger air transportation All other transportation-related commodities Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping All tourism goods and services 2001 -9.6 -4.6 -9.3 -0.2 -2.2 -4.9 -1.3 -7.6 2002 2.0 -0.8 -1.8 0.1 1.5 1.7 4.5 -0.5 2003 3.5 1.1 3.3 -0.6 4.7 5.0 5.1 4.8 2004 3.4 7.3 13.3 2.3 6.1 8.0 6.1 9.6 2005 6.8 5.6 6.0 5.2 4.0 3.6 1.2 5.6 2006 3.6 1.9 1.7 2.1 4.5 3.2 2.2 4.1 Q2003:I 7.9 1.1 1.9 0.5 5.0 1.5 -1.5 4.1 -5.1 0.7 3.3 6.7 4.9 3.0 3.0 Q2003:II Q2003:III Q2003:IV 2.4 7.8 -1.8 -5.7 13.5 4.5 -10.5 22.1 9.5 -1.7 6.9 0.3 8.0 8.2 7.9 6.6 9.4 7.7 10.1 5.1 8.5 3.7 13.2 7.0 1.5 10.4 Q2004:I 8.4 14.7 29.9 2.8 7.5 13.3 10.0 16.2 4.9 11.9 Seasonally adjusted at annual rates Q2004:II Q2004:III Q2004:IV Q2005:I Q2005:II Q2005:III Q2005:IV 0.6 1.8 4.5 7.3 11.6 10.5 6.5 8.6 -1.8 4.5 16.8 3.8 -2.4 0.7 14.0 -3.2 7.2 18.7 5.4 -6.8 -4.4 4.0 -0.5 2.2 15.2 2.4 1.7 5.3 2.4 3.2 7.3 2.9 4.1 1.0 7.5 4.1 6.0 3.2 5.5 1.2 1.0 3.9 1.4 4.7 -0.4 5.6 -2.4 -3.6 3.1 6.5 7.1 6.3 5.5 4.3 5.0 4.6 4.8 1.9 4.6 9.3 4.4 1.3 Q2006:I 1.1 3.1 9.3 -2.0 11.0 6.3 7.6 5.3 3.8 5.0 Seasonally adjusted at annual rates Q2004:II Q2004:III Q2004:IV Q2005:I Q2005:II Q2005:III Q2005:IV 86,622 87,018 87,989 89,543 92,040 94,365 95,858 208,512 207,564 209,875 218,206 220,252 218,933 219,319 105,640 104,777 106,626 111,297 112,779 110,819 109,576 103,467 103,330 103,891 107,639 108,269 108,718 110,123 91,832 92,557 94,202 94,866 95,820 96,064 97,808 154,893 157,172 158,424 160,573 161,056 161,466 163,036 68,313 69,109 69,042 69,984 69,553 68,913 69,440 86,584 88,080 89,440 90,647 91,609 92,724 93,781 Q2006:I 96,114 220,980 112,046 109,582 100,383 165,564 70,726 95,008 Q2006:II Q2006:III Q2006:IV -1.1 -4.3 16.7 7.2 -4.3 5.3 11.6 -11.8 6.5 3.6 2.5 4.4 -3.6 1.0 10.2 0.8 2.1 5.2 -1.8 3.3 4.7 2.9 1.1 5.7 1.9 -1.6 8.0 Source: U.S. Bureau of Economic Analysis Table 1.b. Real Direct Tourism Output [Millions of chained (2000) dollars] Tourism Goods and Services Group Traveler accommodations Transportation Passenger air transportation All other transportation-related commodities Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping 2001 79,681 192,819 91,129 101,509 82,020 135,255 58,865 76,372 2002 81,295 191,249 89,517 101,570 83,225 137,558 61,517 75,984 2003 84,153 193,436 92,496 100,961 87,116 144,387 64,676 79,653 2004 87,031 207,556 104,822 103,288 92,468 155,956 68,636 87,334 2005 92,951 219,177 111,118 108,687 96,140 161,533 69,473 92,190 2006 96,317 223,383 113,049 110,955 100,424 166,770 70,983 95,987 Q2003:I 83,090 191,956 91,554 100,418 84,604 140,389 62,787 77,551 All tourism goods and services 489,961 493,518 509,614 543,508 570,159 587,435 500,374 Q2003:II Q2003:III Q2003:IV 83,584 85,164 84,774 189,144 195,247 197,396 89,054 93,610 95,765 99,986 101,677 101,764 86,244 87,969 89,649 142,657 145,888 148,612 64,318 65,127 66,474 78,261 80,716 82,085 502,242 514,809 521,030 Q2004:I 86,495 204,274 102,245 102,464 91,280 153,334 68,078 85,232 535,898 542,228 544,849 551,059 563,391 569,439 571,245 576,563 583,685 Seasonally adjusted at annual rates Q2004:II Q2004:III Q2004:IV Q2005:I Q2005:II Q2005:III Q2005:IV 13.0 3.0 5.5 6.1 0.0 -7.0 8.0 0.5 -1.3 3.4 -2.0 12.1 11.7 3.4 -4.5 -1.1 -0.6 -0.9 14.1 4.7 4.6 5.1 -1.4 7.1 -3.0 10.4 18.2 2.3 3.2 3.8 2.6 3.5 2.8 2.8 3.1 2.5 1.1 2.7 1.5 2.7 2.3 2.6 2.2 1.7 3.1 2.6 3.3 3.9 2.9 2.8 0.7 2.2 0.5 2.2 1.1 2.3 Q2006:I 7.8 0.3 -3.3 3.4 3.4 1.9 2.0 1.8 Q2006:II Q2006:III Q2006:IV 95,837 94,796 98,522 224,865 222,389 225,298 115,155 111,609 113,384 110,554 111,246 112,437 99,465 99,704 102,145 165,880 166,748 168,888 70,414 70,988 71,801 95,686 95,957 97,299 586,421 584,127 595,508 Source: U.S. Bureau of Economic Analysis Table 1.c. Percent Changes in Chain-Type Price Indexes for Direct Tourism Output [Percent change from preceding period] Tourism Goods and Services Group Traveler accommodations Transportation Passenger air transportation All other transportation-related commodities Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping All tourism goods and services Source: U.S. Bureau of Economic Analysis 2001 2.0 -2.2 -4.2 -0.1 3.2 2.5 3.4 1.8 2002 -0.8 -2.8 -5.7 -0.5 2.7 1.5 2.4 0.8 2003 1.6 3.5 3.4 3.6 2.1 1.4 2.5 0.5 2004 5.8 1.0 -1.1 2.9 3.0 2.2 2.8 1.7 2005 3.2 3.8 2.6 5.0 3.1 2.1 2.9 1.5 2006 3.7 5.2 4.0 6.2 3.2 2.3 2.9 1.7 Q2003:I -0.7 7.1 4.5 9.2 1.4 1.5 2.5 0.7 0.6 -0.2 2.3 2.5 3.1 3.7 3.1 Q2003:II Q2003:III Q2003:IV 2.8 6.6 6.4 0.3 6.0 1.2 6.3 8.2 1.8 -4.3 4.3 0.7 2.1 2.1 3.0 0.5 2.2 1.7 1.2 2.5 2.0 -0.1 1.9 1.4 1.1 4.3 2.5 Q2004:I 1.9 -0.6 -6.7 5.1 3.4 3.4 5.1 2.0 1.7 3.5 1.1 3.4 1.3 5.6 4.1 3.9 2.6 Q2006:II Q2006:III Q2006:IV 3.4 3.1 3.5 15.9 1.5 -10.4 16.9 0.9 -8.5 15.1 2.0 -11.9 3.4 3.2 2.7 2.7 2.1 1.1 3.5 3.2 1.4 2.1 1.1 0.8 7.5 2.2 -2.5 Table 1.d. Chain-Type Price Indexes for Direct Tourism Output [Index numbers, 2000=100] Tourism Goods and Services Group Traveler accommodations Transportation Passenger air transportation All other transportation-related commodities Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping All tourism goods and services 2001 102.0 97.8 95.8 99.9 103.2 102.5 103.4 101.8 2002 101.2 95.1 90.3 99.4 106.0 104.0 105.9 102.6 2003 102.8 98.4 93.4 102.9 108.2 105.5 108.6 103.1 2004 108.7 99.3 92.4 105.9 111.4 107.9 111.7 104.9 2005 112.2 103.1 94.8 111.1 114.9 110.2 114.9 106.5 2006 116.4 108.5 98.6 118.0 118.6 112.6 118.2 108.3 Q2003:I 101.0 97.5 91.3 103.2 107.2 105.0 107.9 102.8 100.6 100.4 102.7 105.3 108.5 112.6 101.8 Q2003:II Q2003:III Q2003:IV 101.7 103.4 105.0 97.6 99.0 99.3 92.7 94.5 95.0 102.1 103.1 103.3 107.8 108.4 109.2 105.1 105.7 106.1 108.2 108.8 109.4 102.8 103.2 103.6 102.1 103.1 Q2004:I 105.5 99.2 93.3 104.6 110.1 107.0 110.7 104.1 103.8 104.2 Seasonally adjusted at annual rates Q2004:II Q2004:III Q2004:IV Q2005:I Q2005:II Q2005:III Q2005:IV 108.7 109.6 111.0 112.7 112.7 110.7 112.8 99.3 99.0 99.8 99.3 102.2 105.1 106.0 92.3 92.0 91.9 91.7 94.7 95.8 96.9 105.9 105.6 107.4 106.6 109.3 113.9 114.6 110.9 112.0 112.7 113.7 114.5 115.3 116.2 107.7 108.0 108.7 109.1 109.8 110.5 111.2 111.4 111.8 112.7 113.4 114.3 115.4 116.3 104.8 105.0 105.6 105.7 106.3 106.6 107.2 105.1 105.4 106.3 106.6 108.1 109.2 Q2006:I 114.9 106.0 96.1 115.6 117.1 111.7 116.9 107.7 110.2 110.9 Seasonally adjusted at annual rates Q2004:II Q2004:III Q2004:IV Q2005:I Q2005:II Q2005:III Q2005:IV 94,195 95,337 97,692 100,901 103,719 104,427 108,142 207,081 205,486 209,524 216,732 225,122 230,056 232,388 97,490 96,420 97,961 102,010 106,838 106,198 106,201 109,592 109,066 111,562 114,722 118,285 123,858 126,187 101,884 103,660 106,194 107,874 109,718 110,748 113,619 166,821 169,754 172,229 175,212 176,910 178,391 181,278 76,067 77,274 77,798 79,378 79,533 79,556 80,749 90,753 92,480 94,431 95,835 97,377 98,835 100,529 Q2006:I 110,481 234,325 107,699 126,625 117,593 184,960 82,661 102,299 Q2006:II Q2006:III Q2006:IV 115.9 116.8 117.8 110.0 110.4 107.5 99.9 100.2 98.0 119.7 120.3 116.5 118.1 119.1 119.9 112.5 113.0 113.4 117.9 118.8 119.3 108.2 108.5 108.8 112.9 113.6 112.9 Source: U.S. Bureau of Economic Analysis Table 2. Direct Tourism Output [Millions of dollars] Tourism Goods and Services Group Traveler accommodations Transportation Passenger air transportation All other transportation-related commodities Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping 2001 81,249 188,629 87,263 101,366 84,636 138,609 60,866 77,743 2002 82,250 181,806 80,861 100,946 88,185 143,122 65,154 77,968 2003 86,497 190,309 86,395 103,914 94,218 152,345 70,222 82,123 2004 94,615 206,176 96,827 109,349 103,055 168,231 76,633 91,598 2005 104,297 226,075 105,312 120,763 110,490 177,948 79,804 98,144 2006 112,086 242,365 111,423 130,942 119,064 187,866 83,914 103,953 Q2003:I 83,946 187,201 83,580 103,621 90,726 147,424 67,718 79,707 All tourism goods and services Percent change at annual rate 493,123 -4.5 495,363 0.5 523,370 5.7 572,077 9.3 618,810 8.2 661,289 6.9 509,298 6.2 Q2003:II Q2003:III Q2003:IV 85,022 88,023 88,997 184,588 193,357 196,091 82,549 88,500 90,952 102,039 104,858 105,139 92,964 95,322 97,859 149,991 154,214 157,750 69,570 70,887 72,711 80,421 83,326 85,039 512,565 2.6 530,917 15.1 540,699 7.6 Q2004:I 91,234 202,614 95,439 107,176 100,482 164,121 75,392 88,729 558,451 13.8 569,982 8.5 574,236 3.0 585,639 8.2 600,719 10.7 615,470 10.2 623,622 5.4 635,427 7.8 647,358 7.7 Seasonally adjusted at annual rates Q2004:II Q2004:III Q2004:IV Q2005:I Q2005:II Q2005:III Q2005:IV 146,543 148,319 151,983 156,975 161,360 162,461 168,240 352,018 349,090 356,148 368,454 382,865 391,490 395,214 165,366 163,551 166,165 173,033 181,222 180,137 180,142 186,652 185,540 189,983 195,421 201,644 211,352 215,072 191,532 194,871 199,634 202,793 206,260 208,196 213,592 314,703 320,268 325,183 330,720 334,085 337,248 342,754 125,475 127,439 128,287 130,896 131,045 131,169 133,143 189,228 192,828 196,896 199,824 203,040 206,078 209,611 Q2006:I 171,879 398,545 182,684 215,861 221,063 349,525 136,223 213,302 Q2006:II Q2006:III Q2006:IV 111,076 110,722 116,064 247,412 245,614 242,111 115,087 111,807 111,098 132,318 133,813 131,014 117,501 118,719 122,442 186,565 188,499 191,440 83,016 84,354 85,625 103,558 104,142 105,813 662,320 9.6 663,409 0.7 672,070 5.3 Source: U.S. Bureau of Economic Analysis Table 3. Total Tourism-Related Output [Millions of dollars] Tourism Goods and Services Group Traveler accommodations Transportation Passenger air transportation All other transportation-related commodities Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping 2001 126,401 320,420 148,019 172,401 159,107 262,478 100,378 162,100 2002 127,959 308,602 137,159 171,443 165,780 270,048 107,478 162,571 2003 134,567 323,279 146,547 176,733 177,121 287,047 115,813 171,234 2006 174,375 412,449 188,999 223,450 223,828 355,062 138,313 216,751 Q2003:I 130,597 318,257 141,771 176,486 170,557 277,885 111,689 166,195 All tourism goods and services Percent change at annual rate 868,407 -4.5 872,389 0.5 922,014 1,008,674 1,090,677 1,165,557 5.7 9.4 8.1 6.9 897,295 6.3 Source: U.S. Bureau of Economic Analysis 2004 147,195 350,370 164,242 186,128 193,734 317,375 126,385 190,990 2005 162,259 384,506 178,633 205,872 207,710 336,202 131,563 204,638 Q2003:II Q2003:III Q2003:IV 132,272 136,941 138,456 313,431 328,466 332,964 140,023 150,116 154,276 173,408 178,350 178,688 174,764 179,197 183,967 282,408 290,656 297,241 114,724 116,913 119,927 167,685 173,742 177,314 902,875 2.5 935,260 15.1 952,628 7.6 Q2004:I 141,936 344,222 161,886 182,336 188,897 309,346 124,340 185,007 Q2006:II Q2006:III Q2006:IV 172,804 172,253 180,565 421,394 418,325 411,534 195,215 189,650 188,448 226,171 228,682 223,086 220,891 223,180 230,180 352,777 356,202 361,743 136,865 139,051 141,111 215,927 217,146 220,629 984,401 1,004,796 1,012,548 1,032,949 1,058,941 1,084,570 1,099,394 1,119,801 1,141,012 1,167,463 1,169,705 1,184,048 14.0 8.5 3.1 8.3 10.5 10.0 5.6 7.6 7.8 9.6 0.8 5.0 Table 4. Percent Changes in Direct Tourism Employment [Percent change from preceding period] Tourism Industry Group Traveler accommodations Transportation Air transportation services All other transportation-related industries Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping All other industries All tourism industries 2001 -2.6 -0.5 -0.7 -0.4 -0.8 -1.3 1.9 -4.5 -1.9 2002 -3.5 -9.0 -12.9 -5.7 1.8 -2.0 -0.3 -3.7 -1.2 2003 -0.2 -6.3 -8.1 -4.8 3.5 -0.4 0.9 -1.9 1.1 2004 0.6 0.0 4.0 -3.1 3.6 3.4 5.5 1.1 -0.5 2005 1.5 -0.1 -0.2 0.0 2.6 1.5 2.1 0.7 1.9 Q2003:I 1.8 -8.8 -13.1 -5.3 3.4 -2.7 -2.1 -3.4 2.5 -1.3 -2.9 -0.4 2.0 1.5 -0.9 Q2003:II Q2003:III Q2003:IV -4.8 0.2 2.1 -9.3 -5.2 0.2 -12.0 -4.2 3.3 -7.2 -6.0 -2.1 3.1 4.9 4.3 -0.2 1.6 2.7 0.9 3.0 3.7 -1.4 0.1 1.6 -0.3 -1.1 -0.7 -2.3 0.8 Q2004:I 0.6 3.5 15.0 -4.7 3.7 7.3 12.1 2.0 -2.2 2.4 Seasonally adjusted at annual rates Q2004:II Q2004:III Q2004:IV Q2005:I Q2005:II Q2005:III Q2005:IV 0.6 1.4 1.9 1.1 2.8 1.5 -0.8 1.6 0.0 1.1 -0.8 0.6 -1.4 -2.6 5.1 0.9 2.2 -1.6 -0.7 -2.4 -3.4 -1.1 -0.7 0.1 -0.2 1.7 -0.5 -1.9 2.3 3.7 3.3 3.1 2.8 0.4 0.6 3.0 1.5 2.4 1.0 1.9 0.5 -0.1 4.3 2.7 4.0 0.9 2.7 0.3 0.4 1.6 0.2 0.6 1.2 0.8 0.7 -0.8 0.9 0.8 2.0 1.9 2.4 2.3 1.7 3.4 1.8 1.9 2.3 1.4 2.2 0.4 Q2006:I 1.4 -0.4 -5.1 3.5 6.7 1.9 2.1 1.7 3.3 -0.5 Q2006:II Q2006:III 0.4 0.2 -1.3 -0.6 -1.9 -1.1 -0.8 -0.3 1.0 1.2 0.1 -0.1 0.7 0.3 -0.7 -0.5 1.9 1.2 2.9 0.3 0.3 Source: U.S. Bureau of Economic Analysis Table 5. Direct Tourism Employment [Thousands] Tourism Industry Group Traveler accommodations Transportation Air transportation services All other transportation-related industries Food services and drinking places Recreation, entertainment, shopping Recreation and entertainment Shopping All other industries 2001 1,371.0 1,294.5 595.5 699.0 1,611.5 1,157.6 600.1 557.5 201.3 2002 1,322.6 1,177.5 518.5 659.1 1,640.0 1,134.8 598.0 536.8 198.8 2003 1,319.4 1,103.8 476.6 627.2 1,698.0 1,129.8 603.1 526.7 200.9 2004 1,327.9 1,103.7 495.8 607.9 1,759.9 1,168.5 636.1 532.4 200.0 2005 1,347.7 1,102.3 494.6 607.6 1,805.9 1,185.9 649.7 536.2 203.7 Q2003:I 1,329.5 1,131.4 489.7 641.7 1,673.7 1,126.1 598.5 527.6 201.4 Q2003:II 1,313.3 1,104.2 474.3 629.8 1,686.5 1,125.5 599.9 525.7 201.3 Q2003:III 1,314.0 1,089.5 469.3 620.2 1,706.8 1,130.1 604.3 525.8 200.7 Q2003:IV 1,320.9 1,090.0 473.1 616.9 1,725.0 1,137.7 609.8 527.9 200.3 Q2004:I 1,322.7 1,099.5 489.9 609.6 1,740.9 1,158.0 627.5 530.5 199.2 Q2004:II 1,324.6 1,104.0 496.0 608.0 1,750.6 1,166.7 634.1 532.6 199.6 All tourism industries 5,636.0 5,473.7 5,452.0 5,559.9 5,645.5 5,462.1 5,430.7 5,441.1 5,473.9 5,520.3 5,545.6 Seasonally adjusted at annual rates Q2004:III Q2004:IV Q2005:I Q2005:II 1,329.1 1,335.3 1,338.7 1,348.2 1,104.1 1,107.1 1,104.8 1,106.4 497.2 499.9 497.9 497.0 606.9 607.2 606.9 609.4 1,807.6 1,766.7 1,781.2 1,794.9 1,171.2 1,178.3 1,181.3 1,186.7 638.3 644.6 646.1 650.4 532.8 533.6 535.2 536.4 200.0 201.1 202.0 203.2 5,571.1 5,602.8 5,621.8 Q2005:III 1,353.3 1,102.5 493.9 608.6 1,809.3 1,188.1 650.8 537.3 204.4 Q2005:IV 1,350.4 1,095.3 489.7 605.6 1,811.9 1,187.7 651.5 536.1 205.3 Q2006:I 1,355.1 1,094.1 483.3 610.8 1,841.5 1,193.4 654.9 538.4 206.9 Q2006:II 1,356.3 1,090.7 481.1 609.6 1,846.1 1,193.5 656.0 537.5 207.9 Q2006:III 1,356.9 1,089.0 479.7 609.3 1,851.5 1,193.3 656.6 536.8 208.5 5,657.6 5,650.6 5,691.0 5,694.6 5,699.3 5,652.1 Source: U.S. Bureau of Economic Analysis Table 6. Total Tourism-Related Employment [Thousands] Tourism Industry Group Traveler accommodations Transportation Air transportation services All other transportation-related industries Food services and drinking places Recreation, entertainment, shopping Recreation and entertainment Shopping All other industries 2001 1,687.3 2,262.0 1,055.3 1,206.7 2,155.0 1,841.3 882.3 959.0 345.6 2002 1,627.7 2,060.9 918.7 1,142.1 2,193.2 1,797.6 881.1 916.5 343.5 2003 1,623.9 1,938.6 844.5 1,094.1 2,270.7 1,787.2 888.5 898.7 347.4 2004 1,634.3 1,946.5 878.5 1,068.0 2,353.4 1,842.0 938.0 904.0 347.1 2005 1,658.6 1,948.5 876.5 1,072.1 2,415.0 1,862.5 957.3 905.3 353.9 Q2003:I 1,636.3 1,985.4 867.7 1,117.7 2,238.2 1,783.9 881.8 902.1 348.0 Q2003:II 1,616.4 1,938.6 840.5 1,098.2 2,255.3 1,781.4 883.6 897.7 347.8 Q2003:III 1,617.2 1,914.3 831.6 1,082.8 2,282.5 1,786.5 890.2 896.3 347.0 Q2003:IV 1,625.7 1,916.0 838.3 1,077.8 2,306.8 1,797.0 898.5 898.5 346.7 Q2004:I 1,627.9 1,936.1 868.2 1,067.9 2,328.1 1,827.2 925.1 902.2 345.5 Q2004:II 1,630.2 1,946.0 879.0 1,067.0 2,341.1 1,840.2 935.2 905.0 346.5 All tourism industries Percent change at annual rate 8,291.3 -1.5 8,022.9 -3.2 7,967.8 -0.7 8,123.3 2.0 8,238.6 1.4 7,991.8 -1.4 7,939.5 -2.6 7,947.5 0.4 7,992.2 2.3 8,064.8 3.7 8,104.1 2.0 Source: U.S. Bureau of Economic Analysis Seasonally adjusted at annual rates Q2004:III Q2004:IV Q2005:I Q2005:II 1,635.8 1,643.3 1,647.6 1,659.2 1,948.5 1,955.4 1,952.1 1,955.7 881.0 885.8 882.3 880.7 1,067.5 1,069.5 1,069.8 1,075.0 2,362.5 2,381.9 2,400.3 2,417.2 1,846.0 1,854.6 1,857.3 1,864.3 941.5 950.2 952.0 958.5 904.5 904.4 905.3 905.9 347.4 349.2 350.9 353.0 8,140.1 1.8 8,184.4 2.2 8,208.2 1.2 8,249.5 2.0 Q2005:III 1,665.5 1,949.0 875.2 1,073.7 2,419.6 1,864.9 958.9 906.1 355.1 Q2005:IV 1,662.0 1,937.4 867.7 1,069.7 2,423.0 1,863.6 959.8 903.8 356.6 Q2006:I 1,667.8 1,936.2 856.5 1,079.7 2,462.6 1,871.3 964.7 906.6 359.5 Q2006:II 1,669.3 1,930.3 852.4 1,077.8 2,468.8 1,870.4 966.3 904.0 361.1 Q2006:III 1,670.0 1,927.6 850.1 1,077.6 2,476.0 1,869.8 967.2 902.5 362.2 8,254.1 0.2 8,242.7 -0.6 8,297.2 2.7 8,299.9 0.1 8,305.6 0.3
@FedFRASER