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BEA Reports Total Tourism-Related Sales Grew 5.3 Percent in First Quarter

September 13, 2004

BEA Reports Total Tourism-Related Sales Grew 5.3 Percent in First Quarter
September 13, 2004 – According to a release from the Commerce Department’s Bureau of Economic Analysis, the total sales of tourism-related goods and services grew at a seasonally adjusted annual rate of 5.3 percent in the second quarter of 2004 to $965 billion.

Direct tourism sales – goods and services sold directly to visitors – accounted for $546.4 billion of the total. Another $418.6 billion was derived from indirect tourism sales — those things used to produce the goods and services visitors buy. The survey also reports that direct tourism-related employment grew by 8.9 thousand employees (seasonally adjusted at annual rates) in the first quarter 2004.

Other highlights of the release include:

  • Direct tourism-related sales increased 5.6 percent, $7.4 billion at an annual rate, in the second quarter of 2004.
  • Over one-third of this increase was due to growth in passenger air transportation, which increased 11.4 percent to $95.5 billion.
  • Hotel and other traveler accommodations grew 7.9 percent to $85.0 billion. All other transportation-related goods and services rose 6.8 percent to $109.6 billion.

For full survey results, visit http://www.bea.doc.gov/bea/newsrel/tournewsrelease.htm.

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