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Travel and Tourism
Overview of the Travel and Tourism Industry, its importance to the global economy and the
significance of civil aviation to that industry.
Travel & Tourism Data1999 and 2010
High LightsGlobal Data U. S. Data
Travel & Tourism Data
and Supporting Reports for the
NASA Aeronautics Study
Critique & Technical Discussion of T & T Data
1993 DataCriticismsRevisionsRecent Data SystemCautions
Comparing 1994 & 1999 No adequate Documentation or Definitions for
1994 Data Terms not Comparable Estimating Techniques Different
T & T DATA HISTORY World Travel & Tourism Council First Estimate of T & T Industry Economic
Data--1993 Forecasts for 1994 and 2001 Immediate Objectives
Support “Free Trade in the Air” Emphasis on Air transport Show significance of the T & T Industry
Criticisms of T & T Data
Industry Generated Data Lacked Documentation & Methodology Not Comparable with Existing Economic
Databases Viewed by Others as Self-serving
Recommendations of Professionals
Rigorous Methodology Definitions and Documentation Links to Existing Official Economic Data
Bases Credible Data Collection Entities
Resulting Data System
Most other OECD Countries Now Provide Compatible Data
UN Department of Economic & Social Affairs Collects Data from Most
CountriesUses Methodology &
Definitions Compatible with OECD Countries
Data for the U. S. 1995 Whitehouse Conference BEA to
Develop Data System Travel & Tourism Satellite Account
Completed 1998 Methodology and Definitions Rigorously
Documented Integrated into the U. S. Input and Output
Accounts I-O Factors among Industry Groups
Developed
United Nations Data Collection• UN Department of Economic & Social Affairs (Information Office) and UN Tourism Organization
• Now Collecting Data from Most Countries•Uses Methodology & Definitions Compatible with OECD Countries
Limitations of T & T SA
U. S. Data Based on 1992 Business Census Assumption--1992 relationships (Input-Output)
hold until next Census I-O Factors revised after 1998 Business Census
(Revisions Due Late 1999/Early 2000)
World Travel & Tourism Council
1999 Forecast Of T & T Economic Impact Derived from 1998 Data
Projection for 2010 is Included Global and Regional Forecasts for 1999 and
Projections for 2010 General Agreement on Methodology &
Terms
Limitations on Newly Released Forecasts & Projections
All OECD Countries Now Report No Data from Many Smaller Countries Regional Samples Used for Some (Latin
America, Eastern Europe) E.g., Argentina and Brazil
Used to Estimate Latin America
Assumed Growth Rates to 2010
Key Points from Global Projection For 2010 For Travel & TourismReal Growth 3.3% per
year Through 2010 Economy GDP will be 11% of Global GDP Employment will be 9% Tax Revenues at 11.7% of Total
United States Data for T & T Up to 25% of All Direct T & T Expenditures
for Airfares Largest Single Item
T & T GDP $1,067 Billion in 1999 Japan next highest at $389 B.
T & T GDP Projected at $1.8 Trillion by 2010
U. S. Employment & Government Spending T & T Economy accounts for 17.5 Million U.S.
jobs in 1999 (13.2%) 20.2 Million U.S. Jobs Expected in 2010
(13.5%) Governments spent $52.2 Billion for T & T
1999 By 2010 Projected to reach $85 Billion
Direct & Indirect Economic Factors Factors for US Air
Transportation Direct & Indirect Requirements:
Per $ of Air Transportation Service Primary Ind. (mfg) = .35 Transportation = 1.17 Services = .47 Total = 1.99
The Direct Impact is .99 or approx. $1 to $1: Indirect to Direct
Travel & Tourism Factors Direct Products & Services Required per $1
expended for Travel & Tourism in the U. S. Air fares .25 Lodging .16 Meals, etc .14 Shopping .12 All Other .34 Total $1.00
Travel and Tourism Demand Includes
Personal Consumption (Durables, Non-durables, Services) Business Travel (Corporate & Government) Visitor Exports Government Expenditures Capital Investment Non-visitor Exports (World Tourism)
Industry Perspective of the T & T Satellite
Account Captures all economic activity
related to persons traveling to and staying in places outside their usual environment.
For purposes of Satellite Accounting the optimal aggregated measurement is best determined from the demand point of view
Industry prefers the T & T Demand measure (largest measure of activity)
Gross Domestic Product for T & T
GDP of Tourism Industries (Direct and Indirect GDP for Tourism Consumption)
Imports by Tourist Industries Employment by Tourist Industries