Wednesday, September 23, 2009
[IWS] BEA: TOURISM SPENDING DECLINED LESS IN THE SECOND QUARTER 2009 [23 September 2009]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
TOURISM SPENDING DECLINED LESS IN THE SECOND QUARTER 2009 [23 September 2009]
http://www.bea.gov/newsreleases/industry/tourism/2009/tour209.htm
or
http://www.bea.gov/newsreleases/industry/tourism/2009/pdf/tour209.pdf
[full-text, 7 pages]
or
http://www.bea.gov/newsreleases/industry/tourism/2009/xls/tour209.xls
[spreadsheet]
Real spending on travel and tourism declined at an annual rate of 1.4 percent in 2009:2 (that is, from the first quarter to the second quarter) after declining 8.9 percent (revised) in 2009:1. By comparison, real gross domestic product (GDP) decreased 1.0 percent (second estimate) in 2009:2 after decreasing 6.4 percent in 2009:1. Travel and tourism prices continued to decline but at a slower ratedecreasing 3.5 percent in 2009:2 after decreasing 10.6 percent (revised) in 2009:1. Transportation and traveler accommodations made the largest contributions to the decrease in real spending in 2009:1 despite price declines for both.
* Passenger air transportation experienced an upturnincreasing 0.8 percent in 2009:2 after decreasing 21.5 percent (revised) in 2009:1. Real spending on domestic flights grew for the first time in six quarters, while real spending on international flights, which was influenced by the H1N1 flu virus, continued to decline.
* Spending on accommodations posted a smaller decrease1.7 percent in 2009:2 after a 21.8 percent (revised) decrease in 2009:1. The smaller decrease reflected improved occupancy rates at hotels and slower declines in business travel.
* Transportation prices showed smaller decreases (7.8 percent in 2009:2 compared to 22.1 percent (revised) in 2009:1). Auto travelers and tourists began to pay more for gasoline at the pump, but airfare prices continued to fall.
AND MUCH MORE...including CHARTS & TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
TOURISM SPENDING DECLINED LESS IN THE SECOND QUARTER 2009 [23 September 2009]
http://www.bea.gov/newsreleases/industry/tourism/2009/tour209.htm
or
http://www.bea.gov/newsreleases/industry/tourism/2009/pdf/tour209.pdf
[full-text, 7 pages]
or
http://www.bea.gov/newsreleases/industry/tourism/2009/xls/tour209.xls
[spreadsheet]
Real spending on travel and tourism declined at an annual rate of 1.4 percent in 2009:2 (that is, from the first quarter to the second quarter) after declining 8.9 percent (revised) in 2009:1. By comparison, real gross domestic product (GDP) decreased 1.0 percent (second estimate) in 2009:2 after decreasing 6.4 percent in 2009:1. Travel and tourism prices continued to decline but at a slower ratedecreasing 3.5 percent in 2009:2 after decreasing 10.6 percent (revised) in 2009:1. Transportation and traveler accommodations made the largest contributions to the decrease in real spending in 2009:1 despite price declines for both.
* Passenger air transportation experienced an upturnincreasing 0.8 percent in 2009:2 after decreasing 21.5 percent (revised) in 2009:1. Real spending on domestic flights grew for the first time in six quarters, while real spending on international flights, which was influenced by the H1N1 flu virus, continued to decline.
* Spending on accommodations posted a smaller decrease1.7 percent in 2009:2 after a 21.8 percent (revised) decrease in 2009:1. The smaller decrease reflected improved occupancy rates at hotels and slower declines in business travel.
* Transportation prices showed smaller decreases (7.8 percent in 2009:2 compared to 22.1 percent (revised) in 2009:1). Auto travelers and tourists began to pay more for gasoline at the pump, but airfare prices continued to fall.
AND MUCH MORE...including CHARTS & TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 1:35 PM
