IWS Documented News INTERNATIONAL

IWS Documented News Service
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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
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TRAVEL AND TOURISM SPENDING GROWS IN FOURTH QUARTER 2010 [18 March 2011]

http://www.bea.gov/newsreleases/industry/tourism/2011/tour410.htm

or

http://www.bea.gov/newsreleases/industry/tourism/2011/pdf/tour410.pdf

[full-text, 7 pages]

or

http://www.bea.gov/newsreleases/industry/tourism/2011/xls/tour410.xls

[spreadsheet]

Real spending on travel and tourism increased at an annual rate of 2.5 percent in the fourth quarter of 2010, following an increase of 8.6 percent (revised) in the third quarter of 2010. By comparison, real gross domestic product (GDP) increased 2.8 percent (second estimate) in the fourth quarter, after increasing 2.6 percent in the third quarter. Overall growth in prices for travel and tourism goods and services accelerated, increasing 3.4 percent in the fourth quarter of 2010 following a 0.2 percent (revised) increase in the third quarter. The slowdown in real spending on tourism mainly reflected a deceleration in international air transportation, primarily due to a strong upturn in prices and a slowdown in revenue; airlines imposed higher surcharges to recover increased fuel costs.

Real travel and tourism spending turned up in 2010, increasing 3.4 percent (that is, from the 2009 annual level to the 2010 annual level), after two consecutive years of decline.  Overall price growth for travel and tourism goods and services increased 3.9 percent in 2010 after a decrease of 4.3 percent in 2009.

AND MUCH MORE...including CHARTS & TABLES....

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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.

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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                  
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