travel and tourism satellite account
Travel and Tourism Spending Grows at More Than Twice the Rate of the U.S. Economy in Q3 2015
January 7, 2016
The U.S. Department of Commerce recently announced that real spending (output) on travel and tourism continued to rise during the third quarter, increasing at an annual rate of 4.3 percent after increasing 8.4 percent in the second quarter of 2015. For perspective, the U.S. economy (gross domestic product) grew 2.1 percent during the third quarter, half the growth exhibited by travel and tourism. This marks the fourth consecutive quarter in which the growth of travel and tourism output has outpaced the growth of the U.S. economy. "After 22 consecutive quarters of job growth the travel and tourism industry has added more than 1.1 million...
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent
Today's News
More Than Half of the Global Markets Post RevPAR Growth of More Than 20% Versus 2019
Profiting From the Convergence of Wellness and Aging Populations
Pebblebrook Hotel Trust Completes Sale of The Hotel Colonnade Coral Gables, Autograph Collection
7 Restaurant Technology Trends to Watch in 2023
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.