IWS Documented News DAILY POSTINGS

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 TURNED DOWN IN THE THIRD QUARTER 2011 [21 December 2011]

http://www.bea.gov/newsreleases/industry/tourism/2011/tour311.htm

or

http://www.bea.gov/newsreleases/industry/tourism/2011/pdf/tour311.pdf

[full-text, 7 pages]

or

http://www.bea.gov/newsreleases/industry/tourism/2011/xls/tour311.xls

[spreadsheet]

Real spending on travel and tourism decreased at an annual rate of 1.0 percent in the third quarter of 2011 after increasing 3.2 percent (revised) in the second quarter. By comparison, growth in real gross domestic product (GDP) increased 2.0 percent (second estimate) in the third quarter after increasing 1.3 percent in the second quarter. The decrease in real spending on tourism primarily reflected decreases in total transportation and in traveler accommodations.

Overall growth in prices for travel and tourism goods and services remained high, increasing 5.2 percent in the third quarter of 2011 following a 7.4 percent (revised) increase in the second quarter. The growth in prices for travel and tourism goods and services reflected increases in prices for traveler accommodations and for total transportation.

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) 262-6041               
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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