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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 DECELERATED IN THE THIRD QUARTER OF 2014 [18 December 2014]

http://www.bea.gov/newsreleases/industry/tourism/tournewsrelease.htm

or

http://www.bea.gov/newsreleases/industry/tourism/2014/pdf/tour314.pdf

[full-text, 6 pages]

or

http://www.bea.gov/newsreleases/industry/tourism/2014/xls/tour314.xls

[spreadsheet]

 

Real spending on travel and tourism decelerated in the third quarter of 2014, increasing at an annual rate of 1.3 percent after increasing 3.3 percent (revised) in the second quarter. Real gross domestic product (GDP) also decelerated, increasing 3.9 percent (second estimate) in the third quarter after increasing 4.6 percent.

 

The leading contributors to the deceleration in the third quarter were "passenger air transportation," and "recreation and entertainment." "Passenger air transportation" turned down, decreasing 7.2 percent in the third quarter after increasing 11.1 percent in the second quarter. "Recreation and entertainment" also turned down, decreasing 5.5 percent after increasing 4.1 percent. Partially offsetting these downturns, "traveler accommodations" turned up, increasing 8.3 percent in the third quarter after decreasing 0.9 percent.

 

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

 

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