BEA News: Travel and Tourism Satellite Accounts, 4th quarter and annual 2012

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:   

Real spending on travel and tourism turned up in the fourth quarter of 2012, increasing at an annual rate of 1.8 percent after decreasing 0.7 percent (revised) in the third quarter. By comparison, growth in real gross domestic product (GDP) increased 0.1 percent (second estimate) in the fourth quarter of 2012 after increasing 3.1 percent in the third quarter. For the year, real spending on travel and tourism increased 2.7 percent in 2012 after increasing 3.2 percent in 2011. By comparison, real GDP increased 2.2 percent in 2012 after increasing 1.8 percent in 2011.

The full text of the release on BEA's Web site can be found at http://www.bea.gov/newsreleases/industry/tourism/tournewsrelease.htm 

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