Resulting Data System
Most other OECD Countries Now Provide Compatible Data UN Department of Economic & Social Affairs
Collects Data from Most Countries Uses Methodology & Definitions Compatible with OECD Countries
United Nations Data Collection
• UN Department of Economic & Social Affairs (Information Office) and UN TourismOrganization
• Now Collecting Data from Most Countries •Uses Methodology & Definitions Compatible with OECD Countries
11% of GDP 200 Million Jobs 8% of Total Employment 5.5 Million New Jobs per year until 2010
U. S. Highlights
Data used in WTTC Data System Importance of US in T & T Industry Employment Capital Investment Government Spending
World Travel & Tourism Council
1999 Forecast Of T & T Economic Impact Derived from 1998 Data Projection for 2010 is Included Global and Regional Forecasts for 1999 and Projections for 2010 General Agreement on Methodology & Terms
Travel and Tourism
F. X. Murray
Overview of the Travel and Tourism Industry, its importance to the global economy and the significance of civil aviation to that industry.
include finance, insurance, communications, Utilities & Gov’t.
Direct & Indirect Economic Factors
Factors for US Air Transportation Direct & Indirect Requirements:
Travel & Tourism Data 1999 and 2010
High Lights Global Data U. S. Data
Travel & Tourism Data and Supporting Reports for the NASA Aeronautics Study
Prepared by SAIC
Services, Misc. = .26
Value Added =
.45
Primary Industries include Agri., mining, constr., & mfg.; Other Transportation includes pipelines & own transport; Services
Critique & Technical Discussion of T & T Data
1993 Data Criticisms Revisions Recent Data System Cautions
Comparing 1994 & 1999
No adequate Documentation or Definitions for 1994 Data Terms not Comparable Estimating Techniques Different
Limitations of T & T SA
U. S. Data Based on 1992 Business Census
Assumption--1992 relationships (Input-Output) hold until next Census
I-O Factors revised after 1998 Business Census (Revisions Due Late 1999/Early 2000)
Analytical Tools: Direct Economic Factors
Economic Factors for US Transportation Direct Impact per $ of Air Transport $ 1.00
Primary Ind. (mfg) = .14
Other Transport = .15
T & T Capital Investment Grows Faster than Global Investment
United States Data for T & T
Up to 25% of All Direct T & T Expenditures for Airfares
Largest Single Item
Data for the U. S.
1995 Whitehouse Conference BEA to Develop Data System Travel & Tourism Satellite Account Completed 1998 Methodology and Definitions Rigorously Documented Integrated into the U. S. Input and Output Accounts I-O Factors among Industry Groups Developed
Recommendations of Professionals
Rigorous Methodology Definitions and Documentation Links to Existing Official Economic Data Bases Credible Data Collection Entities
Travel & Tourism Factors
Direct Products & Services Required per $1 expended for Travel & Tourism in the U. S.
Air fares
.25
Lodging
.16
Meals, etc .14
Shopping .12
T & T DATA HISTORY
World Travel & Tourism Council First Estimate of T & T Industry Economic Data--1993 Forecasts for 1994 and 2001 Immediate Objectives
All Other
.34
Total
$1.00
Cautionary Notes
Definitions for T & T Economic Measures are cumbersome and difficult to master, e.g.
1999 the “T & T Industry GDP” is $1,328 Billion, BUT… “T & T Economy GDP” is $3,549, AND… “T & T Demand” is $4,475 Billion
E.g., Argentina and Brazil Used to Estimate Latin America
Assumed Growth Rates to 2010
Travel & Tourism High Lights for 1999
Travel & Tourism Impact Direct and Indirect upon the Global Economy
T & T GDP $1,067 Billion in 1999
Japan next highest at $389 B.
T & T GDP Projected at $1.8 Trillion by 2010
U. S. Employment & Government Spending
T & T Economy accounts for 17.5 Million U.S. jobs in 1999 (13.2%) 20.2 Million U.S. Jobs Expected in 2010 (13.5%) Governments spent $52.2 Billion for T & T 1999 By 2010 Projected to reach $85 Billion
Federal Agencies State & Local
Key Points from Global Projection For 2010 For Travel & Tourism