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Peter Kuhbach:	(202)	606-5584	       		           		BEA 03-20
Stephen Gross:		606-5584
E-mail inquiries:	industrysatellites@bea.gov


				SALES OF U.S. TOURISM INDUSTRIES: FIRST QUARTER 2003

	Total U.S. tourism industry sales decreased 3.2 percent (seasonally adjusted annual rate) to $708.0 
	billion in the first quarter of 2003, according to preliminary estimates by the U.S. Bureau of 
	Economic Analysis.  Although total tourism sales continue to exceed the fourth quarter 2001 trough 
	of $661.6 billion by 7.0 percent, they remain 5.8 percent below the pre-September 11, 2001 peak of 
	$751.3 billion.  In the fourth quarter of 2002, tourism industry sales increased 6.9 percent.
	
	Direct tourism industry sales decreased $3.4 billion to $379.4 billion.  Direct tourism sales are 
	sales by tourism industries to out-of-town visitors.  Examples are sales by airlines and restaurants 
	to leisure and business travelers.  Direct sales of air transportation declined 18.5 percent in the 
	first quarter to $89.3 billion, and sales of hotel and lodging places declined 1.1 percent to $110.0 
	billion.  Partly offsetting these decreases was an increase in sales of eating and drinking places of 
	7.5 percent to $64.9 billion.

	Indirect tourism industry sales decreased $2.4 billion to $328.6 billion.  Indirect tourism sales are 
	sales to tourism industries by the industries that supply them.  Examples are sales of fuel to airlines 
	and food to restaurants.

	The tourism industry sales estimates released today for the fourth quarter of 2002 are based on more 
	complete source data than were available for the preliminary estimates issued in March.  In those 
	preliminary estimates, the increase in tourism industry sales for the fourth quarter of 2002 was 4.6 
	percent.  Most of the upward revision to the percentage change in tourism industry sales reflects an 
	upward revision to sales of air transportation.



	Tourism industries are those identified in BEA's Travel and Tourism Satellite Accounts (TTSA) as 
	industries whose primary products are typically purchased by out-of-town visitors.  Visitors are 
	people whose travel for pleasure or business takes them 50 miles or more away from home, or outside 
	of their usual environment.  The definitions, framework, and estimating methods used for the U.S. 
	TTSA's follow, as closely as practicable, the guidelines for similar accounts that were developed by 
	the World Tourism Organization (WTO) and the Organisation for Economic Co-operation and Development 
	(OECD).

	BEA's estimates of U.S. tourism industry sales include figures for both direct and indirect sales.  
	Direct tourism sales are sales by tourism industries to out-of-town visitors.  Indirect tourism sales 
	are sales to tourism industries by the industries that supply them.  Indirect sales were estimated 
	using industry-by-industry total requirements coefficients from BEA's input-output accounts. 

	Further information on BEA's TTSA and analyses of previous quarters are available on BEA's Web site.  
	Go to , click on "GDP by industry and input-output data," and look under "Satellite 
	Accounts -- Tourism."  With the support of the U.S. Department of Commerce's International Trade 
	Administration, BEA's first TTSA's were published in the July 1998 Survey of Current Business.  In 
	late 2001, BEA began producing prototype quarterly estimates of tourism industry sales.  BEA is now 
	publishing these estimates on a regular basis, approximately two weeks following the release of BEA's 
	preliminary estimates of GDP. 



	BEA's major national, international, regional, and industry estimates; the Survey of Current Business; 
	and BEA news releases are available without charge on BEA's Web site:
                                       		

	Summary BEA estimates are available on recorded messages at the time of public release at the following 
	telephone numbers:

                                (202)  606-5306   Gross domestic product
                                       606-5303   Personal income and outlays
                                       606-5362   U.S. international transactions

	Most of BEA's estimates and analyses appear in the Survey of Current Business, BEA's monthly journal.  
	Subscriptions and single copies of the printed Survey are for sale by the Superintendent of Documents, 
	U.S. Government Printing Office.  Internet:  ; phone: 202-512-1800; 
	fax: 202-512-2250; mail: Stop SSOP, Washington, DC 20402-0001.

                               		*          *          *

	Next release - Sales of U.S. Tourism Industries for Second Quarter 2003 will be released on
                                            September 12, 2003 at 10:30 A.M. EST.dt