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Journal of Travel Research
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Tourism Demand and Output in the U.S. Tourism Satellite Accounts: 1998-2003

James Mak

University of Hawaii at Manoa

The Bureau of Economic Analysis’s (BEA) latest estimates of the U.S. travel and tourism satellite accounts for 1998-2003 do not account for changes in the prices of travel goods and services. This brief article estimates real travel and tourism output and demand by using a travel price index computed by the Travel Industry Association of America. The article shows that after accounting for price changes, U.S. tourism output and demand in 2003 did not surpass their pre-2001 peaks, as was suggested by the BEA.

Key Words: travel and tourism satellite accounting

Journal of Travel Research, Vol. 44, No. 1, 4-5 (2005)
DOI: 10.1177/0047287505276586
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