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Tourism Satellite Accounts: A Critical Assessment

Egon Smeral

Austrian Institute of Economic Research (WIFO) in Vienna and Center for Tourism and Service Industries at the University of Innsbruck

Experts faced with the problems of measuring the size of tourism and its contribution to GDP have proposed tourism satellite accounts (TSAs), which focus on a regular stream of financial data that can be compared through time and with other economic activities at a regional, national, and international level. The article makes it clear that in measuring the TSA-based contribution made by the tourism industry to national or regional GDP, results must be adjusted for indirect effects and intermediate consumption (such as business trips of residents). Using the case of Austria and two of its Länder (states), the article demonstrates the sheer scope by which the tourism industry’s contribution to the national and regional GDP is underestimated. Even when business trips by residents are included and thus make for a greater contribution of tourism to GDP, this fails to compensate for the downward bias produced by ignoring the indirect effects of tourism demand.

Key Words: tourism satellite accounts • tourism demand • economic impact • input-output analysis

Journal of Travel Research, Vol. 45, No. 1, 92-98 (2006)
DOI: 10.1177/0047287506288887
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G. Ahlert
Estimating the Economic Impact of an Increase in Inbound Tourism on the German Economy Using TSA Results
Journal of Travel Research, November 1, 2008; 47(2): 225 - 234.
[Abstract] [PDF]