Travel and tourism l.jpg
1 / 29

Travel and Tourism.


45 views
Uploaded on:
Category: Animals / Pets
Description
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. Travel & Tourism Data 1999 and 2010. High Lights Global Data U. S. Data. Travel & Tourism Data
Transcripts
Slide 1

Travel and Tourism F. X. Murray Overview of the Travel and Tourism Industry, its significance to the worldwide economy and the hugeness of common flying to that industry.

Slide 2

Travel & Tourism Data 1999 and 2010 High Lights Global Data U. S. Information

Slide 3

Travel & Tourism Data and Supporting Reports for the NASA Aeronautics Study Prepared by SAIC

Slide 4

Critique & Technical Discussion of T & T Data 1993 Data Criticisms Revisions Recent Data System Cautions

Slide 5

Comparing 1994 & 1999 No satisfactory Documentation or Definitions for 1994 Data Terms not Comparable Estimating Techniques Different

Slide 6

World Travel & Tourism Council First Estimate of T & T Industry Economic Data- - 1993 Forecasts for 1994 and 2001 Immediate Objectives Support "Unhindered commerce in the Air" Emphasis on Air transport Show centrality of the T & T Industry T & T DATA HISTORY

Slide 7

Industry Generated Data Lacked Documentation & Methodology Not Comparable with Existing Economic Databases Viewed by Others as Self-serving Criticisms of T & T Data

Slide 8

Recommendations of Professionals Rigorous Methodology Definitions and Documentation Links to Existing Official Economic Data Bases Credible Data Collection Entities

Slide 9

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

Slide 10

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. Info and Output Accounts I-O Factors among Industry Groups Developed

Slide 11

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

Slide 12

Limitations of T & T SA U. S. Information Based on 1992 Business Census Assumption- - 1992 connections (Input-Output) hold until next Census I-O Factors reconsidered after 1998 Business Census (Revisions Due Late 1999/Early 2000)

Slide 13

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

Slide 14

Limitations on Newly Released Forecasts & Projections All OECD Countries Now Report No Data from Many Smaller Countries Regional Samples Used for Some (Latin America, Eastern Europe) E.g., Argentina and Brazil Used to Estimate Latin America Assumed Growth Rates to 2010

Slide 15

Travel & Tourism High Lights for 1999 Travel & Tourism Impact Direct and Indirect upon the Global Economy 11% of GDP 200 Million Jobs 8% of Total Employment 5.5 Million New Jobs for each year until 2010

Slide 16

U. S. Highlights Data utilized as a part of WTTC Data System Importance of US in T & T Industry Employment Capital Investment Government Spending Federal Agencies State & Local

Slide 17

Key Points from Global Projection For 2010 For Travel & Tourism Real Growth 3.3% every year Through 2010 Economy GDP will be 11% of Global GDP Employment will be 9% Tax Revenues at 11.7% of Total

Slide 18

T & T Forecast for 2010 Investment Government Expenditures to Support T & T Increase at a higher rate than in T & T Global Capital Investment $733 B in 1999 and anticipated to be $1.5 Trillion by 2010. T & T Capital Investment Grows Faster than Global Investment

Slide 19

United States Data for T & T Up to 25% of All Direct T & T Expenditures for Airfares Largest Single Item T & T GDP $1,067 Billion in 1999 Japan next most astounding at $389 B. T & T GDP Projected at $1.8 Trillion by 2010

Slide 20

U. S. Work & Government Spending T & T Economy represents 17.5 Million U.S. employments in 1999 (13.2%) 20.2 Million U.S. Employments Expected in 2010 (13.5%) Governments burned through $52.2 Billion for T & T 1999 By 2010 Projected to reach $85 Billion

Slide 21

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 Services, Misc. = .26 Value Added = .45 Primary Industries incorporate Agri., mining, constr., & mfg.; Other Transportation incorporates pipelines & own vehicle; Services incorporate account, protection, correspondences, Utilities & Gov't.

Slide 22

Direct & Indirect Economic Factors for US Air Transportation Direct & Indirect Requirements: Per $ of Air Transportation Service Primary Ind. (mfg) = .35 Transportation = 1.17 Services = .47 Total = 1.99 The Direct Impact is .99 or approx. $1 to $1: Indirect to Direct

Slide 23

Travel & Tourism Factors Direct Products & Services Required per $1 used for Travel & Tourism in the U. S. Air tolls .25 Lodging .16 Meals, and so on .14 Shopping .12 All Other .34 Total $1.00

Slide 24

Cautionary Notes Definitions for T & T Economic Measures are bulky and hard to ace, 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

Slide 25

Travel & Tourism Industry GDP (Supply) Includes Direct Value Added Associated with T & T Consumption Consumer uses (durables, nondurables & administrations) Travel and Tourism Business Sales (private & open) Travel and Tourism government uses Travel and Tourism Foreign Trade (guest sends out)

Slide 26

Travel & Tourism Economy GDP Direct and Indirect Value Added including T & T Consumption T & T Capital Investment (Public and Private) Government Expenditures T & T remote Trade

Slide 27

Travel and Tourism Demand Includes Personal Consumption (Durables, Non-durables, Services) Business Travel (Corporate & Government) Visitor Exports Government Expenditures Capital Investment Non-guest Exports (World Tourism)

Slide 28

Industry Perspective of the T & T Satellite Account Captures all financial action identified with people flying out to and staying in spots outside their standard surroundings. For motivations behind Satellite Accounting the ideal amassed estimation is best decided from the interest perspective Industry lean towards the T & T Demand measure (biggest measure of action)

Slide 29

Gross Domestic Product for T & T GDP of Tourism Industries (Direct and Indirect GDP for Tourism Consumption) Imports by Tourist Industries Employment by Tourist Industries