Travel, Tourism Spending Up in 1st Quarter

by Dave on June 22, 2010

Tourism spending is up 3.9% in the first quarter of 2010, according to data released by the US Department of Commerce’s Bureau of Economic Analysis. The positive news was led by an increase in accommodations spending by tourists.

According to the BEA, total current-dollar tourism-related spending was $1.3 trillion in the first three months of 2010 and consisted of $737 billion (57 percent) of direct tourism spending — goods and services sold directly to visitors — and $567 billion (43 percent) of indirect tourism-related spending — goods and services used to produce what visitors buy.

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