Tourism Spending Up 6.8 Percent

by Arkansas Business Staff  on Monday, Jul. 1, 2013 12:00 am  

Real spending in the United States on travel and tourism rose 6.8 percent in the first quarter of 2013, compared with an increase of 2.1 percent in the fourth quarter of 2012. The growth in tourism spending surpassed that of real gross domestic product or GDP, which rose 2.4 percent in first-quarter 2013. The figures came courtesy of the U.S. Bureau of Economic Analysis.

The primary factor behind the growth in tourism spending was an increase in spending on passenger air transportation, which rose 19 percent in first-quarter 2013, compared with a 2.7 percent decline in fourth-quarter 2012.



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