U.S. TRAVEL AND TOURISM SATELLITE ACCOUNTS FOR 1992

Abstract

This article presents prototype travel and tourism satellite accounts (TTSAs), which are a second set of extensions developed in 1998 to the U.S. input-output (I-O) accounts. Satellite accounts are rearrangements of information from the national economic accounts and other sources for the purpose of analyzing specific economic activities more completely than is possible within the structure of the basic accounts. The TTSAs integrate information on the flows of commodities that are related to travel and tourism activities but that are not identified in the standard presentation of the I-O accounts. The first section of this article describes the development of the TTSAs. The second section provides a conceptual overview of the TTSAs, including their relationship to the I-O accounts. The third section describes the major components of the TTSAs. The fourth section provides an overview of the methodology used to estimate the TTSAs. The fifth section summarizes the TTSA estimates for 1992. The final section outlines future work and extensions.