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A Travel and Tourism Satellite Account (TTSA) is an economic tool to more accurately measure the impact of the travel and tourism industries on the U.S. economy. It also measures job creation and provides industry comparability by using the U.S. System
of National Accounts, which is the basis for configuring the GDP. It is called a Satellite Account because it is derived off of the U.S. national income accounts, the basis for GDP. It starts with a core that will consist of the obvious producers, like
lodging and transportation, for example.
- This program was started in October, 1997.
- The program is conducted in conjunction with the Bureau of Economic Analysis (BEA) in the Department of Commerce, who are actually responsible for the design and computation of the account.
- A prototype of the TTSA is scheduled to be published in summer, 1998 in the Survey of Current Business.
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