AIRLINK 204.45 Increased By ▲ 3.55 (1.77%)
BOP 10.09 Decreased By ▼ -0.06 (-0.59%)
CNERGY 6.91 Increased By ▲ 0.03 (0.44%)
FCCL 34.83 Increased By ▲ 0.74 (2.17%)
FFL 17.21 Increased By ▲ 0.23 (1.35%)
FLYNG 24.52 Increased By ▲ 0.48 (2%)
HUBC 137.40 Increased By ▲ 5.70 (4.33%)
HUMNL 13.82 Increased By ▲ 0.06 (0.44%)
KEL 4.91 Increased By ▲ 0.10 (2.08%)
KOSM 6.70 No Change ▼ 0.00 (0%)
MLCF 44.31 Increased By ▲ 0.98 (2.26%)
OGDC 221.91 Increased By ▲ 3.16 (1.44%)
PACE 7.09 Increased By ▲ 0.11 (1.58%)
PAEL 42.97 Increased By ▲ 1.43 (3.44%)
PIAHCLA 17.08 Increased By ▲ 0.01 (0.06%)
PIBTL 8.59 Decreased By ▼ -0.06 (-0.69%)
POWER 9.02 Decreased By ▼ -0.09 (-0.99%)
PPL 190.60 Increased By ▲ 3.48 (1.86%)
PRL 43.04 Increased By ▲ 0.98 (2.33%)
PTC 25.04 Increased By ▲ 0.05 (0.2%)
SEARL 106.41 Increased By ▲ 6.11 (6.09%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 42.91 Increased By ▲ 0.58 (1.37%)
SYM 18.31 Increased By ▲ 0.33 (1.84%)
TELE 9.14 Increased By ▲ 0.03 (0.33%)
TPLP 13.11 Increased By ▲ 0.18 (1.39%)
TRG 68.13 Decreased By ▼ -0.22 (-0.32%)
WAVESAPP 10.24 Decreased By ▼ -0.05 (-0.49%)
WTL 1.87 Increased By ▲ 0.01 (0.54%)
YOUW 4.09 Decreased By ▼ -0.04 (-0.97%)
BR100 12,137 Increased By 188.4 (1.58%)
BR30 37,146 Increased By 778.3 (2.14%)
KSE100 115,272 Increased By 1435.3 (1.26%)
KSE30 36,311 Increased By 549.3 (1.54%)

Sales from US tourism industries to consumers and businesses set a record in the first quarter, surpassing a peak hit in the final quarter of 2000 as the recovery in the battered industry gained pace, a government report showed on Thursday.
First-quarter tourism industries' sales jumped an annualised 11.6 percent to a record $757.7 billion. Sales rose 0.4 percent in the prior quarter to a revised $737.2 billion, the Commerce Department's Bureau of Economic Analysis said.
Sales in the period were up sharply from $704.3 billion in the same quarter a year earlier.
"This recovery in tourism sales is attributable to mixed growth in the two largest tourism industries - air transportation and hotels and lodging places - and strong growth in other tourism industries such as eating and drinking places, amusement and recreation services, and motion pictures and other entertainment," Commerce said.
In the first quarter, direct airline ticket sales rose 18.6 percent after an 8.6 percent fall in the fourth quarter. Hotel and lodging sales rose 10.9 percent after a 5.3 percent drop in the prior quarter.
Commerce said air transportation and hotels and lodging together accounted for 52 percent of total tourism sales in the first quarter, compared with 59 percent during the fourth quarter of 2000.
With gasoline prices surging, sales in that sector surged 46.5 percent in the first quarter after a 5.4 percent gain in the final quarter of 2003.
Sales at eating and drinking establishments rose 14.2 percent, while amusement and recreation climbed 18.2 percent. Professional sports clubs sales rose 19.2 percent.
But rail ticket sales slid 14.9 percent and auto rentals declined 9.6 percent in the first quarter, the data showed. Bus ticket sales were down 0.9 percent.
The Commerce Department data - which dates back to 2000 - include direct sales between tourist industries and travellers of airline tickets, hotel rooms and other services. They also include indirect sales between suppliers and the industry, such as fuel to airlines and food to restaurants.
Tourism sales levels have risen every quarter since the third quarter of 2002 as the broad economy clawed its way back from the 2001 recession.

Copyright Reuters, 2004

Comments

Comments are closed.