Tourism Satellite Accounts
Global Insight's travel and tourism expert consultants work with state and national governments to create Tourism Satellite Accounts. Tourism Satellite Accounts are the United Nations' approved system for measuring the economic impact of travel and tourism on a state, national, or regional economy. Compared with traditional economic-impact methodologies, this system provides a more comprehensive and accurate view of the industry relative to a particular geography.
Our Tourism Satellite Accounts provide a complete picture of the local tourism industry and enable you to quantify and track the sector's impact on the rest of the economy. Tourism Satellite Accounts provide answers to key questions such as:
- How much of each tourism dollar is retained in the country?
- How does government support compare to tax revenues generated by tourism?
- Are current levels of capital investment sufficient to sustain tourism growth?
- Do tourism growth rates reflect the growth rates in the manufacturing sector?
- What is tourism's impact on other industry sectors?
- How does tourism compare with other industries?
With results generated from a Tourism Satellite Account, government agencies can determine the travel and tourism industry's importance for their region's vitality. With this information, they can create realistic marketing budgets, justify capital expenditures, and take other steps necessary to support the industry.
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