U.S. Tourism Sales Hit Highest Level in 3 Years
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Sales in the recovering U.S. tourism industry edged higher in the fourth quarter of 2003 and hit their highest level since 2000 in the year as a whole, a government report showed.
Total 2003 sales climbed 3.5% to $722.1 billion, the highest since $737.2 billion in 2000, a Commerce Department report said. Sales for 2002 were $697.8 billion.
Tourism sales in the final quarter of 2003 rose at an annualized 2.2% pace to $740.6 billion -- near a high of $746.7 billion in the fourth quarter of 2000 -- from a downwardly revised $736.6 billion in the third quarter. In the prior-year fourth quarter, sales stood at $699.3 billion.
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