1 / 0

23 rd Annual Southern California Visitor Industry Outlook Conference Economic Outlook

23 rd Annual Southern California Visitor Industry Outlook Conference Economic Outlook. Kimberly Ritter-Martinez Associate Economist The Kyser Center for Economic Research LAEDC . U.S. Economic Growth. Q/Q %Change (Annual Rate). Sources: Bureau of Economic Analysis.

fawzi
Download Presentation

23 rd Annual Southern California Visitor Industry Outlook Conference Economic Outlook

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 23rd Annual Southern California Visitor Industry Outlook ConferenceEconomic Outlook

    Kimberly Ritter-Martinez Associate Economist The Kyser Center for Economic Research LAEDC
  2. U.S. Economic Growth Q/Q %Change (Annual Rate) Sources: Bureau of Economic Analysis
  3. Jobless Rates -- Still Too High Percent Unemployed (SA) Annual %Change California 11.9% Los Angeles 12.4% Orange 8.6% San Diego 9.7% Sources: BLS, CA EDD
  4. U.S. Retail Sales Source: U.S. Census Bureau
  5. U.S. Housing Starts Thousands of Homes 2078 1949 1848 1812 1355 906 740 574 554 Source: U.S. Census Bureau
  6. Personal Income & the Saving Rate Source: U.S. Department of Commerce, Bureau of Economic Analysis (BEA)
  7. Nondefense Capital Goods Shipments Source: U.S. Census Bureau
  8. Pre-Tax Corporate Profits With Inventory & Capital Consumption Adjustments Source: Bureau of Economic Analysis (BEA), U.S. Department of Commerce
  9. California Gas & Diesel Prices Source: Energy Information Agency
  10. Domestic Feeder Markets Source: LA Inc, BLS, BEA, CA EDD
  11. Mexico GDP Growth % Change in Real GDP, Year-Over-Year Mexican Visitors to CA 2010 376,000 (air arrivals) Up 9.0% over 2009 22.4% share of total to US Source: IMF, World Economic Outlook, LA Inc., Visit California
  12. Canada GDP Growth % Change in Real GDP, Year-Over-Year Canadian Visitors to CA 2010 1,355,900 – Up 13.0% over 2009 6.8% share of total to US Source: IMF, World Economic Outlook, LA Inc., Visit California
  13. U.K. GDP Growth % Change in Real GDP, Year-Over-Year U.K. Visitors to CA 2010 683,000 - up 3.0% over 2009 17.7% share of total to US Source: IMF, World Economic Outlook, LA Inc., Visit California
  14. Japan GDP Growth % Change in Real GDP, Year-Over-Year Japanese Visitors to CA 2010 545,000 – Up 19.0% over 2009 16.1% share of total to US Source: IMF, World Economic Outlook, LA Inc., Visit California
  15. China GDP Growth % Change in Real GDP, Year-Over-Year Chinese Visitors to CA 2010 399,000 (excl. Hong Kong) Up 49.0% over 2009 48.8% share of total to US Source: IMF, World Economic Outlook, LA Inc., Visit California
  16. Australia GDP Growth % Change in Real GDP, Year-Over-Year Australian Visitors to CA 2010 502,000 - Up 33.0% over 2009 55.5% share of total to US Source: IMF, World Economic Outlook, LA Inc., Visit California
  17. VALUE OF U.S. DOLLAR SINCE 2000 Index (2000 = 100) Source: Federal Reserve Board G5
  18. In Summary: Slow rate of job creation Financial market fragility Housing & real estate are troubled. State/local government budgets are problematic. BUT. . . The economic recovery is real - it is not as strong as we initially thought, but it is still largely intact. Tourism, technology, trade, & entertainmentare leading the way in California. Labor markets will improve.
  19. Wrap Up Travel & Tourism has Outperformed U.S. Economy during recovery Weaker Growth at Home & Abroad will Slow Tourism Expansion in 2012 U.S Consumers Face Constraints International Market Remains a Bright Spot
  20. THANK YOU For Further Insight into the Local Economy find our Mid-Year Economic Forecast & Industry Outlook online at www.LAEDC.org/reports • Keep up with economic news and major developments by subscribing to e-EDGE, our free weekly economic newsletter. Check out the current issue at www.LAEDC.org/eEdge
More Related