The preparation of tourism satellite account, according to Yantai tourism Bureau on 15th this month, will be officially initiated in a few days as a provincial trial in Yantai city to better assessing the development level of tourism economy in Yantai city.
On the preparation of the tourism satellite account, tourism industry is treated as an integrated part of local national economic accounting system, offering a comprehensive and scientific measurement of the contribution rate made by tourism industry to regional economy, financial revenue and employment of Yantai. Upon completion, tourism-related enterprises in the fields of transportation, employment, catering and other relevant enterprises will make clear the contribution made by tourism industry to their own development, providing guiding reference for further development.
The account takes into consideration two aspects, i.e. the demand of economic activities and the supply of tourism products, covering not only the overall demand of tourism industry on material and service products, but also the establishment of production scale of production sectors, such as transportation, hotel and catering, whole sale and retail, management of tourist attractions, residential service and travel agency.
As a provincial pilot city applying tourism satellite account, Yantai City carried out 16 major supplementary investigations based on current statistic data and data collected from the second National Economic Census. At present, the investigation programs under tourism satellite account on inbound tourists%26rsquo; expenses, domestic tourists%26rsquo; expenses and the tour-group expense structure of travel agency have been completed and the entire plan is estimated to be completed in two years.
