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SummaryThe main objective of this work is to produce up to date and frequent figures of the demand and supply sides of the tourism sector. Demand here refers to tourism consumption or expenditure, while supply refers to the output from tourism related industries. This is carried out to address one of the weaknesses of the Tourism Satellite Account (TSA), which is based on data from the System of National Accounts (SNA) which is published two years after the reference date. The requirement for timely and frequent figures for tourism demand and supply has emerged from all the main actors in the UK tourism sector: the national tourism boards, for example VisitEngland; Department for Culture, Media, and Sport (DCMS); and the nine regional development agencies (RDA).

A proposed methodology for nowcasting the demand and supply estimates of tourism activities