Tourism Satellite Account (TSA) for Lower Saxony – Update TSA 2019
Using the Tourism Satellite Account, DIW Econ in cooperation with TouristiCon and dwif quantified the overall regional economic impact of tourism in Lower Saxony for the second time and updated the previous study with the reference year 2015.
For the year 2019, the total consumption expenditures of overnight and day tourists with private and business travel motives in the federal state were determined, and the effects on economic performance and employment triggered by these expenditures were calculated.
In addition, an estimate was made for the year 2020, in which the Corona pandemic posed particular challenges for tourism.
Compared to 2015, the tourism consumption expenditure of domestic and foreign tourists in Lower Saxony increased by around 2.5 billion euros to 23.2 billion euros in 2019. It shows a relatively stable structure in its distribution among the various tourism products.
The direct and indirect gross value added generated by the tourism industry has increased nominally to 13.6 billion euros since 2015. Likewise, the direct and indirect employment effects show an increase to 330,000 employed persons in the year 2019, which corresponded to 7.9 per cent of total employment in Lower Saxony.
The estimate of the regional economic importance of tourism in Lower Saxony in 2020 shows a nominal decrease in consumer spending of around 28 per cent to 16.7 billion euros compared to the previous year. The expenditure generated a gross value added of only 10.1 billion euros or about 245,700 jobs, corresponding to 3.8 per cent of the total economy or 6.0 per cent of total employment. Thus, due to the Corona pandemic and corresponding travel restrictions, the regional economic importance of tourism in Lower Saxony fell by about a quarter compared to the previous year.PDF Download of this publication