5249.0 - Australian National Accounts: Tourism Satellite Account, 2014-15 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 29/04/2016   
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Revisions are a necessary and expected part of accounts compilation as data sources are updated and improved over time. It is standard practice in National Accounts benchmarking to review all source data and incorporate revisions.

The TSA methodology involves estimating a full benchmark every third year. The statistics presented in this publication reflect a new benchmark in respect of 2012-13. See the Explanatory Notes for a description of the benchmark methodology.

As part of the 2012-13 benchmark process, the relationships (coefficients) established in 2009-10 have been reviewed and adjusted. Where possible, coefficients from the 2006-07 and 2003-04 benchmarks were retained or new ones derived where data and/or time permitted. However, due to the significance of revisions to the supply side data some of the coefficients from the 2009-10 benchmark have been backcast across the whole time series to 1997-98 for some industries and products.

Latest industry data, supply and use tables and other input data series have been incorporated into this release and have resulted in revisions across the entire TSA series. The main impacts of this are:
  • Estimates of tourism consumption have been revised following adjustments to supply side data which is used to replace Tourism Research Australia (TRA) survey data for some products e.g. international airfares, purchases of motor vehicles, actual and imputed rent on holiday homes and international education fees.
  • Confrontation between demand and supply side data in the 2012-13 and 2009-10 benchmarks highlighted the need for adjustments to some tourism consumption and output estimates.
  • Estimates of domestic tourism consumption have also been revised due to current and previous adjustments to Tourism Research Australia's (TRA) National Visitor Survey (NVS) estimates of outbound expenditure. These adjustments related to changes to the population benchmark data used for calculating estimates of outbound expenditure.
  • Estimates of international tourism consumption were also revised due to incorporating adjustments to Tourism Research Australia's (TRA) International Visitor Survey (IVS). These adjustments are outlined in the 2013-14 TSA release. Revisions were incorporated between 2004-05 and 2009-10 and previously applied spliced growth rates post 2009-10 removed and replaced with changes to level.
  • Estimates of tourism employment and hours worked estimates are revised throughout the whole time series for a few reasons. These include:
    • Changes to the data sources used to compile tourism employment. The change means that the Labour Force Survey (LFS) is now used for details of industry of employment, status in employment and gender for all industries. Alternative employer based survey data which was previously used for tourism related service industries is no longer used. This approach ensures consistency with the Australian National Accounts and aligns tourism employment with the source of tourism hours worked estimates (also the LFS).
    • Revisions to tourism industry value-added for all industries due to re-benchmarking results in changes to the value added ratios applied to the LFS data across the whole time series.
    • Revisions to labour force estimates post July 2011 due to LFS revisions since the 2013-14 TSA release.
    • Revisions to the annual aggregate hours worked series in the LFS.

The net effect of the changes outlined above are revisions to the full suite of TSA estimates including direct tourism output, direct tourism gross value added, direct tourism GDP, tourism consumption, tourism employment and related benchmark ratios.