Key personnel from Dubai's Department of Tourism and Commerce Marketing (DTCM) received a comprehensive briefing from representatives of the economic information, consulting and forecasting firm – DRI-WEFA about the Tourism Satellite Accounting (TSA) system that they have developed for Dubai.
“We initiated the TSA last year because this system will serve as a strategic tool to fully comprehend the contribution of tourism to Dubai's economy at a level of detail never before analyzed in the region,” said DTCM Director General, Khalid A Bin Sulayem.
TSA was ratified by the United Nations in 2000 to provide an accurate measurement system for the economic value of tourism. It applies UN approved economic modules and formulas to decide the direct and indirect contribution of the different components of tourism and its related activities and it is the only available UN approved method for measuring the full economic impact of tourism on the economy and it is the only available UN approved method for measuring the full economic impact of tourism in the economy.
DTCM retained the consulting firm, DRI-WEFA to develop the accounts using official data from Dubai Department of Economic Development, Central Bank of the UAE, Emirates Airlines, Dubai Municipality, Dubai Customs, Dubai Ports Authority, Dubai Chamber of Commerce and Industry and the UAE Ministry of Planning. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
