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MICHIGAN TOURISM MOVES HIGHER

 MICHIGAN TOURISM MOVES HIGHER
 DETROIT, June 9 /PRNewswire/ -- The Michigan Tourism Index (MTI)


posted a first-quarter 1992 gain of 1.2 points over the prior quarter, as a milder-than-normal winter significantly boosted Mackinac Bridge transits and overall vehicular traffic. The MTI averaged 155.6 during the first quarter of 1992, compared with 154.4 in the fourth quarter of 1991. Michigan's Tourism Index is now 2.6 percent above the same quarter of 1991, after removing the effects of inflation.
 Between the fourth quarter of 1991 and 1992's first quarter, motor vehicle traffic and bridge crossings increased, in contrast to adjusted occupancy rates at Michigan lodgings and air passenger traffic. Compared with year-earlier levels, only the occupancy component showed decline, although air travel barely eked out a gain. Very poor growth in Michigan household purchasing power accounts for the disappointing performance of these two indicators of Michigan tourism activity. The lower air fares that have been initiated this quarter should bolster the air passenger variable in the June MTI report (due for release in mid-August).
 FOURTH ANNUAL
 FIRST QUARTER PERCENT QUARTER AVERAGE
 1992 1991 CHANGE 1991 1991
 MTI 155.6 151.7 2.6 154.4 149.8
 Occupancy Rate
 at Lodgings 76.4 86.5 (11.7) 76.7 84.8
 Airline Traffic 216.7 213.9 1.3 238.4 224.8
 Vehicular Traffic 145.6 136.1 7.0 142.4 131.3
 Mackinac Bridge
 Crossings 183.5 170.3 7.7 160.2 158.3
 The MTI is a quarterly summary compiled by Manufacturers Bank, N.A. of four seasonally adjusted travel and lodging data series, which serve as a noninflationary proxy for statewide tourism activity.
 -0- 6/9/92
 /CONTACT: David L. Littmann, first vice president and senior economist, Manufacturers Bank, N.A., 313-222-7241/ CO: Manufacturers Bank, N.A. ST: Michigan IN: LEI SU:


JG -- DE015 -- 8418 06/09/92 14:39 EDT
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Publication:PR Newswire
Date:Jun 9, 1992
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