Press Release: Comerica Bank
September 13, 2002
DETROIT, MI -- Tourism activity in Michigan declined 3.1-points between the first quarter 2002 and second quarter
2002, according to the Michigan Tourism Index compiled by Detroit-based Comerica Bank. The second quarter index,
at 117.76, is down 5.0 percent from 123.92 a year earlier.
"Springtime tourism in Michigan was a disappointing seven-year setback, returning us to levels of tourism
activity not seen since 1995," said David L. Littmann, senior vice president and chief economist of Comerica
Bank. "All categories of state tourism were lower when compared with year-ago levels, except museum visits,
and Mackinac Bridge crossings held up well. Especially hard hit were those facets of tourism affected by intensified
federal security efforts, namely international transit and airline traffic."
First Quarters Compared Annual Average
2002 2001 % Change 2001
Tourism Index 117.76 123.92 (5.0) 119.54
Occupancy Index 103.06 106.15 (2.9) 109.49
Airline Traffic 137.64 157.31 (12.5) 144.48
Vehicular Traffic 106.25 121.33 (12.4) 112.25
Mackinac Crossings 124.52 124.74 (0.2) 131.79
Museum 117.34 110.05 6.62 99.68
The Michigan Tourism Index is a quarterly summary of five seasonally- adjusted travel and lodging data series which
serve as a non-inflationary proxy for statewide tourism activity. Quarterly and annual data for the Michigan Tourism
Index (base year 1992 = 100) is available upon request.
Comerica Incorporated (NYSE: CMA) is a multi-state financial services provider headquartered in Detroit, with banking
subsidiaries in Michigan, California and Texas, banking operations in Florida, and businesses in several other
states.
Source: Comerica Bank