Michigan Tourism Remains Weak, Reports Comerica Bank
PRNewswire-FirstCall
DETROIT
(NYSE:CMA)

DETROIT, Aug. 9 /PRNewswire-FirstCall/ -- The Michigan Tourism Index compiled by Comerica Bank increased 1 percent between the first and second quarters of 2007. The second quarter index, at 116.5, was down 2.1 percent from a year earlier.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO )

"Reflecting the ongoing weakness of the local economy, our tourism index has been in a downtrend for four years," said Dana Johnson, Chief Economist at Comerica Bank. "The painfully high level of gasoline prices appears to be playing a major role in the recent weakness. One bright spot, however, is the appreciation of the Canadian dollar, which is definitely making Michigan resorts more of a bargain for residents of Canada."

                                                          % Chg. 2007Q2 From
                 2006Q2   2006Q3   2006Q4   2007Q1   2007Q2   2007Q1  2006Q2

  Tourism Index   119.1    115.8    120.7    115.3    116.5    +1.1    -2.1
  Occupancy Rate   96.3     97.1     95.2     96.5     96.5    +0.0    +0.2
  Airline Traffic 162.9    159.3    165.7    162.2    158.1    -2.5    -3.0
  Vehicular
   Traffic        106.9     98.7    101.5     98.8     97.1    -1.8    -9.2
  Mackinac
   Crossings      124.6    114.0    123.4    121.8    119.9    -1.6    -3.7
  Museum          104.7    110.1    117.6     97.0    111.0   +14.4    +6.1

The Michigan Tourism Index is a quarterly summary of five seasonally adjusted travel and lodging data series, which serve as a proxy for statewide tourism activity. Prior levels for the index were revised this quarter to incorporate our annual revisions to seasonal factors.

Comerica Incorporated (NYSE: CMA) is a financial services company, strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships and helping businesses and people to be successful. To receive this index directly to your email inbox, go to http://www.comerica.com/econsubscribe to subscribe.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO
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PRN Photo Desk, photodesk@prnewswire.com

SOURCE: Comerica Bank

CONTACT: Dana Johnson, Senior Vice-President and Chief Economist of
Comerica Bank, +1-734-930-2401

Web site: http://www.comerica.com/

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