The Impact of Tourism

WHY TOURISM MATTERS

TOURISM IMPACTS PRACTICALLY ALL AREA BUSINESSES, contributing to quality of life through the influx of tax revenue, creation of jobs, and rise of services and attractions that add to the vibrancy of life in Coastal Virginia.

THE IMPACT OF TOURISM

In 2014, domestic travelers spent $22.4 billion on transportation, lodging, food, amusement and recreation, as well as retail shopping in Virginia. This represents a 4.1 percent increase from 2013.

In 2014, domestic travelers spent $2.1 billion on purchases at retail stores. Retail shopping accounted for 9.2 percent of domestic travelers’ trip spending in Virginia.

Domestic travelers spent just over $3.0 billion on public transportation in 2014, up 3.1 percent from 2013.

In 2014, travelers spent more than $1.6 billion on recreation facility user fees, admissions at amusement parks and attractions, attendance at nightclubs, movies, legitimate shows, sports events, and other forms of entertainment and recreation services.

Domestic travel in Virginia directly generated more than $2.9 billion in tax revenue for federal, state and local governments in 2014, up 4.7 percent from 2013.

Forty-three of Virginia’s 133 counties and independent cities received over $100 million in domestic travel expenditures in 2014.

Forty-three counties and independent cities in Virginia realized one thousand or more jobs that were directly supported by domestic travelers during 2014.

Domestic travel expenditures directly supported 216,900 jobs within Virginia in 2014, comprising 7.1 percent of total private industry employment in Virginia. The travel industry is the fifth largest private employer in Virginia.

Source: Virginia Tourism Corporation Stats 2014.