East-TN-tourism-2009

Views:
 
     
 

Presentation Description

No description available.

Comments

Presentation Transcript

Tourism’s Economic Importance to the East Tennessee Tourism Region :

Tourism’s Economic Importance to the East Tennessee Tourism Region Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Dr. Steve Morse Director & Economist Tourism Institute, University of Tennessee Ph: (865) 974-6249; smorse@utk.edu

How has tourism contributed to the economy of East Tennessee?:

How has tourism contributed to the economy of East Tennessee? Anderson Co. Blount Co. Campbell Co. Claiborne Co. Cocke Co. Grainger Co. Hamblen Co. Jefferson Co. Knox Co. Loudon Co. Monroe Co. Morgan Co. Roane Co. Scott Co. Sevier Co. Union Co. Union Sevier Scott Roane Morgan Monroe Loudon Knox Jeffer- son Hamblen Grainger Cocke Claiborne Camp- bell Blount Ander- son

Presentation Agenda :

Presentation Agenda

Presentation Agenda :

Presentation Agenda

Tourist Spending in East Tennessee Counties, 2009 :

Sevier Co. $1,459 million Knox Co. $761.95 million Blount Co. $257.22 million Anderson Co. $93.66 million Hamblen Co. $68.08 million Roane Co. $ 56.07 million Campbell Co. $44.43 million Loudon Co. $40.74 million Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Tourist Spending in East Tennessee Counties, 2009

Tourist Spending in East Tennessee Counties, 2009 :

Jefferson Co. $39.27 million Cocke Co. $34.48 million Monroe Co. $33.51 million Claiborne Co. $14.22 million Grainger Co. $13.09 million Scott Co. $9.47 million Union Co. $5.73 million Morgan Co. $4.13 million Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Tourist Spending in East Tennessee Counties, 2009

Jobs Generated by Tourism in East Tennessee Counties, 2009 :

Sevier Co. 18,330 jobs Knox Co. 9,410 jobs Blount Co. 2,830 jobs Anderson Co. 900 jobs Hamblen Co. 580 jobs Roane Co. 460 jobs Campbell Co. 440 jobs Loudon Co. 370 jobs Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Jobs Generated by Tourism in East Tennessee Counties, 2009

Jobs Generated by Tourism in East Tennessee Counties, 2009 :

Jefferson Co. 340 jobs Cocke Co. 410 jobs Monroe Co. 290 jobs Claiborne Co. 130 jobs Grainger Co. 80 jobs Scott Co. 80 jobs Union Co. 30 jobs Morgan Co. 10 jobs Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Jobs Generated by Tourism in East Tennessee Counties, 2009

Worker Payroll & Income Generated by Tourism in East Tennessee Counties, 2009 :

Sevier Co. $316.18 million Knox Co. $270.94 million Blount Co. $71.38 million Anderson Co. $17.04 million Hamblen Co. $11.93 million Roane Co. $ 9.21 million Campbell Co. $8.47 million Loudon Co. $7.24 million Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Worker Payroll & Income Generated by Tourism in East Tennessee Counties, 2009

Worker Payroll & Income Generated by Tourism in East Tennessee Counties, 2009 :

Jefferson Co. $7.52 million Cocke Co. $7.06 million Monroe Co. $6.28 million Claiborne Co. $2.60 million Grainger Co. $2.20 million Scott Co. $1.56 million Union Co. $990,000 Morgan Co. $490,000 Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Worker Payroll & Income Generated by Tourism in East Tennessee Counties, 2009

Local Taxes Generated by Tourism in East Tennessee Counties, 2009 :

Sevier Co. $44.26 million Knox Co. $19.02 million Blount Co. $9.20 million Anderson Co. $2.09 million Hamblen Co. $1.56 million Roane Co. $ 3.03 million Campbell Co. $2.40 million Loudon Co. $1.07 million Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Local Taxes Generated by Tourism in East Tennessee Counties, 2009

Local Taxes Generated by Tourism in East Tennessee Counties, 2009 :

Jefferson Co. $2.99 million Cocke Co. $1.60 million Monroe Co. $2.37 million Claiborne Co. $1.11 million Grainger Co. $260,000 Scott Co. $580,000 Union Co. $890,000 Morgan Co. $550,000 Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Local Taxes Generated by Tourism in East Tennessee Counties, 2009

State Taxes Generated by Tourism in East Tennessee Counties, 2009 :

Sevier Co. $81.04 million Knox Co. $41.43 million Blount Co. $14.68 million Anderson Co. $5.87 million Hamblen Co. $4.38 million Roane Co. $ 3.45 million Campbell Co. $2.61 million Loudon Co. $2.54 million Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” State Taxes Generated by Tourism in East Tennessee Counties, 2009

State Taxes Generated by Tourism in East Tennessee Counties, 2009 :

Jefferson Co. $2.41 million Cocke Co. $2.05 million Monroe Co. $1.99 million Claiborne Co. $840,000 Grainger Co. $760,000 Scott Co. $540,000 Union Co. $340,000 Morgan Co. $260,000 Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” State Taxes Generated by Tourism in East Tennessee Counties, 2009

Tourism Spending in All 16 East TN Counties, 2003 – 2009 ($ millions):

Tourism Spending in All 16 East TN Counties, 2003 – 2009 ($ millions) Source: TN Dept. of Tourist Development & U.S. Travel Association; The Economic Impact of Tourism on TN Counties , 2003 - 2009 $ millions

Percent Change in Tourist Spending for TN Regions, 2002-2009, (Adjusted for Inflation):

Percent Change in Tourist Spending for TN Regions, 2002-2009, ( Adjusted for Inflation) Memphis Delta TN Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2002-2009”

Presentation Agenda :

Presentation Agenda

What are the impacts of tourism on the East Tennessee economy, 2009? :

What are the i mpacts of tourism on the East Tennessee economy, 2009? Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” ? East Tennessee Tourism Region Union Sevier Scott Roane Morgan Monroe Loudon Knox Jeffer- son Hamblen Grainger Cocke Claiborne Camp- bell Blount Ander- son

Yearly Impacts of Tourism on the East Tennessee economy, 2009 :

Yearly Impacts of Tourism on the East Tennessee economy, 2009 Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Tourists spent $2.93 Billion

Yearly Impacts of Tourism on the East Tennessee economy, 2009 :

Yearly Impacts of Tourism on the East Tennessee economy, 2009 Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Tourism created 34,680 jobs

Yearly Impacts of Tourism on the East Tennessee economy, 2009 :

Yearly Impacts of Tourism on the East Tennessee economy, 2009 Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Tourism generated $786.10 m illion in worker paychecks

Yearly Impacts of Tourism on the East Tennessee economy, 2009 :

Yearly Impacts of Tourism on the East Tennessee economy, 2009 Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Tourism generated $165.18 million in State taxes

Yearly Impacts of Tourism on the East Tennessee economy, 2009 :

Yearly Impacts of Tourism on the East Tennessee economy, 2009 Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” Tourism generated $92.97 million in local county taxes

In summary: Tourism works for East Tennessee in 2009 :

In summary : Tourism works for East Tennessee in 2009 Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” $2.93 Billion 34,680 jobs $786.10 million $165.18 million $92.97 million

Presentation Agenda :

Presentation Agenda

Slide 26:

On an average day in East Tennessee, how much do tourists spend on … Transportation? Restaurants? Hotels & Lodging? Retail Trade? Entertainment & . Recreation? Union Sevier Scott Roane Morgan Monroe Loudon Knox Jeffer - son Hamblen Grainger Cocke Claiborne Camp- bell Blount Ander- son

Slide 27:

On an average day in East Tennessee, tourists spent … $2.54 million daily in Transportation (including air, car/truck, taxi, gas, rentals)

Slide 28:

On an average day in East Tennessee, tourists spent … $2.46 million daily in Restaurants (including drinking places & grocery stores)

Slide 29:

On an average day in East Tennessee, tourists spent … $1.34 million daily on Hotels & Lodging (including motels, campgrounds, vacation homes & condos, bed & breakfasts)

Slide 30:

On an average day in East Tennessee, tourists spent … $860,523 daily on Retail Trade (including gifts, clothes, souvenirs, incidental retail)

Slide 31:

On an average day in East Tennessee, tourists spent … $836,396 daily on Entertainment & Recreation (including parks, museums, historical sites, amusements, performing arts & shows, golf, fishing, water sports, spectator sports, theme parks)

Slide 32:

Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” & Dr. Steve Morse, University of Tennessee

Presentation Agenda :

Presentation Agenda

As a result of tourist spending in the county, each household in the county pays how much less in State & local taxes?:

As a result of tourist spending in the county, each household in the county pays how much less in State & local taxes? Tourism Provides Tax Relief for East Tennessee Counties

Slide 35:

County Each household in Co. pays this much less in State & local taxes Sevier Co. $2,891 less Knox Co. $307 less Blount Co. $450 less Anderson Co. $232 less Hamblen Co. $223 less Roane Co. $261 less Campbell Co. $261 less Loudon Co. $179 less As a result of tourist spending in the County…

Slide 36:

County Each household in Co. pays this much less in State & local taxes Jefferson Co. $239 less Cocke Co. $220 less Monroe Co. $230 less Claiborne Co. $130 less Grainger Co. $100 less Scott Co. $120 less Union Co. $133 less Morgan Co. $100 less As a result of tourist spending in the County…

Average Household Tourism Tax Relief for East Tennessee:

Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009”; U.S. Census Bureau, Dr. Steve Morse, University of Tennessee On average, each of the 527,954 households in the 16 county East Tennessee region pays $488 less in State and local taxes as a result of taxes generated by tourist spending Average Household Tourism Tax Relief for East Tennessee

Slide 38:

Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009”; U.S. Census Bureau, Dr. Steve Morse, University of Tennessee On average, each East Tennessee household would pay $488 more in taxes In other words, if it were not for S tate & local taxes generated by tourism …

In summary: Tourism works for East Tennessee in 2009 :

In summary : Tourism works for East Tennessee in 2009 Source: TN Dept. of Tourist Development & U.S. Travel Association’s Report “The Economic Impact of Travel on Tennessee Counties, 2009” $2.93 Billion 34,680 jobs $786.10 million $165.18 million $92.97 million

Thank You! Tourism Works for East Tennessee:

Thank You! Tourism Works for East Tennessee Anderson Co. Blount Co. Campbell Co. Claiborne Co. Cocke Co. Grainger Co. Hamblen Co. Jefferson Co. Knox Co. Loudon Co. Monroe Co. Morgan Co. Roane Co. Scott Co. Sevier Co. Union Co. Union Sevier Scott Roane Morgan Monroe Loudon Knox Jeffer- son Hamblen Grainger Cocke Claiborne Camp- bell Blount Ander- son

About the Research and Presentation :

About the Research and Presentation