Tourism Facts
Tourism Means Jobs...
► Tourism is the 4th largest private sector employer in Rhode Island
► Every 220 visitors creates a new job in Rhdoe Island
► Approximately $1.63 billion in wages and salaries are generated by Travel and Tourism
► 1 out of every 10 Rhode Islanders job is attributed to Tourism.
► 8.2% of non-farm state employment is generated by Tourism
Core Tourism Impact
$1.9 Million
The Big Picture
Tourism Channels $1.03 Million Annually to Other Industries
The impact of tourism and tourist-related industries reverberates through other segments of the Rhode Island economy. Indirect sales occur when travel industry businesses, like restaurants, purchase goods and services from local suppliers thereby generating more economic output. Wholesalers of fish and seafood; meat and meat products; beer, wine, and alcoholic beverages; gifts, novelty, and souvenir stores; gas stations; automotive repair and maintenance; linen supply companies and florists also generate a substantial part of their business from "Tourism."
Tourism Means Business...
► Visitors to Rhode Island generate a "secondary" impact over and above their original expenditures
creating additional revenue in secondary sales
► Tourism spending revenue more than doubles when the secondary impact of direct expenditures is
considered
► Each Rhode Island visitor generates about $460 in expenditures, $63 of which goes to Rhode Island
businesses that do not directly make contact with that visitor
Indirect Tourism Benefits
$1.03 Million
Global Insight: Public Tourism Promotion ROI
IHS Global Insight has been solicited to help many of our public tourism clients tell the sotry of the many benefits of public tourism promotion - benefits that actually result in reducing the size of a budget deficit. This paper will summarize that story.