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The Economic Impact of Tourism in the NACOG Region

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Presentation on theme: "The Economic Impact of Tourism in the NACOG Region"— Presentation transcript:

1 The Economic Impact of Tourism in the NACOG Region
Prepared by: Don Prince, Research Sub-Committee NACOG Tourism Committee

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3 Arizona Tourism Overview Economic Impact in 2014
40.7 Million Overnight Visitors $20.9 Billion in Direct Spending 171,500 Jobs directly generated by traveler spending $2.8 Billion (Direct): Local, State and Federal Taxes generated from traveler spending in Arizona. $1,150 tax break per Arizona household

4 Ranking of Travel & Tourism compared to other Export-Oriented Industries in Arizona

5 Arizona Travel Market Share Compared to the U.S.
Arizona’s Market Share between has resulted in a cumulative loss in Travel and Tourism spending of $1.4 billion. $325 million cumulative loss in potential employment earnings. 10,000: cumulative loss in potential industry jobs. $160 million: cumulative potential loss in federal, state and local tax revenue. Why?: Arizona eliminated formula funding for Tourism and reduced the budget by more than 50% since even as competitors increased tourism funding.

6 Apache County Total Direct Travel Spending 1998-2014
Source: Dean Runyan & Associates

7 Apache County Local Tax Receipts from Tourism 1998-2014
Source: Dean Runyan & Associates

8 Apache County Total Direct Employment 1998-2014

9 Coconino County Total Direct Travel Spending 1998-2014
Source: Dean Runyan & Associates

10 Coconino County Local Tax Receipts from Tourism 1998-2013
Source: Dean Runyan & Associates

11 Coconino County Total Direct Employment 1998 - 2014
Source: Dean Runyan & Associates

12 Navajo County Total Direct Travel Spending 1998-2014
Source: Dean Runyan & Associates

13 Navajo County Local Tax Receipts from Tourism 1998-2014
Source: Dean Runyan & Associates

14 Navajo County Total Direct Employment 1998-2014
Source: Dean Runyan & Associates

15 Yavapai County Total Direct Travel Spending 1998-2014
Source: Dean Runyan & Associates

16 Yavapai County Local Tax Receipts from Tourism 1998-2014
Source: Dean Runyan & Associates

17 Yavapai County Total Direct Employment 1998 - 2014
Source: Dean Runyan & Associates

18 Travel Impacts by Legislative District

19 Travel Impacts by Legislative District

20 Travel Impacts by Legislative District

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