An Analysis of the Economic Contribution of Virginia's Travel and Tourism Industry and the Economic Consequences of Shortening the High Tourism Season
Post Labor-day and Pre Labor-day school openings have been the topic of discussion among many Virginia policy makers and stakeholders. Those in support of pre-Labor day school opening believe that it is necessary for the enhancement of student performance. Stakeholders in opposition of the pre-Labor day school opening strongly believe that the overall impact would have significant effects on the tourism industry.
An analysis conducted by DecideSmart regarding the economic contribution of Virginia’s travel and tourism industry and the economic consequences of shortening the high tourism season was released on December 8. The analysis focused specifically on the summer months and the pre-Labor Day period.
Key Findings of the Study
- Domestic travel]generated employees in Virginia earned more than $4.4 billion in payroll income during 2008. Domestic travel spending in Virginia directly generated more than $2.5 billion in tax revenue for federal, state and local governments in 2008.
- The total economic contribution from Virginia’s Tourism Industry is over $30.1 billion per year, supporting 289,300 jobs, and providing $7.9 billion of wages and benefits.
- It is estimated that uniformly shortening the high tourism season would forgo tourist spending by more than $275 million.
- The total economic consequences of shortening the tourism season in Virginia would be more than $369 million, including more than $104 million in wages and benefits.
- Tourism]related sales in localities with a major presence of the travel and leisure industries show significant declines in the post]summer months, declines that would likely seep into August if the high tourism season was shortened across the Commonwealth.
- Parents with children who frequent Virginia travel and tourism sites in the pre]Labor Day period strongly support post]Labor Day school openings for their children.
- Post]Labor Day school opening received support from visitors at travel and tourism destinations across the Commonwealth, including sites in Northern Virginia and Western Virginia.
- There was very little direct support for pre]Labor Day school openings when parents were given a choice.
To review the complete study, click here.